Macy’s has announced that its chief operating officer and chief financial officer, Adrian Mitchell, will step down from the role on June 22.
The retailer has appointed Capri Holdings executive Thomas Edwards as its next COO and CFO following Mitchell’s departure.
In his most recent role, Edwards served as the CFO and COO of Capri Holdings Ltd., parent company of Michael Kors, Versace and Jimmy Choo, where he was in charge of overseeing finance, information technology and supply chain teams.
Edwards brings years of experience, also previously having worked as executive VP and CFO of Chili’s owner Brinker International, Inc.
Additionally, he has taken on multiple finance and operations roles at Wyndham Hotel Group, Kraft Foods and Nabisco Food Service Company.
Tony Spring, chairman and CEO of Macy’s, said: “I would like to thank Adrian for his years of service to Macy’s Inc.
“He played a vital role in steering us through the pandemic and laying the groundwork for our ongoing revitalization while significantly strengthening our financial position.
“Under his purview, we have modernized our financial operations and developed new operational capabilities to more efficiently and effectively serve our customers.”
Mitchell joined the company in 2020 and was part of the company’s major operational shake-up.
This included plans to shutter some of its underperforming stores and introduce an assortment of products to the stores.
Spring added: “With these changes, we complete a purposeful evolution of the Macy’s Inc. leadership team, and I am confident that we have the right talent to support the return of Macy’s Inc. to enterprise growth.”
The C-suite shifts are a part of Macy’s turnaround strategy following mixed Q4 2024 results.
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