Macy’s has appointed Thomas J Edwards as its COO and CFO, effective June 22, as part of an effort to boost its leadership team.
Edwards is currently EVP, COO and CFO of Capri and is set to leave the luxury fashion group on June 20. He will succeed Adrian Mitchell, who will continue in his current capacity as COO and CFO through June 21 to ensure a seamless transition.
Edwards has nearly 40 years of experience in the retail, consumer goods, and hospitality industries. Prior to joining Capri, he was EVP and CFO of Brinker International.
In his new role, he will be responsible for Macy’s financial and operational functions, driving innovation to transform and optimize operations that serve customers and unlock value for shareholders.
The department store chain has also adjusted the structure of its current leadership team, which will see Macy’s chief stores officer Barbie Cameron reporting to CEO Tony Spring starting June 22.
In addition, Bluemercury CEO Maly Bernstein will report to Bloomingdale’s CEO Olivier Bron, effective May 1.
“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 to enterprise growth,” said Spring.
The company posted a 4.2 per cent sales decline for the year ended February 1, but net loss in the prior year was replaced by a profit of $342 million.
Meanwhile, Capri has commenced a search for Edwards’ replacement and Rajal Mehta, CFO of Michael Kors, as interim CFO for the group.
