American retailer Macy’s adds Naveen Chopra to board of directors

Macy’s Inc, a leading US-based retail corporation, has announced the appointment of Naveen Chopra to its board of directors effective April 1, 2023. In addition to the appointment of Chopra, the company also announced that John Bryant and Leslie Hale, both of whom have served on the board since 2015, will not stand for re-election to the board at the company’s 2023 annual meeting.

Following the 2023 annual meeting, the Macy’s board will be comprised of 13 members, 12 of whom are independent and continue to represent a diverse range of ages, experiences, skills, and ethnicities. Chopra will serve on the audit and finance committees, bringing his financial expertise and strategic leadership to the company, Macy’s said in a press release.

Macy’s has announced the appointment of Naveen Chopra to its board of directors, effective from April 1, 2023. John Bryant and Leslie Hale, who served since 2015, will not stand for re-election to the board. Chopra, with extensive experience as CFO for high-growth companies and currently with Paramount Global, will serve on the audit and finance committees.

Chopra is an established financial and operational leader who has served as chief financial officer for several high-growth, innovative companies over the past two decades. In his current role at Paramount Global, he oversees the company’s financial operations and global corporate development and strategy. He also served as chief financial officer of Amazon’s devices and services business, responsible for some of Amazon’s fastest growing and most strategic consumer businesses, including Alexa and Echo, FireTV, Ring, Kindle, and the Amazon Appstore.

Bryant and Hale have served as members and leaders of Macy’s audit and finance committees during their tenure. Bryant has chaired the audit committee since 2016, while Hale has served as Finance Committee chair since 2022.

“Naveen brings impressive experience at the intersection of digital innovation and financial growth to our board,” said Jeff Gennette, chairman and chief executive officer of Macy’s, Inc. “His career as a CFO spans consumer, technology, and media companies, and we are confident his insights will be highly relevant to us as we build on our position as a digitally led, modern department store. We look forward to his contributions to our board.”

“Macy’s, Inc has reimagined how consumers engage with its Macy’s, Bloomingdale’s and Bluemercury brands, and I am energised to join the board at a time when the enterprise is poised for future growth,” said Chopra.

Fibre2Fashion News Desk (DP)