– USA, OH – Macy’s, Inc. (NYSE: M) today announced the appointment of Ashley Buchanan and Tracey Zhen to its board of directors, effective October 5, 2021, expanding the Board to 12 members.
“We are very pleased to welcome these two proven and innovative leaders to the Macy’s, Inc. board of directors,” said chairman and CEO, Jeff Gennette.
As CEO of Michaels since early 2020, Ashley Buchanan has led the company through a significant transformation, including a reimagined omnichannel experience and strengthened store business that resulted in record growth, financial and operational performance. He previously served in various roles at Walmart, most recently as chief merchant for the U.S. eCommerce business where he introduced an omnichannel approach to the country’s largest employer.
Tracey Zhen oversees all facets of the business in her role at Zipcar, the world’s leading car-sharing network, and is focused on leveraging innovation and technology to grow Zipcar’s position as a category leader. She brings more than 20 years of experience in leadership roles at consumer technology companies, including TripAdvisor and Expedia, where she held general management positions.
Jeff Gennette added: “Ashley and Tracey bring valuable and highly relevant expertise that will help our company continue to execute our Polaris strategy and drive growth. Ashley brings decades of experience in retail and history of overseeing omnichannel transformations efforts at both Michaels and Walmart. We also look forward to leveraging Tracey’s global consumer technology background and track record of fueling innovation and applying technology to deliver growth. Our board and overall organization will benefit from their fresh perspectives as we continue to advance our integration of innovative digital shopping and compelling stores to most effectively meet the needs of our current and future customers, from off-price to luxury.”
Buchanan will serve on the Audit Committee and Zhen will serve on the Nominating and Corporate Governance Committee.
“We are confident that Tracey and Ashley will be strong additions to our board, bringing skills and experience that directly align with Macy’s strategy and efforts to position the company for profitable growth,” said Paul Varga, lead independent director. “I look forward to working closely with both of them as the company continues to build on its momentum.”
About Ashley Buchanan
Buchanan, 47, serves as CEO and as a member of the Board of The Michaels Companies, roles he has held since January 2020. Before Michaels, he served in various roles of increased leadership and responsibility at Walmart for nearly 11 years, culminating in his position as chief merchandising and COO for its U.S. eCommerce business. During his time at Walmart, Buchanan also served as chief merchant at Sam’s Club where he led a merchandising team and oversaw activities including assortment, private brand strategy, pricing, global sourcing, packaging, replenishment, and supply chain. Earlier in his career, he spent three years at Dell where he held a variety of positions in finance, after spending five years at Accenture focused on the retail industry. Buchanan also serves as a Director at Tree House Foods.
“Macy’s is an iconic American retailer, and I am honored to serve on the board during this transformative moment in its history,” said Ashley Buchanan.
He earned a Bachelor of Business Administration in finance and real estate as well as a Master of Business Administration from Baylor University.
About Tracey Zhen
Zhen, 44, has served as President of Zipcar since January 2017. She has nearly two decades of experience in the consumer technology industry, including senior management roles at TripAdvisor and Expedia overseeing business strategy, finance, operations, product development, and marketing. At TripAdvisor, she held numerous general management roles including as VP of Housetrip, a European vacation rental brand, VP of Vacation Rental Supply, and VP and GM of FlipKey, an online vacation rental marketplace. Before that, Zhen spent five years at Expedia including as General Manager of emerging markets and strategy, leading international business growth in Europe and strategic partnerships, as well as Finance Director. She serves as Co-Chair of the Board of Trustees for the Mass Technology Leadership Council and on the Advisory Board of the Taubman Center at the Harvard Kennedy School.
“Macy’s, Inc. is on an exciting trajectory, and I am eager to work together with the talented board and management team to build on its momentum, expand its market share and reach new customers,” commented Tracey Zhen.
Zhen earned a Bachelor of Business Administration in Finance and Information Systems at New York University’s Stern School of Business.
About Macy’s, Inc.
Macy’s, Inc. is one of the nation’s premier omnichannel retailers. Headquartered in New York City, the company comprises three retail brands: Macy’s, Bloomingdale’s, and Bluemercury. With a robust e-commerce business, rich mobile experience, and a national stores footprint, our customers can shop the way they live — anytime and through any channel.
For more information: https://www.macysinc.com
- Disclaimer - News, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.
