Macy’s announces addition of Bill Lenehan to its Board of Directors

– USA, OH – William H. Lenehan, president and chief executive officer of Four Corners Property Trust, Inc., has been elected to the Macy’s, Inc. (NYSE:M) Board of Directors, effective April 1, 2016.

Lenehan, 39, has extensive knowledge and experience in real estate development and management. He was named president and chief executive officer of Four Corners, a publicly traded investment trust focused on foodservice real estate, in August 2015. Previously, he served as special advisor to the board of EVOQ Properties, Inc., owner of a substantial portfolio of development assets in downtown Los Angeles; interim CEO of MI Development, a real estate operating company; and investment professional in the real estate group of Farallon Capital Management LLC, a global asset management firm.

“Bill will contribute to our board’s expertise and working knowledge on matters related to real estate, an important area of activity as we work to create shareholder value through joint ventures or other partnerships related to Macy’s flagship stores and mall properties,” said Terry J. Lundgren, chairman and chief executive officer of Macy’s, Inc. “Bill’s perspective is rooted in his real estate experience in a variety of industry sectors, including net lease, restaurants, mall, office, residential, and mixed-use.”

Lenehan is a graduate of Claremont McKenna College.

The election of Lenehan and that of Frank Blake in November 2015 increases the size of the Macy’s, Inc. board to 15 members. Two board members, Meyer Feldberg and Joseph Neubauer, are scheduled to retire at the Macy’s, Inc. Annual Meeting of Shareholders on May 20, 2016.

Macy’s, Inc., with corporate offices in Cincinnati and New York, is one of the nation’s premier retailers, with fiscal 2015 sales of $27.079 billion. The company operates about 870 stores in 45 states, the District of Columbia, Guam and Puerto Rico under the names of Macy’s, Bloomingdale’s, Bloomingdale’s Outlet, Macy’s Backstage and Bluemercury.

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