Macy's Changes Team
Macy’s has restructured its senior executive team, effective immediately. Thomas L. Cole is retiring as chief administrative officer after a 41-year career. He will remain with the company through May to help the transition. William S. Allen joins as chief human resources officer. Robert B. Harrison takes on a newly created role of chief omnichannel officer, responsible for technology and logistics. Karen M. Hoguet, chief financial officer, assumes additional responsibility for credit and customer services, real estate, non-merchandise purchasing and sustainability. Peter Sachse, chief stores officer, assumes additional responsibility for store planning, design and construction. All report to Terry J. Lundgren, chairman, president and chief executive officer.