Macy's names new CFO

Macy’s, Inc. has announced Adrian V. Mitchell as its new chief financial officer, effective November 2, 2020.

In the role, Mitchell will be responsible for leading all finance functions including accounting, treasury, investor relations, internal audit, financial/capital planning and analysis, and procurement, the company said.

He will report to Jeff Gennette, chairman and chief executive officer of Macy’s Inc.

Mitchell joins Macy’s from Boston Consulting Group (BCG), where he has served in the role of managing director and partner in the Digital BCG and Consumer Practices since 2017.

Prior to his time with BCG, he served as CEO and board director at furniture and home décor retailer Arhaus, as a board member of Rei, interim CEO, COO and CFO of Crate and Barrel, and director of strategy and interactive design for target.com, among other roles.

“We’re delighted that Adrian is joining Macy’s, Inc. at this crucial time in our company’s journey and look forward to welcoming him on November 2,” said Gennette.

“In a retail environment where change is accelerating beyond what we could have imagined a year ago, Adrian’s depth of financial and operational experience, coupled with his leadership in strategy, innovation, and transformation, will help us on our path to emerge a stronger company.”

In the CFO role, Mitchell will replace Felicia Williams. Williams has served as interim CFO of the company since June, after previous CFO Paula Price left the company after just under two years. Williams will now join the CEO Action for Racial Equity as a Macy’s Inc. Fellow. As a fellow, she will play a key role in the CEO Action commitment to identify, develop and promote scalable and sustainable policies and corporate best practices to address systemic racism and social injustice, and improve societal well-being, the company said.

Williams first joined Macy’s in 2004.

Macy's names new CFO

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