Terry J. Lundgren
Chairman, President and Chief Executive Officer
Terry Lundgren has been chairman, president and chief executive officer of Macy's, Inc. since January 2004. Prior to this, he served as president and chief executive officer, a title he assumed in March 2003 after having served as president and chief operating officer as well as president and chief merchandising officer.
Lundgren began his retailing career in 1975 as a trainee with Bullock's, a Los Angeles-based division of Federated. He held positions of increasing responsibility over the next decade in buying, store management, human resources and senior-level store management, as well as serving as the division's director of stores. Lundgren was named senior vice president and general merchandising manager of Bullock's in 1984. In 1987, he was named president and chief executive officer of Bullocks Wilshire, then an upscale chain of specialty department stores owned by Federated.
Lundgren left Federated in 1988 to join Neiman Marcus, where he served as executive vice president and shortly thereafter was named chairman and chief executive officer. He returned to Federated in April 1994 as chairman and chief executive officer of the Federated Merchandising Group.
Thomas L. Cole
Chief Administrative Officer
Thomas L. Cole was elected chief administrative officer of Macy's, Inc. in February 2009. He oversees support and non-financial corporate functions, including credit, logistics, systems, property development, non-merchandise purchasing, human resources, corporate communications and employee relations. He also has administrative responsibility for the company's law and internal audit functions. Cole has been with Macy's, Inc. for 38 years and has held a number of positions at several divisions during this period. Prior to his most recent position, Cole was vice chair of Macy's, Inc. and chairman and chief executive officer of Macy's Logistics and Operations, Macy's Systems Group and Macy's Credit and Customer Services.
Janet E. Grove
Vice Chair
Janet Grove was elected vice chair of Macy's, Inc. in 2003. She is responsible for the company's International Retail Store Development initiatives and facilitates the transition of merchandising, planning and private brand development functions in the organizational restructuring of Macy's, Inc. She also served as chairman of the Macy's Merchandising Group beginning in 1998. Prior to this position, she served as senior vice president for Center Core Merchandise at Federated Merchandising Group in 1996 after having served as executive vice president for Home and Center Core Merchandise at Broadway Stores for four years. Grove began her retail career in 1973 at San Francisco-based Macy's West as a member of the executive training program. Throughout the next two decades, she held positions of increasing responsibility in store line positions ranging from assistant buyer to general merchandise manager.
Karen M. Hoguet
Chief Financial Officer
Karen Hoguet was elected chief financial officer of Macy's, Inc. in February 2009. She is responsible for all of the company's financial functions, as well as Area Research. Previously, Hoguet was named executive vice president and chief financial officer in May 2005 and senior vice president and chief financial officer in 1997. Hoguet joined the company in 1982 as a senior consultant in marketing and long-range planning after working with the Boston Consulting Group. She served in a range of financial management capacities, including senior vice president for planning and treasurer of the corporation.