Paula Price to join Macy’s as Chief Financial Officer

Macy's, Inc. has announced that Paula A. Price will be appointed Chief Financial Officer, effective July 9, 2018. Price, the company added, will be responsible for leading the company's finance, accounting, investor relations and internal audit functions, reporting to Jeff Gennette, Macy's Chairman and CEO. Price will succeed Karen Hoguet, who plans to retire at the end of the 2018 fiscal year but will remain in an advisory role to support the company during a transition period until February 2, 2019.

"I'm excited to have Paula join Macy's, Inc. at such an important time for our business. She is an accomplished financial executive with an impressive breadth and depth of retail experience and will be a great addition to the team. Having led finance in a variety of complex and dynamic retail organizations, Paula's insights and experience will serve Macy's, Inc. well," said Gennette in a statement.

Paula Price to join as CFO at Macy’s Inc

Price joins Macy's with 30 years of finance experience primarily in retail and consumer-facing businesses. She is currently a full-time senior lecturer in the accounting and management unit at Harvard Business School, a role she has held since 2014.

In her most recent corporate role as executive vice president, chief financial officer of Ahold USA, the company said, Price led a team of over 1,000 across finance, accounting, strategy and planning, real estate and information technology. She was also responsible for the successful development and execution of a 1 billion dollars program to fund Ahold USA's strategic growth initiatives, which included sales efforts, customer loyalty and e-commerce initiatives.

Prior to her role with Ahold USA, she served as senior vice president, controller and chief accounting officer of CVS Caremark Corporation, where she was a major contributor to the execution of the CVS/Caremark merger. Earlier in her career, Price held finance and strategy positions at a variety of retail, consumer products and financial services companies.

She has also held senior level roles at other large companies in the United States and abroad, including JPMorgan Chase, Diageo, Kraft and Sears. Price is a certified public accountant who began her career at Arthur Andersen & Co.

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