Macy’s Welcomes Douglas Sesler, Ex-Real Estate Chief, to Its Board
Macy’s, the renowned department store chain, has put forward Douglas Sesler for election to its board of directors during the forthcoming annual shareholder gathering. Sesler, the brain behind Fair Street Partners and its current president, brings a wealth of experience from his tenure as Macy’s head of real estate, managing an impressive portfolio of over 100 million square feet.
His resume boasts significant roles in companies like True Square Capital, Bank of America Merrill Lynch, and Citigroup, showcasing a diverse leadership background. Macy’s CEO and chairman-elect, Tony Spring, highlighted Sesler’s vast expertise, stating, “Doug’s proven success in leading dynamic real estate strategies will greatly benefit our board, aligning with our objectives to enhance shareholder value as we embark on ‘A Bold New Chapter’.”
This strategic initiative, unveiled in February, is designed to rejuvenate Macy’s growth by reinforcing its brand identity, propelling luxury offerings, and streamlining operations across the board.
In addition to Sesler’s nomination, Macy’s disclosed that Francis Blake, a board member since 2015, will step down due to the company’s retirement policy, marking a significant transition in the board’s composition.