Sign in

    Erik B. Nordstrom

    Chief Executive Officer at Nordstrom Inc
    Board
    Since 2020
    Age
    61 years
    Tenure
    Began his career at JWN in 1979, progressing through a series of leadership roles—serving as Co-President from 1995 to 2000, holding various Executive Vice President positions, and ultimately becoming CEO in 2020.

    Also at Nordstrom Inc

    AD
    Alexis DePree
    Chief Supply Chain Officer
    CRS
    Cathy R. Smith
    Chief Financial Officer
    FC
    Fanya Chandler
    President of Nordstrom Stores

    About

    Erik B. Nordstrom is a pivotal leader with deep familial connections within the company, being a great-grandson of the co-founder and part of a family that has long influenced JWN’s legacy.

    Starting his journey in 1979, he steadily ascended through multiple roles—from management and sales positions to leading the company at the highest levels. His career is marked by significant milestones, including serving as Co-President, various Executive Vice President roles, and ultimately taking on the role of Chief Executive Officer in 2020.

    Beyond his internal contributions, his strategic vision has driven key investments in blending digital with physical retail experiences and bolstered customer-centric innovation. His leadership has not only redefined operational excellence at JWN but also earned him recognition as one of the top CEOs, underscoring a career dedicated to pioneering growth and transformation.

    $JWN Performance Under Erik B. Nordstrom

    Past Roles

    OrganizationRoleDate RangeDetails
    Nordstrom, Inc. Co-President 2015 – 2020 Held as part of career progression before becoming CEO
    Nordstrom, Inc. Executive Vice President and President, Nordstrom.com 2014 – 2015 Oversaw digital operations
    Nordstrom, Inc. Executive Vice President and President, Stores 2006 – 2014 Managed store operations
    Nordstrom, Inc. Executive Vice President, Full-Line Stores 2000 – 2006 Oversaw full-line store operations
    Nordstrom, Inc. Executive Vice President and Northwest General Manager 2000 Regional management role
    Nordstrom, Inc. Co-President 1995 – 2000 Early leadership role during retail expansion
    Nordstrom, Inc. Various Management and Sales Positions 1979 – 1995 Held progressive roles in management and sales

    External Roles

    OrganizationRoleDate RangeDetails
    The Jim Pattison Group Board of Directors Member 2021 – Present Diversified holding company and one of Canada’s largest privately held companies

    Fixed Compensation

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$773,087 AnnualFixed base salary for 2023.
    401(k) Plan Company Match$7,561 AnnualPart of All Other Compensation.
    Premium on Insurance$1,961 AnnualPart of All Other Compensation.
    Other Benefits$41,107 AnnualPart of All Other Compensation; total All Other Compensation equals $50,629 .

    Performance Compensation

    Data from  FY 2023

    Non-Equity Incentive Plan Compensation (Cash Bonus)

    MetricValueAdditional Details
    Performance MetricIncentive Adjusted EBIT 100% weighting for Erik B. Nordstrom.
    Threshold$498 million 25% payout condition; Bonus Threshold: $379,250
    Target$858 million 100% payout condition; Bonus Target: $1,517,001
    Superior$1,258 million 250% payout condition; Max Bonus Opportunity: $3,792,502
    Actual Performance$718 million Resulted in a 70% payout .
    ROIC Condition7% threshold, 8.5% actual Incentive Adjusted ROIC requirement met.

    Performance Share Units (PSUs)

    MetricValueAdditional Details
    Performance MetricsCumulative Sales & EBIT Margin % Over a three-year period ending January 31, 2026 .
    Payout Range75% (Threshold) / 100% (Target) / 150% (Max) Payout levels based on achievement of performance targets.
    Grant DateMarch 6, 2023 Approval Date: March 1, 2023.
    Grant Date Fair Value$16.42 Fair value per PSU on grant date.
    Grant Date Stock Price$19.63 Closing price on grant date.
    PSU Quantities72,718 (Threshold) / 96,958 (Target) / 145,437 (Max) Number of PSUs corresponding to performance levels.
    Vesting ScheduleVest at end of period Vesting contingent on achieving performance metrics over three years.

    Stock Options

    MetricValueAdditional Details
    Grant DateMarch 6, 2023
    Grant Date Fair Value$1,061,901 Total fair value for stock options.
    Exercise Price$19.63 Equal to the closing price on the grant date.
    Vesting Schedule50% on March 10, 2026; 50% on March 10, 2027 Time-based vesting in two equal installments.
    Expiration DateMarch 6, 2033 Options expire 10 years after the grant date.
    ConditionsExercisable if market price > exercise price No performance conditions associated.

    Incentive Adjusted EBIT Bonus Measure

    MetricValueAdditional Details
    Performance MetricIncentive Adjusted EBIT Basis for the cash bonus payout.
    Threshold$498 million 25% payout condition.
    Target$858 million 100% payout condition.
    Superior$1,258 million 250% payout condition.
    Actual Performance$718 million Led to a 70% payout .
    ROIC Condition7% threshold, 8.5% actual Incentive Adjusted ROIC requirement met.
    Bonus OpportunityTarget: $1,517,001 ; Threshold: $379,250 ; Max: $3,792,502 Annual cash bonus amounts based on EBIT performance.