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    Adrian V. Mitchell

    Chief Operating Officer and Chief Financial Officer at Macy's Inc
    Since March 2023
    Age
    51 years
    Education
    Holds an M.B.A. from Harvard University and a B.S. in Chemical Engineering from Louisiana State University.
    Tenure
    Joined M in 2020 as Chief Financial Officer and was promoted to Chief Operating Officer in March 2023.

    Also at Macy's Inc

    About

    Adrian V. Mitchell is 51 years old as of March 2025. He holds an M.B.A. from Harvard University and a B.S. in Chemical Engineering from Louisiana State University, demonstrating a strong foundation in business and engineering.

    He joined M in 2020 as Chief Financial Officer and later assumed the role of Chief Operating Officer in March 2023. His appointment marked a significant milestone in his career, reflecting his extensive experience in executive leadership and operational management across various industries.

    Throughout his career, he has held key leadership roles at prominent companies, which have equipped him with the expertise to drive financial modernization and operational efficiency at M. His promotions within the company underscore a commitment to advancing strategic initiatives and delivering sustainable growth.

    Past Roles

    OrganizationRoleDate RangeDetails
    Boston Consulting Group Managing Director and Partner, Digital BCG and Consumer Practices 2017 to 2020 N/A
    Arhaus LLC Chief Executive Officer 2016 to 2017 N/A
    Crate and Barrel Holdings, Inc. Interim CEO, Chief Operating Officer, Chief Financial Officer 2010 to 2015 Various executive roles
    Target Corporation Director of Strategy & Interactive Design for target.com; Director of Innovation & Productivity 2007 to 2010 Led company-wide projects
    McKinsey & Company, Inc. Co-founder of the NA Lean Operations Retail Practice N/A N/A

    Fixed Compensation

    Data from  FY 2024
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$950,000AnnualFixed annual salary for 2024, unchanged from 2023.
    All Other Compensation$23,127As AwardedIncludes company DCP matching contributions of $11,052.

    Performance Compensation

    Data from  FY 2024

    Performance Compensation Overview

    The performance compensation for 2024 is provided through the Non-Equity Incentive Plan Compensation. Details are as follows:

    • Payout Amount: $1,288,400
    • Grant Date: March 28, 2024

    Performance Measures and Targets

    MetricWeightageThresholdTargetMaximumActual Performance
    Total Revenue35%33.75%135%270%100.46%
    Adjusted EBITDA35%33.75%135%270%100.46%
    Omni Net Promoter Score30%33.75%135%270%100.46%

    Vesting and Evaluation

    • Evaluation Period: Annual performance reviewed for fiscal year 2024.
    • Conditions: Payout contingent on achieving pre-determined performance metrics as assessed by the CMD Committee.
    • Vesting: Non-Equity Incentive Plan Compensation is typically paid out annually based on the achievement criteria.