Sign in

Tony Spring

Chairman and Chief Executive Officer at Macy's
Since February 4, 2024
Age
59 years
Tenure
With over 36 years of service at M, he advanced through several executive positions—from executive roles and leadership at Bloomingdale's to serving as EVP, President and CEO-Elect, and ultimately assuming the role of Chairman and Chief Executive Officer as of February 4, 2024.

Also at Macy's

About

Tony Spring is a seasoned retail executive with a proven track record in transforming major retail businesses. At 59 years old, he has established himself as a dynamic leader across various companies, embodying a commitment to innovation and strategic growth.

His career in retail spans over three decades, during which he held a series of influential roles at M and its flagship division Bloomingdale's. Rising through the ranks from executive positions to serving as EVP, President, and CEO-Elect, he has demonstrated exceptional leadership by driving record sales, expanding digital operations, and repositioning key brands.

Beyond his operational achievements, he plays an active role in the broader retail community. His service on the Executive Committee of the National Retail Federation, along with board roles supporting community initiatives such as the Juvenile Diabetes Research Foundation and the Hospital for Special Surgery, underscore his commitment to both industry innovation and social responsibility.

$M Performance Under Tony Spring

Past Roles

OrganizationRoleDate RangeDetails
Macy's, Inc.President and CEO-Elect 2023–2024Former role held prior to assuming the current Chairman and Chief Executive Officer position.
Macy's, Inc.Executive Vice President 2021–2023Held as a key leadership role before transitioning to the CEO role.
Bloomingdale'sChairman and Chief Executive Officer 2014–2023Led Bloomingdale's prior to taking on the current role at Macy's, Inc.
Bloomingdale'sPresident and Chief Operating Officer 2008–2014Managed operational oversight before being promoted.
Bloomingdale'sExecutive Vice President 2004–2008Served in a senior leadership capacity.
Bloomingdale'sExecutive Vice President of Marketing 1998–2004N/A
Bloomingdale'sVarious roles (incl. Senior Vice President for home furnishings) 1987–1998Held a progression of roles with increased responsibility in the home furnishings area.

Fixed Compensation

Data from  FY 2024
Component NameAmountPayment ScheduleAdditional Details
Base Salary$1,300,000 Annually2024 base salary
Time-Based RSUs (Target Annual Equity Grant)$4,250,000 Vests 100% on fifth anniversary50% portion from the $8,500,000 grant (time-based component)
Time-Based RSUs (One-Time Equity Grant)$1,000,000 Vests 100% on fifth anniversary25% portion from the $4,000,000 one-time grant
Board Chair Cash RetainerN/AN/ANo specific mention
Regular Board Cash RetainerN/AN/ANo specific mention

Performance Compensation

Data from  FY 2024

Annual Target Incentive Opportunity

MetricDetails
Target Amount$2,600,000
Calculation200% of base salary (200% of $1,300,000)
Performance MetricsN/A
Thresholds / Maximum CapN/A
WeightsN/A
Evaluation Period2024
Vesting ScheduleN/A

Performance-Based RSUs (Target Annual Equity Grant)

MetricDetails
Total Grant Date Fair Value$8,500,000
Performance-Based Portion$4,250,000 (50% component)
Vesting ScheduleEnd of five-year performance period
Performance MetricsN/A
Thresholds / TargetsN/A
Grant Date / Stock PriceN/A

Performance-Based RSUs (One-Time Equity Grant)

MetricDetails
Total Grant Date Fair Value$4,000,000
Performance-Based Portion$3,000,000 (75% component)
Vesting ScheduleEnd of five-year performance period
Performance MetricsN/A
Thresholds / TargetsN/A
Grant Date / Stock PriceN/A