Tony Spring

Chairman and Chief Executive Officer at Macy's Inc

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 Inc

AVM

Adrian V. Mitchell

Chief Operating Officer and Chief Financial Officer

DLK

Danielle L. Kirgan

Chief Transformation and Human Resources Officer

Paul Griscom

SVP and Controller

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

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

Fixed Compensation

Data from FY 2024

Component Name	Amount	Payment Schedule	Additional Details
Base Salary	$1,300,000	Annually	2024 base salary
Time-Based RSUs (Target Annual Equity Grant)	$4,250,000	Vests 100% on fifth anniversary	50% portion from the $8,500,000 grant (time-based component)
Time-Based RSUs (One-Time Equity Grant)	$1,000,000	Vests 100% on fifth anniversary	25% portion from the $4,000,000 one-time grant
Board Chair Cash Retainer	N/A	N/A	No specific mention
Regular Board Cash Retainer	N/A	N/A	No specific mention

Performance Compensation

Data from FY 2024

Annual Target Incentive Opportunity

Metric	Details
Target Amount	$2,600,000
Calculation	200% of base salary (200% of $1,300,000)
Performance Metrics	N/A
Thresholds / Maximum Cap	N/A
Weights	N/A
Evaluation Period	2024
Vesting Schedule	N/A

Performance-Based RSUs (Target Annual Equity Grant)

Metric	Details
Total Grant Date Fair Value	$8,500,000
Performance-Based Portion	$4,250,000 (50% component)
Vesting Schedule	End of five-year performance period
Performance Metrics	N/A
Thresholds / Targets	N/A
Grant Date / Stock Price	N/A

Performance-Based RSUs (One-Time Equity Grant)

Metric	Details
Total Grant Date Fair Value	$4,000,000
Performance-Based Portion	$3,000,000 (75% component)
Vesting Schedule	End of five-year performance period
Performance Metrics	N/A
Thresholds / Targets	N/A
Grant Date / Stock Price	N/A