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    Tony Spring

    Chairman and Chief Executive Officer at MMacy'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
    PG
    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

    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