Tony Spring
Also at Macy's Inc
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
| 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
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 |