Macy’s, Inc. Appoints Naveen Chopra to Board of Directors

Appointment Boosts Board’s Abilities Across Finance, Electronic and Innovation

NEW YORK, March 23, 2023–(Small business WIRE)–Macy’s, Inc. (NYSE: M) currently introduced the appointment of Naveen Chopra, government vice president and main economic officer of Paramount World wide, to its board of directors, productive April 1, 2023.

Chopra is an recognized economic and operational chief who has served as main fiscal officer for various higher-growth, modern companies over the past 20 many years. In his present role, Chopra oversees Paramount Global’s money functions and world wide corporate development and technique. Beforehand, Chopra was chief financial officer of Amazon’s Gadgets and Services Small business, liable for some of Amazon’s speediest developing and most strategic client enterprises together with Alexa and Echo, FireTV, Ring, Kindle and the Amazon Appstore. Chopra has also efficiently executed company transformations, like whilst as chief fiscal officer of both of those Pandora Media and TiVo Corporation.

“Naveen provides impressive experience at the intersection of electronic innovation and economical advancement to our board,” stated Jeff Gennette, chairman and chief executive officer of Macy’s, Inc. “His occupation as a CFO spans purchaser, technologies and media companies, and we are self-assured his insights will be remarkably suitable to us as we develop on our situation as a digitally led, modern section shop. We appear ahead to his contributions to our board.”

“Macy’s, Inc. has reimagined how customers engage with its Macy’s, Bloomingdale’s and Bluemercury makes and I am energized to sign up for the board at a time when the company is poised for future advancement,” stated Chopra.

The business right now also declared that John Bryant and Leslie Hale, both equally of whom have served on the board given that 2015, will not stand for re-election to the board at the company’s 2023 annual conference. Both have served as members and leaders of the Audit and Finance Committees throughout their tenure – Bryant has chaired the Audit Committee since 2016 even though Hale has served as Finance Committee chair given that 2022.

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Paul Varga, Macy’s, Inc. direct independent director, stated, “On behalf of my fellow directors, I want to specific our appreciation to Leslie and John for their significant contributions to Macy’s, Inc.’s good results above the previous 8 a long time. The composition and variety of the board demonstrates Macy’s, Inc.’s dedication to greatest-in-class corporate governance. We are self-confident that Naveen’s exceptional skillset will be a strong complement to our board as the company continues to aim on strengthening its foundation for sustainable, extensive-expression, lucrative gross sales growth.”

Subsequent the 2023 once-a-year assembly, the Macy’s, Inc. board will be comprised of 13 members, 12 of whom are independent and proceeds to stand for a diverse assortment of ages, encounters, techniques and ethnicities. Chopra will serve on the Audit and Finance Committees.

About Naveen Chopra

Naveen Chopra, 49, is the executive vice president and chief financial officer at Paramount World-wide. Prior to becoming a member of ViacomCBS in 2020, Chopra served as vice president and main monetary officer of Amazon’s Units and Services Enterprise. From 2017 to 2019, he served as main financial officer at Pandora Media, encouraging to guide a significant company transform-all over, and held the purpose of interim CEO in 2017. Chopra held a variety of roles at TiVo Company from 2003 to 2016, together with main fiscal officer and interim CEO where by he guided the firm by various phases of expansion and transformation. Before in his vocation, Chopra held business enterprise enhancement roles at both of those large enterprises like Microsoft and Hewlett Packard and early-phase enterprise-backed corporations like WebTV, Ofoto, and Rearden Steel. He earned bachelor’s degrees in computer science and economics from Stanford and an MBA from the Stanford Graduate School of Business enterprise. Chopra is also a winner of Diversity, Fairness and Inclusion and established Paramount Global’s Finance Range Functioning Team and Sponsorship method.

About Macy’s, Inc.

At Macy’s, Inc. (NYSE: M), we are a reliable resource for high-quality makes at wonderful values from off-selling price to luxurious. Throughout our iconic nameplates, like Macy’s, Bloomingdale’s and Bluemercury, we support our buyers specific their exclusive fashion and rejoice specific times, significant and smaller. Headquartered in New York Metropolis, we work one particular of retail’s major e-commerce businesses integrated with a nationwide footprint to supply the most practical and seamless searching working experience. Our function is to generate a brighter long run with daring representation – so we can know the full probable of every a person of us. For more info, take a look at macysinc.com.

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