Jeff Gennette Wikipedia, Biography, Everything You Need To Know
Jeff Gennette is an American business executive who is the chairman and chief executive officer (CEO) of Macy’s, Inc. He began his career at Macy’s as an executive trainee in 1983 and has held a number of leadership positions within the company. He was named CEO in 2017 and chairman of the board in 2018.
Gennette is a graduate of Stanford University and holds an MBA from the Wharton School of the University of Pennsylvania. He is a member of the board of directors of the National Retail Federation and the Partnership for New York City.
Under Gennette’s leadership, Macy’s has undergone a significant transformation, including the closure of underperforming stores, the expansion of its e-commerce business, and the acquisition of the Bluemercury beauty store chain. Gennette has also been praised for his commitment to diversity and inclusion.
In 2019, Gennette was named one of the “100 Most Influential People in Business” by Time magazine. He is a recipient of the Leadership Award from the Retail Industry Leaders Association and the Visionary Award from the National Retail Federation.
| Personal Information | |
|---|---|
| Full Name | Jeff Gennette |
| Position | Chairman & CEO of Macy’s, Inc. |
| Location | New York City Metropolitan Area |
| Contact Info | LinkedIn Profile |
| Connections | 500+ |
| Followers | 15,105 |
Certainly! Here are 10 key points summarizing information about Jeff Gennette:
- Role at Macy’s: Jeff Gennette is currently the Chairman and CEO of Macy’s, Inc., overseeing the operations of Macy’s, Bloomingdale’s, and Bluemercury.
- Career Start: Gennette commenced his retail career in 1983 as an executive trainee at Macy’s West in San Francisco.
- Education: He holds a degree from Stanford University and an MBA from the Wharton School of the University of Pennsylvania.
- Leadership Positions: Over the years, Gennette has held various leadership positions within Macy’s, showcasing his dedication and expertise in merchandising and management.
- Board Memberships: Jeff is an active member of the board of directors of the National Retail Federation and the Partnership for New York City.
- Transformation Initiatives: Under Gennette’s leadership, Macy’s has undergone significant transformations, including the closure of underperforming stores and the expansion of its e-commerce business.
- Acquisitions: He played a key role in Macy’s acquisition of the Bluemercury beauty store chain, contributing to the company’s presence in the cosmetics market.
- Commitment to Diversity: Gennette has been praised for prioritizing diversity and inclusion, fostering a more inclusive workplace and customer base at Macy’s.
- Industry Recognition: In 2019, Jeff Gennette was named one of the “100 Most Influential People in Business” by Time magazine, and he has received awards from industry associations, including the Retail Industry Leaders Association.
- Retirement Announcement: Jeff Gennette announced his retirement as CEO in February 2024. Tony Spring was appointed President, Macy’s, Inc., and Adrian Mitchell assumed the roles of Chief Operating Officer and CFO, marking a strategic transition for the company.
Here are some of Jeff Gennette’s accomplishments as CEO of Macy’s, Inc.:
- Closed underperforming stores and streamlined operations to improve profitability
- Expanded Macy’s e-commerce business, which now accounts for over 20% of total sales
- Acquired the Bluemercury beauty store chain, which has helped Macy’s grow its presence in the cosmetics market
- Made diversity and inclusion a top priority, leading to a more inclusive workplace and customer base
Gennette is a respected leader in the retail industry and is known for his strategic vision, operational expertise, and commitment to social responsibility. He is credited with transforming Macy’s into a more competitive and forward-thinking company.
| Biography | |
|---|---|
| Education | Stanford University (Undergraduate), Wharton School of the University of Pennsylvania (MBA) |
| Career Start | 1983 (Executive Trainee at Macy’s West, San Francisco) |
| Current Role | Chairman & CEO of Macy’s, Inc. |
| Board Memberships | Partnership For New York City, NRF Foundation, CEO Action for Diversity & Inclusion Task Force, Governing Committee for Racial Equity |
| Recognition | Time magazine’s “100 Most Influential People in Business” (2019), Leadership Award from Retail Industry Leaders Association, Visionary Award from National Retail Federation |
Jeff Gennette, an accomplished American business executive, currently serves as the Chairman and Chief Executive Officer (CEO) of Macy’s, Inc. With a career spanning several decades, Gennette’s journey from an executive trainee to the pinnacle of Macy’s leadership is a testament to his strategic vision, operational prowess, and commitment to fostering positive change. In this comprehensive article, we delve into the biography of Jeff Gennette, exploring his early life, career milestones, and the transformative impact he has had on Macy’s.
Early Life and Education:
Born with a passion for retail, Jeff Gennette embarked on his career journey at Macy’s in 1983 as an executive trainee. His dedication and acumen quickly propelled him through the ranks, setting the stage for a remarkable career. Gennette is a proud graduate of Stanford University and holds an MBA from the prestigious Wharton School of the University of Pennsylvania.
Leadership at Macy’s:
Jeff Gennette’s ascent within Macy’s has been marked by various leadership positions, showcasing his multifaceted skills. In 2017, he assumed the role of CEO, followed by his appointment as Chairman of the Board in 2018. Gennette’s leadership has been characterized by a commitment to innovation, operational efficiency, and a customer-centric approach.
| LinkedIn Activity | |
|---|---|
| Followers | 15,105 |
| Posts | 3 |
| Most Recent Post | “As a true merchant at heart, I have always been deeply passionate about brands, especially the ones we create ourselves…” |
| Engagement | 885 likes, 32 comments |
| Highlighted Post | Macy’s Unveils Its New Private Brand (wwd.com) |
| Activity Highlights | Inc. Insider video series, Discussions with industry leaders, Retrospective on nearly 40 years at Macy’s |
Transformative Initiatives:
Under Gennette’s stewardship, Macy’s has undergone a significant transformation aimed at adapting to the dynamic retail landscape. One notable initiative was the strategic closure of underperforming stores, a move designed to enhance overall profitability and refocus resources. Simultaneously, Gennette spearheaded the expansion of Macy’s e-commerce business, with online sales now accounting for over 20% of the company’s total revenue.
In a strategic move to bolster Macy’s presence in the cosmetics market, Gennette oversaw the acquisition of the Bluemercury beauty store chain. This acquisition not only expanded Macy’s product offerings but also solidified its position as a key player in the beauty and skincare industry.
| Professional Experience | |
|---|---|
| Company | Macy’s, Inc. |
| Role | Chairman & CEO |
| Duration | Mar 2017 – Present (6 yrs 9 mos) |
| Previous Role | Chief Merchant (Jul 1983 – Mar 2017, 33 yrs 9 mos) |
| Retirement Announcement | Feb 2024 |
| Successor | Tony Spring (President, Macy’s, Inc.) and Adrian Mitchell (COO and CFO) |
Commitment to Diversity and Inclusion:
Jeff Gennette has been a trailblazer in prioritizing diversity and inclusion within Macy’s. By fostering an inclusive workplace and customer base, Gennette has not only strengthened the company’s internal dynamics but also enhanced its appeal to a broader demographic. His commitment to diversity has been recognized through accolades such as the Visionary Award from the National Retail Federation.
Accolades and Recognition:
In 2019, Time magazine acknowledged Jeff Gennette’s influential leadership by naming him one of the “100 Most Influential People in Business.” His contributions to the retail industry were further recognized with the Leadership Award from the Retail Industry Leaders Association.
Conclusion:
Jeff Gennette’s journey from an executive trainee to the pinnacle of Macy’s leadership is a narrative of resilience, innovation, and a steadfast commitment to positive change. His strategic vision, operational expertise, and dedication to diversity have not only transformed Macy’s into a more competitive and forward-thinking company but have also left an indelible mark on the retail industry as a whole. As Chairman and CEO, Gennette continues to shape the future of Macy’s, reinforcing its position as a leader in the ever-evolving world of retail.
Certainly! Here are five frequently asked questions (FAQs) related to Jeff Gennette:
- Q: Who is Jeff Gennette?
- A: Jeff Gennette is an American business executive currently serving as the Chairman and CEO of Macy’s, Inc. He began his career at Macy’s in 1983 and has held various leadership positions within the company.
- Q: What are Jeff Gennette’s educational qualifications?
- A: Jeff Gennette is a graduate of Stanford University and holds an MBA from the Wharton School of the University of Pennsylvania.
- Q: What contributions has Jeff Gennette made to Macy’s, Inc.?
- A: Jeff Gennette has led significant transformations at Macy’s, including the closure of underperforming stores, the expansion of e-commerce, and the acquisition of the Bluemercury beauty store chain. He is also recognized for his commitment to diversity and inclusion.
- Q: What recognition has Jeff Gennette received in the business world?
- A: Jeff Gennette was named one of the “100 Most Influential People in Business” by Time magazine in 2019. He has also received the Leadership Award from the Retail Industry Leaders Association and the Visionary Award from the National Retail Federation.
- Q: What is Jeff Gennette’s current role and future plans?
- A: As of the latest information, Jeff Gennette serves as the Chairman and CEO of Macy’s, Inc. He announced his retirement as CEO in February 2024, with Tony Spring appointed as President, Macy’s, Inc., and Adrian Mitchell as Chief Operating Officer and CFO. Jeff will work closely with them for a smooth transition.
