Macy's Chief Stores Officer Retires

Macy's, Inc. M today announced a series of changes to its senior executive leadership team: Ron Klein, Macy's chief stores officer, will retire effective March 31, 2012, after a distinguished retailing career that includes 36 years with the company. He will devote the next two months to a smooth transition of the chief stores officer position. Peter Sachse, Macy's chief marketing officer and chairman of macys.com, will succeed Klein as Macy's chief stores officer, effective Feb. 13. He will be responsible for the nationwide portfolio of Macy's stores, as well as the region and district stores organization and visual merchandising. Sachse also will retain responsibility for the company's omnichannel strategy, which brings together stores, online and mobile capabilities to serve customers whenever and wherever they want to shop. He will remain a member of the company's executive committee and continue to report to Terry J. Lundgren, chairman, president and chief executive officer of Macy's, Inc.