Macy’s Appoints Ashley Buchanan and Tracey Zhen to Board of Directors
Macy’s, Inc. has announced the appointment of Ashley Buchanan, CEO of The Michaels Companies and Tracey Zhen, President of Zipcar, to its board of directors, effective October 5, 2021.
“Ashley and Tracey bring valuable and highly relevant expertise that will help our business continue to execute our Polaris strategy and drive growth. Ashley brings decades of retail experience and a history of overseeing omnichannel transformation efforts at Michaels and Walmart. We also look forward to leveraging Tracey’s global consumer technology experience and track record of innovating and applying technology to drive growth, ”said Jeff Gennette, President- Managing Director of Macy’s, Inc.
The company said in a statement that as Michaels CEO since early 2020, Buchanan has led the company through a significant transformation, including a redesigned omnichannel experience and strengthened store operations that have resulted in record growth, financial and operational performance. Previously, he held various positions at Walmart, most recently as Chief Merchant for the ecommerce company in the United States.
Zhen, the company added, oversees all facets of the business in his role at Zipcar, the world’s leading carsharing network. She brings more than 20 years of experience in leadership roles at consumer technology companies including TripAdvisor and Expedia, where she has held senior management positions.
“We are confident that Tracey and Ashley will be strong additions to our board of directors, bringing skills and experience that align directly with Macy’s strategy and efforts to position the company for profitable growth,” said said Paul Varga, Senior Independent Director of Macy’s, Inc ..
With the addition of Buchanan and Zhen, the board of directors of Macy’s, Inc. will consist of 12 members. Buchanan will serve on the Audit Committee and Zhen will serve on the Nomination and Corporate Governance Committee.