An announcement from Macy’s (M) is now available.
Macy’s, Inc. has made notable changes to its Board of Directors, with the appointment of Richard Clark and Richard L. Markee as part of an agreement with Arkhouse Management Co. LP. This move also saw the retirement of Jeff Gennette and Francis S. Blake from the Board. Alongside these appointments, Tony Spring has taken over as Chairman of the Board. Additionally, the Board’s size has been expanded to accommodate these transitions. This strategic reshuffle aims to steer the company through an Arkhouse-led acquisition proposal, demonstrating Macy’s commitment to its corporate governance and potential growth strategies.
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