NEW YORK - Macy's, Inc. (NYSE: NYSE:M) announced the nomination of Douglas W. Sesler, a seasoned real estate executive, to its Board of Directors. The election will take place at the company's 2024 Annual Meeting of Shareholders. Sesler's extensive experience in real estate investment and finance is expected to bring valuable insights to Macy's strategy for growth and shareholder value enhancement.
Sesler, who founded Fair Street Partners in 2021, has over 35 years of experience in the real estate sector. His previous roles include Head of Real Estate at Macy's, where he oversaw a portfolio of over 100 million square feet and the development of real estate projects worth over $2 billion. He also held leadership positions at Bank of America Merrill Lynch (NYSE:BAC) and Citigroup.
Tony Spring, CEO and chairman-elect of Macy's, praised Sesler's track record and understanding of the company's real estate assets, expressing confidence in his ability to contribute to the board's diversity of experience. Sesler himself expressed enthusiasm for joining the board and contributing to Macy's future success.
The company also announced that Francis S. Blake, a board member since 2015, will not seek reelection due to the board's mandatory retirement policy. Blake has been instrumental in leading the Board's Compensation and Management Development Committee and Finance Committee.
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