Tom Cole, who retired as chief administrative officer of Macy’s Inc. last June, has joined consulting firm Kurt Salmon as a partner in its retail and consumer goods practice.
Madison Riley, head of the practice in North America, described Cole’s experience in retail as “quite simply unparalleled. We plan to leverage his perspective on a whole range of client projects, from due diligence to operations transformation. He is going to add tremendous value to our team.”
Cole was closely involved in Federated’s 1994 acquisition of R.H. Macy & Co., resulting in the renaming of the company as Macy’s Inc., and in Macy’s 2005 acquisition of May Department Stores. Following his involvement with the consolidation of various regional brands into a unified Macy’s corporate structure in 2009, he focused on the My Macy’s localization program, Magic Selling customer engagement and omnichannel integration.
Cole was associated with Macy’s and its predecessor companies for 41 years prior to his retirement. Starting his career with the Polsky’s division of Allied Stores Corp., he joined Federated Department Stores as vice president and controller of I. Magnin in 1980 and later served as president of Federated Merchandising Group and chairman and chief executive officer of Macy’s logistic and operations arms and in other capacities prior to being promoted to vice chairman of Federated in 2003 and chief administrative officer of Macy’s in 2009.
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