By  on March 23, 2017
Terry J. Lundgren

Terry J. Lundgren may be stepping down today as Macy’s Inc.’s chief executive officer after a 14-year run, but he isn’t exactly going anywhere.

Among the nation’s highest-profile retail leaders and a figurehead for the industry, Lundgren is handing the ceo job to Jeff Gennette and takes on the newly created role of executive chairman, a position he describes as a full-time job “intended to be a transitional post for me to assist and advise Jeff in his new role. That’s my primary role, but additionally, I have direct responsibility for our international businesses and I am going to directly supervise all of the real estate activities for the company.”

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