John Bryant, chairman, president and chief executive officer of Kellogg Co., has been elected to Macy’s Inc.’s board, increasing the number of directors to 13.
Bryant has been president and ceo of Kellogg since 2011 and added the chairmanship last July.
Terry Lundgren, chairman and ceo of Macy’s, commented, “As the current ceo of a major global consumer products company with significant experience in finance and operations, John understands the dynamics of successful strategy and execution. His insight will be invaluable as our company pursues organic growth as well as considers new business and innovation initiatives, including expansion into international markets.”
Macy’s completed its acquisition of Bluemercury for $210 million earlier this month and has recently been studying China and other international markets for possible expansion.
Prior to becoming Kellogg’s ceo, Bryant, a director of the firm since 2010, served as the company’s chief financial officer, chief operating officer and president of its North American and international divisions.
This is the second addition to Macy’s board this calendar year. In January, Leslie Hale, executive vice president, cfo and treasurer of RLJ Lodging Trust, was added as the 12th director.
Of the 13 members of the board, all but Lundgren are considered independent. Of those 12, six are women and four are ethnic minorities, Macy’s said.
With about 885 stores throughout the U.S., Macy’s posted sales of $28.11 billion in fiscal 2014.