Nordstrom Inc. has appointed Kirsten Green, founder and managing director of Forerunner Ventures, and Glenda McNeal, president of American Express Company Enterprise Strategic Partnerships, to its board.
Green launched San Francisco-based Forerunner Ventures in 2010, a female-founded venture capital firm in Silicon Valley specializing in understanding today’s consumer and investing in entrepreneurs. The portfolio includes Bonobos, Dollar Shave Club, Jet and Warby Parker. Green has led efforts to raise more than $650 million investing in more than 80 companies. She is also on the boards of Glossier, Outdoor Voices, Ritual, Inturn and Indigo Fair. Prior to Forerunner, she was an equity research analyst and investor at Banc of America Securities (formerly Montgomery Securities) covering publicly traded retail and consumer stocks.
McNeal leads American Express’ strategy, negotiations and key initiatives for relationships including travel, e-commerce, technology and retail partners. In prior roles, McNeal led the company through pivotal transformation and growth, including expansions into industries that do not typically accept credit cards. She joined American Express in 1989 and is on the boards of RLJ Lodging Trust and the World Travel & Tourism Council.
“As Nordstrom focuses on its ambition to be the best fashion retailer in a digital world and achieve its long-term financial commitments, we’re pleased to welcome Kirsten and Glenda to our board of directors,” said Brad Smith, chairman of the Nordstrom board. “The unique perspectives and experiences they bring to Nordstrom will continue to support our efforts to meet the ever-changing needs of our customers, enabling them to shop where, how and when they choose.”
One board member, Phil Satre, is vacating his seat when his term ends in May, and Blake Nordstrom, the late copresident of the Seattle-based Nordstrom Inc., was a board member.
The appointments bring the number of directors to 11, nine of whom serve as independent directors. Nordstrom said in its statement Wednesday that it was “committed to diverse workforce representation across all business areas and at every level of leadership” and “a culture of inclusion” for innovation, better serving customers and attracting talent. Five of the company’s board members are female and three are people of color. Nordstrom directors serve one-year terms and annual elections held at the shareholders’ meeting are required.