Macy’s CFO Steps Down Amid Unprecedented Retail Upheaval
- Retailer’s top finance executive to depart at the end of May
- Company has furloughed most workers as stores remain shut
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Macy’s Inc., in the middle of navigating a broad U.S. shutdown of nonessential businesses, said that Chief Financial Officer Paula Price is leaving her role.
Price, who has been in the position for less than two years, “has made the decision to leave the company as of May 31,” the department-store operator said in a statement. She will remain an adviser through November, and the company is searching for her replacement.