Macy’s CEO Gennette to Retire in 2024, Succeeded by Tony Spring

Macy’s Inc. Chief Executive Officer Jeff Gennette will retire in February after nearly seven years of navigating a difficult department-store landscape, ceding the position to Bloomingdale’s CEO Tony Spring.

Spring, 58, who has been CEO at the high-end Bloomingdale’s chain since 2014 and joined the company in 1987, will serve as president of Macy’s until the 61-year-old Gennette’s retirement next year. In that role, he’ll lead Macy’s digital, customer, merchandising and brand teams, while overseeing the Bloomingdale’s and Bluemercury brands.

Gennette has led Macy’s in recent years through an ongoing turnaround strategy called Polaris, which has included ...