NEW YORK, NEW YORK - SEPTEMBER 05: People stand outside of Macy's Herald Square as the city ... [+]
Macy’s announced that Adrian V. Mitchell has been appointed CFO effective November 2, 2020. He will replace Felicia Williams who, for the past five months was interim CFO of the company.
Mitchell joins the company with extensive retail experience. His most recent job was with Boston Consulting where he was a managing director and partner on the Digital BCG and Consumer Practices. Since joining BCG in 2017 he helped clients solve their toughest challenges in a competitive and disruptive environment. He worked primarily within retail operation across automotive, drugstore, fast food, and specialty retail operations.
Prior to Boston Consulting he worked for Recreational Equipment Inc for 2016 -2017. He served as CFO of Arhaus LLC. (A home furnishing retailer.) Mitchell was with of Crate & Barrel since 2010, became CFO in 2011 and COO in 2014-15. He served concurrently as interim CEO. From 2007 to 2010 he held management positions with Target Corp
Felicia Williams, who toiled tireless during five month of the pandemic as interim CFO of Macy’s will be joining the CEO Action for Racial Equality as a Macy’s Inc.
Based on his life’s work I judge Mr. Mitchell to be fully qualified as a CFO for Macy’s. He worked in some challenging assignments, such as Crate & Barrel when the company underwent some major changes. He will have to learn the soft-goods business which seems to be absent from his extensive and varied experience. Soft goods are a strong suit for Macy’s, and while it may change in the future as customers demand more goods for the home, it still represents a major source of income.
I hope Mitchell will give the company stability and a commitment for dedicated service. Macy’s needs innovative action in real estate and finance as the pandemic environment demands drastic action.
