Starbucks CEO to Retire
Long-time CEO of Starbucks, Kevin Johnson, is retiring after 13 years with the coffee company. He served the last five years as CEO.
Johnson has served on the board of directors since 2009, joining as president and chief operating officer in 2015. He was named president and CEO in 2017, succeeding founder Howard Schultz.
The board of directors has been engaged in continuous CEO succession planning, assisted by Russell Reynolds Associates since 2021. The board anticipates selecting a new leader by the fall. Johnson will remain as a Starbucks partner and special consultant to the company and board of directors through September.
Schultz will also rejoin the board of directors and will serve as interim CEO, effective April 4.
Macy’s Hires Private Label Leader
Emily Erusha-Hilleque has joined Macy’s as senior vice president for the retailer’s private brands.
She comes on board Macy’s as the retailer is expanding its private label portfolio. In her new role, Erusha-Hilleque will lead the nameplate’s private brands design organization, including apparel, center core and home design teams, as well as drive the private brands strategy in partnership with Macy’s merchandising and sourcing teams. She will report to Nata Dvir, chief merchandising officer of Macy’s.
Erusha-Hilleque comes to Macy’s after serving as design director of ready-to-wear, young contemporary private label, design partnerships, at Target Corp.
Neiman Marcus Names New Finance Head
Neiman Marcus has appointed Katie Anderson as executive vice president and CFO, effective April 4.
Anderson, who joins Neiman Marcus after serving as CFO of Guess, succeeds Brandy Richardson. Richardson left Neiman Marcus to join Tailored Brands in November. In her new role, Anderson will be responsible for Neiman Marcus’s financial functions, risk management, real estate and supply chain.
Her appointment comes as Neiman Marcus continues to invest in digital-first, stores, data, technology and supply chain.