Macy's Management

Management criteria checks 2/4

Macy's' CEO is Tony Spring, appointed in Feb 2024, has a tenure of 1.92 years. total yearly compensation is $5.78M, comprised of 16.9% salary and 83.1% bonuses, including company stock and options. directly owns 0.096% of the company’s shares, worth $4.16M. The average tenure of the management team and the board of directors is 3.2 years and 2.8 years respectively.

Key information

Tony Spring

Chief executive officer

US$5.8m

Total compensation

CEO salary percentage16.9%
CEO tenure1yr
CEO ownership0.1%
Management average tenure3.2yrs
Board average tenure2.8yrs

Recent management updates

Recent updates

Wall Street Lunch: ICR Conference Brings In Holiday Sales Results

Jan 13

Macy's: Growth Is Likely To Inflect Moving Forward (Rating Upgrade)

Dec 13

Macy's Bold New Chapter Strategy Faces Too Many Uncertainties

Oct 07

Macy's, Inc.: Potential For Growth Inflection, But I Am Hold Rated

Sep 24

Macy's: Margins And Go-Forward Sales Growth Critical To Q2 Results

Aug 19

Macy's: Broken Market

Jul 15

Macy's Remains On Sale After An Upsized Bid Pushes Shares Higher

Jul 05

Macy's: Encouraging Q1 Points To Brighter Long-Term Prospects

May 21

Macy's: Still Looking For A Bigger Bid

Apr 25

Macy's: A Sell On Rising Credit Card Delinquencies

Apr 18

Macy's (NYSE:M) Is Paying Out A Larger Dividend Than Last Year

Mar 05
Macy's (NYSE:M) Is Paying Out A Larger Dividend Than Last Year

Macy's: Q4 Results Are A Cause For Optimism

Mar 01

Is Macy's (NYSE:M) Using Too Much Debt?

Jan 19
Is Macy's (NYSE:M) Using Too Much Debt?

Macy's: Holding For Takeover Bid, Expecting Decent Post-Holiday Sales Results

Jan 16

Macy's, Inc. (NYSE:M) Stock Rockets 39% But Many Are Still Ignoring The Company

Dec 19
Macy's, Inc. (NYSE:M) Stock Rockets 39% But Many Are Still Ignoring The Company

Macy's: Hard Pass On This Buyout Offer

Dec 11

Macy's (NYSE:M) Has Affirmed Its Dividend Of $0.1654

Dec 08
Macy's (NYSE:M) Has Affirmed Its Dividend Of $0.1654

Macy's (NYSE:M) Has Announced A Dividend Of $0.1654

Nov 24
Macy's (NYSE:M) Has Announced A Dividend Of $0.1654

Macy's: Property Portfolio Will Not Save It As Profitability Tumbles

Nov 13

Macy's (NYSE:M) Is Due To Pay A Dividend Of $0.1654

Nov 02
Macy's (NYSE:M) Is Due To Pay A Dividend Of $0.1654

Macy's: Navigating Modern Retail Challenges With Legacy Strengths

Oct 13

Is Now The Time To Look At Buying Macy's, Inc. (NYSE:M)?

Oct 09
Is Now The Time To Look At Buying Macy's, Inc. (NYSE:M)?

Macy's: A Deep Value Trap?

Oct 02

Returns At Macy's (NYSE:M) Appear To Be Weighed Down

Sep 21
Returns At Macy's (NYSE:M) Appear To Be Weighed Down

CEO Compensation Analysis

How has Tony Spring's remuneration changed compared to Macy's's earnings?
DateTotal CompensationSalaryCompany Earnings
Nov 02 2024n/an/a

US$172m

Aug 03 2024n/an/a

US$184m

May 04 2024n/an/a

US$12m

Feb 03 2024US$6mUS$975k

US$105m

Oct 28 2023n/an/a

US$682m

Jul 29 2023n/an/a

US$749m

Apr 29 2023n/an/a

US$1b

Jan 28 2023US$3mUS$850k

US$1b

Oct 29 2022n/an/a

US$1b

Jul 30 2022n/an/a

US$2b

Apr 30 2022n/an/a

US$2b

Jan 29 2022US$5mUS$850k

US$1b

Compensation vs Market: Tony 's total compensation ($USD5.78M) is about average for companies of similar size in the US market ($USD6.65M).

Compensation vs Earnings: Tony 's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


CEO

Tony Spring (59 yo)

1yr

Tenure

US$5,777,959

Compensation

Mr. Antony Spring also known as Tony, serves as Chairman of NRF Foundation. He serves as Chief Executive Officer at Macy's Inc. from February 2024 and serves as its Director since March 2023 and serves as...


Leadership Team

NamePositionTenureCompensationOwnership
Antony Spring
CEO & Chairman1yrUS$5.78m0.096%
$ 4.2m
Adrian Mitchell
Executive VP4.3yrsUS$7.89m0.040%
$ 1.7m
Tracy Preston
Chief Legal Officer & Corporate Secretary1.1yrsUS$1.53mno data
Danielle Kirgan
Executive VP7.3yrsUS$3.12m0.13%
$ 5.4m
Keith Credendino
Chief Information Officerless than a yearno datano data
Pamela Quintiliano
Head of Investor Relations2.4yrsno datano data
Sharon Otterman
Chief Marketing Officer1.2yrsno datano data
Felicia Williams
Chief Executive Officer of Action for Racial Equity4.3yrsUS$1.65mno data
Mike Dervos
Senior VP & Regional Director of Chicago16.8yrsno datano data
Shawn Outler
Chief Diversityno datano datano data
Nata Dvir
Chief Merchandising Officerno datano datano data
Chuck DiGiovanna
Senior Vice President of Real Estate3.9yrsno datano data

3.2yrs

Average Tenure

58yo

Average Age

Experienced Management: M's management team is considered experienced (3.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Antony Spring
CEO & Chairman1.9yrsUS$5.78m0.096%
$ 4.2m
Richard Markee
Independent Directorless than a yearno datano data
Sara Levinson
Independent Director27.8yrsUS$273.68kno data
Paul Varga
Lead Independent Director12.9yrsUS$301.35k0.015%
$ 630.7k
Torrence Boone
Independent Director5.2yrsUS$271.11kno data
Deirdre Connelly
Independent Director17.1yrsUS$289.61k0.0039%
$ 169.1k
Jill Granoff
Independent Director2.8yrsUS$282.89kno data
Marie Chandoha
Independent Director2.8yrsUS$291.28kno data
Naveen Chopra
Independent Director1.8yrsUS$260.83kno data
Douglas Sesler
Independent Directorless than a yearno data0.011%
$ 488.4k
Tracey Zhen
Independent Director3.3yrsUS$270.69kno data
Emilie Arel
Independent Director2.5yrsUS$270.84kno data

2.8yrs

Average Tenure

61yo

Average Age

Experienced Board: M's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/02 01:30
End of Day Share Price 2025/01/31 00:00
Earnings2024/11/02
Annual Earnings2024/02/03

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Macy's, Inc. is covered by 38 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Christopher GrajaArgus Research Company
Daniela NedialkovaAtlantic Equities LLP
Ishan MajumdarBaptista Research