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MACY'S, INC.

(M)
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Macy : Names Prabhakar Iyer Vice President, Treasury and Corporate Development

07/27/2021 | 05:23pm EDT
Macy's, Inc. Names Prabhakar Iyer Vice President, Treasury and Corporate Development
Download as PDFJuly 27, 2021

NEW YORK (July 21, 2021)-Macy's, Inc. (NYSE: M) today announced that it has named Prabhakar Iyer Vice President, Treasury and Corporate Development, effective immediately.

In this role, Iyer will oversee the Treasury, Insurance, Corporate Finance and Development teams. He reports to Adrian Mitchell, chief financial officer of Macy's, Inc., and is based out of the company's New York City headquarters.

'I am pleased to welcome Prabhakar to the Macy's, Inc. finance team,' said Mitchell. 'Prabhakar has extensive experience across all aspects of finance, with a strong understanding of capital markets, cash management, foreign exchange, treasury operations, M&A and investor relations. I look forward to working with him as we continue to strengthen our balance sheet and evolve our capital allocation strategy.

Iyer joins Macy's, Inc. from Wolverine Worldwide, Inc., where he was Vice President, Finance and Operations, leading FP&A and supporting the finance needs of the company's global operation. Prior to that role, he spent more than 16 years in finance at General Motors.

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About Macy's, Inc.

Macy's, Inc. (NYSE: M) is one of the nation's premier omnichannel retailers. Headquartered in New York City, the company comprises three retail brands: Macy's, Bloomingdale's and Bluemercury. With a robust e-commerce business, rich mobile experience and a national stores footprint, our customers can shop the way they live - anytime and through any channel. For more information, visit macysinc.com.

Media - Blair Rosenberg
media@macys.com

Investors - Mike McGuire
investors@macys.com

Released July 27, 2021

Disclaimer

Macy's Inc. published this content on 27 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 July 2021 21:22:06 UTC.


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Financials (USD)
Sales 2022 23 745 M - -
Net income 2022 1 071 M - -
Net Debt 2022 2 091 M - -
P/E ratio 2022 6,44x
Yield 2022 1,03%
Capitalization 6 680 M 6 680 M -
EV / Sales 2022 0,37x
EV / Sales 2023 0,34x
Nbr of Employees 75 711
Free-Float 99,8%
Chart MACY'S, INC.
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Macy's, Inc. Technical Analysis Chart | M | US55616P1049 | MarketScreener
Technical analysis trends MACY'S, INC.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 17
Last Close Price 21,57 $
Average target price 22,39 $
Spread / Average Target 3,81%
EPS Revisions
Managers and Directors
Jeffrey Gennette Chairman & Chief Executive Officer
Adrian V. Mitchell Chief Financial Officer
Laura M. Miller Chief Information Officer
Sara L. Levinson Independent Director
Marna Cupp Whittington Lead Independent Director
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