Macy’s adds to board
Macy’s, Inc. has announced the appointment of Naveen Chopra, executive vice president and chief financial officer of Paramount Global, to its board of directors, effective April 1. He will also serve on the audit and finance committees.
An operational and finance expert, Chopra has served as chief financial officer for several high-growth companies over the past 20 years. In his current role, Chopra helms Paramount Global’s financial operations and global corporate development and strategy.
Before that, he was chief financial officer of AmazonEchoPandora
Earlier in his career, Chopra held business development roles at both large enterprises like Microsoft and Hewlett Packard and early-stage venture-backed companies including WebTV, Ofoto, and Rearden Steel
“Naveen brings impressive experience at the intersection of digital innovation and financial growth to our board,” said Jeff Gennette
Coinciding with the appointment, Macy’s
Following the meeting, Macy’s, Inc. board will be comprised of 13 members, 12 of whom are independent and continues to represent a diverse range of ages, experiences, skills and ethnicities.
In its most recent trading update in early March, Macy’s said its expects 2023 sales between $23.7 billion and $24.2 billion, compared with the average estimate of $24.29 billion, according to IBES data from Refinitiv.
