Macy’s Inc. said late Friday Executive Chairman Terry Lundgren will retire from the board of directors effective Jan. 31. The board has appointed Chief Executive Jeff Gennette to the additional role of chairman from that date on. After Lundgren’s retirement, the Macy’s board will have 10 directors, the company said. Shares of Macy’s were flat in late trading after ending the regular session up 2.1%.
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