Federated Department Stores Inc announced that Anne MacDonald, whose brand-building experience includes senior positions with Citibank and PepsiCo, will join the company as its Chief Marketing Officer and President of the Macy's Corporate Marketing division.
MacDonald succeeds Peter Sachse, who will fill a newly created position as Chairman and Chief Executive Officer of macys.com.
Both will be based in New York and report directly to Terry J Lundgren, Federated's Chairman, President and Chief Executive Officer.
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Federated, with corporate offices in Cincinnati and New York, is one of the nation's premier retailers, with fiscal 2006 sales expected to be more than $27 billion.
Federated operates more than 850 department stores and more than 720 bridal and formalwear stores in 49 states.
Federated Department Stores Inc
marketing@alchempro.com
