Macy’s, Inc. Nominates Douglas W. Sesler for Election to Board of Directors - Seite 2

The company today also announced that Francis S. Blake, who has served on the Board since 2015, will not stand for reelection at the Annual Meeting, in accordance with the mandatory retirement age of the Board’s Corporate Governance Principles. Blake has chaired the Board’s Compensation and Management Development Committee and has served as Chair of the Board’s Finance Committee since 2021. He previously served on the Board’s Nominating and Corporate Governance Committee.

“On behalf of my fellow directors, I want to thank Frank for his important contributions to Macy’s, Inc. over the past eight years,” said Paul Varga, Macy’s, Inc. lead independent director. “Board refreshment is an important component of our corporate governance framework, and we look forward to adding Doug’s real estate expertise and knowledge of Macy’s, Inc.’s business to the already diverse experience currently represented on our Board. We are confident his perspectives will be an asset as the company continues its efforts to deliver sustainable, profitable growth.”

About Douglas W. Sesler

Douglas W. Sesler, 62, is the founder and president of Fair Street Partners, a private real estate investment and development platform. Before that, Sesler served as Head of Real Estate for Macy’s, Inc. from 2016 to 2021, where he was responsible for the Company’s real estate portfolio totaling over 100 million square feet and the monetization and development of over $2 billion of real estate. Prior to joining Macy’s, Inc., Sesler was president of True Square Capital, a real estate investment and advisory firm, from 2011 to 2016. Sesler held various roles at Bank of America Merrill Lynch from 2005 to 2011, including co-head of global real estate principal investments managing an $8 billion portfolio of opportunistic real estate for the firm’s balance sheet and for third party fund investors. Earlier in his career, Sesler held leadership roles at Citigroup, including managing director of the global real estate investment bank group, Travelers Realty Investment Company and Chemical Bank (now J.P. Morgan). Sesler has served on the board of Urban Edge Properties, a NYSE-listed real estate investment trust, since 2020. He also serves on the Advisory Board of Hodes Weil & Associates, a real estate focused capital advisory firm, and has been a member of The Real Estate Roundtable, The Urban Land Institute, NAREIT, and the ICSC. Sesler earned a bachelor’s degree in government from Cornell University.