SEATTLE, May 10, 2023
/PRNewswire/ -- Nordstrom, Inc. (NYSE: JWN) today announced the
appointment of Cathy R. Smith as
chief financial officer, effective May 29,
2023. Smith joins Nordstrom from Bright Health Group where
she has served as chief financial and administrative officer since
2020.
In this role, Smith will be responsible for financial planning
and analysis, accounting, tax, internal audit, treasury, investor
relations and strategic sourcing.
"Cathy is a proven and well-respected leader with more than 30
years of financial leadership experience," said Erik Nordstrom, chief executive officer of
Nordstrom, Inc. "With her impressive record delivering business
results at blue chip brands and deep expertise navigating a complex
retail environment, we're confident she will be an excellent
addition to our team and will help us achieve our growth
priorities."
"Nordstrom is an iconic brand with a relentless focus on
customers," said Smith. "Keeping the customer at the center of
business decisions is key for long-term success. I look forward to
working alongside the talented Nordstrom team to drive growth and
profitability and to deliver for our customers."
Prior to Bright Health, Smith worked as the chief financial
officer for Target Corporation for five years. During that time,
Target achieved double-digit revenue and EPS growth. Before Target,
Smith served as CFO for public companies Express Scripts, Walmart
International, Gamestop, Centex, Kennametal, Textron and
Raytheon.
She currently serves on the boards of directors at PPG
Industries and Baxter International. Previously, Smith served as a
director for Dick's Sporting Goods. Smith received an MBA from the
University of Southern California and a
bachelor's degree in business economics from the University of California, Santa Barbara.
Nordstrom also announced today that Michael Maher, interim CFO, has informed the
company that he will be leaving Nordstrom to pursue other
opportunities. He will remain with the company through June 16 to help facilitate a smooth
transition.
Maher joined Nordstrom in 2009 and has been instrumental in
guiding the company through periods of transformation, including
the company's shift from a store-centric financial model to an
omnichannel one, and leading critical finance initiatives
throughout and following the pandemic.
Nordstrom added, "I'd like to thank Michael for his exceptional
leadership in serving as interim CFO during the transition period
and for his many contributions to our finance organization and
business throughout his tenure. He has been a trusted partner and
we are sad to see him go."
About Nordstrom
At Nordstrom, Inc. (NYSE: JWN), we exist to help our customers feel
good and look their best. Since starting as a shoe store in 1901,
how to best serve customers has been at the center of every
decision we make. This heritage of service is the foundation we're
building on as we provide convenience and true connection for our
customers. Our digital-first platform enables us to serve customers
when, where and how they want to shop – whether that's in-store at
more than 350 Nordstrom, Nordstrom Local and Nordstrom Rack locations or digitally through
our Nordstrom and Rack apps and websites. Through it all,
we remain committed to leaving the world better than we found
it.
INVESTOR
CONTACT:
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Sara
Penner
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Nordstrom,
Inc.
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InvRelations@Nordstrom.com
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MEDIA
CONTACT:
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Stephanie
Corzett
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Nordstrom,
Inc.
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NordstromPR@Nordstrom.com
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SOURCE Nordstrom, Inc.