MRO Magazine

Felicia Williams Elected Controller of Macy’s, Inc.


January 15, 2016
By Business Wire News

CINCINNATI

Macy’s, Inc. (NYSE:M) today announced that Felicia Williams, currently its senior vice president for enterprise risk and internal audit, has been elected executive vice president, controller and enterprise risk of Macy’s, Inc. and will serve as the corporation’s chief accounting officer, effective June 1, 2016. She will report to Karen Hoguet, chief financial officer.

Williams, a 12-year Macy’s veteran, will succeed EVP/Controller Joel Belsky, who retires effective May 31, 2016 after a 41-year career in management of corporate financial functions, including 36 years at Macy’s, Inc. and its predecessor companies.

Belsky, 62, was elected executive vice president and controller of Macy’s, Inc. (then known as Federated Department Stores, Inc.) in May 2009. Belsky began his career in 1975 as an accounting supervisor at Bloomingdale’s. In 1977, he joined Gimbels where he became director of inventory control before leaving to join the MacGregor Golf Co. in 1981. Belsky joined Atlanta-based Rich’s in 1982 as manager of financial reporting. Over the next 10 years, he assumed positions of increasing responsibility in finance and operations before being named vice president of finance and chief financial officer of Rich’s in 1992. He was named vice president and controller of Federated in 1996. Belsky, a native New Yorker, is a graduate of Brooklyn College and a certified public accountant. Belsky resides in the Cincinnati area.

Williams, 50, was named senior vice president for enterprise risk and internal audit in January 2014. Previously, she served as senior vice president for risk and financial services and as senior vice president for treasury and risk management since September 2008. Williams joined Macy’s in 2004 as vice president for internal audit from Coca-Cola Hellenic Bottling Co. in Athens, Greece, where she was director of internal audit. She began her career in 1994 as a commercial paper trader and money market analyst for the Coca-Cola Company in Atlanta and was promoted to various positions in treasury, financial control and finance. Prior to Coca-Cola, Williams worked for Bristol-Myers Squibb and Arthur Andersen & Company. A native of Chicago, Williams is a graduate of Florida A&M University and is a certified public accountant. She lives in the Cincinnati area.

Macy’s, Inc., with corporate offices in Cincinnati and New York, is one of the nation’s premier retailers, with fiscal 2014 sales of $28.015 billion. The company operates about 900 stores in 45 states, the District of Columbia, Guam and Puerto Rico under the names of Macy’s, Bloomingdale’s, Bloomingdale’s Outlet, Macy’s Backstage and Bluemercury, as well as the macys.com, bloomingdales.com and bluemercury.com websites. Bloomingdale’s in Dubai is operated by Al Tayer Group LLC under a license agreement.

All statements in this press release that are not statements of historical fact are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based upon the current beliefs and expectations of Macy’s management and are subject to significant risks and uncertainties. Actual results could differ materially from those expressed in or implied by the forward-looking statements contained in this release because of a variety of factors, including conditions to, or changes in the timing of, proposed transactions, prevailing interest rates and non-recurring charges, competitive pressures from specialty stores, general merchandise stores, off-price and discount stores, manufacturers’ outlets, the Internet, mail-order catalogs and television shopping and general consumer spending levels, including the impact of the availability and level of consumer debt, the effect of weather and other factors identified in documents filed by the company with the Securities and Exchange Commission.

(Note: additional information on Macy’s, Inc., including past news releases, is available at www.macysinc.com/pressroom)

Macy’s, Inc.
Media – Jim Sluzewski, 513-579-7764
or
Investor – Matt Stautberg, 513-579-7780