Felicia Williams Elected Controller of Macy’s, Inc.

CINCINNATI–(BUSINESS WIRE)–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
– Matt Stautberg, 513-579-7780