Starbucks Executive, Annie Young-Scrivner, Joins Macy’s, Inc. Board of Directors

  Starbucks Executive, Annie Young-Scrivner, Joins Macy’s, Inc. Board of
  Directors

Business Wire

CINCINNATI -- June 23, 2014

Annie Young-Scrivner, executive vice president of Starbucks Coffee Company and
president of its Teavana business, has been elected to the Macy’s, Inc.
(NYSE:M) board of directors, effective today.

“Annie Young-Scrivner is an extraordinarily talented executive and business
leader with an impressive track record of success in marketing, brand-building
and innovation on a regional, national and international level. She will be a
significant asset to our company, given the important role that our directors
play in guiding the company’s strategic direction in satisfying emerging
consumer demand,” said Terry J. Lundgren, Macy’s, Inc. chairman and chief
executive officer. “Most striking is Young-Scrivner’s consistent level of
achievement in driving business results in every step of her career. At
Macy’s, she will be part of an unusually diverse board that keenly understands
the dynamic customer marketplace served by our omnichannel brands. Moreover,
we expect she will be an inspiration to the talented individuals who are
advancing through the ranks of leadership at Macy’s and Bloomingdale’s.”

The addition of Young-Scrivner brings the size of Macy’s, Inc.’s board of
directors to 11 members. Of the 10 independent directors, five are women.

In February 2014, Young-Scrivner, 45, was named president of Teavana, a
rapidly growing tea retailer acquired by Starbucks a year ago, with more than
350 stores in the U.S., Canada, Mexico and the Middle East. Young-Scrivner has
served in several of the company’s key leadership roles since 2009, including
president, Starbucks Canada; president, Tazo Tea, and as Starbucks global
chief marketing officer.

From 1990 through 2009, Young-Scrivner rose quickly through the ranks of
PepsiCo, Inc., starting as a sales and marketing intern at Frito-Lay and
advancing to roles that included vice president and general manager of
PepsiCo’s Target team, chairman and region president for PepsiCo Foods in
Greater China (based in Shanghai), and chief marketing officer and head of
sales for Quaker Foods and Snacks Division.

Young-Scrivner was born in Taiwan to Chinese parents. Her family immigrated to
the United States when she was age 7. Young-Scrivner’s first job while in
college was as a sales associate at The Bon Marche department store in
Seattle, which today is part of Macy’s.

Young-Scrivner earned her bachelor's degree in Business Administration from
the University of Washington in 1991, and her MBA from the University of
Minnesota in 2003. She has continued her executive education at Yale, Darden
School of Business, and the International Institute for Management Development
(IMD) Business School in Switzerland. She and her family live in Seattle, WA.

Macy’s, Inc., with corporate offices in Cincinnati and New York, is one of the
nation’s premier retailers, with fiscal 2013 sales of $27.931 billion. The
company operates about 840 stores in 45 states, the District of Columbia, Guam
and Puerto Rico under the names of Macy’s and Bloomingdale’s, as well as the
macys.com and bloomingdales.com websites. The company also operates 13
Bloomingdale’s Outlet stores. 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. In light of
these risks and uncertainties, readers are cautioned not to place undue
reliance on forward-looking statements. Except as may be required by
applicable law, Macy’s disclaims any obligation to update its forward-looking
statements for any reason.

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

Contact:

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