Credendino Takes Over from Retiring Laura Miller

  • Macy’s promotes Keith Credendino to Chief Information Officer
  • Credendino replaces retiring Laura Miller on August 3rd
  • Credendino has experience from Inspire Brands, The Home Depot, and InterContinental Hotels Group
  • He played a role in launching Macy’s and Bloomingdale’s websites redesigns
  • Macy’s is undergoing a $6.6 billion takeover bid
  • Company plans to close 150 locations over the next three years

Macy’s Inc. has promoted Keith Credendino to the role of Chief Information Officer, effective August 4th, following the retirement of current CIO Laura Miller. Credendino has been with Macy’s for over two years and previously held tech roles at Inspire Brands, The Home Depot, and InterContinental Hotels Group. He played a key role in launching the company’s marketplace and redesigning Macy’s and Bloomingdale’s websites. Macy’s is currently undergoing a $6.6 billion takeover bid and plans to close 150 locations over the next three years.

Factuality Level: 8
Factuality Justification: The article provides accurate and relevant information about Keith Credendino’s promotion to chief information officer at Macy’s Inc., his background and experience, as well as the company’s recent changes in leadership and store closures. It also mentions the ongoing takeover bid and financial metrics. However, it includes a brief mention of unconfirmed reports which may be considered speculative.
Noise Level: 3
Noise Justification: The article provides relevant information about a leadership change within Macy’s Inc., including the promotion of Keith Credendino as Chief Information Officer and some details about his background. However, it also includes unrelated information about the company’s financial metrics and store closures which may not be essential for understanding the main topic.
Financial Relevance: Yes
Financial Markets Impacted: Macy’s Inc.
Financial Rating Justification: The article discusses Macy’s Inc.’s leadership changes, including the promotion of Keith Credendino to chief information officer and the closure of 150 locations over the next three years. This impacts financial metrics such as comps (comparable store sales) and potentially affects the company’s stock price in financial markets.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the article. The information provided discusses changes in leadership and business decisions within Macy’s Inc., including a takeover bid, board shakeup, and store closures.

Reported publicly: www.retaildive.com