Macy’s hires Douglas W. Sesler as Top Retail Estate Executive

By

Obi Anyanwu

Published
Apr 4, 2016

Macy’s, Inc. announced Monday that it has hired Douglas W. Sesler as Executive Vice President for Real Estate, effective tomorrow.

 
Sesler is a recognized leader in real estate investments, restructurings, strategic transactions and portfolio management. At Macy’s, he will oversee the company’s real estate function and lead high-priority initiatives to increase shareholder value through real estate strategies, including creating potential joint ventures or other partnerships involving the company flagship locations and mall-based properties.
 
Sesler will report directly to Macy’s Chairman and Chief Executive Terry J. Lundgren and will work closely with the company’s investment banking advisors, including Eastdil Secured, Credit Suisse and Goldman Sachs.

Most recently, Sesler was President of True Square Capital LLC, a real estate investment and advisory firm. He also served at Bank of America Merrill Lynch International Ltd., Citigroup, Travelers Realty Investment Company and began his career in real estate roles at Chemical Bank.
 
Sesler’s appointment comes two months after activist investor Starboard Value LP urged Macy’s to spin off its real estate assets, which is valued at $21 billion.