Macy’s appoints Ashley Buchanan and Tracey Zhen to board

By

Jennifer Braun

Published
Oct 6, 2021

Macy’s Inc. announced on Tuesday the appointment of Ashley Buchanan, chief executive officer of The Michaels Companies, and Tracey Zhen, president of Zipcar, to its board of directors. 

As CEO of Michaels since early 2020, Buchanan brings his expertise in reimagining the omnichannel experience and strengthening store business that resulted in record growth, as well as financial and operational performance. He previously served in various roles at Walmart, including as chief merchant for the U.S. e-commerce business where he introduced an omnichannel approach to the country’s largest employer.

Likewise, Zhen, who oversees all facets of the business in her role at Zipcar, the world’s leading car-sharing network, is focused on leveraging innovation and technology to grow Zipcar’s position as a category leader. She brings more than 20 years of experience in leadership roles at consumer technology companies, including TripAdvisor and Expedia, where she held general management positions.

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With the addition of Buchanan and Zhen, the Macy’s board will comprise 12 members. Buchanan will serve on the audit committee and Zhen will serve on the nominating and corporate governance committee.

“We are very pleased to welcome these two proven and innovative leaders to the Macy’s Inc. board of directors. Ashley and Tracey bring valuable and highly relevant expertise that will help our company continue to execute our Polaris strategy and drive growth,” said Jeff Gennette, chairman and chief executive officer of Macy’s. 

“Our board and overall organization will benefit from their fresh perspectives as we continue to advance our integration of innovative digital shopping and compelling stores to most effectively meet the needs of our current and future customers, from off-price to luxury.”