Nordstrom chief merchandising officer to retire
Nordstrom Inc. announced on Friday that Teri Bariquit is retiring from her role as chief merchandising officer. She will remain in her role until the company identifies her successor.
Joining Nordstrom nearly 40 years ago, Bariquit has held a variety of leadership roles across the company's merchandising organization, supporting inventory audit, merchandising technology, planning and more, before becoming the company's first-ever chief merchandising officer in 2019.
During her 37-year tenure, Bariquit transformed the company's approach to merchandising, leading the development of a digital-first, omnichannel strategy designed to meet the needs of Nordstrom customers, growing the company's unowned inventory models and supporting significant growth within its designer business. Under her leadership, the company has made critical investments in technology and organizational design within merchandising to fuel its long-term growth, the luxury department store chain in a press release.
"We're extremely grateful for the contributions Teri has made to our company over the past 37 years," said Pete Nordstrom, president and chief brand officer of Nordstrom.
"From her earliest days with the company, Teri has lived our values and led with courage and purpose. During her tenure, she's transformed every element of our merchandising organization and positioned our merchandising team for continued success. The impact Teri has made on our company will last well into the future, and I appreciate the thoughtful approach she has taken to planning her retirement. We wish her the best as she begins this next chapter."
Nordstrom added it has commenced an internal and external search process to identify Bariquit's successor.
"It has been a privilege to spend my career at Nordstrom and work alongside such a talented team – one with a relentless focus on providing customers with the most relevant and inspirational products from the world's best brands," Bariquit said. "I'm confident in the team and strategy that are in place and excited about what's ahead for Nordstrom."
Earlier this month, Nordstrom kicked off the start of 2023 by adding a new member to its board. Atticus Tysen, senior vice president of product development, chief information security, and fraud prevention officer for Intuit, became the 10th member of the Seattle-based retailer's board of directors. The appointment also affords Tysen a 10% ownership of the company, as per the Form 3 SEC document filed on January 3, 2023.
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