Adidas and Stepn Unveil NFT Sneakers in Trailblazing Web3 Partnership 
Japan Posts 7.7% Growth in Machinery Orders 
Walmart’s Director and Heir Rob Walton to Step Down From Board 
China’s new world order: looking for clues from Xi’s recent meetings with foreign leaders 
Why Africa can be the beating heart of South Korea’s technology industry 
McDonald's Korea Launches 'Mom's Bed' Campaign Highlighting Caregiver Hardships 
Inflation is slowly falling, while student debt is climbing: 6 graphs that explain today’s CPI 
Samsung's Lee Jae-Yong Forges Strategic AI Chip Production Alliance With ZEISS 
Tous Les Jours Expands Global Franchise Business, Opening Five Stores in Cambodia 
Industry shutdowns are messy and painful: 4 lessons Australia’s coal sector can learn from car-makers about bowing out 
LG Uplus, Kakao Mobility EV Charging Joint Venture Approved by the FTC 
Remy Cointreau Surprises with Lesser Decline in Sales Thanks to China Boost 
OpenAI and Worldcoin Eye Strategic Partnership Amid Regulatory Gaze 
Court Documents Unveil $1 Billion Annual Revenue of Shell's Oil Trading Business in US 
Vivendi Reveals Assessment to Split the Company is Ongoing 
Musk Engages China: Baidu’s Data Deal and High-Stakes Hotel Meet with CATL 
Nordstrom, an American luxury department store chain headquartered in Seattle, Washington, announced it appointed its new chief financial officer. It has named Cathy Smith, a former executive at Target Corp., as the new CFO who will replace Michael Maher, who is set to vacate his office on May 29.
Maher is currently in the role of interim finance chief, and he took over the job from Anne Bramman, who was also an interim. She stepped down in December 2022.
With the appointment of Smith, she will become the first permanent CFO of Nordstrom since Bramman left. Before joining the company, she has been serving as an administrative officer and CFO at Bright Health Group Inc. since 2020. She also previously worked at Target for five years in the same role.
As per WWD, Smith will assume the post of finance chief at Nordstrom on May 23, less than a week before Maher officially exits the company. The outgoing interim CFO decided to leave the department store chain to pursue other opportunities. Then again, he will continue to work in the company until June 16 to ensure a smooth transition.
Once Smith starts to work, she will be responsible for many facets of the finance unit, such as financial planning and analysis, tax, treasury, accounting, investor relations, internal audit, and strategic sourcing.
"Cathy is a proven and well-respected leader with more than 30 years of financial leadership experience," Nordstrom’s chief executive officer, Erik Nordstrom, said in a press release. "With her impressive record delivering business results at blue chip brands and deep expertise navigating a complex retail environment, we are confident she will be an excellent addition to our team and will help us achieve our growth priorities."
Smith also commented, "Nordstrom is an iconic brand with a relentless focus on customers. I look forward to working alongside the talented Nordstrom team to drive growth and profitability and to deliver for our customers."
Photo by: Mauro Arrue/Unsplash
