THE WHAT? Macy’s has announced the appointment of Marie Chandoha and Jill Granoff to its Board of Directors, effective immediately.

THE DETAILS Chandoha brings 35 years of experience in financial services to the table, most recently as CEO of Charles Schwab Investment Management; while Granoff is Managing Partner of Eurazeo and CEO of its Brands division.

THE WHY? Paul Varga, Macy’s, Inc. Lead Independent Director, revealed, “Our ongoing effort to enhance the expertise and diversity of our board is a key pillar of our board’s commitment to support the company’s long-term strategic plan and drive sustainable and profitable growth. Marie and Jill’s appointments underscore this commitment, and we are thrilled to welcome them to the Macy’s, Inc. board.”