planned exit comes as Macy's, like other U.S. companies,
struggles with the fallout of the coronavirus pandemic that has
forced it to furlough almost all of its 130,000 employees and
tap its credit-line.
Price will continue to be a "critical" part of the plan to
emerge out of the pandemic, Chief Executive Officer Jeff
Gennette said in a statement on Tuesday.
Price will step down from her role as finance head on May 31,
but will remain as an adviser through November, the company
said, adding that an external search is underway for a
Shares of Macy's, which have lost nearly two-thirds of their
value this year, were up nearly 10% in premarket trading.
(Reporting by Aishwarya Venugopal in Bengaluru; Editing by
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