In retail leadership, few figures shine as brightly as Jeffrey Gennette, Chairman of the Board and Chief Executive Officer of Macy’s Inc.
Gennette’s journey from an executive trainee at Macy’s West to the helm of one of the nation’s retail giants is nothing short of remarkable.
With a career spanning nearly four decades, Gennette’s strategic vision and commitment to authenticity have not only elevated him as a prominent leader in the business world but have also made a significant impact on the retail landscape.
As we delve into his biography, we explore the key milestones of his professional journey, his contributions to diversity and inclusion, and the dynamic facets of his personal life that shape the narrative of this influential CEO.
Who is Jeff Gennette?
Jeff Gennette, born on June 20, 1965, in San Diego, California, is a seasoned leader in the retail industry, boasting a career that spans nearly four decades.
His professional odyssey began in 1983 when he initiated a remarkable career path as an executive trainee at Macy’s West in San Francisco.
From these early beginnings, Jeff rapidly ascended the ranks, accumulating valuable experience in merchandising and management roles.
At 58, he serves as the Chairman & CEO of Macy’s, Inc., where he directs the activities of renowned brands like Macy’s, Bloomingdale’s, and Bluemercury.
Additionally, he assumed the position of Chairman of the NRF Foundation Board of Directors in January 2019, further reinforcing his commitment to shaping the future of retail. In June 2019, Jeff expanded his influence by joining the NRF Finance Committee.
Notably, his dedication extends to social responsibility, as evidenced by his involvement in the CEO Action for Diversity & Inclusion Task Force and the Governing Committee for Racial Equity, both roles he assumed in July 2020.
Jeff Gennette’s illustrious career has seen him in pivotal roles, including Chairman & Chief Executive Officer at Macy’s Northwest, Chairman & Chief Executive Officer at Macy’s West, Inc., Executive Vice President & Director-Stores at Macy’s Central LLC, Store Manager at FRED CL HOLDINGS, Inc., and Stores Director at Broadway Stores, Inc.
His journey epitomizes dedication, strategic vision, and a profound commitment to driving positive change within the retail industry and beyond.
How old is Jeff Gennette?
Jeff Gennette, born on June 20, 1965, in San Diego, California, is a 58-year-old leader in the retail industry. Born under the sign of Gemini, Jeff Gennette exhibits the dynamic and adaptable characteristics commonly associated with individuals of this astrological sign.
Having grown up in San Diego. Currently residing in Brooklyn with his family, Jeff’s journey from his Californian roots to his leadership role in the retail sector paints a picture of a multifaceted individual with a rich background and a commitment to excellence.
Jeff Gennette’s Husband and Daughter
Jeff married his longtime boyfriend, Geoff Welch, and they both are openly gay. Jeff Gennette, the CEO of Macy’s, Inc., is not only a trailblazer in the retail industry but also an advocate for authenticity and diversity in his personal life.
In an interview with The Wall Street Journal and Suzanne Kapner, Jeff openly shared his journey as an out gay man in business. Emphasizing the importance of authenticity, he highlights how it enables him to lead with purpose, foster diversity and inclusion, and avoid groupthink within Macy’s, Inc.
Jeff and his husband, Geoff Welch, have been partners for an impressive 32 years, with the last decade marked by their legal marriage. This enduring partnership was acknowledged in an honorary celebration that included notable figures like actor Matthew Broderick and broadcaster Michael Kay.
Alongside his professional accomplishments, Jeff looks forward to dedicating more time to his family, cherishing moments with his daughter Jude and his retired graphics producer husband, Geoff Welch.
Their story reflects not only a commitment to love but also the power of embracing one’s authentic self in both personal and professional realms.
How much is Jeff Gennette’s net worth and salary?
As of July 9, 2023, Jeffrey Gennette, the current Chairman of the Board and Chief Executive Officer at Macy’s Inc, is reported to have an estimated net worth of at least $33.7 million, as Wallmine reports.
Notably, Gennette’s financial acumen is evident in his consistent stock trades, averaging about 28,262 units every 87 days since 2009.
Despite his financial success, Gennette remains invested in the company’s future, still retaining at least 975,813 units of Macy’s Inc stock as of the most recent reporting date.
As the Chairman of the Board and Chief Executive Officer of Macy’s Inc, Jeffrey Gennette commands a total compensation of $10,308,800, making him the highest-paid executive within the company.
These figures not only highlight Gennette’s financial standing within the organization but also emphasize the strategic value and impact he brings to Macy’s Inc in his leadership role.
Jeff Gennette Family
Born to his father, Mr. Gennette, a history teacher, and his mother, Mrs. Gennette, a nursing educator, Jeff was nurtured in an environment that valued academic pursuits and healthcare.
Growing up, he shared his formative years with his siblings, fostering a bond that likely contributed to his holistic perspective.
The amalgamation of a history-teaching father and a nursing-educator mother suggests a household rich in knowledge and compassion, laying the groundwork for Jeff Gennette’s multifaceted approach to leadership and life.