SEATTLE, Feb. 27, 2019 /PRNewswire/ -- Seattle-based
Nordstrom, Inc. today announced the appointment of two new members
to its board of directors: Kirsten
Green, Forerunner Ventures founder and managing director
and Glenda McNeal,
American Express Company Enterprise Strategic Partnerships
president.
Green launched San
Francisco-based Forerunner Ventures in 2010 which is one of
the most successful women-founded venture capital firms in Silicon
Valley. The firm specializes in understanding today's consumer and
is dedicated to investing in ambitious entrepreneurs who define and
dominate a new generation of commerce. From B2C to B2B companies,
their portfolio includes retailers like Bonobos, Dollar Shave Club,
Jet and Warby Parker. Green has led
efforts to raise more than $650M
investing in more than 80 companies. She currently serves as a
member of the board of directors at Glossier, Outdoor Voices,
Ritual, Inturn and Indigo Fair,
among other Forerunner portfolio companies. Prior to Forerunner she
was an equity research analyst and investor at Banc of America
Securities (formerly Montgomery Securities) covering
publicly-traded retail and consumer stocks.
McNeal currently leads American Express' strategy, negotiations
and key initiatives for the company's strategic relationships,
including the largest travel, e-commerce, technology and retail
partners. In prior roles, McNeal has led the company through
pivotal transformation and growth, including expansions into new
industries that do not typically accept credit cards. She has held
a variety of roles of increasing responsibility since first joining
American Express in 1989. McNeal currently serves on the boards of
RLJ Lodging Trust and the World Travel & Tourism Council.
"As Nordstrom focuses on its ambition to be the best fashion
retailer in a digital world and achieving its long-term financial
commitments, we're pleased to welcome both Kirsten and Glenda to
our board of directors," said Brad
Smith, chairman of the Nordstrom board. "The unique
perspectives and experiences they bring to Nordstrom will continue
to support our efforts to meet the ever-changing needs of our
customers, enabling them to shop where, how and when they
choose."
The company also shared that Phil
Satre, current independent director, announced he will not
seek re-election and his term will end in May. Satre was appointed
to the board in 2006.
"We want to thank Phil for his many years of service to the
company," said Smith. "His leadership has been invaluable, and we
are grateful for his many contributions."
The two appointments and Satre's retirement from the board in
May will bring the total number of directors to 11, nine of whom
serve as independent directors. Nordstrom is committed to diverse
workforce representation across all business areas, and at every
level of leadership. Nordstrom believes having a diverse workforce
and a culture of inclusion fosters innovation, enables it to better
serve customers and strengthens its ability to attract and retain
top talent. Five of the company's board of directors are female and
three are people of color. Nordstrom directors serve one-year terms
and the company requires annual elections of all Board members,
which will take place at the annual shareholders' meeting on
May 23, 2019.
About Nordstrom
Nordstrom, Inc. is a leading fashion
retailer based in the U.S. Founded in 1901 as a shoe store in
Seattle, today Nordstrom operates
379 stores in 40 states, including 121 full-line stores in
the United States, Canada and Puerto
Rico; 244 Nordstrom Rack stores;
three Jeffrey boutiques; two clearance stores; six Trunk
Club clubhouses; and three Nordstrom Local service concepts.
Additionally, customers are served online through Nordstrom.com,
Nordstromrack.com, HauteLook and TrunkClub.com. Nordstrom,
Inc.'s common stock is publicly traded on the NYSE under the symbol
JWN.
Jennifer Tice Walker
NordstromPR@Nordstrom.com
1-877-746-6228
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SOURCE Nordstrom, Inc.