Nordstrom Finance Chief Steps Down; Reaffirms FY22 Outlook

• Nordstrom Inc (NYSE: JWN) Chief Financial Officer Anne Bramman has informed the company of her intention to step down from her role, effective December 2, 2022.

• She will remain with the company through reporting third quarter 2022 financial results to facilitate a smooth transition.

• Michael Maher, SVP and chief accounting officer, will assume the role of interim CFO upon Bramman's departure.

• Also Read: This Luxury Retailer Has Analysts Bullish As GenZ, Millennials Aim To 'Refresh Their Closets'

• Maher joined the company in 2009 as Controller and has more than twenty-five years of finance and accounting experience.

• Nordstrom has commenced an internal and external search process to identify a permanent CFO.

• The company has reaffirmed its FY22 financial outlook that was previously provided on August 23, 2022.

• Price Action: JWN shares closed higher by 6.13% at $19.23 on Monday.

• Photo Via Company

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