Starting July 9, 2018, Paula Price will serve as Macy’s, Inc. Chief Financial Officer. Price succeeds Karen Hoguet, who plans to retire at the end of the 2018 fiscal year. Before this upcoming role, Price has had 30 years of experience in finance roles, especially in retail and consumer-facing business. She currently lectures full-time at Harvard Business School in the accounting and management department.
In her new role as CFO, Price will be leading finance, accounting, investor relations and internal audit functions, according to Business Wire. The role will be based in New York.
After obtaining an M.B.A. in finance and strategy from the University of Chicago, a bachelor’s degree in accounting from DePaul, and being certified as a public accountant, she held roles as chief financial officer of Ahold USA, senior vice president, controller and chief accounting officer for CVS Caremark Corporation and even senior-level roles at companies such as JPMorgan Chase, Diageo, Kraft Foods and Sears. Her career began at Arthur Andersen & Co.
Some of her biggest career highlights include developing and executing a $1 billion program to fund Ahold USA’s growth initiatives with customer loyalty and e-commerce strategies. She also contributed to executing the CVS/Caremark merger.
Price sits on the corporate boards of Accenture Plc, Dollar General and Western Digital. She’s board director of Beaver Country Day School, Big Brothers Big Sisters of Massachusetts Bay and Blue Cross Blue Shield of Massachusetts.
