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Nordstrom confirms its financial outlook for fiscal year 2022

StyleNordstrom confirms its financial outlook for fiscal year 2022

Anne Bramman, Chief Financial Officer of Nordstrom, has notified the business of her desire to resign, as reported by Nordstrom, Inc. To ensure a seamless transition, she will stay with the firm until the third quarter 2022 financial reports are released. She will leave the firm on December 2, 2022.

“Anne is an exceptional CFO. Since her appointment as CFO in 2017, Anne’s leadership has been instrumental in many areas, especially in navigating the numerous challenges of the past few years,” said Erik Nordstrom, CEO of Nordstrom, Inc. As a consequence of Anne’s leadership throughout the epidemic, Nordstrom has the financial stability and adaptability to effectively navigate a shifting climate. She also supported a number of strategic projects to increase profitability and build skills that will power our company’s long-term expansion. Anne has raised the financial department via her dedication to excellence and talent development. We wish her the best as she moves on.”

“It’s been an honour to collaborate with our leadership team and the many outstanding folks across the firm,” Bramman said. “Because Nordstrom is poised for success, I believe it is the appropriate moment for me to shift to the next phase of my career.”

Upon Bramman’s departure, Michael Maher, senior vice president and chief accounting officer of Nordstrom, will take the post of temporary CFO. The retailer has initiated an internal and external hunt for a permanent CFO.

Maher joined Nordstrom as controller in 2009 and has more than 25 years of expertise in finance and accounting. He is responsible for accounting, financial planning and analysis, company growth, treasury, and investor relations in his role as chief accounting officer. Prior to his appointment as chief accounting officer of Nordstrom in 2020, Maher held the position of senior vice president of finance from 2017 to 2020. From 2011 through 2017, he worked a variety of financial leadership positions at Nordstrom.

“Nordstrom is fortunate to have a strong reserve of skilled executives,” said Nordstrom. Michael’s expertise of the Nordstrom company and more than two decades of relevant experience will aid in the continuous execution of our financial initiatives as we seek for our new chief financial officer.

The business reaffirms its financial projection for fiscal year 2022, which was originally disclosed on August 23, 2022.

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