Nordstrom, Inc. announced that its CFO, Anne Bramman, had informed the company that she was resigning effective December 2. Bramman will remain through the reporting of Nordstrom’s third-quarter 2022 financial results.
“Anne is an outstanding CFO. Since she was named CFO in 2017, Anne’s leadership has been vital in helping us in many areas, particularly navigating the numerous challenges of the last few years,” said Erik Nordstrom, CEO, Nordstrom, Inc. “I’d like to thank Anne for her deep commitment to our customers, our employees, our shareholders, and our values. As a result of Anne’s guidance through the pandemic, Nordstrom has the financial strength and flexibility to successfully manage through a changing environment. She also sponsored multiple strategic initiatives to improve profitability and develop capabilities to fuel our long-term growth. Anne has elevated the finance organization through her commitment to excellence and talent development. We wish her well as she takes this next step.”
Michael Maher, Nordstrom’s senior vice president and chief accounting officer, will assume the role of interim CFO when Bramman leaves the company. Nordstrom has started an internal and external search to identify a permanent CFO.
Maher joined Nordstrom in 2009 as controller and has more than 25 years of finance and accounting experience. As chief accounting officer, he is responsible for accounting, financial planning and analysis, business development, treasury, and investor relations. Before he was appointed Nordstrom’s chief accounting officer in 2020, Maher was the senior vice president, finance, for Nordstrom from 2017 to 2020. From 2011 to 2017, he held various finance leadership roles for the Nordstrom business.
“We are fortunate to have a deep bench of talented leaders at Nordstrom,” Nordstrom added. “Michael’s knowledge of the Nordstrom business and more than two decades of related experience and will support the continued execution of our financial priorities as we conduct a search for our next CFO.”
The company reaffirmed its fiscal year 2022 financial outlook previously provided on August 23, 2022.
Photo courtesy Nordstrom
