M•Macy's named Deirdre P. Connelly lead independent director effective December 12, 2026, succeeding Paul C. Varga, who will resign from the board effective December 11. The board will have nine directors after the changes.
Macy's named Deirdre P. Connelly lead independent director, effective December 12, 2026, succeeding Paul C. Varga. Varga notified the company on October 23, 2026, that he would resign from the board effective December 11.
Varga has served as a director since 2012 and lead independent director since 2021. The board will have nine directors effective December 11, 2026. Macy's said the changes reflect regular succession planning and that Varga's resignation was not due to disagreements with the company, board or management.
