Nordstrom has appointed Cathy Smith as chief financial officer, effective May 29, it has announced.
Prior to Bright Health, Nordstrom noted, Smith was Target Corp. CFO for five years. She also served as CFO for public companies Express Scripts, Walmart International, Gamestop, Centex, Kennametal, Textron and Raytheon.
“Cathy is a proven and well-respected leader with more than 30 years of financial leadership experience,” said Erik Nordstrom, Nordstrom CEO. “With her impressive record delivering business results at blue chip brands and deep expertise navigating a complex retail environment, we’re confident she will be an excellent addition to our team and will help us achieve our growth priorities.”
The company also announced today that Michael Maher, interim CFO, has informed the company that he will be leaving Nordstrom to pursue other opportunities. Maher will remain with the company through June 16 to help facilitate a smooth transition.
Maher joined Nordstrom in 2009 and the company maintained that he has been instrumental in guiding the company through periods of transformation, including its shift from a store-centric financial model to an omnichannel one, and leading critical finance initiatives through the COVID-19 pandemic. Before he became interim CFO, Maher was Nordstrom’s senior vp and chief accounting officer. He was named to the interim CFO position in October of last year when chief financial officer Anne Bramman informed the company of her intention to leave.
