(Updates with share price movement in first paragraph, biographical details throughout and guidance in the final paragraph.)

Macy's (M) shares were up almost 2% Tuesday after the retail chain said it has hired Thomas Edwards to be its new chief financial officer and chief operating officer, effective June 22.

Thomas shared responsibility as CFO and chief operating officer at Capri (CPRI) since April 2017. Prior to joining the fashion and accessories seller, he was the finance chief at casual dining chain Brinker International (EAT) and also held several finance positions within Wyndham Hotels and Resorts (WH).

Thomas succeeds Adrian Mitchell, who has been chief operating officer at Macy's since 2023 and was named CFO in 2020, joining Macy's from the digital and consumer practices arm of the Boston Consulting Group. Mitchell will be leaving Macy's after the upcoming transition period, the company said.

Macy's also said it was reaffirming its Q1 guidance provided on March 6.

Price: 12.79, Change: +0.23, Percent Change: +1.83