US department store Bloomingdale’s will soon have a new chairman and CEO. Macy’s Inc., the parent company of the retail chain, has announced that Tony Spring, 48, will succeed retiring chairman and CEO Michael Gould, 70, as of February 1, 2014.

Gould has held his current position for the past 22 years. “Leading this great brand and organization to a new level of success over two decades has been a great privilege,” he said. “I feel that now is the appropriate time for a change for both the company and myself.”
Michael Gould
Michael Gould

Spring has served as the store’s president and COO since 2008 and began working there as an executive trainee in its White Plains, New York store in 1987. His replacement as president is expected to be named at some point next year.

“Bloomingdale’s has been pursuing multi-dimensional growth opportunities. These include strategic omnichannel integration of 37 Bloomingdale’s stores, and related mobile applications to serve the rapidly evolving nature of consumer demand. In addition, Bloomingdale’s initiated an international store presence in Dubai in 2010, international shipping to more than 100 countries beginning in 2011 and a Bloomingdale’s Outlet store strategy that now includes 13 locations across the US opened over the past three years. We see nothing but continued growth and opportunity ahead,” said Terry Lundgen, chairman, president and CEO of Macy’s Inc.

He added: “Tony Spring also has been an integral part of Bloomingdale’s formula of success for 26 years, and we are excited about his new, elevated role leading this exceptional omnichannel brand going forward.”