Saks CEO Becomes Chairman of World's Biggest Retail Trade Group

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Published January 14, 2013

| FOXBusiness

Saks (SKS) CEO Stephen Sadove was elected chairman on Sunday to the board and executive committee of the National Retail Federation, the world’s largest retail trade group.

He succeeds Macy’s (M) CEO Terry Lundgren.

Sadove, along with HSN (HSNI) CEO Mindy Grossman, who was elected second vice chair and secretary of NRF’s board, as well as The Container Store CEO Kip Tindell, who was elected first vice chairman and treasurer, join the association’s chief executive, Matthew Shay, in leading the NRF.

Each board officer will serve a two-year term.

“Representing the breadth and diversity of the retail industry from small business owners to global brands, the board will help shape NRF’s strategic objectives and advocacy agenda,” Shay said.

Other newcomers to the board include Random Harvest President Beth Aberg, Crate and Barrel CEO Sasha Bopp, Bon-Ton Stores (BONT) CEO Brendan Hoffman and OfficeMax (OMX) CEO Ravi Saligram.

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http://www.foxbusiness.com/industries/2013/01/14/saks-ceo-becomes-chairman-world-biggest-retail-trade-group/