Home » Black executive Adrian Mitchell earns a $3.1-million salary from Macy’s

Black executive Adrian Mitchell earns a $3.1-million salary from Macy’s

by Feyisayo Ajayi
Adrian Mitchell

One of America’s leading Black Executives, Adrian Mitchell, the chief operating officer and chief financial officer of Macy’s Inc., received a total compensation package of $3.08 million from the American largest department store.

Mitchell — who became Macys’ COO and CFO in March 2023 — received a compensation package that includes a base salary of $0.84 million and a performance-based short-term incentive of $0.46 million — a direct reflection of his joint role in leading the department store toward impressive financial milestones in 2022.

The highly accomplished corporate executive also received a long-term incentive award of $1.76 million —h ighlighting his unwavering dedication and expertise as a seasoned business executive

From BCG to Macy’s: Mitchell’s journey as CFO unleashes retail revolution

Mitchell, Macy’s chief operating and financial officer since March 2023, oversees a vast swathe of the iconic department store’s operations, from brick-and-mortar stores and supply chains to technology, real estate, and financial functions. His unwavering dedication and proven business acumen have been instrumental in driving Macy’s success. 

Joining Macy’s in November 2020, Mitchell’s career prior boasts a diverse tapestry of retail experience. As Managing Director and Partner in the Digital BCG and Consumer Practices of Boston Consulting Group, he honed his digital and consumer expertise. Renowned companies like REI Co-op, Arhaus LLC, and Crate and Barrel also mark his path.

Mitchell’s dual role and personal investment in Macy’s success

Macy’s has recorded impressive financial results under Mitchell’s strategic guidance, with retained earnings surging 18.98 percent year-over-year to $6.27 billion. This robust growth showcases Mitchell’s adept financial leadership and underscores his commitment to Macy’s sustained success. 

Beyond his executive role, Mitchell holds a minority stake in the company, owning 0.029 percent of Macy’s ordinary shares (78,386 shares, currently valued at $1.55 million). This personal investment further aligns his interests with those of shareholders and reinforces his dedication to driving Macy’s long-term value. 

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