Retail Traffic

Federated's New CEO

Terry Lundgren, president, COO and chief merchandising officer for Cincinnati-based Federated Department Stores, has been elected by the company’s board of directors to succeed James Zimmerman as CEO, effective this week. Zimmerman will remain as chairman, while Lundgren will assume the new title of president and CEO. Under the new corporate structure, five corporate vice chairs will report directly to Lundgren.

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