Nordstrom CFO Anne Bramman will step down from the role she has filled since 2017 on Dec. 2, 2022, which will allow her to stay through the retailer’s Q3 2022 financial reporting. SVP and Chief Accounting Officer Michael Maher will step into the role on an interim basis while the company conducts an internal and external search for a permanent CFO.
“As a result of Anne’s guidance through the pandemic, Nordstrom has the financial strength and flexibility to successfully manage through a changing environment,” said Erik Nordstrom, CEO of Nordstrom in a statement. “She also sponsored multiple strategic initiatives to improve profitability and develop capabilities to fuel our long-term growth.”
Over the course of her 33-year career, Bramman has worked in different areas of finance with companies including Henri Bendel and Victoria’s Secret when the brands were part of L Brands. Bramman served as CFO and SVP of Carnival Cruise Line from 2010 to 2015 and Avery Dennison from 2015 to 2017. She is also a Board Director and Audit Committee Member of McCormick & Company.
Maher has more than 25 years of finance and accounting experience and joined Nordstrom in 2009 as controller. From 2011 to 2017, he held a number of finance leadership roles at the company before becoming the SVP of Finance in 2017 and Chief Accounting Officer in 2020.
“We are fortunate to have a deep bench of talented leaders at Nordstrom,” said Nordstrom. “Michael’s knowledge of the Nordstrom business and more than two decades of related experience will support the continued execution of our financial priorities as we conduct a search for our next CFO.”
In an interview with Fortune, Bramman revealed that she will take a sabbatical and spend time with her family before searching for a role with a company where she can “build and grow a business and a leadership team.”