Nordstrom, Inc. announced the appointment of Cathy R. Smith as chief financial officer, effective May 29, 2023. Smith joins Nordstrom from Bright Health Group where she has served as chief financial and administrative officer since 2020. In this role, Smith will be responsible for financial planning and analysis, accounting, tax, internal audit, treasury, investor relations and strategic sourcing. Prior to Bright Health, Smith worked as the chief financial officer for Target Corporation for five years. During that time, Target achieved double-digit revenue and EPS growth.

Before Target, Smith served as CFO for public companies Express Scripts, Walmart International, Gamestop, Centex, Kennametal, Textron and Raytheon. She currently serves on the boards of directors at PPG Industries and Baxter International. Previously, Smith served as a director for Dick's Sporting Goods. Smith received an MBA from the University of Southern California and a bachelor's degree in business economics from the University of California, Santa Barbara. Nordstrom also announced that Michael Maher, interim CFO, has informed the company that he will be leaving Nordstrom to pursue other opportunities.

He will remain with the company through June 16 to help facilitate a smooth transition.  Maher joined Nordstrom in 2009 and has been instrumental in guiding the company through periods of transformation, including the company's shift from a store-centric financial model to an omnichannel one, and leading critical finance initiatives throughout and following the pandemic. On May 8, 2023, Michael Maher, the Company's Interim Chief Financial Officer, Chief Accounting Officer and Treasurer, informed the Company of his intention to step down from his role following the filing of the Company's Quarterly Report on Form 10-Q for the current quarter, anticipated to be on or about June 7, 2023. Mr. Maher's resignation is not the result of any dispute or disagreement with the Company, including with respect to any matters relating to the Company's accounting practices or financial reporting.