Former Macy’s, Neiman Marcus CEO joins SMH Foundation board

A former CEO and board chairman of department store giant Macy’s, Terry Lundgren, has been named to the board of the Sarasota Memorial Healthcare Foundation.

The foundation is the philanthropic partner of the Sarasota Memorial Health Care System. The organization, with $130.8 million in assets in its most recent fiscal year according to public tax filings, supports and enhances SMH’s patient care, facilities and technology, clinical education, and medical research.

Lundgren was chairman and CEO of Macy’s Inc. for 14 years before retiring as executive chairman in January 2018. He also served as president of the company and its chief merchandising officer. He joined the company in 1974, when it was under the name Federated Department Stores. Lundgren was also previously chairman and CEO of Neiman Marcus, working there in executive roles in the late 1980s and early 1990s. He has a home on Casey Key, according to Sarasota County property records. 

“We are honored and delighted to welcome Terry to our board,” Healthcare Foundation Chair Deb Kabinoff says in the release. “Celebrated as a bold leader, innovator and philanthropist, he will undoubtedly help propel our mission forward, ensuring our health system continues to deliver healthcare excellence to our community today and for generations to come.”

Lundgren is the founder and CEO of TJL Advisors LLC and is on the board of Procter & Gamble. During his career, he served on the boards of Kraft and Mondelez Food, the release states, in addition to the Federal Reserve Bank of New York. He also served twice as chair of the National Retail Federation and chaired the Economic Club of New York.

The Healthcare Foundation board has 19 members.