Intuit CEO Brad Smith Joins Nordstrom Board of Directors
SEATTLE--(BUSINESS WIRE)--Jun. 26, 2013--
Seattle-based Nordstrom,
Inc. (NYSE:JWN)
announced today the appointment of Brad Smith, Intuit Inc. president and
chief executive officer, to the company’s Board of Directors. His
addition brings the total number of directors to 12, nine of whom serve
as independent directors. Nordstrom directors serve one-year terms and
the company requires annual elections of all Board members.
Smith was named president and chief executive officer of Intuit in
January 2008, culminating a five-year rise through the company where he
successfully led several of its major businesses. Today, Intuit
simplifies the business of life for more than 60 million consumers,
small businesses, financial institutions and accounting professionals
around the world.
Under Smith’s leadership, Intuit has a renewed startup mentality,
despite being a 30-year-old Silicon Valley company. That mindset,
combined with the ability to reinvent and transform itself along the
way, has helped establish Intuit as an innovative company with more than
$4 billion in annual revenue and 8,500 employees around the world.
Before joining Intuit, Smith served in a variety of sales, marketing and
management roles with ADP, PepsiCo, Seven-Up and Advo, Inc. He is also a
former director of Yahoo! Inc.
“Brad adds to the already strong talent and diverse expertise
represented on our Board,” said Enrique Hernandez, Jr., Chairman of the
Board of Directors for Nordstrom. “In addition to his corporate
governance experience as a public company director, he brings an
impressive track record of leading a successful customer-driven business
with a reputation for developing innovative products and solutions.
We’re delighted to have him on our team and look forward to his
contribution as we work to improve the service experience and extend our
reputation with customers and shareholders alike.”
About Nordstrom
Nordstrom,
Inc. is one of the leading fashion specialty retailers based in the
U.S. Founded in 1901 as a shoe store in Seattle, today Nordstrom
operates 248 stores in 33 states, including 117 full-line stores, 127 Nordstrom
Racks, two Jeffrey
boutiques, one treasure&bond
store and one clearance store. Nordstrom also serves customers through
Nordstrom.com and through its catalogs. Additionally, the Company
operates in the online private sale marketplace through its subsidiary HauteLook.
Nordstrom, Inc.’s common stock is publicly traded on the NYSE under the
symbol JWN.
Source: Nordstrom, Inc.
Nordstrom, Inc.
INVESTOR CONTACT:
Trina Schurman, 206-233-6503
or
MEDIA
CONTACT:
Colin Johnson, 206-303-3036
