Nordstrom Brothers to Share Co-Presidency of Company

by Harry Sheff

Nordstrom-logo.jpgBlake Nordstrom, Pete Nordstrom and Erik Nordstrom have been named co-presidents of Nordstrom Inc. by the company’s board of directors. The change in titles does not affect their responsibilities or compensation, the company said.

“Blake, Pete and Erik have supported the business as a team for many years, leading the executive team and company, and together have been involved in all major decisions. This shared leadership structure reinforces their approach to leading Nordstrom,” said Nordstrom chairman Enrique Hernandez, Jr. “The board has complete confidence in their work as a team. The co-presidents will continue to operate with clearly defined roles to deliver the company’s strategy as we focus on serving customers and optimizing shareholder value.”

Blake Nordstrom, 53 has been president of the company since 2000. Pete Nordstrom, 52, has been EVP since 2000 and became president of merchandising in 2006. Erik Nordstrom, 50, has been president of Nordstrom Direct since last year and has been an EVP since 2000. All three brothers are on the company board.

Nordstrom operates 303 stores in 38 states and Canada, including 116 Nordstrom stores, 177 Nordstrom Rack stores, two Jeffrey boutiques and a clearance store. The company also owns HauteLook and Trunk Club.