Macy’s Picks Former Capri Executive to Fill COO, CFO Roles (1)

Macy’s Inc. hired a top executive from Capri Holdings Ltd., the owner of the Michael Kors brand, to play a key role in the department store’s turnaround bid.

Thomas J. Edwards will take over as Macy’s chief financial officer and chief operating officer on June 22, according to a company statement. He holds the same roles at Capri and will be replacing Macy’s current CFO and COO, Adrian Mitchell, who will depart on June 21.

Macy’s shares rose 3.1% at 9:50 a.m. in New York trading. Capri fell 0.7%.

The department-store operator, led by Chief Executive Officer ...