"Mike is a results-driven leader with a substantial breadth of experience in the retail industry," said Jay Schottenstein, chairman and CEO of DSW Inc. "His strong background and leadership skills will serve us well in our continued growth of the DSW brand."
Mr. MacDonald will assume the position of CEO from Mr. Schottenstein. Mr. Schottenstein will retain the role of chairman. When he joins DSW in April 2009, Mr. MacDonald will report to Mr. Schottenstein and the Board of Directors of DSW Inc.
MacDonald joins DSW from his position as chairman and CEO of Shopko Stores. With over thirty years in the retail industry, his career includes previous executive leadership roles at Saks Inc., Carson Pirie Scott, Marshall Fields and Dayton Hudson Department Stores.
Mr. MacDonald was brought in as head of DSW following a search conducted by Berglass + Associates, an executive search firm known for its work in specialty retail.
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