Macy's Lundgren Honored by Columbia Business School

Terry LundgrenTerry Lundgren

NEW YORK-Terry Lundgren, chairman, president and CEO of Macy's Inc., has been awarded the Deming Cup by Columbia Business School.

The Deming Cup, awarded by Columbia Business School's W. Edwards Deming Center for Quality, Productivity and Competitiveness, is given annually to an individual who has made "outstanding contributions" in the area of operations and has established "a culture of continuous improvement" within his or her organization, the school said in a statement.

Lundgren was recognized for "effectively navigating Macy's Inc. through periods of profound change. This included nearly doubling the size of the retailer through acquisitions and implementing a fundamental reorganization of its operating structure."

Ratan Tata, chairman of Tata Sons Limited, also received the award this year.

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