Karen M. Hoguet was elected executive vice president and chief financial officer of Macy's, Inc. in May 2005. She is responsible for all of the company's financial functions, as well as Area Research. Previously, Hoguet served as senior vice president and chief financial officer, a position she had held since 1997. Hoguet joined the company in 1982 from the Boston Consulting Group and served in a range of financial management capacities, including senior vice president for planning and treasurer of the corporation. Mrs. Hoguet is a Phi Beta Kappa graduate of Brown University and received a Master's degree in Business Administration from Harvard University in 1980.