The Nordstrom brothers are not at the top of the company’s pay list.
Erik and Peter are great-grandsons of the company’s cofounder, John W. Nordstrom, and will meet with shareholders at the company’s annual meeting on May 18.
“The pandemic has revealed the strength of our company culture and the value of knowing what we stand for,” the trio said. “For years, we’ve structured our organization as an inverted pyramid, with the customer at the top, followed by the teams serving those customers, with management supporting their efforts from below. This approach ensures the customer remains at the center of everything we do and encourages our people to support one another in service of a shared goal.
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