Hudson Bay ceo stepping down
April 12, 2010,
Toronto – Hudson’s Bay Trading Company’s Jeffrey Sherman will retire as president and ceo effective June 1, 2010.
“Jeff has built a strong leadership team of retail presidents who effectively re-positioned the company with consumers, improved the overall financial performance and structure of the organization and led our team through the enormously successful Olympic program that captured the hearts and hands of Canadians,” said Richard Baker, chairman and ceo, Hudson’s Bay Trading Company and governor, Hudson’s Bay Company.
There are no plans to replace Sherman, according to the company.
“I look forward to my retirement knowing that I leave the future of the company in very capable hands,” said Sherman.