HBC gets new CEO
A veteran of the U.S. retail industry is the new chief executive at Hudson's Bay Co.
Richard Baker, the governor of HBC, said Thursday that Jeffrey Sherman has been appointed to the post.
Sherman arrives at HBC from Polo Ralph Lauren Corp., where he was president and chief operating officer of Polo Retail Group. Sherman oversaw the company's retail stores in the U.S., Europe and Asia, Club Monaco and ralphlauren.com.
Previously in his 30-year career, Sherman was the CEO of the The Limited stores and the president of Bloomingdales.
Sherman will oversee all of HBC's divisions, including The Bay, Zellers, Home Outfitters and Fields.
On Wednesday, NRDC Equity Partners announced it had acquired HBC. NRDC is the owner of Lord & Taylor, an upscale 47-store chain in the U.S.
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