Hudson Bay ceo stepping down

-- Home Textiles Today, 4/12/2010 11:34:00 AM

Toronto – Hudson’s Bay Trading Company’s Jeffrey Sherman will retire as president and ceo effective June 1, 2010.

Sherman came out of retirement to rejoin the company in 2008 to re-strategize first Hudson’s Bay, then Lord & Taylor.

“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.