HBC Appoints Donald Watros to the Newly Expanded Role of President
Strong Top Management Team Will Lead HBC's Growth as a
North American Fashion Retailer
Hudson's Bay Company (TSX:HBC) ("HBC" or the "Company") announced today
that Donald Watros, currently the Company's Chief Operating Officer, has
been named President of HBC, a newly expanded role. This appointment is
effective on February 1, 2014.
Mr. Watros will continue to report to Richard Baker, Governor and CEO.
Together, Messrs. Baker and Watros continue to constitute HBC's Office
of the Chairman. HBC's retail division presidents, including Marigay
McKee and Liz Rodbell, as well as all corporate executive vice
presidents, including the Chief Operating Officer, Chief Administrative
Officer and Chief Financial Officer, will report to both Mr. Baker and
Mr. Watros. The Company's retail brands include Hudson's Bay, Lord &
Taylor, Saks Fifth Avenue, Saks OFF5th and Home Outfitters.
"Don Watros' role as President is integral to a new, robust leadership
structure that will focus on managing and growing HBC along with its
strong and expanding portfolio of brands," said Richard Baker. "Don's
significant retail experience combined with his track record of
operational excellence were key in selecting him for this important role
and will further our development as a premier North American fashion
retailer," he added.
"I am privileged to have the opportunity to work with Richard and our
exceptional team to drive the future growth and value of HBC and our
individual banners," Mr. Watros commented. "As a veteran of both HBC and
Saks, I will pay particular attention to integrating and delivering on
the exciting promise of our merger, while also helping to support all
our retail brands and shared services units and to guide the progress of
the Company overall."
Donald Watros was appointed Chief Operating Officer of Hudson's Bay
Company in April 2009. Prior to that appointment Mr. Watros worked at
NRDC Equity Partners LLC. He previously held various management
positions at May Department Stores and served as Chief Administrative
Officer of Saks Fifth Avenue.
About Hudson's Bay Company
Hudson's Bay Company (HBC), founded in 1670, is North America's longest
continually operated company. Today, HBC offers customers an
unparalleled range of retailing categories and shopping experiences
internationally. In Canada, HBC operates Hudson's Bay, Canada's largest
department store with 90 full-line locations and one outlet store as
well as thebay.com,
unsurpassed in its fashion, beauty, home and accessory designers and
brands. HBC also operates Home Outfitters, Canada's largest home
specialty superstore with 69 locations across the country.
In the United States, HBC operates Saks Fifth Avenue, one of the world's
pre-eminent specialty retailers, renowned for its superlative designer
collections and first-rate fashion expertise. Saks Fifth Avenue
comprises 41 full-line stores in 22 states, five international licensed
72 Saks Fifth Avenue OFF 5TH stores and saksoff5th.com.
HBC also operates Lord & Taylor, a leading department store chain with
49 full-line store locations throughout the northeastern United States,
in two major cities in the Midwest and in Boca Raton, Florida, and lordandtaylor.com. Hudson's
Bay Company banners provide stylish, quality merchandise with a
dedicated focus on service excellence. Hudson's Bay Company trades on
the Toronto Stock Exchange under the symbol "HBC".
Hudson's Bay Company
Senior Vice President, Treasury & Investor Relations
Lividini & Co.
Blecher, (212) 252-7504
Colbourne, (416) 560-7794
Source: Hudson's Bay Company
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