HBC’s Chief Financial Officer to Take Medical Leave of Absence

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$432/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Return to homepage
Jun 17, 2019 04:30 pm
TORONTO & NEW YORK -- 

HBC (TSX: HBC) today announced that its Chief Financial Officer Ed Record will be taking a medical leave of absence, effective today. In his absence, the company has appointed Becky Roof as Interim CFO.

Ms. Roof is a seasoned financial leader who previously served as interim CFO at a number of large companies and is currently a managing director at the global consulting firm AlixPartners, LLP, where she provides advisory and C-suite interim management services. She brings significant experience and will be supported by HBC’s Finance team and report to Helena Foulkes, Chief Executive Officer.

About HBC

HBC is a diversified retailer focused on driving the performance of high quality stores and their omni-channel platforms and unlocking the value of real estate holdings. Founded in 1670, HBC is the oldest company in North America. HBC's portfolio today includes formats ranging from luxury to premium department stores to off price fashion shopping destinations. HBC's leading businesses across North America include Saks Fifth Avenue, Hudson's Bay, and Saks OFF 5TH. As previously announced, it is currently working with its financial advisors to review alternatives for Lord + Taylor. HBC also has significant investments in joint ventures. It has partnered with Simon Property Group Inc. in the HBS Global Properties Joint Venture, which owns properties in the United States. In Canada, it has partnered with RioCan Real Estate Investment Trust in the RioCan-HBC Joint Venture. HBC previously announced that has entered into a definitive agreement to sell its remaining stake in its German real estate joint venture and divest its related retail joint venture to its partner SIGNA, and that it is working with a financial advisor to review options for its business in the Netherlands.

Investor Relations:
Jennifer Bewley
Phone: (646) 802-4631
Email: [email protected]

Media:
Andrew Blecher
Phone: (646) 802-4030
Email: [email protected]

Comment On!

140
Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).
LinkedIn
StockTwits
Twitter