Wednesday May 7th, 2014 - 9:24AM
Hudson's Bay Company announced today that Paul Beesley is joining the company as CFO, effective June 2014.
Beesley will report to HBC's Office of the Chairman, which consists of Richard Baker, governor and CEO, and Donald Watros, president. Watros also has been serving as HBC's interim CFO and will relinquish that role when Beesley joins the company.
Beesley, is a senior executive with extensive experience in financial management and strategic development across a range of leading Canadian-based companies, according to HBC. From 2000 to 2014, he served in a number of executive roles with Empire Company Limited, a corporation with annual sales in excess of $19 billion and operations in retailing and related real estate, including Chief Corporate Development Officer of the Sobeys Inc. unit and evp/CFO of Empire.
Prior to Empire, Beesley was vp/CFO of The Globe and Mail Company, and previously held finance, operational and strategic planning positions with Delrina Corporation, Suncor Energy and Varity Corporation.
Baker said, "Paul Beesley is an accomplished professional who has contributed to the financial, strategic and operational progress of several leading corporations. His broad range of capabilities includes expertise in finance, capital markets and REITs. We are pleased to have Paul join HBC to help provide world-class fiscal leadership as we continue our development as a premier North American fashion retailer."
"My new position with Hudson's Bay Company affords the opportunity to join one of the most exciting companies in the retail sector. I look forward to working with the HBC team to deliver on the company's strategic goals and to help drive its performance and shareholder value," said Beesley.