HBC Appoints Culhane Chief Financial Officer

Hudson’s Bay Company (HBC) has appointed Michael Culhane as chief financial officer. Culhane brings more than 30 years of finance and accounting experience primarily in the retail sector.

Most recently, Culhane served as CFO at ULINE, Inc., a privately-held shipping and industrial supplies distributor. Previously, Culhane held the role of CFO for The Bon-Ton Stores and Fareportal Inc., an online travel agency. Culhane also served as CFO for HBC and held senior finance roles with The May Department Stores Company.

Richard Baker, HBC’s governor, executive chairman and CEO, said, “With Michael’s extensive professional background and industry expertise, he will be vital to ensuring we maintain our financial discipline as we make investments for the long term. I am pleased to welcome Michael back to HBC and am confident that he is the right leader to help drive performance as we work to evolve HBC and our operating companies for the future.”

Culhane succeeds Ed Record, who is stepping down from the company as planned. Record will remain with HBC for the time being to ensure a smooth transition.