Hudson’s Bay Appoints Foulkes CEO

Hudson’s Bay has appointed Helena Foulkes as chief executive officer, effective February 19, 2018.

Foulkes joins the company from CVS Health, where she served as evp/CVS Health and president of CVS Pharmacy, since 2014, where she led the strategic vision as well as the operations for all aspects of the company’s retail business, as well as merchandising, supply chain, marketing and real estate. Prior to joining CVS in 1992, Foulkes worked at Goldman, Sachs & Co. and Tiffany & Co.

She will be responsible for the global strategy and operations for all Hudson’s Bay banners, overseeing more than 66,000 associates worldwide across a portfolio of more than 480 stores, related e-commerce platforms, supply chain, logistics and technology. Upon joining the company, she will also be appointed to the board of directors. Richard Baker, who has been acting interim CEO, will continue as governor and executive chairman.

“Helena is a transformational leader who will invigorate the business with a new perspective as we position HBC for the future,” said Baker. “Throughout her 25 year tenure in retail, she has a proven track record of making bold, strategic choices that, at their core, put the customer first and have proven enormously impactful to business success. The board and I are thrilled to have Helena take the helm and bring her invaluable experience to the company.”