(Reuters) – Saks Fifth Avenue owner Hudson’s Bay Co (TO:) Executive Chairman Richard Baker will take over as chief executive officer, a source familiar with the matter told Reuters on Tuesday.
Current CEO Helena Foulkes, who has been at the helm since 2018, will step down, the source added.
The move comes just days after the company won shareholders’ approval to take the Canadian department store operator private by Baker.
The company declined to comment.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.