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Article: HUDSON'S BAY CO. TAPS NEW PRESIDENT.(Robert Johnston)(Brief article)
- Article from:
- WWD
- Article date:
- August 17, 2007
- Author:
CopyrightCOPYRIGHT 2007 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Brian Dunn
MONTREAL - Jerry Zucker, the South Carolina businessman who bought Hudson's Bay Co. last year and took it private, has replaced his most senior executive with his closest business ally in a move seen as the first of many changes.
Michael Rousseau, who was part of the HBC executive team that initially fought Zucker's takeover of the retailer, has been replaced as president by Robert Johnston, a vice president of Zucker's InterTech Group of Charleston, S.C. Johnston will relocate to Toronto with his family.
HBC, which runs the Bay department stores, Zellers discount stores and Home Outfitters, has been struggling recently and ...
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