Article: HUDSON'S BAY CO. TAPS NEW PRESIDENT.(Robert Johnston)(Brief article)

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 ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!