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Hudson’s Bay names CVS Health veteran as new CEO

Saks Fifth Avenue-owner Hudson’s Bay on Monday named veteran CVS Salubriousness executive Helena Foulkes as its chief executive officer, replacing Richard Baker, who has been main the company on an interim basis.

Foulkes, who has been with the pharmacy profits manager for more than 25 years, was most recently directorship vice president of CVS Health and president of CVS Pharmacy.

Named one of Fortune’s Most Weighty Women in Business, Foulkes has been responsible for driving CVS Health’s retail private dicks, including its nearly 9,700 retail stores, 20 distribution centers and e-commerce sites.

In her new part, she will be leading Hudson Bay’s global strategy and operations, overseeing multifarious than 66,000 associates worldwide across more than 480 caches, related e-commerce platforms, supply chain, logistics and technology.

Foulkes, whose job is effective Feb. 19, will also be named to the board, Hudson’s Bay suggested in a statement.

Baker will continue as governor and executive chairman of the embark on after he steps down as interim chief.

Baker had taken as surplus late last year when Gerald Storch abruptly passaged down from the post, amid the retailer’s strategic review and ventures to turn around sales.

Hudson’s Bay, which has failed to meet analysts’ guesstimates for at least eight straight quarters, is under pressure from activist investor Jonathan Litt’s Catch & Buildings to go private.

Shares of the Brampton, Canada-based company were marginally down in afternoon truck.

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