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HBC taps COO, former Saks executive as president

A Hudson's Bay Co. store sign is shown in Toronto on Monday, July 29, 2013.

Nathan Denette/THE CANADIAN PRESS

Hudson's Bay Co.'s chief operating officer, Donald Watros, will become the retailing company's president in February.

Watros, who will continue to report to HBC chief executive Richard Baker, has been the company's operations chief since 2009.

He's also a former chief administrative officer of Saks Fifth Avenue, which HBC acquired in November for about $2.9-billion including debt.

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The company's retail brands include Hudson's Bay, Lord & Taylor, Saks Fifth Avenue, Saks OFF 5th and Home Outfitters.

"Don Watros' role as president is integral to a new, robust leadership structure that will focus on managing and growing HBC along with its strong and expanding portfolio of brands," Baker said in a statement.

"Don's significant retail experience combined with his track record of operational excellence were key in selecting him for this important role and will further our development as a premier North American fashion retailer."

Watros was appointed chief operating officer of Hudson's Bay in 2009. His appointment as president is effective Feb. 1.

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