HBC names CVS Health executive Helena Foulkes as its new CEO

At the department store chain, Foulkes will be responsible for HBC’s global strategy and operations for all of its banners. She will also be appointed to HBC’s board of directors.“The future of retail will be defined by companies that think creatively about where the consumer and the world are headed,” Foulkes said in a statement.Foulkes added that one of her priorities will be to “build upon strategies that capitalize HBC’s physical and digital assets and deepen our core operating effectiveness.”The department store is grappling with persistent losses in an increasingly tough retail environment by implementing a transformation plan.It included cutting 2,000 jobs across North America in an effort to save the company $350 million annually by the end of fiscal 2018. The company has also expanded its online offerings and is looking at ways to unlock more value from its vast real estate holdings. TORONTO — A former executive with the CVS pharmacy chain will be the new CEO for Hudson’s Bay Co., Canada’s oldest company and owner of Saks Fifth Avenue and other retail operations.Helena Foulkes will start in the role on Feb. 19, the Toronto-based company said Monday in a statement.Richard Baker has been acting as HBC’s interim CEO since the departure of Jerry Storch last fall. Baker will continue as governor and executive chairman.‘They are now way behind Amazon and Walmart’: Challenges mount at Hudson’s Bay as losses almost doubleHBC withholding info in deceptive-pricing probe, Competition Commissioner saysHBC says Competition Bureau’s mattress pricing probe has cost it US$425,000“Helena is a transformational leader who will invigorate the business with a new perspective as we position HBC for the future,” Baker said in a statement.Foulkes comes to HBC after 25 years at CVS Health Corp., a health-care company with about 9,700 pharmacies. Since January 2014, Foulkes was the company’s executive vice-president and president of subsidiary CVS Pharmacy.Helena is a transformational leader who will invigorate the business with a new perspective as we position HBC for the futureRichard Baker, HBC interim CEO read more

Darfur Ban voices sadness at death of UNAfrican Union peacekeeper wounded in

The police advisor, a national of Sierra Leone, was seriously injured on 13 July when a patrol came under attack in Khor Abeche, South Darfur. He died yesterday in a hospital in Sudan’s capital, Khartoum, bringing the death toll from the attack to eight peacekeepers. “The Secretary-General extends his deepest condolences to the family and friends of the late police advisor and reiterates his expectation that the Government of Sudan will take swift action to bring the perpetrators to justice,” said a statement issued by Mr. Ban’s spokesperson. The AU-UN Deputy Joint Special Representative for Darfur, Joseph Mutaboba, also extended his condolences on the death of the police advisor.“This is a reminder to all of us of the sacrifices that uniformed peacekeepers make while carrying out their noble duty. In doing so, this peacekeeper paid the ultimate price and we commend his courage and commitment for his effort to make the world a better place, a safer place for us and our children in the future.”Established by the Security Council in 2007, UNAMID is in charge of, among other tasks, the protection of civilians and contributing to security for humanitarian assistance in Darfur, where fighting between rebel groups and Government forces and allied militia since 2003 has led to the deaths of an estimated 300,000 people and displaced nearly two million. read more