Hudson's Bay Co. says its president Alison Coville is stepping down.
The Toronto-based company behind Hudson's Bay, Saks Fifth Avenue and Lord and Taylor stores did not give a reason for Coville's departure.
A release from HBC says Coville's exit will be effective Mar. 1 and that the company will be led by key executives until a permanent successor is found. Coville joined HBC in 1999 as a divisional merchandise manager, but eventually rose through the ranks to land the president position in June 2017. She has been at the helm of the company as it recently faced calls from an activist investor to better leverage HBC real estate and to consider selling some assets.
Earlier this month, Hudson's Bay announced it would be shuttering its 37 Home Outfitters stores and was eyeing the closure of 20 of its Saks Off Fifth locations in the U.S.
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