Hudson’ Bay Co.’s CFO resigns

Toronto -- Michael Culhane, CFO of Hudson’s Bay Company, has resigned following a leave of absence from the company.



Culhane went on personal leave on January 22, at which time COO and president Donald Watros was appointed acting CFO. He will continue in that role until a permanent replacement is named.



“This is the ideal time for me to leave HBC as the company is well positioned for the future,” said Culhane. “I wish all of HBC’s associates and business partners continued success.”



The retailer has engaged a leading executive search firm to assist in recruiting a new CFO.