Hudson's Bay Co. taps former Penney exec as CFO

The parent company of Hudson's Bay, Lord & Taylor and Saks Fifth Avenue has appointed a 25-year retail veteran as its new finance head.



HBC named Edward Record as CFO, effective August 28, 2017. He succeeds Paul Beesley, who, as previously announced is leaving HBC.



Record joins HBC after more than three years as CFO of J. C. Penney Company. In July, he announced he was stepping down from the company to "pursue other interests."



Prior to Penney, Record was executive VP, COO of Stage Stores, and previously served as its CFO. He has also held executive leadership positions in finance at Kohl’s and Belk.



“Ed’s deep retail experience will support our company’s mission to get ahead and stay ahead of the rapidly changing retail environment,” commented Jerry Storch, CEO, HBC. “He will play a key role as we continue to drive performance and make the right strategic decisions to improve our retail businesses, while also evaluating the best use of our real estate assets.”