Saks: Changes at the top as company veteran Marc Metrick named president

New York -- There’s been a change at the top at Saks Fifth Avenue. On Thursday, Saks parent company Hudson’s Bay Company announced that company veteran Marc Metrick, 41, is replacing Marigay McKee as president of Saks Fifth Avenue, effective April 2, 2015. It’s a return of sorts for Metrick, who is HBC’s executive VP and chief administrative officer. He spent the first 15 years of his career at Saks Fifth Avenue, ultimately becoming its chief strategy officer, before joining the leadership team of HBC in 2012 as chief marketing officer.



“It is not often that one has the opportunity to lead the company where they started and grew up,” Metrick said. “Saks Fifth Avenue has played such a pivotal role in shaping who I have become as an executive, and I cannot be more excited than to lead Saks Fifth Avenue.”



HBC said that McKee has stepped down based on “mutual agreement” with the company. The former Harrods executive was appointed president of Saks in January 2014.



“I am pleased with the journey we’ve been on these past 15 months and am proud of the renewed positioning of the Saks Fifth Avenue brand,” she said.



At HBC, Metrick played an instrumental role in the acquisition of Saks Fifth Avenue and has since focused on developing the strategic plan that it is now successfully pursuing to revitalize the business. That strategy includes elevating the brand experience, substantially building SaksFifthAvenue.com as part of a seamless all-channel offering, and strategically expanding the Saks Fifth Avenue store base in both the U.S. and into Canada, Metrick will continue to report to Gerald Storch, CEO of HBC.