The 62-year-old Sherman joined Hudson’s Bay in July 2008 and is credited with helping to build teams at the Zellers and The Bay divisions in Canada and Lord & Taylor in U.S., and forming the Shared Services arm centralizing finance, IT, supply chain, logistics and store operations. Aside from streamlining, Sherman is credited with mounting efforts to capitalize on the Winter Olympics held in Vancouver in February.
“His job was to organize all this and put us in shape with strong leaders. He did his job,” said Richard Baker, governor and ceo of Hudson’s Bay Trading Co., the holding company for the divisions. The title of governor is the Canadian equivalent of chairman.
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