MONTREAL – Jerry Zucker, the South Carolina businessman who bought Hudson Bay Co. last year and took it private, has replaced his most senior executive with his closest business ally in a move seen as the first of many changes.
Michael Rousseau, who was part of the HBC executive team that initially fought Zucker’s takeover of HBC, has been replaced as president by Robert Johnston, a vice-president of Zucker’s InterTech Group of Charleston, S.C. Johnston will relocate to Toronto with his family.
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