Ed Record, the chief financial officer for Hudson’s Bay Co., is taking a medical leave of absence.
The company has appointed Becky Roof as interim cfo, HBC said on Monday, when Record began his leave.
Roof previously served as interim cfo at a number of large companies and is a managing director at AlixPartners consulting firm where she provides advisory and c-suite interim management services. At HBC, she will be supported by the finance team and report to Helena Foulkes, chief executive officer.
Last week, HBC reported better-than-expected results, with comparable sales up 0.3 percent excluding the Home Outfitters and Lord & Taylor chains, which are undergoing a review of strategic alternatives, including possibly being sold. Net income of $275 million in the last quarter reflected a $817 million gain on the sale of the Lord & Taylor building on Fifth Avenue, which closed for business earlier this year. Adjusted earnings before interest, taxes, depreciation and amortization totaled $44 million in the quarter.