Hudson's Bay announced that Wayne Drummond will be retiring from the company and Sophia Hwang-Judiesch has been appointed President, the company, effective September 19, 2022. A highly-effective retail leader, Ms. Hwang-Judiesch has a strong track record of driving growth, market share acquisition, and enhancing the omni-channel customer journey. Working closely with The Bay on the overall Omni Customer, Brand, and Platform strategy, she will bring to life the company stores component of the strategy, including the execution of the company's in-store digital selling transformation, customer experience and store optimization.

Ms. Hwang-Judiesch will report to Richard Baker, Governor and Executive Chairman, HBC and join The Bay's Executive Committee led by Iain Nairn, President and CEO, The Bay. Most recently, Ms. Hwang-Judiesch was Vice President of Strategic Initiatives at Ulta Beauty, where she led the build and launch of Beauty@Target, and managed 13 workstreams, including: Merchandising, MP&O, Store/Service Operations, E-commerce, and Supply Chain. Previously, Ms. Hwang-Judiesch was Senior Vice-President at Carter's Oshkosh, responsible for the company's largest multi-channel market with accountability for stores, e-commerce and wholesale.

Before Carter's Oshkosh, Ms. Hwang-Judiesch was with Esprit de Corp. as China Country Manager - Retail, Wholesale & E-commerce, China Brand, overseeing the most important market for Esprit globally.