Hudson's Bay Co. is retiring this month and that the current president of Hudson's Bay, which oversees Canadian retails stores, will take on the additional role. The retailer says Sophia Hwang-Judiesch, who came on as president of Hudson's Bay last September, will lead efforts to transform and improve both the digital and in-store performance of the retailer after Iain Nairn retires.

Nairn, who is stepping down as president and CEO of The Bay, was appointed president of Hudson Bay's before the split, in January, 2020.