What Happened?
Toronto, ON- based Hudson's Bay Company has Appointed Stephen J. Cerrone as Chief Human Resources Officer
About the Company
Hudson`s Bay Company (HBC), founded in 1670, is North America`s longest continually operated company. Today, HBC offers customers an unparalleled range of retailing categories and shopping experiences internationally. In Canada, HBC operates Hudson`s Bay, Canada`s largest department store with 90 full-line locations and one outlet store as well as thebay.com, unsurpassed in its fashion, beauty, home and accessory designers and brands. HBC also operates Home Outfitters, Canada`s largest home specialty superstore with 69 locations across the country. In the United States, HBC operates Saks Fifth Avenue, one of the world`s pre-eminent specialty retailers, renowned for its superlative designer collections and first-rate fashion expertise. Saks Fifth Avenue comprises 41 full-line stores in 22 states, five international licensed stores, saks.com, 72 Saks Fifth Avenue OFF 5TH stores and saksoff5th.com. HBC also operates Lord and Taylor, a leading department store chain with 49 full-line store locations throughout the northeastern United States, in two major cities in the Midwest and in Boca Raton, Florida, four Lord and Taylor outlet locations and lordandtaylor.com. Hudson`s Bay Company banners provide stylish, quality merchandise with a dedicated focus on service excellence. Hudson`s Bay Company trades on the Toronto Stock Exchange under the symbol "HBC".
About the Person
Stephen J. Cerrone is the Chief Human Resources Officer at SunEdison, Inc. He has more than 30 years of experience in all areas of human resources, including navigating complex organizational and business issues and leading strategic change across multiple industries and geographies. Cerrone has extensive executive experience, most recently at Hudson`s Bay Company, a leading North American retailer including Saks Fifth Avenue, Lord & Taylor, and Hudson`s Bay, where he led Human Resources and Communications. Prior to that he was executive vice president of Human Resources at Sara Lee Corporation, where he led human resource strategy for more than 44,000 employees in 40 countries. Before joining Sara Lee, he served as executive vice president of Human Resources for Retail Financial Services at JPMorgan/Bank One Corporation, and has also held prior executive positions at Bank One, Diageo/Burger King and General Foods Worldwide. Cerrone earned a B.A. in psychology from Providence College and holds both an M.A. and Ph.D. in Industrial/ Organizational Psychology from the University of Houston. He currently serves as a member of the Board of Trustees for Roosevelt University. Cerrone is the 2006 recipient of the Academy of Management Distinguished Executive Award, and has served as an adjunct faculty member at the University of Houston and the University of Miami.
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