HBC names new Hudson’s Bay president

TORONTO — Hudson’s Bay Co. has announced the appointment of Iain Nairn as president of its namesake banner. Nairn took up his post over the weekend, having previously been CEO of international design and stationery firm kikkk.K. HBC CEO Helena Foulkes hailed Nairn’s appointment, which she said was the result of a global search. Nairn’s predecessor Alison Coville stepped down last February.