Yesterday Hudson's Bay Co., the owner of Saks Fifth Avenue and Lord & Taylor, named CVS executive Helena Foulkes as its first female CEO after serving as executive vice president of pharmacy giant CVS. This is notable on a number of fronts. First is that we have another sorely needed female CEO in the ranks of the Fortune 500. Foulkes was also recently ranked among the most influential women in business by Fortune magazine. She will have a tall order seeking to improve both the company's physical and online sales.
At CVS Foulkes was responsible for retail operations, including its nearly 9,700 retail stores, 20 distribution centers and e-commerce sites. There is news here as we consider that an iconic and struggling retail brand turned to an executive who hails from the drug and personal care arena.
As I thought about it, I realized that is not too farfetched. CVS, along with Walgreens, is overhauling their physical presence and e-commerce delivery systems, and what they have learned may unlock Hudson Bay's recipe for a turnaround. As an added benefit, I am sure that Foulkes will also provide Saks shoppers with an opportunity to get their flu shot while at the cosmetics bar.
Job Listings
MCCORD DEVELOPMENT, INC.
Senior Development Director
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Director will lead vertical development and investment activities across all asset classes at Generation Park. Specific duties include: setting strategic direction of the vertical development (fee, spec, preleased, and built-to-suit) business unit to execute office, industrial, retail, multifamily and hospitality development at Generation Park (40 million square feet at build out); and sourcing debt & equity capital. (Sponsored Job)
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Director will work alongside the Regional Executive Vice President and Senior Vice President, Asset Management on various assignments related to Asset Management of the Los Angeles Region, primarily focusing on the Downtown Office Portfolio. (Sponsored Job)
CROWDSTREET
Director of Investor Relations
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Position will partner with the VP of Investments, CMO and other cross-functional team leaders to create and drive strategies that grow the investor base and the Investor Member Community through direct investor outreach and marketing initiatives. Role will also manage investor relations team, including performance, development and mentoring of team members.
CITCO
Real Estate Account Manager – Fund Accounting
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Responsibilities include ensuring that real estate funds and real estate fund managers are provided with accurate and timely accounting services; and managing client relationships in line with client Service Level Agreements, Citco procedures and applicable accounting standards.
MUTUAL OF OMAHA
VP of Commercial Real Estate Loan Officer
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REALTYMOGUL.COM
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HEITMAN
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Position will promote firm's full suite of real estate investment products specific to the Intermediary Channel. The current products range from Public Equity Real Estate to Private Real Estate Equity and Debt investment strategies. Investment vehicles include SMAs, a mutual fund, ETFs, LP commingled funds and separate accounts.
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R.J. KELLY COMPANY INC.
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