HBC Announces Passing of Jerry Zucker


    TORONTO, April 12 /CNW/ - The Board of Directors of Hudson's Bay Company
(HBC) is saddened to announce the passing, earlier today, of its Governor and
Chief Executive Officer (CEO) Jerry Zucker after a battle with cancer. Mr.
Zucker is survived by his wife Anita Zucker, children Jonathan Zucker, Andrea
Muzin, and Jeffrey Zucker, and by grandchildren Stella Muzin and Jeremy
Zucker.
    Effective immediately, Anita Zucker will become Governor of HBC, making
her the first woman to hold that position in the Company's 338-year history.
Current HBC Deputy Governor and President Rob Johnston will become CEO. The
Board of Directors and executive teams remain otherwise unchanged.
    Mr. Zucker was a distinguished scientist, prolific inventor, and
visionary business leader who founded The InterTech Group, today one the
largest privately held corporations in the United States. In 2006, he acquired
the Hudson's Bay Company, the oldest commercial corporation in North America.
Together with his wife, Anita, he is renowned in South Carolina and beyond for
his philanthropic and community endeavors.
    "While we grieve this tragic loss, the Zucker family is committed to the
continued success and growth of Hudson's Bay Company and its related
entities," said newly appointed Hbc Governor Anita Zucker. "We are confident
in our stellar management team, led by Rob Johnston, and our dedicated
associates, and I look forward to working closely with them to continue
bringing innovation and quality to the Canadian consumer."
    HBC Deputy Governor, President and CEO Rob Johnston stated, "Our thoughts
and prayers go out to the Zucker family in their time of mourning. The best
tribute we can give to Jerry is to continue his vision for the long-term
success of HBC. Anita has been a trailblazer in the business and philanthropic
communities for over 30 years, and it is therefore befitting that she be the
first woman Governor of HBC. I appreciate the Zucker family's confidence in
our management team, and in me personally, and I know that together we will
continue to guide this historic company in a way that will make Canadians
proud."




For further information: Hillary Marshall, Hbc, Cell: (416) 705-7302