Lord & Taylor parent restructures executive management

Toronto -- Hudson's Bay Co. said Tuesday it has changed the structure of its senior management, giving two highly regarded veteran retailers greater responsibilities. The company is moving current president Bonnie Brooks to the vice chairman seat and putting in Liz Rodbell – recently minted executive VP and chief merchant – as president.  Both Brooks and Rodbell are highly regarded retail

The company, which owns the Hudson's Bay banner as well as Lord & Taylor and Home Outfitters, said the transition will be completed by January 2014. Both Brooks and Rodbell will report to CEO Richard Baker, with Brooks serving in an advisory capacity to Baker and the board.

"This new structure will continue to drive our long-term growth strategy, as we build upon the company's momentum toward revitalizing its banners and product offerings, and strengthening the customer experience," said Baker.

Rodbell, a 25+-year veteran of the company, was named to the executive VP/chief merchant position in February 2012, charged with integrating the Lord & Taylor and Hudson’s Bay banners.