Saks Fifth Avenue names new president to succeed Marigay McKee
Hudson's Bay Company has announced that that Marc Metrick has been appointed as president of its Saks Fifth Avenue department store. He will succeed Marigay McKee who has stepped down by Â“mutual agreementÂ” after 15 months in the role.
Metrick was most recently executive vice president and chief administrative officer at Hudson's Bay Company. However, he spent the first 15 years of his career at Saks Fifth Avenue, ultimately becoming its chief strategy officer before joining Hudson's Bay Company in 2012.
In a statement, Hudson’s Bay Company said Metrick had played an instrumental role in the acquisition of Saks Fifth Avenue and has since focused on developing the strategic plan to revitalize the business.
In his new role, Metrick will continue to report to Hudson’s Bay company chief executive Gerald Storch who said: "Marc's energy and commitment to Saks Fifth Avenue and its culture, coupled with his strong luxury merchandising and operating background, make him uniquely qualified for this role. I am excited to continue to work closely with him to further the successful strategies underway to take the extraordinary Saks Fifth Avenue brand to its next level of growth and success."
Metrick added: "We have abundant opportunities ahead, and I am excited to continue working with the Saks Fifth Avenue team to deliver strong, profitable growth into the future."
His predecessor Marigay McKee joined Saks Fifth Avenue 15 months ago, shortly after its sale to Hudson’s Bay Company. Prior to that she was chief merchant at Harrods where she had worked since 1999.
Baker said: "We thank Marigay for her contributions to elevating the Saks Fifth Avenue experience, and wish her all of best in her future endeavours."
McKee added: "I am pleased with the journey we've been on these past 15 months and am proud of the renewed positioning of the Saks Fifth Avenue brand. I want to thank the great team who have worked so hard to drive this great business forward."
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