HBC announced that its Board of Directors has appointed Helena Foulkes as Chief Executive Officer, effective February 19, 2018. Foulkes joins the company from CVS Health, where she served as executive vice president of CVS Health and president of CVS Pharmacy. Foulkes will be responsible for the company's global strategy and operations for all banners, overseeing more than 66,000 associates worldwide across a portfolio of more than 480 stores, related e-commerce platforms, supply chain, logistics and technology.

Upon joining the company, she will also be appointed to the company's Board of Directors. Richard Baker, who has been acting interim CEO, will continue as Governor and Executive Chairman of the company.