New Director Elected to NBER Governing Board

The NBER Board of Directors elected Helena Foulkes as a new at-large member at its April 2020 meeting. The former CEO of the Hudson’s Bay Company (HBC), a Toronto-based retail conglomerate, Foulkes led the firm through significant transformation and to a successful privatization in March 2020.

Prior to joining HBC, she spent 25 years at CVS Health, most recently as president of CVS Pharmacy and as executive vice president of CVS Health. She led both the strategic vision and the operations for all aspects of the company’s retail business and was the principal architect of the company’s becoming a recognized leader in the healthcare industry.

Foulkes graduated from Harvard College and holds an MBA from the Harvard Business School. She has received numerous professional honors, including being named among Fortune magazine’s Most Powerful Women in Business and Fast Company’s Most Creative People in Business. Foulkes is a director of The Home Depot and serves on the Harvard University Board of Overseers.