More changes at the top are coming to department store chain Hudson’s Bay Company.

The company announced today it has hired former Toys ‘R’ Us Inc. CEO Gerald Storch as its new CEO. He will take over Jan. 6. Storch replaces Richard Baker, who will remain with the company as governor, or director, and executive chairman, according to a company-issued press release. Hudson’s Bay is No. 130 in the Internet Retailer Top 500 Guide.

Storch joins Hudson’s Bay, which is based in Ontario, at a time when the retailer is growing significantly online. The retailer acquired Saks (No. 38 in the Internet Retailer Top 500) last year. In its Q3 2014 earnings report, Hudson’s Bay reported e-commerce sales of $228 million for the quarter. Saks accounted for most of that total, $166 million. However the company also reported that online sales for its non-Saks properties grew 73% year-over-year to $62 million.

Hudson’s Bay’s e-commerce properties include its own retail site and that of Lord & Taylor, which Hudson’s Bay acquired in 2012. The company bought Saks Inc. in 2013.

Storch currently runs executive consulting firm Storch Advisors and serves as chairman of the board of grocery chain Supervalu Inc. According to his biography on Storch Advisors’ web site, he has also served in executive roles with department store chain Target Corp. (No. 18 in the Internet Retailer Top 500) and consulting firm McKinsey & Company.

“The HBC team has built a very strong foundation and I am excited to help take the company to the next level,” Storch says. “There are many exciting opportunities across these great retail franchises, including strengthening the connection between our store and digital businesses, expanding our outlet channel and investing in our world class store base.”

Storch is the third major executive hire for Hudson’s Bay in the past month. In mid-November, the company hired Kohl’s Corp.  veteran Jon Nordeen as its new chief information officer. Two weeks ago, the company named former advisor Ian Putnam as its new chief corporate development officer. Kohl’s is No. 23 in the Top 500.