Loblaw has named Danish retail executive Per Bank to be its president and CEO starting next year, replacing Galen Weston in the top job at the company.
The company announced the news in a press release on Tuesday morning.
Bank is currently CEO of Danish retail chain Salling Group A/S, which runs more than 1,700 supermarkets across three countries in Europe.
Loblaw says the leadership transition was planned in advance, and part of a "global talent search" that began in August of last year, when chief operating officer Robert Sawyer announced he was stepping down.
"It comes after two years of superb performance at the company as it executed against a strategy anchored in retail excellence," Loblaw said.
"Per is an exceptional executive with a decades-long track record of delivering retail excellence and successful growth — enabling a smooth transition for our teams," Galen Weston said in the release.
Galen Weston has been president of Loblaw since 2021, when Sarah Davis retired from the job. He never assumed the CEO title, which remained vacant.
While he will no longer be president of Loblaw, Weston will remain chair of the company's board, as well as CEO of Loblaw's parent company, George Weston Ltd.
Loblaw says Weston "will play an active role setting the strategy for the group" in his role as chair of the company.
https://news.google.com/rss/articles/CBMiOGh0dHBzOi8vd3d3LmNiYy5jYS9uZXdzL2J1c2luZXNzL2xvYmxhdy13ZXN0b24tMS42ODEzODc00gEA?oc=5
2023-04-18 14:09:38Z
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