Business
George Weston Limited and Loblaw Companies Limited Announce Management Succession
George Weston Limited and Loblaw Companies Limited Announce Management Succession ...
About this update from George Weston Limited
[{"type":"text","content":"\n\n\n\nGeorge Weston Limited and Loblaw Companies Limited Announce Management Succession\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO and BRAMPTON, ON, Jan. 19, 2017\n\n\n\nTORONTO and BRAMPTON, ON, Jan. 19, 2017 /CNW/ - George Weston Limited (TSX:WN) and Loblaw Companies Limited (TSX:L) today announced the following management changes, effective immediately: \n\n\nGalen G. Weston has been appointed Chairman and Chief Executive Officer (CEO) of George Weston Limited. Mr. Weston will continue in his role as Chairman and CEO of Loblaw. \nPaviter S. Binning will be leaving George Weston and has been appointed Special Advisor to the Weston family at its private company Wittington Investments, Limited. \nLuc Mongeau has been appointed President, Weston Foods. \nSarah Davis has been appointed President, Loblaw.\n\nGalen G. Weston became Chairman of George Weston last September, succeeding his father W. Galen Weston, who stepped down at the age of 75 after over four decades leading George Weston. With his appointment today as Chief Executive Officer, Mr. Weston succeeds Pavi Binning, who will become special advisor to Wittington Investments, Limited, owned by the Weston family. Mr. Binning will step down from the George Weston and Loblaw boards of directors.\n\n\"Pavi has played a pivotal role in shaping the company's strategic direction,\" Mr. Weston said, \"and he has provided strong support through the leadership succession process which we have just completed. Our family looks forward to continuing to benefit from his valuable experience and insight with our other business interests.\"\n\nMr. Binning said, \"After seven successful years at George Weston, I am looking forward to continuing to support the Weston family in other areas.\"\n\nLuc Mongeau, newly appointed President of Weston Foods, is a seasoned consumer goods executive with extensive branding, product development, operations and P&L management experience in food, chocolate and petcare categories. Over a 15-year career at Mars, his roles included leading the Canadian business, M...