Business
Loblaw Companies Limited Announces Senior Management Changes, Effective By Q1 2024
Loblaw Companies Limited Announces Senior Management Changes, Effective By Q1 2024 Cana...
About this update from Loblaw Companies Limited
[{"type":"text","content":"\n \n \n \n Loblaw Companies Limited Announces Senior Management Changes, Effective By Q1 2024\n \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 Canada NewsWire\n \n \n \n \n \n \n BRAMPTON, ON\n \n \n ,\n \n \n April 18, 2023\n \n \n /CNW/ - George Weston Limited (\"George Weston\") (TSX: WN) and Loblaw Companies Limited (\"Loblaw\") (TSX: L) jointly announced today the appointment of Mr.\n \n Per Bank\n \n as President and Chief Executive Officer of Loblaw. Mr. Bank will formally join the company by Q1 2024. The appointment follows a global talent search initiated in\n \n August 2022\n \n in anticipation of\n \n Robert Sawyer's\n \n planned retirement as Loblaw's Chief Operating Officer at the end of 2023. It comes after two years of superb performance at the company as it executed against a strategy anchored in retail excellence.\n \n \n \"Over the past two years, we have strengthened the foundations of the company. Our management team is exceptional, and our 220,000 colleagues continue to deliver for our customers every day,\" said\n \n Galen G. Weston\n \n . \"In Per we have found a world-class retail executive to help us build from that position of leadership and strength, and to continue on that journey.\"\n \n \n Mr. Bank is a 30-year career retailer with deep expertise in retail operations and supply chain. He is the outgoing Chief Executive Officer of Salling Group A/S, the largest retailer in\n \n Denmark\n \n , with 1,700 multi-banner supermarkets across three countries, supported by strong e-commerce, loyalty, and private-brand programs, and having one of\n \n Denmark's\n \n largest private-sector workforces.\n \n \n Upon commencing the role of President and Chief Executive Officer, Mr. Bank will be responsible for Loblaw's day-to-day operations, and he will report to Loblaw's Board of Directors.\n \n Galen G. Weston\n \n will remain Chair of the Loblaw Board of Directors, as well as Chair of the Board of Directors and Chief Executive Officer of parent company, George Weston Limited – where he wil...