Global Courant 2023-04-18 18:00:53
Galen Weston will step down as president of Loblaws starting next year and will be replaced by a Danish retail manager.
The company announced this in a press release on Tuesday morning.
Per Bank is currently CEO of the Danish retail chain Salling Group A/S, which manages more than 1,700 supermarkets in three European countries.
Loblaws says the leadership change was pre-planned and part of a “global talent search” that began last August when chief operating officer Robert Sawyer announced he would step down.
“It comes after two years of outstanding performance at the company while executing on a strategy anchored in retail excellence,” said Loblaws.
Galen Weston has been president of Loblaws since 2021, when Sarah Davis retired.
While he will no longer serve as president, Weston will remain chairman of the company’s board of directors, as well as CEO of Loblaws’ parent company, George Weston Ltd.
