Loblaw taps European retail exec Per Bank as new CEO, Galen Weston steps back from day-to-day operations
by early next year, the company announced on Tuesday, saying it has hired European retail executive Per Bank to take over as president and chief executive officer.
Mr. Weston will continue in his role as chair of Loblaw’s board, as well as chair and CEO of parent company George Weston Ltd.In that capacity, he will “play an active role setting the strategy” of the family-controlled companies, according to a statement. Mr. Sawyer rejoined the company in 2021, when Mr. Weston returned as president following the departure of Sarah Davis. At the time, Loblaw also replaced chief financial officer Darren Myers with George Weston Ltd. CFO Richard Dufresne, who will continue as CFO of both companies.
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Loblaw names new president and CEO to replace Galen WestonLoblaw Companies Ltd. is hiring veteran European retail executive Per Bank as its next president and chief executive.
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Loblaw hires European retail executive Per Bank as company’s next CEOThe hiring of Per Bank comes as Loblaw chief operating officer Robert Sawyer plans to retire at the end of the year
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