Galen Weston to take a step back as Loblaw’s announces new CEO
Galen Weston is stepping back from day-to-day operations of Loblaw Companies Ltd. in a senior leadership shuffle that will see a European retail executive take over as president and CEO.
“The takeaway here is this is not a sharp left turn,” he said. “This is about evolution and building on the platform that’s been established.” Industry experts have noted that while the claims may be unfounded, having the wealthy scion of a powerful family empire as the face of the grocer — as some Canadians struggle to buy food — is part of the perception problem.He started in supply chain operations and eventually became CEO of Scandinavian retail chain Coop Norden.
“He has extensive experience working for a controlling family, and understands what that relationship needs to be in order for a partnership to be successful,” he said.
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