News Formal

Giant Tiger chooses company insider to replace founder Gordon Reid as CEO

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 99%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Giant Tiger Stores Ltd. says veteran company executive Paul Wood will take up the reins as founder Gordon Reid steps down from his role as chief executive of the discount department store chain.

, formerly president and chief operating officer, has been appointed president and CEO effective immediately.

Reid, who founded Giant Tiger 59 years ago with its first store in Ottawa's ByWard Market in 1961, is to hold the newly created role of chairman emeritus. His eldest son, vice-chair Scott Reid, will take over as chairman of the board. The company says the younger Reid, an MP representing Lanark-Frontenac-Kingston, obtained clearance from the House of Commons' Ethics Commissioner in advance for the change.

Giant Tiger says Wood has been with the chain for 17 years and recently helped set up the purchase of 36 stores from the North West Company Inc., the development of a distribution centre in Johnstown, Ont., and the construction of a new home office in Ottawa. The chain, which has more than 250 stores and 9,000 employees, says it is expected to remain a privately held, Canadian-owned company.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I always know I'm in unfamiliar territory when I drive by a Giant Tiger

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Microsoft acquires parent company of video-game giant Bethesda in $7.5-billion dealThe deal for ZeniMax would mean Microsoft will have more hit titles in its gaming library, a key attraction point for gamers while choosing a console
Source: globeandmail - 🏆 5. / 92 Read more »

Netflix founder Reed Hastings says company is 'very much still in challenger status'The streaming giant’s co\u002DCEO on his \u0027no rules\u0027 culture — and why only world domination will do They lost $9 billion after their cuties pedo show.
Source: nationalpost - 🏆 10. / 80 Read more »

Microsoft acquires parent company of video-game giant Bethesda in $7.5-billion dealThe deal for ZeniMax would mean Microsoft will have more hit titles in its gaming library, a key attraction point for gamers while choosing a console
Source: globeandmail - 🏆 5. / 92 Read more »