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.
"We took our time with this process ... and was the clear standout," Weston said, noting that the parallels between Loblaw and Salling Group are "quite remarkable."
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