Loblaw hiring European retail executive Per Bank as company’s next CEO

The parent company of the Loblaws grocery chain and Shoppers Drug Mart says Bank, the chief executive of Denmark’s Salling Group A/S, will join the company by early 2024.The hiring of Bank comes as Loblaw chief operating officer Robert Sawyer plans to retire at the end of the year.

Galen Weston has been serving as president of Loblaw since 2021 when Sarah Davis retired from the job. He will remain chair of the Loblaw board, as well as chair and chief executive of George Weston Ltd., the retailer’s parent company.Read more about:

Gets criticized for gouging the public CEO states profits aren’t high, though their average margins have more than doubled throughout the pandemic CEO receives $1M raise, a 55% raise, despite claiming profit margins aren’t soaring CEO leaves role Hire a mf named Banks 🤦‍♂️

Surprised the news paper would get the grammar wrong. Should be “company’s” not “companies”

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