Loblaw Companies Limited Announces Per Bank as President and Chief Executive Officer; Galen G. Weston Shares
BRAMPTON, ONTARIO, CANADA - More Loblaw news has come to light, proving even more growth for the ever-evolving retailer. Most recently, the grocer announced the appointment of Per Bank as its newest President and Chief Executive Officer.
“Loblaw is admired worldwide for its sound values, long history of innovation, and the strong execution that has made the company what it is today,” said Bank. “I am truly excited to join the team and build on the ongoing success of my future colleagues.”
Bank has upheld a 30-year retail career, gaining deep expertise in retail operations and the supply chain. As noted in a press release, he is also the outgoing Chief Executive Officer of Salling Group A/S, which has 1,700 multi-banner supermarkets across three countries.
Upon stepping into the role of President and Chief Executive Officer, Bank will be responsible for Loblaw’s day-to-day operations, reporting to Loblaw’s Board of Directors. Galen G. Weston will remain Chair of the Loblaw Board of Directors, as well as Chair of the Board of Directors and Chief Executive Officer of the parent company George Weston Limited.
“Over the past two years, we have strengthened the foundations of the company. Our management team is exceptional, and our 220,000 colleagues continue to deliver for our customers every day,” said Galen G. Weston. “In Per, we have found a world-class retail executive to help us build from that position of leadership and strength, and to continue on that journey.”
The recent appointment follows a global talent search in anticipation of Robert Sawyer’s planned retirement as Chief Operating Officer at the end of 2023. Robert Sawyer will remain as Chief Operating Officer until the end of the year. In addition, Richard Dufresne will continue as Loblaw’s Chief Financial Officer and President and Chief Financial Officer of George Weston Limited.
“Robert, Richard, and I have worked side by side with our management teams to improve Loblaw’s performance. Per is an exceptional executive with a decades-long track record of delivering retail excellence and successful growth—enabling a smooth transition for our teams,” said Weston.
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