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Published on 15 Mar 2021 on CNW Group Test via Yahoo Finance

Loblaw Companies announces senior management changes as President, Sarah Davis, retires, and Galen...


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BRAMPTON, ON, March 23, 2021 /CNW/ - George Weston Limited ("GWL" or "George Weston") (TSX: WN) and Loblaw Companies Limited ("Loblaw") (TSX: L) jointly announced today the upcoming retirement of Loblaw President, Sarah Davis, on May 6, 2021. She will be succeeded by Executive Chairman, Galen G. Weston, who will become Chairman and President in addition to his current role as Chairman and CEO at GWL. The companies also announced that Robert Sawyer will join Loblaw as Chief Operating Officer ("COO") and that Richard Dufresne, President and Chief Financial Officer ("CFO") of GWL, will expand his responsibilities to include becoming CFO of Loblaw on May 6, 2021.

George Weston Limited English corporate logo (CNW Group/George Weston Limited)George Weston Limited English corporate logo (CNW Group/George Weston Limited)

"In light of George Weston's strategic decision to focus on retail and real estate which was announced today, Sarah and I agreed that now is the right time for her to pursue her plans for an early retirement, which she first shared with me upon becoming President in 2017," said Galen G. Weston. "Sarah has made an invaluable contribution to the company and I appreciate her leadership over the last 14 years. Her authentic, understated style, and commitment to the potential of others, have been hallmarks of her time with Loblaw. She has been an advisor and friend to many, especially to me. We wish her well."

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