Loblaw names new president and CEO to replace Galen Weston

BRAMPTON, Ont. –

Loblaw Companies Ltd. is hiring veteran European retail govt Per Bank as its subsequent president and chief govt.

The mother or father firm of the Loblaws grocery chain and Shoppers Drug Mart says Bank, the chief govt of Denmark’s Salling Group A/S, will be part of the corporate by early 2024.

Salling Group operates department shops, supermarkets and low cost shops.

The hiring of Bank comes as Loblaw chief working officer Robert Sawyer plans to retire on the finish of the yr.

Galen Weston has been serving as president of Loblaw since 2021 when Sarah Davis retired from the job.

He will stay chair of the Loblaw board, in addition to chair and chief govt of George Weston Ltd., the retailer’s mother or father firm.

This report by The Canadian Press was first revealed April 18, 2023