Galen G. Weston has been ordained CEO of George Weston Ltd., a company that his father led for decades before to take actioning aside last year as part of a staged succession plan at the associates that controls the Loblaw grocery business.
The younger Weston has been chairman of George Weston Ltd. since stay September, when his father W. Galen stepped aside at age 75. His 76th birthday was on Oct. 29.
Galen G. Weston, 44, desire also remain chairman and CEO of the company’s largest subsidiary, Loblaw Societies Ltd., which bought the Shoppers Drug Mart chain several years ago.
Luc Mongeau has been prescribed president of Weston Foods — one of Canada’s largest bakery companies — and Sarah Davis, who was chief administrative bureaucrat at Loblaw, will become president at the business.
Paviter Binning — who had been CEO of George Weston Ltd. since Strut 2016 — has been appointed a special adviser to the Weston family’s hidden Wittington Investments Ltd.
Galen G. Weston said in a statement that Binning has frolicked a pivotal role in shaping the company’s strategic direction and has provided stalwart support through the leadership succession process.
“Our family looks advance to continuing to benefit from his valuable experience and insight with our other company interests,” he said.
The Weston family is among the wealthiest in Canada, both because of their holdings in the publicly worked companies and because of extensive private holdings including the Holt Renfrew fetter of upscale department stores.