Weston names new CEO of Loblaw

George Weston Ltd. and Loblaw Cos. have announced the appointment of Per Bank as president and CEO of Loblaw. Bank will formally join the company by Q1 2024, succeeding Galen Weston, who will remain as chairman of Loblaw’s board. Bank comes over from Salling Group A/S, a giant Danish grocery retailer with 1,700 supermarkets in three countries. The appointment anticipates the planned retirement of Robert Sawyer, Loblaw’s COO, at the end of this year. Sawyer (shown here) is known in this industry for his stint as president and CEO of RONA inc. a decade ago.

(More on Sawyer’s move and his involvement in readying RONA for sale to Lowe’s in Monday’s edition of our Hardlines Weekly Report. For more details how to become a member-subscriber, click here!)