Loblaw and its parent George Weston Limited on Thursday announced a series of executive appointments including the ascension of Galen G. Weston to chairman and CEO of George Weston and Sarah Davis to president of Loblaw.
The changes are effective immediately, the companies said.
Galen G. Weston will continue to serve as chairman and CEO of Loblaw, which is Canada’s largest grocer. He was previously named chairman of George Weston. As CEO of Weston, he succeeds Pavi Binning, who will become a special advisor to Wittington Investments, owned by the Weston family.
"I am extremely pleased to welcome Sarah to the role of president. She has an exceptional understanding of Loblaw. This, together with her strong financial background, particularly in operational roles, positions her well for this expanded leadership role," Weston said in a statement. "I look forward to continuing to work closely with Sarah and the whole management team in the years ahead as we focus on delivering the best in food, best in health and beauty, operational excellence and growth."
As chief administrative officer since 2014, Davis has been responsible for supply chain, IT, process and efficiencies, real estate, goods not for resale and strategy. Prior to that, she served as CFO of Loblaw, beginning in 2010. She has served with Loblaw since 2007.
Also Thursday, the companies appointed Luc Mongeau as president, Weston Foods, succeeding Binning. Weston Foods is primarily engaged in the baking industry within North America.
Mongeau is a food executive with experience in food, chocolate and pet care categories. Over a 15-year career at Mars, his roles included leading the Canadian business, Mars Petcare's multi-billion dollar North American business, and setting the global strategic and marketing direction for some of Mars' leading pet care brands.
"Luc is a high-caliber executive with global experience who will focus on building the Weston Foods business,” Weston said. “I very much look forward to working with him."