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Loblaw Names Davis New CFO

Loblaw Cos. here said Thursday that Sarah Davis has been named chief financial officer of the company, effective May 5.

TORONTO — Loblaw Cos. here said Thursday that Sarah Davis has been named chief financial officer of the company, effective May 5.

She is currently executive vice president, finance, at the Canadian supermarket operator. She succeeds Bob Vaux, who is currently CFO of both Loblaw and parent company George Weston Ltd. Vaux will continue as CFO of George Weston

Davis, who joined Loblaw in 2007, has more than 20 years of financial management experience in senior positions at publicly traded Canadian companies in the telecommunications industries.

“Sarah is an extremely qualified finance executive who has demonstrated her broader capabilities since joining our management team,” said Allan Leighton, president and deputy chairman of Loblaw. “Her skill sets will be valuable to us as we complete our turnaround and beyond.”

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