Loblaw president Galen Weston steps down, replaced by Danish retail executive Per Bank

Galen G. Weston, the public face and top executive behind the Loblaws grocery chain, will step down from his role as president by the end of the year. Loblaw Co. Ltd. announced Weston’s departure from the role on Tuesday morning.

Per Bank, currently the CEO of Salling Group A/S, the largest retailer in Denmark, will become president and CEO of Canada’s largest grocer in 2024.

The appointment follows a search launched in August in anticipation of Robert Sawyer’s retirement as chief operating officer of Loblaw, according to a release.

Weston became president in 2021 after the departure of Sarah Davis from the job. After leaving the role, Weston will remain chair of the board and continue to run Loblaw’s parent company, George Weston Ltd., which is controlled by the Weston family.

For more info, please go to https://globalnews.ca/news/9631867/galen-weston-stepping-aside-as-loblaw-president-and-ceo/

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