Marc Poulin has left his Empire Company positions of chief
executive officer and president.
Empire owns a majority of shares in Sobeys which operates
approximately 1,500 stores in all 10 provinces under retail banners that
include Sobeys, Safeway, IGA, Foodland, FreshCo, Price Chopper, Thrifty Foods
and Lawtons Drugs, as well as more than 380 retail fuel locations.
François Vimard, Empire’s chief financial and administrative
officer, has been appointed interim president and chief executive officer.
Vimard will also
replace Poulin on the Empire Board of Directors.
Sobeys acquired Safeway Canada assets in 2013 for $5.8
billion.
Last week, Sobeys announced a $724 million fourth-quarter
loss and a $1.5 billion annual loss.
