Friday, July 8, 2016

Marc Poulin has left Empire Company

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.