Galen Weston is moving from president and CEO of Loblaws to executive chairman of the board of directors.
The move comes soon after he was given a raise of $1.2 million and after he was called to testify to the House of Commons’ Agriculture Committee about grocery price inflation and Loblaws’ pressures applied to suppliers.
Per Bank, chief executive officer of Salling Group, Denmark’s largest retailer, will take over from Weston at the end of this year.
