galen weston jr

Galen Weston stepping down as Loblaw president

Galen Weston Jr. is officially stepping down as president and CEO of Loblaw Companies Ltd. starting next year. 

Weston will be replaced by veteran European retail executive, Per Bank, who is currently associated with Danish retail chain Salling Group A/S. 

The bombshell announcement was made in a joint release by George Weston Ltd. and Loblaw Companies Ltd. on Tuesday morning. 

Per Bank is set to formally join the company by Q1 2024. 

Weston will remain chair of the Loblaw board, as well as the chair and chief executive of George Weston Ltd. 

The appointment of Bank as president and CEO of Loblaw follows a global talent search initiated in August 2022 in anticipation of Robert Sawyer's planned retirement as Loblaw's COO at the end of 2023. 

Sawyer has served as a director on the George Weston board since 2016 and was appointed the COO of Loblaw in 2021. 

Weston has also served as president of Loblaw since 2021, when Sarah Davis retired from the job. 

Lead photo by

President's Choice

Latest Videos

Latest Videos

Join the conversation Load comments

Latest in Eat & Drink

World's biggest poutine eating challenge coming to Toronto this summer

There's a Filipino night market in Toronto this week

Canadian shoppers react to TikToker's U.S. Costco grocery haul

Future of The Beer Store in Ontario uncertain beyond 2026

Toronto bakery is permanently closing after nearly 60 years in business

There's a Hungarian food and cultural festival in Toronto this week

Here's how much these 10 grocery items cost at Loblaws versus other grocers

People are trolling Ontario's alcohol in convenience stores announcement