Galen Weston stepping down as President of Loblaws, but succession plan is ‘natural evolution’

In a move the company said was planned in advance, Galen Weston will be stepping down as the president of Loblaws at the end of 2023, and will be replaced by Danish retail executive Per Bank, who will also assume the title of CEO. But Weston will be staying on as executive chairman of the board. “It’s a natural evolution,” said Prof. Karl Moore in an interview with BNN Bloomberg. “The word ‘executive’ is important here. While a chair might be there one day a week, an executive chair is there five days a week.”