TORONTO and BRAMPTON, ON – Loblaw Companies Limited and its parent company George Weston Limited have announced a slew of executive moves set to take effect over the course of the next year. The company will begin to transition Richard Dufresne, the current CFO of both companies, into the role of President and CFO of George Weston Limited, positioning Darren Myers to take over financial responsibilities for Loblaw.
Effective January 1, 2018, Dufresne will assume the role of President of George Weston Limited, while retaining his current responsibilities as CFO. Over the next few months, Dufresne will transition out of his parallel role as CFO of Loblaw Companies Limited. Meanwhile, Myers will join Loblaw as EVP, Finance, effective September 1, and on January 1, 2018, Myers will be appointed CFO of Loblaw.
"Richard has made an enormous contribution in his time as CFO of both Loblaw and George Weston, including his role in the creation of Choice Properties REIT, the acquisition of Shoppers Drug Mart, and the subsequent realization of synergies," said Galen G. Weston, Chairman and CEO, George Weston Limited and Loblaw Companies Limited, in a company press release. "He has been a thoughtful and decisive contributor to the management board, and I look forward to continuing to work closely with him in his new role as President and CFO, George Weston Limited.”
Dufresne joined George Weston Limited in 2012 and Loblaw in 2014, serving as CFO of both companies. In his new role, as in his previous one, Dufresne will report directly to Weston.
Weston continued with praise for the incoming EVP, Finance and CFO of Loblaw: "In Darren, we have found an excellent financial executive, with experience in a broad and complex business. He brings with him both a commitment to exceptional performance, and to values consistent with our own culture journey. His perspective will be a valuable addition to our Loblaw management board."
Myers will join Loblaw from Celestica—where he served as EVP and CFO. Priorly, Myers served in finance roles with Bell Canada and PricewaterhouseCoopers. Myers will report to Dufresne in his role as EVP, Finance, eventually reporting directly to Weston when he assumes the role of CFO.
We at AndNowUKnow congratulate Richard and Darren on their new appointments, and wish them and Loblaw the best in their future endeavors.
