Fourth-generation member Galen G. Weston has been named CEO of George Weston Ltd., Canada's largest food and drug retail business and the country's largest private-sector employer.
Weston has been the company's chairman since September 2016, when his father, W. Galen Weston, stepped down from the chairman's post. Galen G. Weston is also chairman and CEO of the company's largest subsidiary, Loblow Companies Ltd.,
CBC reported.
Paviter Binning, who had been CEO of George Weston Ltd. since March 2016, has been named as a special adviser to the Weston family's private investment firm, Wittington Investments Ltd., the article said.
“The Weston family is among the wealthiest in Canada, both because of their holdings in the publicly traded companies and because of extensive private holdings including the Holt Renfrew chain of upscale department stores,” the CBC report said. (Source: CBC, Jan. 19, 2017.)
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