LOBLAW ANNOUNCES VICENTE TRIUS TO BE APPOINTED NEW PRESIDENT

BRAMPTON, ON, Feb. 24 /CNW/ - Executive Chairman Galen G. Weston and the Loblaw Companies Board of Directors are pleased to announce that Vicente Trius will succeed Allan Leighton as the President of Loblaw Companies Limited (Loblaw) later this year.

Vicente is a seasoned executive with extensive experience operating successful retail businesses internationally.  He will move to Canada over the coming months and will join the company in the second half of the year.  He commented, "My family and I are excited to move to Canada.  I have admired Loblaw Companies for many years and I am proud to become its next President."

At that time, Allan Leighton will step down from the Loblaw Board and return to his longstanding position as advisor to the Weston family and Deputy Chairman of George Weston Limited.  "We are in the final year of renewal and I am delighted that Vicente Trius will be my successor.  I will work to ensure a smooth handover to his leadership," said Allan Leighton.

Galen Weston said, "Vicente is a high calibre executive committed to building the Loblaw business.  He will join us as part of a planned succession process that included a global search and the establishment of an appropriate transition period.  I very much look forward to working with him."

Professional Biography

Mr. Trius, a 53-year old Spanish national, is joining from Carrefour where he was Director, Europe and Member of the Group's Executive Board, in charge of Belgium, Spain, Italy, Poland, Greece, Cyprus and Romania. Prior to Carrefour, he held senior executive positions at Wal Mart including Vice-President for International Operations, CEO, Brazil and CEO Asia and Executive Vice-President and CEO for Latin America.  Mr. Trius has also held senior executive roles at Revco Drug Stores Inc. and Simago/Dairy Farm International.

About Loblaw Companies Limited
Loblaw Companies Limited, a subsidiary of George Weston Limited, is Canada's largest food distributor and a leading provider of drugstore, general merchandise and financial products and services. Loblaw is one of the largest private sector employers in Canada. With more than 1,000 corporate and franchised stores from coast to coast, Loblaw and its franchisees employ over 136,000 full-time and part-time employees. Through its portfolio of store formats, Loblaw is committed to providing Canadians with a wide, growing and successful range of products and services to meet the everyday household demands of Canadian customers. Loblaw is known for the quality, innovation and value of its food offering. It offers Canada's strongest control (private) label program, including the unique President's Choice®, no name® and Joe Fresh Style® brands. In addition, the Company makes available to customers President's Choice Financial® services and offers the PC® points loyalty program

An image of Mr. Trius is available via CNW and by contacting PR@loblaw.ca

SOURCE Loblaw Companies Limited

For further information:

Julija Hunter, Vice-President, Public Relations, Loblaw Companies Limited
Julija.Hunter@loblaw.ca /pr@loblaw.ca or (905) 459-2500


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