STELLARTON, NS, Jan. 16, 2014 /CNW/ - Empire Company Limited today
announced the continued streamlining of its organizational structure to
further reflect its transition to an operationally-focused grocery
retailer with related real estate interests. This follows the October
2013 announcement appointing Marc Poulin as the CEO of both Empire
Company Limited and Sobeys Inc.
Paul Beesley, previously the Executive Vice President & CFO of Empire,
has been appointed Chief Corporate Development Officer for Sobeys Inc.
In his new capacity Mr. Beesley will support the CEO in the development
of strategic initiatives and growth opportunities.
Mr. Beesley, who played an instrumental role in the company's recent
acquisition of Canada Safeway, will report directly to Marc Poulin.
François Vimard has been appointed Chief Financial Officer for Empire
Company Limited. He will continue to serve in his current capacity as
Executive Vice President, Sobeys Inc. where he has responsibility for
the company's Finance, Information Technology, Distribution &
Logistics, Real Estate and Legal functions. Paul Jewer, Chief Financial
Officer, Sobeys Inc. will continue to report to Mr. Vimard.
Stewart Mahoney will lead the Treasury and Investor Relations functions
for both Empire and Sobeys and will report to Mr. Jewer.
These appointments are effective immediately.
About Empire Company Limited
Empire Company Limited (TSX: EMP.A) is a Canadian company headquartered
in Stellarton, Nova Scotia. Empire's key businesses include food
retailing and related real estate. With over $17 billion in annual
sales and approximately $10.3 billion in assets, Empire and its
subsidiaries, including franchisees and affiliates, employ more than
About Sobeys Inc.
Proudly Canadian, with headquarters in Stellarton, Nova Scotia, Sobeys
has been serving the food shopping needs of Canadians for 106 years. A
wholly-owned subsidiary of Empire Company Limited (TSX: EMP.A), Sobeys
owns or franchises more than 1,500 stores in all 10 provinces under
retail banners that include Sobeys, Safeway, IGA, Foodland, FreshCo,
Thrifty Foods, and Lawton's Drug Stores as well as more than 330 retail
fuel locations. Sobeys and its franchise affiliates employ more than
124,000 people. The company's goal is to be widely recognized as the
best food retailer and workplace environment in Canada. More
information on Sobeys Inc. can be found at www.sobeyscorporate.com.
SOURCE: Empire Company Limited
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