Sobeys Inc. appoints head of real estate

STELLARTON, NS, Aug. 13 /CNW/ - Sobeys Inc. today announced the appointment of real-estate industry veteran Sylvie Lachance as Executive Vice President of Real Estate Development for the company.

Ms. Lachance will be responsible for defining Sobeys overall real estate strategy and associated capital requirements for strip mall and shopping centre developments in order to create real estate value for Sobeys Inc. while helping fuel the growth of Crombie REIT, which manages a portfolio of real estate assets including many Sobeys properties.

"We know that our ability to drive future growth in what is an extremely competitive market place will depend on, among other things, our continued and accelerated success in identifying and developing a pipeline of strong real estate assets. Sylvie is uniquely qualified to help us to do just that," said Bill McEwan, President & CEO, Sobeys Inc.

Ms. Lachance was most recently Executive Vice President and Chief Operating Officer of First Capital Realty. She previously held senior real estate positions with both regional and national grocery retailers. She holds a Bachelor of Law degree from Laval University and an MBA from McGill University.

About Sobeys Inc.

Sobeys Inc. is a leading national grocery retailer and food distributor headquartered in Stellarton, Nova Scotia. A wholly-owned subsidiary of Empire Company Limited (TSX:EMP.A), Sobeys owns or franchises more than 1,300 stores in all 10 provinces under retail banners that include Sobeys, IGA, Foodland, FreshCo, Price Chopper and Thrifty Foods, as well as Lawtons Drug Stores. Sobeys Inc. is committed to providing the most worthwhile experience for its customers, employees, franchisees, suppliers and shareholders. More information on Sobeys Inc. can be found at www.sobeyscorporate.com.

SOURCE Sobeys Inc.

For further information: For further information: Andrew Walker, Vice President, Communications & Corporate Affairs, Sobeys Inc., (905) 214-6711

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