BRAMPTON, ON, Aug. 14, 2014 /CNW/ - Galen G. Weston, Executive Chairman and President, Loblaw Companies Limited (TSX: L), is pleased to announce the appointment of Pavi Binning as a director to the Loblaw Companies Limited Board.
Mr. Binning currently serves as the President of George Weston Limited, and has been a director of George Weston Limited since 2012. He joined George Weston Limited in 2010 as the Chief Financial Officer ("CFO") after spending a year as a director of Loblaw Companies Limited. Prior to joining Weston, Mr. Binning was at Nortel Networks Corporation, where he held the role of CFO and subsequently Chief Restructuring Officer. Prior to that, Mr. Binning held CFO positions at both Hanson plc and Marconi Corporation plc, as well as executive positions at Diageo plc.
"I am pleased to welcome Pavi back to the Loblaw board," said Mr. Weston. "Pavi's experience and expertise developed over a career of executive management positions in large international companies, as well as his knowledge base in Canadian grocery retail, will complement and strengthen an extremely capable and robust board."
About Loblaw Companies Limited
Loblaw Companies Limited is Canada's food and pharmacy leader, the nation's largest retailer, and the majority unitholder of Choice Properties Real Estate Investment Trust. Loblaw provides Canadians with grocery, pharmacy, health and beauty, apparel, general merchandise, banking, and wireless mobile products and services. With more than 2,300 corporate, franchised and Associate-owned locations, Loblaw, its franchisees, and Associate-owners employ approximately 192,000 full- and part-time employees, making it one of Canada's largest private sector employers.
Loblaw's purpose - Live Life Well - puts first the needs and well-being of Canadians who make one billion transactions annually in the Company's stores. Loblaw is positioned to meet and exceed those needs in many ways: convenient locations; more than 1,050 grocery stores that span the value spectrum from discount to specialty; full-service pharmacies at more than 1,250 Shoppers Drug Mart and Pharmaprix locations and more than 500 Loblaw locations; no-fee banking with PC Financial; affordable Joe Fresh fashion and family apparel; and three of Canada's top consumer brands in Life Brand®, no name® and President's Choice®. Through the PC Plus™ and Shoppers Optimum® loyalty programs, more than one in every three Canadians are rewarded for shopping with the companies.
SOURCE: Loblaw Companies Limited
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