July 17 Loblaw Cos Ltd, Canada's largest
grocer, appointed Executive Chairman Galen Weston president as
part of a management shakeup aimed at helping the company better
compete with U.S. rivals.
Weston, son of the founder of George Weston Ltd - Loblow's
largest shareholder - will be responsible for the company's
overall business performance as president, the company said.
Loblaw has been struggling with higher fuel costs, a weak
Canadian dollar and an increase in minimum wages in Ontario,
while trying to fend off competition from Wal-Mart Stores Inc
and Target Corp.
Weston replaces Vicente Trius, who is leaving the company
for family reasons. Weston's appointment is effective
The company, which acquired Shoppers Drug Mart more than a
year ago, said Domenic Pilla, the president of the pharmacy
chain, would leave by the end of the year.
The company also appointed a new chief financial officer on
(Reporting By Shubhankar Chakravorty in Bangalore; Editing by