Loblaw has announced that Sarah Davis, Executive Vice President, Finance, will become Chief Financial Officer of the Company effective May 5, 2010. Check out an upcoming issue of ihr for more on this story.
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Loblaw announces new Chief Financial Officer
Allan Leighton, President and Deputy
Chairman of Loblaw Companies Limited ("Loblaw") (TSX: L) announced that Sarah Davis, Executive Vice President, Finance, will become Chief Financial Officer of the Company effective May 5, 2010 at the Company's 2010 Annual Meeting of Shareholders.
Bob Vaux, currently Chief Financial Officer of both Loblaw Companies Limited and George Weston Limited, will continue as Chief Financial Officer of George Weston Limited.
"Sarah is an extremely qualified finance executive who has demonstrated her broader capabilities since joining our management team", said Mr. Leighton. "Her skill sets will be valuable to us as we complete our turnaround and beyond."
Upon accepting the appointment, Ms. Davis said, "I look forward to this opportunity and am pleased to be taking over the financial oversight of a company with such a solid financial position and strong balance sheet."
Over the next three months Ms. Davis and Mr. Vaux will be working on a smooth transition. Ms. Davis, who joined the Company in June of 2007, has more than twenty years of financial management experience gained from senior financial positions at publicly-traded Canadian companies in the
Source: Loblaw Companies press release
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