Galen Weston Jr.

Galen G. Weston
Born December 19, 1972 (1972-12-19) (age 45)
Dublin, Ireland
Nationality Canadian
Alma mater
Occupation CEO and Executive Chairman of Loblaw Companies Ltd. and George Weston Limited
Parent(s)
Relatives

Galen G. Weston (born December 19, 1972), also known as Galen Weston Jr., is a Canadian businessman and the current executive CEO,[1] chairman and president[2] of Loblaw Companies Limited. He is the son of Willard Gordon Galen Weston and Hilary Weston.

Early life and education

Weston was born in Dublin, Ireland, when his father moved in the 1960s. Weston Sr. originally moved to Dublin to start up a supermarket chain, but he eventually married and had children.[3] The Westons moved to Canada in 1974.

Weston graduated from Harvard University with a B.A. and from Columbia University with an M.B.A.

Career

Weston took over Loblaw Companies Ltd. in October 2006. Beforehand, he had held positions in the company for eight years and was a member on their board of directors. At that point the company was worth around $9.5 billion.[4]

In January 2017, it was announced that Weston had succeeded his father as CEO of George Weston Ltd.[5]

Weston has been featured in a number of recent television and radio commercials for Loblaws and its President's Choice line of products. Many of these ads have focused on a new environmentally friendly image for Loblaws,[6] with others dealing with the semi-annual PC Insider's Report.

On December 19, 2017, Loblaw and its parent company George Weston Limited announced action the companies had taken to address their role in a price-fixing arrangement involving certain packaged bread products. In the statement, Weston is quoted as saying "this sort of behaviour is wrong and has no place in our business or Canada's grocery industry," and that "this should never have happened."[7] In response, Loblaw and George Weston said the companies had reported the price fixing to the Competition Bureau, that the employees responsible for George Weston and Loblaw’s role in this are no longer with the companies and the companies had significantly enhanced their compliance programs with measures that are industry-leading and go further than the Competition Bureau’s requirements. Loblaw also announced it was offering customers a $25 Loblaw Card, which could be used to purchase items sold in Loblaw grocery stores across Canada.[7] Registration for the card opened on January 8, 2018.[8]

References

  1. ↑ "Galen G. Weston takes over as CEO of George Weston Ltd." GlobalNews.ca. Web. 17 Jan 19 2017.<http://globalnews.ca/news/3191313/galen-g-weston-takes-over-as-ceo-of-george-weston-ltd/>
  2. ↑ "Loblaw executive chairman Weston takes on president's role" Reuters Canada. Web. 17 Jul. 2014.<http://ca.reuters.com/article/businessNews/idCAKBN0FM1A020140717>
  3. ↑ "At home with Hilary Weston". The Irish Times. February 8, 2014. Retrieved April 17, 2017.
  4. ↑ "Galen Weston Jr. Takes over at Loblaws." The Canadian Encyclopedia. Web. 15 Jan. 2010. <https://www.thecanadianencyclopedia.ca/en/article/galen-weston-jr-takes-over-at-loblaws/>.
  5. ↑ "Galen G. Weston named CEO of George Weston, company his father led for decades" Metro Toronto. Web. 19 Jan. 2017. <http://www.metronews.ca/news/toronto/2017/01/19/newsalert-galen-g-weston-succeeds-father-as-ceo-of-george-weston-ltd.html>.
  6. ↑ "Memories of Excellence - The Globe and Mail." News from Canada and the world - The Globe and Mail. Web. 15 Jan. 2010. <https://www.theglobeandmail.com/report-on-business/article737906.ece>.
  7. 1 2 "George Weston and Loblaw take action to address industry-wide anti-competitive activity". Loblaw Companies Limited. Canada News Wire. Retrieved 19 December 2017.
  8. ↑ Cazzin, Julie. "You can sign up for the $25 Loblaw gift card now. Here's how". Macleans.ca. Maclean's Magazine. Retrieved 9 January 2018.
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