W. Galen Weston steps down as Executive Chairman, George Weston Limited; succeeded by Galen G. Weston, who also retains Loblaw responsibilities

TORONTO, Sept. 14, 2016

W. Galen Weston, 75, assumed executive control of George Weston Limited in 1974, when he succeeded his father. Over four decades as Chairman, Mr. Weston established an extraordinary record of achievement: taking a sprawling portfolio and focusing on re-making Loblaw into the nation's top retailer, and building Weston into one of North America's largest food processing companies.

During his tenure, Mr. Weston oversaw the introduction of some of Canada's most innovative brands and retail concepts, including President's Choice, Joe Fresh, No Frills, and Real Canadian Superstore. In the same time, the company created hundreds of thousands of jobs and the Weston Foundation and the Weston Group of Companies together have donated more than half a billion dollars to the benefit of Canadian communities.

"Following my own father's tradition of stepping down at the age of 75, I see this as a good time to create space for the next generation," said W. Galen Weston. "I have absolute confidence in my son and the George Weston Limited board and leadership. I look forward to using my time to focus on the exciting opportunities ahead in our luxury business and some truly ground-breaking potential with our charitable foundation."

Succeeding his father, Galen G. Weston, 43, becomes the fourth generation of family leadership. He has been Executive Chairman of Loblaw since 2006 and Deputy Chairman of George Weston Limited since March, 2016. W. Galen Weston's daughter, Alannah Weston, was appointed a director on the board earlier this year.

"Reaching a fourth generation represents unique longevity among family-led firms, and my father's success over four decades sets a high bar for the next generation of our business," said Galen G. Weston. "We will benefit from the strong legacy traits of Weston companies, and my sister and I look forward to our father's continued guidance and support."

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