Wednesday, June 14, 2017
George Weston Limited has appointed Richard Dufresne (pictured) as president of the company, effective January 1, 2018.
Dufresne will retain his current responsibilities as chief financial officer, and will continue to report to Galen G. Weston, chairman and CEO, George Weston Limited and Loblaw Companies Limited.
Over the next few months, Dufresne will transition out of his parallel role as CFO of Loblaw Companies Limited. As part of this transition, Darren Myers (pictured, left) will join Loblaw on September 1, 2017 as executive vice-president, finance, reporting to Dufresne. On January 1, 2018, Myers will be appointed CFO, Loblaw Companies Limited, reporting to Galen G. Weston.
"Richard has made an enormous contribution in his time as CFO of both Loblaw and George Weston, including his role in the creation of Choice Properties REIT, the acquisition of Shoppers Drug Mart, and the subsequent realization of synergies," said Weston. "He has been a thoughtful and decisive contributor to the management board and I look forward to continuing to work closely with him in his new role as president and CFO, George Weston Limited.
"In Darren, we have found an excellent financial executive, with experience in a broad and complex business. He brings with him both a commitment to exceptional performance, and to values consistent with our own culture journey. His perspective will be a valuable addition to our Loblaw management board."
Richard Dufresne joined George Weston Limited in 2012 and Loblaw in 2014, holding parallel responsibilities as CFO at both companies. This followed prior experience as CFO at Metro Inc. from 2006 to 2012, and a career in investment banking.
Darren Myers joins Loblaw from Celestica where he was most recently executive vice-president and CFO, building on prior finance roles in the organization, and with Bell Canada and PricewaterhouseCoopers.