CANADA: Currie steps down at Loblaw, Lederer grabs reins
President of Loblaw Cos for nearly the last 25 years, Richard Currie had announced that he is set to resign on 1 January, handing over the corporate baton to John Lederer, the vice president for operations and merchandising in Eastern Canada. "It's a natural succession: Proper age, proper stage," said Currie, adding, "this process has been in the works for a couple of years."When Currie took the leadership role at Canada's largest grocery retailer in 1976, its supermarket chain was valued at C$40m. Now worth C$14bn, Loblaw has diversified its product range, developed in-store stores and financial services and opened larger store formats in a bid to compete with the increasing numbers of fastfood restaurants and discount stores. Lederer, who has worked with Currie for six years, commented that he has no intention of shaking up the successful business formula. This extends to his reticence regarding the retailer's venture into the world of online selling: "We will make sure there is a proven demand from our customers before we go ahead."Currie, meanwhile, will remain in his role as director and president of
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 16 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- Unilever 2016 investor day - the top takeaways
- The key questions for digital strategists in 2017
- Wessanen's move for Spain's Biogran - analysis
- Burger King, Jollibee: foodservice focus, Nov 2016
- Have food promotions reached tipping point?
- General Mills jobs to go in business revamp
- Verlinvest, China Resources invest in Oatly
- B&G acquires pasta sauce group Victoria Fine Foods
- Japan's Nagatanien buys Chaucer Food Group
- Tyson sets up US$150m investment fund