Sobeys Inc. (TSE: SBY) is pleased to announce the appointment of Bill McEwan as President and Chief Executive Officer. McEwan’s appointment will be effective November 25, 2000. He will also be appointed to the Sobeys Inc. Board of Directors and be located at the company’s Stellarton Executive Head Office.
David F. Sobey, Chairman of the Board of Sobeys Inc. commented, “We are pleased and excited to obtain a leader of Bill’s quality with an in-depth retail food distribution background and a proven track record at this important stage in the continuing development of our company. We welcome Bill and are looking forward to capitalizing on his excellent marketing, merchandising, store operations and general management experience. This background in conjunction with our excellent current executive leadership team will allow us to make further progress in achieving the full potential of our business. We have never been more optimistic about the future of our company and Bill’s addition will position us for immediate growth while building a solid foundation for the company’s longer term significant development.”
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Throughout a successful business career of twenty-five years, McEwan has developed strong managerial, operational, strategic planning, leadership and communication skills. Most recently he was President and Chief Executive Officer of the Atlantic Region of the Great Atlantic and Pacific Tea Company, Inc. with overall responsibilities for the company’s operations in the Northeastern United States market. Prior to joining A&P he was Vice President, Market Development, Coca-Cola Beverages Ltd.
Concurrent with McEwan’s appointment, Doug Stewart, Vice Chairman and CEO will be retiring from Sobeys Inc. as part of the previously announced orderly transition of the key executive leadership of the company. Stewart will stay on for a period of time to assist in McEwan’s orientation and to achieve a functional leadership transition. In addition, Stewart will continue to be a member of the Empire Company Limited Board of Directors which is the majority shareholder of Sobeys Inc.
Sobeys Inc., headquartered in Stellarton, Nova Scotia, is the second largest food distribution organization in Canada in terms of sales and retail stores, doing business principally under the banners of Sobeys, IGA, Price Chopper, Knechtel and Foodland and operates Canada’s only national foodservice distributor, SERCA.
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By GlobalDataregarding this announcement or regarding Sobeys Inc., please contact: Mr. Allan Rowe, Executive Vice President and Chief Financial Officer, 115 King Street, Stellarton, Nova Scotia, (902) 752-8371
