Multibillionaire W. Galen Weston, whose holdings include Loblaw’s and Weston Foods, has stepped down as executive chair in favour of his son.
The elder Weston is 75, while Galen G. Weston is 43.
Weston Foods is a leading producer of bread and sweets under labels such as Weston, Wonder and D’Italiano. The Loblaw’s arm has more than 2,300 corporate, franchised and associate-owned locations selling grocery, pharmacy, beauty and apparel items.
Weston also owns the Shoppers Drug Mart chain.