George Weston Limited (‘GWL’ or ‘George Weston’) and Loblaw Companies Limited (‘Loblaw’) jointly announced the upcoming retirement of Loblaw President, Sarah Davis, on May 6, 2021. She will be succeeded by Executive Chairman, Galen G. Weston, who will become Chairman and President in addition to his current role as Chairman and CEO at GWL. The companies also announced that Robert Sawyer will join Loblaw as Chief Operating Officer (‘COO’). Sarah Davis has been with Loblaw in positions of increasing responsibility since 2007, including both CFO and CAO. Regarding Mr. Sawyer's appointment as COO at Loblaw where he will have responsibility for the company's retail divisions, supply chain, and procurement. Robert has spent over 40 years as a Canadian retail executive including an extensive career at Metro where he was COO, as well as a highly successful tenure as President and Chief Executive Officer of Rona. He has served as a Director on the Board of GWL since 2016. As part of this transition, Darren Myers will be leaving Loblaw after its Annual General Meeting on May 6, 2021.