STELLARTON â Sobeys president and CEO Bill McEwan will be retiring later this year.
McEwanâs desire to retire stems from a continuing health issue and Empire Company Limitedâs board of directors announced the implementation of a succession process to replace McEwan is already underway.
âBill recently advised our board of his intention to retire and we obviously respect and support the decision he has made,â said Rob Dexter, chairman of Empire. âOur succession process has been designed to identify a successor who will continue to drive the companyâs food-focused strategy forward. We will consider all suitable candidates and are fortunate to have very strong internal candidates.â
The succession process is being overseen by the boardâs Human Resources Committee.
McEwan has been president and CEO of Sobeys since November 2000 and will continue in his role until the completion of the transition, which is expected early in the companyâs next fiscal year, which begins in May.
âAlthough Bill has advised of his intentions to retire for personal reasons, it is important to not that Sobeysâ progress and performance will continue under his very capable leadership, including the advancement of all the strategic initiatives currently underway during this orderly transition period,â said Paul Sobey. âWe continue to be very supportive of these initiatives and are pleased with the progress being made at Sobeys.â