(Reuters) - George Weston Ltd WN.TO, Canada’s largest food processing and distribution company, said Chairman Galen G. Weston would also take on the role of chief executive, effective immediately.
CEO Paviter Binning will leave the company to become special adviser to the Weston Family, Canada’s second wealthiest, at its private company Wittington Investments Ltd.
Galen G. Weston became chairman of George Weston when his father, Galen Weston, stepped down in September.
George Weston dates back to the late 19th century when the Weston Family opened a bread factory in Toronto. Its businesses now include a major stake in grocer Loblaw Cos Ltd (L.TO).
Galen G. Weston will continue in his role as chairman and CEO of Loblaw, George Weston said.
Reporting by Ahmed Farhatha in Bengaluru; Editing by Savio D'Souza