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Loblaw Taps Trius to Succeed Leighton

BRAMPTON, Ontario — Loblaw here on Thursday said that Vicente Trius would succeed Allan Leighton as president of the retailer later this year.

Jon Springer, Executive Editor

February 24, 2011

1 Min Read
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JON SPRINGER

BRAMPTON, Ontario — Loblaw here on Thursday said that Vicente Trius would succeed Allan Leighton as president of the retailer later this year.

Trius, a native of Spain, is joining Loblaw from Carrefour, where he was a director and member of the retailer’s executive board. He formerly held several executive positions with Wal-Mart including vice president of international operations and chief executive officer of Wal-Mart in Brazil, Asia and South America.

Loblaw said Trius would join the company in the second half of the year, at which time Leighton will step down from the Loblaw board and resume his role as an advisor to Loblaw’s parent company, George Weston Ltd.

Loblaw made the announcement Thursday while reviewing fourth-quarter and 2010 fiscal year financial results. Quarterly sales fell by 2.1% to $7.1 billion and same-store sales declined 1.6%. Net earnings of $151 million declined 8.1%.

For the fiscal year Loblaw reported earnings of $681 million on sales of $31 billion. Sales improved by 0.9% and earning by 3.8% vs. 2009.

About the Author

Jon Springer

Executive Editor

Jon Springer is executive editor of Winsight Grocery Business with responsibility for leading its digital news team. Jon has more than 20 years of experience covering consumer business and retail in New York, including more than 14 years at the Retail/Financial desk at Supermarket News. His previous experience includes covering consumer markets for KPMG’s Insiders; the U.S. beverage industry for Beverage Spectrum; and he was a Senior Editor covering commercial real estate and retail for the International Council of Shopping Centers. Jon began his career as a sports reporter and features editor for the Cecil Whig, a daily newspaper in Elkton, Md. Jon is also the author of two books on baseball. He has a Bachelor of Arts degree in English-Journalism from the University of Delaware. He lives in Brooklyn, N.Y. with his family.

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