Apr 1 , 2010

George Weston Limited appoints Pavi Binning as Chief Financial Officer

TORONTO--George Weston Limited announced that Pavi Binning has been appointed as the new Chief Financial Officer of the Company, effective August 16, 2010.

In announcing the appointment, W. Galen Weston, Chairman and President of the Company, said: "I am delighted that Pavi has agreed to join us at George Weston. He is a capable and experienced finance executive and brings with him a wealth of international management experience. He is well known to us, having served on the board of Loblaw Companies Limited for the past year, where his contribution has been significant."

"Pavi's appointment in August will ensure an orderly transition of responsibilities from Bob Vaux, our current CFO, who will remain with the Company as part of his planned transition to retirement by the end of 2011. Bob will be active in a variety of initiatives, and will continue with the Company as Executive Vice President, Corporate Development."

Until recently, Mr. Binning was Executive Vice President, Chief Financial Officer and Chief Restructuring Officer of Nortel Networks. Prior to that, his positions included Group Finance Director at Hanson plc, Chief Financial Officer of Marconi Corporation plc, and a number of senior corporate and operational finance roles at Diageo plc.

In commenting on his appointment, Mr. Binning said: "I am pleased to be joining George Weston at such an important time in its history. I look forward to working with the management teams of the Company's two major business units, Weston Foods and Loblaw Companies Limited."

George Weston Limited is one of North America's largest food processing and distribution groups operating in two segments: baking through Weston Foods, and food and general merchandise distribution through Loblaw Companies Limited.

 

 

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