“Bill recently advised our board of his intention to retire and we obviously respect and support the decision he has made,” said Rob Dexter, chairman of Empire. “Our succession process has been designed to identify a successor who will continue to drive the company’s food-focused strategy forward. We will consider all suitable candidates and are fortunate to have very strong internal candidates.”
The succession process is being overseen by the board’s 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 company’s next fiscal year, which begins in May.
“Although Bill has advised of his intentions to retire for personal reasons, it is important to not that Sobeys’ 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,” said Paul Sobey. “We continue to be very supportive of these initiatives and are pleased with the progress being made at Sobeys.”