Galen Weston will be stepping down as the Loblaw president and CEO next year with Danish entrepreneur Per Bank set to replace him.
The news comes just weeks after it was revealed that Weston received a 55 per cent raise in 2022 after consultants found he was “underpaid.”
Naturally, many people took to Twitter to celebrate the controversial executive leaving the company, though some were cynical about it, fearing not much would change.
One Twitter user was happy he wouldn’t have to see the pastel yellow-themed No Name commercials.
Another person compared the changing of the guard to the familial feuds on HBO’s Succession.
Someone sarcastically questioned whether Weston would be financially stable after his departure given the rising prices of groceries.
Another user joked that Weston would be replaced by a cheaper and more bland version of him.
The cynicism stayed alive with one person calling this just a PR move given that Weston will remain as chairman.
Some people jokingly saw this move as “punishment” for Weston and questioned if this was just him getting grounded.
Food prices continue to rise in Canada. According to Forbes, grocery prices rose 10.6 percent year over year as of February, more than double the inflation rate of 5.2 percent.
