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Greg Hicks, seen here at a Toronto Canadian Tire store on Oct. 29, 2018, has been named the retailer's new CEO.Mark Blinch/Globe and Mail

Retailer Canadian Tire Corp Ltd said on Thursday Greg Hicks would succeed chief executive officer Stephen Wetmore.

Hicks most recently served as president of Canadian Tire’s retail unit, the company’s largest business with about 500 stores across Canada.

Hicks has also been overseeing the company’s e-commerce strategy, an area of focus for the retailer as it competes with giants and Walmart.

Wetmore is retiring, effective immediately, after nine years as CEO – first stint was between 2009 and 2014, second from July 2016.

He is also stepping down as a member of the board and will act as an adviser to the company as an honorary director until the end of 2020.

The company said it appointed Hicks from a pool of internal and external global candidates.

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