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Canadian Tire Corporation Limited (CTC-T) Quote - Press Release

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Canadian Tire Corporation Appoints New Chief Financial Officer, and New President and Chief Executive Officer of Canadian Tire Bank

CNW Group - Thu Jan 16, 5:30AM CST

Canadian Tire Corporation, Limited (TSX:CTC, TSX:CTC.A) (CTC) today announced two senior executive appointments: Gregory Craig as Executive Vice-President and Chief Financial Officer (CFO), CTC; and Mahes Wickramasinghe as President, Canadian Tire Financial Services (CTFS) and President and Chief Executive Officer, Canadian Tire Bank. Both appointments are effective March 2, 2020.

"I am extremely pleased to announce the appointments of Greg Craig and Mahes Wickramasinghe and to recognize the depth of our internal talent. Greg and Mahes are executives with deep expertise in finance and banking and we look forward to them advancing the strategy and performance of Canadian Tire," said Stephen Wetmore, President and CEO, Canadian Tire Corporation.

Mr. Craig is a Chartered Professional Accountant, Certified Management Accountant with over 25 years of experience at CTC. During that time, he has held progressively senior finance roles within the enterprise and played an integral role in the acquisition of Sport Chek (then The Forzani Group) in 2012. He was subsequently named CFO of Sport Chek and Mark's, and thereafter as CFO of Canadian Tire's Retail segment. Most recently, Mr. Craig has served as President, CTFS and as President and CEO, Canadian Tire Bank. Under his leadership, the Bank has achieved significant growth and successfully launched the Triangle credit card program.

Mr. Craig succeeds Dean McCann as Chief Financial Officer of CTC. As previously announced, Mr. McCann is retiring effective March 2, 2020, but will continue as a Director of Canadian Tire Bank and a Trustee of CT REIT.

"Dean has had a distinguished career with CTC, and on behalf of the Board and the entire organization, we thank him for his many contributions to the Triangle," continued Wetmore.

Mr. Wickramasinghe is a Certified Public Accountant (U.S.A) and a Fellow of the Chartered Institute of Management Accountants (UK) with extensive banking experience which will further strengthen the role of Financial Services as an integral part of CTC's overall growth strategy. He has served in a range of senior roles within CIBC, including Chief Financial and Administrative Officer of CIBC Amicus, Chief Administrative Officer of CIBC Retail Bank and Chief Administrative Officer of CIBC First Caribbean International Bank. Mr. Wickramasinghe joined CTC in 2014 as Executive Vice-President and Chief Corporate Officer, CTC, overseeing corporate strategy, risk management, and international operations. He will continue in his roles as Chairman of the Helly Hansen Board of Directors, and Executive Vice-President, CTC.

ABOUT CANADIAN TIRE CORPORATION Canadian Tire Corporation, Limited, (TSX:CTC-A.TO) (TSX:CTC.TO) or "CTC", is a family of businesses that includes a Retail segment, a Financial Services division and CT REIT. Our retail business is led by Canadian Tire, which was founded in 1922 and provides Canadians with products for life in Canada across its Living, Playing, Fixing, Automotive and Seasonal & Gardening divisions. PartSource and Gas+ are key parts of the Canadian Tire network. The Retail segment also includes Mark's, a leading source for casual and industrial wear; Pro Hockey Life, a hockey specialty store catering to elite players; Sport Chek, Hockey Experts, Sports Experts, National Sports, Intersport and Atmosphere, which offer the best active wear brands; and Party City Canada, a leading, one-stop shopping destination for party supplies and seasonal celebrations. The more than 1,700 retail and gasoline outlets are supported and strengthened by CTC's Financial Services division and the tens of thousands of people employed across Canada and around the world by the Company and its local dealers, franchisees and petroleum retailers. In addition, CTC owns and operates Helly Hansen, a leading global brand in sportswear and workwear based in Oslo, Norway. For more information, visit Corp.CanadianTire.ca.

FOR MORE INFORMATIONMedia: Jane Shaw, 416-480-8581, jane.shaw@cantire.com Investors: Lisa Greatrix, 416-480-8725, lisa.greatrix@cantire.com

SOURCE CANADIAN TIRE CORPORATION, LIMITED

View original content: http://www.newswire.ca/en/releases/archive/January2020/16/c5524.html

SOURCE: CANADIAN TIRE CORPORATION, LIMITED

SOURCE: CANADIAN TIRE CORPORATION, LIMITED - INVESTOR RELATIONS

 

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