December 30, 2013 11:08 am
Updated: December 30, 2013 11:09 am

Galen G. Weston named CP’s Business Newsmaker of the Year for 2013

Galen Weston Jr., executive chairman of Loblaw, speaks at a press conference in Toronto on Monday, July 15, 2013.

The Canadian Press

TORONTO – The Canadian Press has named Galen G. Weston as its Business Newsmaker of the Year for 2013.

Weston won for his role in one of the biggest takeovers in the country’s retail history and his strong stance on the need for change in Bangladesh after the Dhaka factory collapse in April.

READ MORE: Bangladesh factory collapse prompts reforms, but long-term impact uncertain

Weston led Loblaw‘s  move to acquire Shoppers Drug Mart in a blockbuster $12.4-billion deal.

During the summer, the company also spun off its real estate holdings into a new publicly traded trust, Choice Properties (TSX:CHP.UN), which remains majority owned by Loblaw.

Weston received about 22 per cent of the votes, followed by BCE chief executive George Cope and former Blackberry CEO Thorstein Heins, who tied for second place with 17 per cent of the votes each.

© 2013 The Canadian Press

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