Sobeys CFO to Resign

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Sobeys CFO to Resign


Paul Jewer, chief financial officer of Sobeys Inc., will depart the company effective Feb. 14 to accept the CFO position with seafood marketer High Liner Foods. Jewer will replace Kelly Nelson, who will retire in May.

Francois Vimard, EVP of Sobeys and CFO of parent company Empire Co. Ltd., will replace Jewer on an interim basis.

Jewer joined Sobeys in 2003 as VP, finance and treasury, and was appointed CFO in October 2011, taking on responsibility for all financial functions of the company, including reporting, planning, treasury, tax and investor relations.

“Paul has made a significant contribution to the growth and development of Sobeys over the past 11 years and we wish him well as he prepares to take on a new role,” Vimard said.

In May 2008, Jewer received Canada's Top 40 Under 40TM award, which honors 40 Canadians under the age of 40 for vision, leadership, innovation, achievement and community involvement.

Nova Scotia-based Sobeys own or franchises more than 1,500 stores in all 10 provinces under the Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods and Lawton’s Drug Stores banners, as well as more than 330 retail fuel locations.