Michael Medline will become chief executive of the holding company overseeing many of the Thomson family’s investments, including its nearly 68 per cent stake in Thomson Reuters and its ownership of The Globe and Mail. Medline stepped down last week as CEO of Empire, the parent company of grocery chains Sobeys, Farm Boy and FreshCo. (The Logic)
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Michael Medline will become chief executive of the holding company overseeing many of the Thomson family’s investments, including its nearly 68 per cent stake in Thomson Reuters and its ownership of The Globe and Mail. Medline stepped down last week as CEO of Empire, the parent company of grocery chains Sobeys, Farm Boy and FreshCo. (The Logic)
Talking point: Medline takes on a key role for one of Canada’s wealthiest families, succeeding Jay Forbes, who joined Woodbridge as CEO last year for a one-year term that ended earlier this fall. Woodbridge said Wednesday that Forbes had focused on “rebuilding the leadership team” and “strengthening the policies” of the firm to create a “blueprint for long-term success.” Former McCarthy Tétrault CEO Iain Scott will serve as interim CEO until Medline’s arrival in January. Medline, who led a turnaround at Empire and was previously CEO of Canadian Tire, was chosen because he’s “disciplined” and focused on building corporate culture, David Thomson wrote in a press release.
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