• In Canada, the Financial Post reports that Michael Medline, the former CEO of Canadian Tire, has been named CEO of Sobeys and its parent, Empire Co., which are hoping for a turnaround.
According to the story, "Medline’s appointment as CEO follows the ouster of grocery veteran Marc Poulin from his position as Empire CEO in the same month Medline made his exit from Canadian Tire last year. Poulin left the grocery retailer after a botched integration of the Western Canadian Safeway chain close to three years after its $5.9 billion purchase and after Empire reported a staggering $2.13 billion net loss for fiscal 2016."
• Kellogg Co. has announced that Fareed Khan, formerly CFO of US Foods Holding Co., will join the company as chief financial officer, succeeding Ron Dissinger, who stepped down from the role at the end of 2016.
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