Canadian Tire makes 4 retail management changes
Canadian Tire Corp has mad four new appointments as it alters its core retail operations, reports Tire Review. All of the appointments are effective on 5 March. Marco Marrone, who joined the company in 2009 as executive vice president and CFO, was promoted to COO of Canadian Tire Retail.
In his new role, Marrone will oversee all of CTR’s operations, including merchandising, marketing, supply chain, and store operations including dealer relations.
Mike Arnett was named executive vice president of corporate development. Previously president of Canadian Tire Retail, Arnett will now oversee growth and expansion efforts, as well as global sourcing.
Dean McCann has been appointed as the corporation’s CFO and executive vice president of finance, replacing Marrone. Previously an executive within Canadian Tire’s financial services unit, McCann will now be responsible for the financial and investor relations functions of the corporation.
In turn, Mary Turner was promoted to COO Canadian Tire Financial Services and president of Canadian Tire Bank, replacing McCann.
“Canadian Tire posted excellent results in 2011 and we have entered 2012 on a very strong footing. I believe we have the right strategy and we are making the right investments, our priority must now be exceptional execution in concert with our Canadian Tire Dealers,” said Stephen Wetmore, president and CEO of Canadian Tire Corp. “It’s all about people. This announcement continues our plan to select our best leadership talent, and ask them to take on new challenges in order to keep us on offense in this competitive retail environment.”