By Colin Kellaher

Canadian food and pharmacy retail giant Loblaw Cos. on Wednesday unveiled a series of management changes related to the decision by majority owner George Weston Ltd. to focus on its retail and real-estate businesses.

Loblaw said Sarah Davis will retire as president on May 6 and will be succeeded by Executive Chairman Galen Weston, who also serves as chairman and chief executive at George Weston.

Richard Dufresne, president and chief financial officer at George Weston, will also become finance chief at Loblaw on the same date, with current CFO Darren Myers departing.

Loblaw also said Robert Sawyer, a current George Weston board member and the former president and CEO of home improvement company Rona Inc., will join as chief operating officer with responsibility for the company's retail divisions, supply chain and procurement.

Ms. Davis, who joined Loblaw in 2007, succeeded Mr. Weston as president of the retailer in 2017.

George Weston on Tuesday unveiled plans to sell its Weston Foods bakery unit and focus on its retail and real-estate businesses.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

03-23-21 0811ET