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Stand here, he tells me, pointing to a spot just inside the entrance of this airy, modern, less-than-year-old Sobeys supermarket in Vaughan, a fast Claude Tessier, president of Sobeys IGA operations, received $3.1 million, up from $1.6 million in 2014. David Sobey, for his part was equally enthusiastic. Why not? It would mean moving permanently to the U.S. while the three children from his first marriage remained in Toronto. While that may simply be a response to the crazy-quilt of house brands McEwan inherited in the Oshawa takeover, some analysts believe it could also help the company develop better relations with and perhaps get better deals from suppliers whose own national brands were squeezed off Loblaws shelves to make room for the companys private label products. Sobeys post-Oshawa challenge to digest its elephantine acquisition while closing its market share gap with Loblaws would turn out to be a crossroads moment for the family business and its aging third generation of operators. We appreciate it. He pauses. Ontario Premier Mike Harris even wooed the company to move its head office there. There was a crisis at Ferraros Cranbrook, BC, store, he explained, and he needed someone he could trust to manage it for him. He doubled the share price, he doubled the bottom line and the balance sheet is in great shape. I think Sobeys was on the cusp of that happening when Bill came along. Canadian sports fans know Daryl Katz as the billionaire owner of the bottom-dwelling Edmonton Oilers, who havent come close to making the playoffs since Katz took over the reins of the team in 2008. Sheri is Carmens wife and business partner. While Stellarton is still the companys official head office and McEwan and his wife Donna maintain a house in the community, more than half of Sobeys nearly 300 corporate staff now work out of a non-descript office tower on the edge of Torontos Pearson airport, so McEwan has a Toronto condo too. Sobeys Inc. - additional information Sobeys Inc. is among Canadas leading food retailers. Deborah Baic/The Globe and Mail Sobeys owner Empire Company Ltd. is expanding its presence in Ontario, with a $357-million deal to buy 51 per cent of grocery store chain Longos and its e-commerce service, Grocery Gateway. Suddenly, he recalls, the sky cleared and the sun shone. Most analysts now credit the sale and McEwan for turning around the companys fortunes. And, perhaps most importantly, thats why the company has been quietly paying down its debt and building up a growth nest egg. Perhaps he was on to something. . Empire Company Limited is a Canadian conglomerate engaged mostly in food retail and corporate investments. Last Updated Oct 28, 2020 at 1:00 pm MST. As an adult, however, hed spread his business wings, getting a feel for the industry from the suppliers side and had learned to navigate his way around in a much larger corporate grocery enterprise. Facing an increasing challenge from supermarket house-brand soft drinks, Coca Cola decided it wanted someone who understood retailing. When they offered him the job, Bill McEwan was quick to say yes. Has the Company made the As Jonathan Norwood, a retail analyst with Beacon Securities, puts it: He fixed all the things that needed to be fixed. A shopper selects produce at a Longos grocery store in Toronto. Stellarton, a smokestack community, reminded McEwan of Trail. While working for Coke, McEwan had visited Stellarton three times, each time in a blinding snowstorm. For McEwan, it represented a major promotion hed be in charge of 435 stores and 37,000 employees but it came with a personal price tag. Ive been handing these out to people just to say thanks for what youve done. Are you getting the support you need? They talk for a while. It seemed like going from one great merchant to another great merchant. So were John R. Sobey, Franks nephew and the president and COO of Sobeys, and Doug Stewart, one of the few key non-family members in the corporate hierarchy, whod just completed 10 years as Sobeys Vice Chairman and CEO. As for the CEO, "he has a He was trying to articulate his vision of Sobeys future. We call this the vista. His arm sweeps across the store from right to left. . It now offers more than 5,000 private label products, even services like personal banking and mortgages, and the program now accounts for close to 30 per cent of its annual sales. His candy shop. I want you to have one of these, he says as he pins it on her. McEwan is also bucking Loblaws and industry trends with his approach to private label products. But, like the too-tall florists kiosk in this Vaughan store, theres still work to be done. He reaches into his suit pocket and pulls out a small gold pin. Bill McEwan was not a Sobey to the manor, or the manner, born, but he had come of age in a family-owned grocery business. I have a friend who went there in the 1960's off and on I th Tara Thorne was by no means the voice of arts in Halifax. That means Sobeys CEO Bill McEwan continues to be based in the small East Coast town. An enterprise-wide inventory system that had worked well for a homogeneous regional supermarket chain, which is what Sobeys was when it bought the software, simply couldnt handle what it was being asked to do for 1,300 stores operating across the country under more than 20 different names. McEwan spends much of his time on the road these days, encouraging employees, quizzing customers, checking whats on offer in the bakery. No, value wasnt quite the word he was looking for. Last year, Sobeys which rang up fiscal 2003 sales of $10.41 billion, seven per cent higher than the year before and had net earnings of $179 million ($2.72 a share), 11 per cent higher than in 2002 poured $546 million into renovating and expanding its own chain of stores, and will spend another $600 million this year. org sobeys employee self service login; Rob sobey net worth SAP NetWeaver Portal 2020 Sobeys Employee Self Service Login Copyright 2021 St. Joseph Communications. They want convenience, and they want a worthwhile shopping experience., Analysts are divided on that. Tories to call aides to Sajjan, Trudeau to testify on Vance allegations. Worth it for their net worth? Sobeys CEO is ready for grocers' code of conduct Back to video Taken to the extreme, some of these behaviours are just plain bad for Canada, he said during a virtual event hosted by the Empire Club of Canada. Please check your details, and try again. This years average CEO salary among the top 100 highest-paid executives topped$10.4 million, which is 209 times the annual wage of an average Canadian. David had the same instincts, the same passion and focus on the business as Jimmy did. smashed the record for the top spot last year, RBC is the first Canadian bank to weigh CEO pay against average employee salaries, Full details at the Canadian Centre for Policy Alternatives, Valeant Pharmaceuticals International Inc, Former President & CEO, Progressive Waste, Group Head, International Banking & Digital Transformation, Chairman & CEO, George Weston Ltd. & Loblaw Cos Ltd, President & CEO, Mackenzie Inc & Mackenzie Investments. Im the key to the business.. The reports author, CCPA Senior Economist David Macdonald, said the growing gap between CEOs and the average employee is particularly stark as several of these business leadersLoblaw Cos. CEO Galen G. Weston, for instancehave been vocal opponents of raising the minimum wage. It was raining heavily in White Plains, NY, on the late June morning in 2000 when Bill McEwan boarded Sobeys corporate jet for a flight to Stellarton to meet The Family. Aphrodisiac: Sex, politics, power and Gerald Regan, Interview for Pierre Bertons book The Joy of Writing, Interview for Pierre Berton's book 'The Joy of Writing', Its time for Canada to strengthen our ties with Cuba. Safeway and Metro, Sobeys next closest rivals, were reportedly interested in bidding as well. The company is headquartered in Stellarton, Nova Scotia.Empire Company also owns the Sobeys supermarket chain. The man does. McEwan lowers his arm. Sobeys CEO calls competitors' fee increases on suppliers 'repugnant' 2020-10-28. Value-added? Better, David Sobey, who took him on a tour of local Sobeys stores, reminded him of Jimmy Ferraro. The left-leaning think tank uses thefigures to highlight the gap between what the average Canadian makes compared to C-suite executives. Day had called a special Board meeting for Jan. 24, less than a month from today, so McEwan could make his report directly to the Board. Michael J. Pearson, Valeants former CEO, smashed the record for the top spot last year with $183 million in total compensation; this year Valeants new CEO, Joseph Papa, held on to the number-one ranking with $83 million. And the industry is still rife with rumours of other possible mergers, takeovers and consolidations that could threaten Sobeys hold on second place, or even, ultimately, its very survival. I only wish Id had a guy like Bill around to work with me when I was in my 40s and 50s.. In the spring of 2000, the Sobey family had some important decisions to make. Hows it going? he asks. You cant see past it to the dairy, frozen foods and general merchandise sections. After he leaves, McEwan turns to Sheri. A free inside look at company reviews and salaries posted anonymously by employees. The system stayed down for five days. Could McEwan work with the Sobey family who, after all, still controlled more than 60 per cent of the supermarket chain? Consolidatiion and worth strategies notwithstanding, Cynthia Rose-Martel, an analyst with Jennings Capital Inc., says Sobeys still hasnt demonstrated it has a viable strategy for increasing sales productivity in its stores. Mr. Medline is a proven leader with a strong record of success. In 1983, Jimmy sent him to Calgary as general manager of merchandising though that wasnt my title. When he was just 15, McEwan lucked into a part-time job bagging groceries at Ferraros Super Valu in his hometown of Trail, BC. It was bloody cold at Melmerby Beach today. The Canadian Centre for Policy Alternatives released a list earlier this year of the top 100 highest paid CEOs. Michael J. Pearson, Valeants former CEO, smashed the record for the top spot last yearwith $183 million in total compensation; this year Valeants new CEO, Joseph Papa, held on to the number-one ranking with $83 million. At A&P Canada, which at the time was in need of a turnaround, McEwan gained a reputation as a problem solver. McEwan professes not to be concerned. Sorry, we weren't able to sign you up. For his part, McEwan wanted to understand the grocery business from the supplier side. https://ca.wallmine.com/otc/emlaf/officer/2107052/paul-sobey The same with franchisees. By 2002, it would finally nudge past Sobeys and claim 35 per cent of the regions grocery market compared with Sobeys 34 per cent share. We are back on Bill McEwans guided tour of the new, fresh faces of Sobeys stores. But a distant number two, still only half as big as Loblaws. Great news, we've signed you up. It absorbed still another blow a month later when the company issued a terse press release announcing the resignation, effective immediately, of its long-time chief financial officer. Metro Inc. is a Canadian food retailer operating in the provinces of Quebec and Ontario.The company is based in Montreal, Quebec with head office at 11011 Boulevard Maurice-Duplessis. Or? He did such a good job the company rewarded him by appointing him president of its newly formed U.S. Atlantic Division in March 2000. We have our own strategy and were implementing it.. He knew now what he wanted to tell the Board. Look over there, he urges. It was mostly run by Paul until 2013 when he was replaced by Marc Poulin, who was recently fired and replaced by CFO Francois Vimard where troubles began. Things didnt finally begin to look up, in fact, until April 2002 when McEwan announced Sobeys had sold SERCA, for $440 million. Bill McEwan was 20 years old. That wasnt the only way in which the company was changing. The idea of moving the head office "is fighting language," Donald snorts. Every department is colour-coded, McEwan enthuses. You can go back to school later, he said. Through the friend of a friend, he sent a message back to David Sobey. It features an image of a key beneath the Sobeys logo. Even if it had been, of course, theres no guarantee Sobeys would have been the successful suitor. He was also the glue that held the family business together. Hed already passed muster with the presidential search committee in Toronto, so todays visit to the companys head office was a critical test. His empire of pharma Though Oilers fans have resolved themselves to a team in perpetual rebuilding mode, the success of Katzs non-hockey businesses have propelled him to be the 13th richest Canadian, and the wealthiest in Alberta. While the Nova Scotia Government effectively gave Sobeys $3.5 million just to stay put, it was clear that, wherever its titular head office, real corporate power in Sobeys was tilting westward. But will that be enough to overtake Loblaws, which, of course, isnt waiting for Sobeys to get its sales act together. 4 months Sobeys CEO is ready for grocers code of conduct Financial Post 7 hours Warren Buffetts net worth reaches $100 billion Financial Post 7 hours Twitter says deeply concerned after Russian move Financial Post . Is Sheri around? McEwan asks. No, the word he wanted needed to be more serviceable, more inclusive. In the second generation, Frank Sobey, a legendary Nova Scotia entrepreneur, had transformed his fathers hometown grocery store in Stellarton, NS, into a regional business empire (see sidebar). St. Joseph Communications uses cookies for personalization, to customize its online advertisements, and for other purposes. Sobeys couldnt even count on regional loyalty to maintain its traditionally dominant position in the Maritimes. Today, on this bleak, late-December day, the beach seemed like the right place to clear my head.. After Coke, he jokes, A&P felt like coming home, but coming home to a much bigger house.. (Companies take varying amounts oftime to disclose executive compensation, which is why this ranking covers the year 2016.) Thats why it hired McEwan, the former president of A&P Canada, as its president and chief executive officer in 2000. I felt like Id arrived, McEwan says now. When he and his second wife Donna, a former marketing executive at Coke, talked about the idea of moving to Stellarton, she joked that shed miss him.. Read more financial news.. What should he tell them? Thanks to Bill McEwan. Though he was eventually promoted to Vice President, Market Development, McEwans five-year sojourn at the soft drink company wasnt an entirely satisfying one. And too top-down for his liking. Bill McEwan is like a kid in a candy shop.