Canadian Tire Corp., Ltd. (CTC) announced that Maureen Sabia would retire as Chairman and from the Board of Directors following the company’s Annual Meeting of Shareholders on May 12, 2022. Sabia will be succeeded as Chairman by J. Michael Owens following his re-election as a Director at the shareholder’s meeting.
Owens has been a director of CTC since 2020 and currently chairs the Brand and Corporate Responsibility Committee. He is a Fellow of the Chartered Professional Accountants of Ontario and a former partner of Deloitte LLP. Throughout his career, Owens held several senior leadership roles at Deloitte Canada and Deloitte Touche Tohmatsu, Deloitte’s global network. Owens led strategy at Deloitte for private companies in 150 countries and had management responsibility for the firm’s 50 Canadian offices.
“I am honored to have been selected as CTC’s next Chairman of the Board. I am grateful for their confidence in me and look forward to working with my Board colleagues and the management team on advancing the company’s long-term growth strategy,” said Owens. “On behalf of the Board, thank you to Maureen for her vision, steadfast leadership and tireless commitment to CTC, especially during the past two years, which has helped the company emerge from the pandemic in a position of strength.”
“On behalf of our entire organization, I thank Maureen for her 37 years of dedicated service to CTC,” said Greg Hicks, President & CEO. “Maureen’s track record of strategic thinking and focus on execution has been instrumental in helping transform CTC into the strong and successful company it is today. She has been a constant source of support to the management team and me as we navigated through the pandemic, and we have benefited greatly from her wisdom and her leadership.”
“I would also like to welcome Mike Owens as Chairman of the Board. I look forward to working with him in our 100th year and beyond to strengthen our company further and build on our longstanding commitment to making life in Canada better,” added Hicks.
“Being part of the Canadian Tire family for many years has been, for me, an incredibly fascinating experience. With every challenge came new learning. It was one of the greatest privileges of my career to have been part of the Tire’s history and its success. Having the opportunity to work with the company’s talented management and with Martha and Owen Billes has been a truly exceptional gift,” said Sabia. “After 15 years as Chairman, it is time to give the Board new leadership, and I am delighted that Mike Owens will be my successor. Canadian Tire’s Board of Directors will benefit hugely from his leadership, as will Canadian Tire Corporation.”
Canadian Tire’s banners include Canadian Tire, Mark’s, Pro Hockey Life, SportChek, Hockey Experts, Sports Experts, Intersport, and Atmosphere.
Photo courtesy CTC, Maureen Sabia
