Canadian Tire Corp. said Mary Turner will retire from her role as president and CEO of Canadian Tire Bank, effective December 31, 2016.

Named one of Canada’s Most Powerful Women by the Women’s Executive Network, Turner is a Canadian Tire Corporation veteran with 25 years of experience with the organization. During her tenure, she played a role in reshaping the organization’s financial services division and held senior positions in finance, information technology, customer service, credit risk and operations.

Gregory Craig, SVP of Canadian Tire Bank, will assume the role of president and CEO upon Turner’s retirement.

Craig has held progressively senior roles over his 22-year tenure at Canadian Tire Corporation, including CFO of Canadian Tire Financial Services, CFO, FGL Sports and SVP of Financial Planning and Analysis, Canadian Tire Corporation.

Canadian Tire’s retail segment includes Mark’s and FGL Sports (Sport Chek, Hockey Experts, Sports Experts, National Sports, Intersport, Pro Hockey Life and Atmosphere).