Canadian Tire Ousts CEO Medline, Brings Back Wetmore
This article is for subscribers only.
Canadian Tire Corp. ousted Chief Executive Officer Michael Medline, replacing him with former CEO Stephen Wetmore, who led the Canadian retailer for five years.
“The board has taken a unanimous decision to change the leadership of the company at a time of unprecedented change in the retail industry,” Maureen Sabia, chairman of the 93-year-old retailer that sells everything from toasters to autoparts, said in a statement Wednesday.