August 16, 2017 3:40 PM ET

Food and Staples Retailing

Company Overview of Sobeys Inc.

Company Overview

Sobeys Inc. engages in the food retailing business. The company operates full service, fresh service, community service, discount service, convenience service, and other format stores that provide meat, produce, seafood, cheese, deli, bakery, grocery, kitchen, and health care products. It owns, affiliates, and franchised approximately 1,500 stores in 10 provinces under the Sobeys, Safeway, IGA, Foodland, FreshCo., Thrifty Foods, and Lawton’s Drug Stores names, as well as approximately 350 retail fuel locations. The company was founded in 1907 and is headquartered in Stellarton, Canada. Sobeys Inc. is a subsidiary of Empire Company Limited.

115 King Street

Stellarton, NS B0K 1S0

Canada

Founded in 1907

Phone:

902-752-8371

Key Executives for Sobeys Inc.

Chief Executive Officer and President
Age: 54
CFO & Executive VP
Age: 55
Executive Vice President of Operations
Senior Vice President, Secretary and General Counsel
Senior Director of Legal Services, Associate General Counsel and Assistant Secretary
Compensation as of Fiscal Year 2017.

Sobeys Inc. Key Developments

Long Island Iced Tea Corp. Continues Expansion in Canada with Sobeys Partnership

Long Island Iced Tea Corp. has been approved for distribution in Sobeys Inc. (Sobeys) main commercial center in Ontario, providing access to over 100 Foodland and Urban Fresh locations across the Ontario market. The company is committed to expanding its distribution across new geographies and announced in September 2016 its first distribution agreement in Canada with Unique Foods.

Sobeys Inc. Announces Executive Changes

Empire Company Limited (company) announced two appointments to its senior executive ranks. Michael Vels has been named Executive Vice President and Chief Financial Officer of the company and its wholly-owned subsidiary Sobeys Inc. effective June 12, 2017. Mr. Vels was most recently Chief Financial Officer of Hydro One where he played an instrumental role in that organization's Initial Public Offering in 2015, laying the foundations for transformation of Hydro One from a crown corporation to a customer focused, commercial investor owned electrical utility. From 2004-2014, he served as Maple Leaf Foods' Chief Financial Officer where he led the company's finance, mergers and acquisitions, information technology and communications functions, supporting the successful transformation of Maple Leaf as it implemented new systems, invested in manufacturing and supply chain initiatives, and finally, in 2014 as Chief Transition Officer led the restructuring of senior management and back office functions. Clinton Keay who has served as Interim Chief Financial Officer since July 2016 will assume the role of Executive Vice President, Technology and Lead of the Transformation Office, overseeing the company's efforts as it moves to restructure the way it does business. Mr. Keay served as the company's head of IT from 2002-2014 before being appointed Executive Vice President, Finance. He will continue to report to Mr. Medline and serve on the company's Leadership Committee.

NeutriSci International Inc. Announces Distribution Agreement with Sobeys and Safeway Canada

NeutriSci International Inc. announced its latest distribution agreement with Sobeys and Safeway Canada.

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Recent Private Companies Transactions

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