W. Galen Weston steps down as head of George Weston Ltd.

PHOTO: By Raysonho, via Wikimedia Commons

The elder Weston will become chairman emeritus of the company, while his 43-year-old son Galen G. Weston, becomes chairman.

The younger Weston will retain his responsibilities as executive chairman and president of Loblaw Companies Ltd., Canada’s largest grocer.

The 75-year-old W. Galen Weston took executive control of George Weston Ltd. in 1974, when he succeeded his own father.

He says now is a good time to “create space” for the next generation, as his father had done before him.