Board of Directors

The role of the Board is to provide governance and stewardship to George Weston Limited which consists of reviewing corporate strategy, assigning responsibility to management for achievement of that strategy, establishing limitations on the authority delegated to management, and overseeing performance against approved objectives. In fulfilling this role, the Board regularly reviews management’s strategic plans so that they continue to be responsive to the changing business environment in which the Company operates.

The Board oversees the Company’s approach to corporate governance, succession planning, capital structure and finance matters, risk management activities, compliance and ethics matters, internal control over financial reporting, disclosure controls and procedures, environmental, social and governance matters, and information systems to ensure that the Company accurately and fairly reports information to shareholders, other stakeholders and the public.

In addition, the Board is required to appoint corporate officers, and satisfy itself as to the integrity of senior management, ensure that the Company engages in ethical and legal conduct and that senior management maintains a culture of integrity throughout the Company.

Galen G. Weston, Chairman of the Board

Mr. Weston is the Chairman and Chief Executive Officer of the Corporation and Chairman of Loblaw Companies Limited. He previously held several senior executive positions with Loblaw and its subsidiaries. Prior to joining Loblaw, he was an investment banking analyst for Salomon Brothers in the U.K.

Mr. Weston has a B.A. from Harvard University and an M.B.A. from Columbia University.

Mr. Weston is Chairman of President’s Choice Bank, Chairman of Wittington Investments, Limited and is President of the Weston Family Foundation. Mr. Weston is the former Chair and trustee of Choice Properties Real Estate Investment Trust.

M. Marianne Harris

Ms. Harris, a corporate director, was the former Managing Director and President of Corporate and Investment Banking for Merrill Lynch Canada Inc. and Head of Financial Institutions Group Americas, Merrill Lynch Pierce Fenner & Smith. Prior to Merrill Lynch, she held various investment banking positions with RBC Capital Markets from 1984 to 2000.

Ms. Harris serves as a director of Loblaw Companies Limited, President’s Choice Bank and Sun Life Financial Inc. and is a former director of Hydro One Limited/Hydro One Inc. In addition, Ms. Harris is a director of the Public Sector Pension Investment Board, a member of the Dean’s Advisory Council at the Schulich School of Business, and the Advisory Council of the Hennick Centre for Business and Law. Ms. Harris is a former Chair of the board of the Investment Industry Regulatory Organization of Canada (IIROC).

Ms. Harris holds an M.B.A. degree from the Schulich School of Business, a J.D. degree from Osgoode Hall Law School and a B.Sc. (Honours) from Queen’s University.

Nancy H.O. Lockhart

Ms. Lockhart, a corporate director, is the former Chief Administrative Officer of Frum Development Group and a former Vice President of Shoppers Drug Mart Corporation.

Ms. Lockhart currently sits on the boards of Choice Properties Real Estate Investment Trust and Atrium Mortgage Investment Corporation and previously served on the boards of Loblaw Companies Limited, Gluskin Sheff & Associates Inc. and Barrick Gold Corporation. Ms. Lockhart is also Chair Emeritus of the Crow’s Theatre Company and Chair of the Board of Alignvest Student Housing. She is a former director of the Canada Deposit Insurance Corporation, the Royal Conservatory of Music, the Centre for Addiction and Mental Health Foundation, former chair of the Ontario Science Centre, former President of the Canadian Club of Toronto and a former chair of the Canadian Film Centre.

Ms. Lockhart has an Institute of Corporate Directors ICD.D certification.

Sarabjit (Sabi) S. Marwah

Mr. Marwah, a corporate director, is a former member of the Senate of Canada. He is the former Vice-Chairman and Chief Operating Officer of The Bank of Nova Scotia.

Mr. Marwah serves as a director of Cineplex Inc. and ONEX Corporation. Mr. Marwah is a former director of as a director of TELUS Corporation, former chair and trustee of the Hospital for Sick Children, former chair of the Humber River Regional Hospital and a former member of the boards of directors of the C.D. Howe Institute and the Toronto International Film Festival.

Mr. Marwah has an M.B.A. from the University of California, Los Angeles. He obtained an undergraduate degree in Economics (Honours) from the University of Calcutta and a Masters degree in Economics from the University of Delhi.

Gordon M. Nixon

Mr. Nixon is the Chair of BCE Inc. and the former President and Chief Executive Officer of Royal Bank of Canada, a position he held from August 2001 to August 2014. Mr. Nixon first joined RBC Dominion Securities Inc. in 1979, where he held a number of operating positions, one of which was as Chief Executive Officer.

Mr. Nixon serves as a director of BCE Inc. and BlackRock, Inc. and sits on the Advisory Board of KingSett Canadian Real Estate Income Fund, L.P. and is a trustee of the Art Gallery of Ontario.

Mr. Nixon earned a Bachelor of Commerce (Honours) degree from Queen’s University and holds Honorary Doctorates of Laws from Queen’s University and Dalhousie University. He is a Member of the Order of Canada and the Order of Ontario.

Barbara G. Stymiest

Ms. Stymiest, a corporate director, is a former member of the Group Executive of Royal Bank of Canada responsible for the overall performance of the bank. Ms. Stymiest is a former Chief Executive Officer of TMX Group Inc., Executive Vice-President and Chief Financial Officer at BMO Capital Markets and Partner of Ernst & Young LLP.

Ms. Stymiest serves as a director of Sun Life Financial Inc., President’s Choice Bank, the Canadian Institute for Advanced Research and the Advisory Council for the Ivey Institute of Leadership. Ms. Stymiest served as a director of BlackBerry Limited from 2007 to 2022.

Ms. Stymiest has a H.B.A. from Richard Ivey School of Business, University of Western Ontario. She is a Fellow Chartered Accountant and a Fellow Chartered Professional Accountant.

Cornell Wright

Mr. Wright serves as President of Wittington Investments, Limited. Mr. Wright joined Wittington in 2021 following a 20-year career at the law firm of Torys LLP, where he was a leading corporate lawyer. Mr. Wright served as Chair of the firm’s Corporate practice and former co-head of the firm’s M&A practice. Mr. Wright has a broad range of experience in complex transactional, securities, private equity, regulatory, governance and compliance matters. Mr. Wright is a Fellow of The American College of Governance Counsel.

Mr. Wright is a director of Loblaw Companies Limited, Choice Properties Real Estate Investment Trust and BCE, Inc. Mr. Wright is a Trustee of University Health Network and a member of the Dean’s Advisory Board at the University of Toronto’s Rotman School of Management. He is past Chair of the Board of Directors of the National Ballet of Canada.

Mr. Wright holds J.D. and M.B.A degrees from the University of Toronto and a B.A. from McGill University.

Notes

1 Audit Committee 2 Governance, Human Resource, Nominating and Compensation Committee * Chair of the Committee