Retailer moves to helm of distribution firm
Mississauga, ON - Wajax Corp. has appointed Mark Foote as president and chief executive officer, although the posting is not effective until March 5, 2012. He'll replace the retiring Neil Manning.
Mississauga, ON – Wajax Corp. has appointed Mark Foote as president and chief executive officer, although the posting is not effective until March 5, 2012. He’ll replace the retiring Neil Manning.
Foote has served as president and chief executive officer of Zellers since 2008. He’s currently in the processing of liquidating most of the retailer’s stores; the remainder having been acquired by Target, a US retail chain that’s coming to Canada.
Previously, Foote was the president and chief merchandising officer at Loblaw Companies, where he oversaw procurement and merchandising functions for all lines of business, marketing, supply chain and information technology.
Foote also had an extensive career with Canadian Tire Corp., where he worked for more than 20 years, including five years as president, Canadian Tire Retail. He has an MBA from the University of Toronto.
“On behalf of the board of directors, I thank Neil Manning for his commitment and outstanding contribution to Wajax over nearly a decade,” said Paul Gagne, chairman of the board of Wajax. “Neil has transformed the company into a high-performance and valued distributor of equipment, industrial components and power systems, operating across Canada under the Wajax brand.”
Wajax is a $1.1-billion Canadian distributor and service support provider of equipment, industrial components and power systems. Its three distinct core businesses operate through a network of 117 branches across Canada. Its customer base spans natural resources, construction, transportation, manufacturing, industrial processing and utilities.
Earlier this fall, Wajax unveiled new brands for its three key divisions: Wajax Power Systems, Wajax Industrial Components, and Wajax Equipment. Wajax Industrial Components was formerly known as Kinecor and its Peacock division; Wajax Power Systems combined Waterous Power Systems, DDACE Power Systems, and Harper Power Products; Wajax Equipment became the updated name for Wajax Industries.