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Canadian Tire appoints new CEO

Stephen Wetmore has been named the next president and CEO of Canadian Tire, effective January 2009, the company announced. Wetmore will replace Tom Gauld, who is retiring at the end of the year but will remain on the board of directors.

Wetmore has served as an independent member of the board of directors of Canadian Tire since 2003. Most recently, he served as president and CEO of Bell Aliant, a North American telecommunications provider. He has also held the positions of president and CEO of Air Atlantic, a regional carrier, and managing director of Scotia Holdings, an Anglo-Canadian health care company.

Based in Toronto, Canadian Tire operates 468 retail locations across Canada.

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