TORONTO, Oct. 12, 2016 /CNW/ - Canadian Tire Corporation, Limited (TSX:CTC, TSX:CTC.A) today announced that Mary Turner will retire from her role as President and Chief Executive Officer of Canadian Tire Bank, effective December 31, 2016.

Named one of Canada's Most Powerful Women by the Women's Executive Network, Turner is a Canadian Tire Corporation veteran with 25 years of experience with the organization. During her tenure, she played a transformative role in reshaping the organization's financial services division and held senior positions in finance, information technology, customer service, credit risk and operations.

"Mary Turner has had a distinguished career with Canadian Tire Corporation," said Stephen Wetmore, President and CEO, Canadian Tire Corporation. "She has made numerous contributions and her accomplishments are immense. We thank her for her long-standing dedication and commitment to the Tire and on behalf of the Board and the entire organization, we wish her well."

Gregory Craig, Senior Vice President, Canadian Tire Bank will assume the role of President and Chief Executive Officer of Canadian Tire Bank upon Turner's retirement. Gregory has held progressively senior roles over his 22-year tenure at Canadian Tire Corporation, including Chief Financial Officer of Canadian Tire Financial Services, Chief Financial Officer, FGL Sports and Senior Vice President of Financial Planning and Analysis, Canadian Tire Corporation.  

ABOUT CANADIAN TIRE CORPORATION
Canadian Tire Corporation, Limited, (TSX:CTC.A) (TSX:CTC) or "CTC," is a family of businesses that includes a retail segment, a financial services division and CT REIT. Our retail business is led by Canadian Tire, which was founded in 1922 and provides Canadians with products for life in Canada across its Living, Playing, Fixing, Automotive and Seasonal categories. PartSource and Gas+ are key parts of the Canadian Tire network. The retail segment also includes Mark's, a leading source for casual and industrial wear, and FGL Sports (Sport Chek, Hockey Experts, Sports Experts, National Sports, Intersport, Pro Hockey Life and Atmosphere), which offers the best active wear brands. The 1,700 retail and gasoline outlets are supported and strengthened by our Financial Services division and the tens of thousands of people employed across the country by the Company and its local dealers, franchisees and petroleum retailers. For more information, visit Corp.CanadianTire.ca.

SOURCE CANADIAN TIRE CORPORATION, LIMITED