02:48 PM EST, 01/20/2025 (MT Newswires) -- Retailer Canadian Tire ( CDNTF ) (CTC.TO and CTC-A.TO) on Monday afternoon announced that Darren Myers will join the company as Executive Vice President and Chief Financial Officer (EVP and CFO), effective April 1, 2025, on the retirement of Gregory Craig.

Craig is retiring after a 31-year career at CTC, during which time, the company said, "he made notable contributions, both through his career at Canadian Tire Financial Services and in his five years as EVP and CFO."

Monday's statement noted Myers comes to the role with over a decade of experience leading operational finance functions and capital markets interactions. He served as CFO of Celestica ( CLS ) and subsequently took on the CFO roles at retailer Loblaw Companies Limited ( LBLCF ) and Algonquin Power & Utilities Corporation ( AQNB ) .

"As we look beyond our Better Connected strategy at our next horizon, Darren will bring a combination of operational, transformational, and sector expertise to complement our strong leadership team," said President and CEO Greg Hicks. "He has a track record of managing near-term performance and long-term planning, and he understands the complexities of retail."

Outgoing CFO, Craig, will manage the company's pending Q4 2024 reporting and remain an executive advisor until June 30, 2025. CTC will report Q4 2024 earnings as scheduled on Thursday, Feb. 13, 2025.

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