Empire Announces that after the retirement of CFO Matt Reindel, Costa Pefanis is going to take his chair in May.
Empire Company Limited (TSX: EMP.A) today disclosed that Matt Reindel, Executive Vice President and Chief Financial Officer, will be retiring. Reindel, who has been with the company since 2019, will be succeeded by the current CFO of Green Infrastructure Partners (GIP Inc.), Costa Pefanis. Reindel will remain with the company for the next several months to assist with the transition.
Michael Medline, The President & CEO of Empire said, “Matt certainly helped drive Empire’s turnaround during the pandemic along with other challenging headwinds like persistent inflation and interest rates. He played an important role in Empire’s success.” He also mentioned about his outstanding effort at Empire since 2019 to present time. Matt Reindel became CFO in 2021.
Pefanis comes to Empire with considerable knowledge and practical experience that includes capital and public markets with a focus on retail. He has completed his Bachelor of Commerce graduation from the University of Toronto. Pefanis started his career with Arthur Anderson in its Advisory Practice before moving to Leon’s Furniture Limited (LFL Group) where he spent 19 years in increasingly senior finance positions, including CFO.
“I am extremely excited about Costa coming as CFO on Empire,” Medline added. “He is exceptionally rich, unparalleled really in his professionalism, and an intensely goal-focused figure who will be very important in assisting Empire yield results during the upcoming years.”
About Empire Company Limited
Empire Company Limited (TSX: EMP.A) is a Canadian company based in Stellarton, Nova Scotia. Primary Ventures including food retailing through Sobeys Inc. subsidiary Divisions Inc. under Empire, estate, and a host of other services. Current sales volume stands at $31.1 billion supported with it’s subsidiaries, affiliates and franchises supporting assets of approximately $16.8 billion. Along with this, Empire and its subordinate companies, privileges and other affiliates employ approximately 128,000 people. Financial information regarding empires undisclosed for privacy purposes can be glimpsed at the companies website (www.empireco.ca). In addition to the SEDAR website (www.sedarplus.ca).
