The Board of Directors of Canadian Tire Corporation announced the appointment of Michael Medline as President and Chief Executive Officer of the company effective December 1, 2014. The Board also announced that Stephen Wetmore has agreed to remain on the Board of Directors in a new, non-executive position of Deputy Chairman. Michael Medline has been a senior executive of Canadian Tire for more than 13 years and has led many of the Company's most strategic initiatives.

Most recently, in his role as President, Mr. Medline has led all of the company's business units, including a focus on adapting their business models to be more relevant in a world of rapidly changing technology and customer expectations.