Canadian Tire Corporation, Limited announced that Maureen Sabia will retire as Chairman and from the Board of Directors following the Company's Annual Meeting of Shareholders on May 12, 2022. She will be succeeded as Chairman by J. Michael Owens following his re-election as a director at that meeting. Mr. Owens has been a director of CTC since 2020 and currently chairs the Brand and Corporate Responsibility Committee.

He is a Fellow of the Chartered Professional Accountants of Ontario and a former partner of Deloitte LLP. Throughout his career, Mr. Owens held several senior leadership roles at Deloitte Canada and Deloitte Touche Tohmatsu, Deloitte's global network.