Canadian Tire Corporation, Limited (CTC.A:CA) Discusses Strategic Transformation and Vision Including True North Initiative and Organizational Changes Transcript

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Christopher Li
Desjardins Securities Inc., Research Division

My pleasure again to welcome Canadian Tire, Darren Myers, about 6 months into the job.

Darren Myers
Executive VP & CFO

I think we’re almost at 8 months. And I’m keeping track.

Christopher Li
Desjardins Securities Inc., Research Division

Yes. No, welcome. Maybe this is a good time given that you’re relatively new, I wanted to give you an opportunity to just share with us since coming in from [indiscernible] to Canadian Tire Retail, what has surprised you so far in the business? You can start with that, yes.

Darren Myers
Executive VP & CFO

Yes. Listen, well, let me say thank you, everybody. It’s great to be here today. It’s great to be at your inaugural Toronto conference. I’m hearing lots of positive feedback. So well done to Desjardins for that.

Yes, for me, and listen, there’s a lot in that question. Probably the best thing for me is if I just step back and think about before I came in the company, I spent a lot of time with Greg, and we talked about this vision, we talked about True North, and I was obviously excited by it. As I’ve been in the company for almost 8 months now, I’m actually more bullish on the opportunity in front of us. And really, the big reason for that is what we’re calling True North.

And I’ll maybe talk a little bit about how that’s coming to life. But in terms of the — there’s really kind of 4 quadrants or

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