TORONTO — Pavi Binning has been named chief financial officer of George Weston Ltd., effective Aug. 16. Mr. Binning will succeed Bob Vaux, who will remain with the company as part of his planned transition to retirement by the end of 2011.

Mr. Binning most recently was executive vice-president, c.f.o. and chief restructuring officer of Nortel Networks. Earlier, he was group finance director at Hanson P.L.C., c.f.o. at Marconi Corporation P.L.C., and he held a number of senior corporate and operational finance roles at Diageo P.L.C.