Press Releases

Shoppers Drug Mart Corporation announces senior management changes

Jan 7, 2009

TORONTO, Jan. 7 /CNW/ - Shoppers Drug Mart Corporation (TSX:SC) today
announced that George Halatsis, Executive Vice President & Chief Financial
Officer will be leaving the Company later this month to pursue another career
opportunity. The Company also announced today the appointment of Bradley Lukow
as the Company's new Executive Vice President & Chief Financial Officer.
Mr. Halatsis joined the Company as EVP & CFO in 2002 and has played an
important role in the successful growth of the Company and its transformation
to a broadly held major Canadian corporation. He will be supporting a smooth
transition to Mr. Lukow, with whom he has worked closely since joining the
Company.
Mr. Lukow brings extensive experience with Shoppers Drug Mart gained over
14 years in senior finance roles with the Company, as well as prior experience
in the grocery retail industry. He joined Shoppers Drug Mart in 1994, and held
roles of increasing responsibility in the finance department. He was promoted
to Senior Vice President, Finance, in 2000. In 2001, as the most senior
finance executive in the Company at the time, he led the highly successful
initial public offering of Shoppers Drug Mart. Mr. Lukow is a Chartered
Accountant and holds an Honours Bachelor of Arts degree in Business
Administration from the University of Western Ontario.
Commenting on the transition, Jurgen Schreiber, President & Chief
Executive Officer stated, "George has made a very solid contribution to our
success at Shoppers Drug Mart over the past six years. Although we are sorry
to see him leave, our strong succession plan in finance ensures we will have a
smooth transition and continued strong leadership with Brad as our CFO".

About Shoppers Drug Mart Corporation

Shoppers Drug Mart Corporation is one of the most recognized and trusted
names in Canadian retailing. The Company is the licensor of full-service
retail drug stores operating under the name Shoppers Drug Mart (Pharmaprix in
Québec). With more than 1,120 Shoppers Drug Mart and Pharmaprix stores
operating in prime locations in each province and two territories, the Company
is one of the most convenient retailers in Canada. The Company also licenses
or owns more than 25 medical clinic pharmacies operating under the name
Shoppers Simply Pharmacy (Pharmaprix Simplement Santé in Québec) and two
luxury beauty destinations operating as Murale. As well, the Company owns and
operates 66 Shoppers Home Health Care stores, making it the largest Canadian
retailer of home health care products and services. In addition to its retail
store network, the Company owns Shoppers Drug Mart Specialty Health Network
Inc., a provider of specialty drug distribution, pharmacy and comprehensive
patient support services, and MediSystem Technologies Inc., a provider of
pharmaceutical products and services to long-term care facilities in Ontario
and Alberta.
Additional information about the Company, including the Annual
Information Form, can be found at www.sedar.com.

For further information: Media Contact: Tammy Smitham, Director, Communications & Corporate Affairs, (416) 490-2892, or corporateaffairs@shoppersdrugmart.ca, (416) 493-1220, ext. 5500; Investor Relations: (416) 493-1220, ext. 5678, investorrelations@shoppersdrugmart.ca


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