Second Cup CEO leaves suddenly

MISSISSAUGA, Ont. — The Second Cup’s CEO is leaving the company abruptly, three years after the former Holt Renfrew executive was brought on to lead a rejuvenation of the Canadian coffee chain.

The company (TSX:SCU) says Alix Box’s departure is effective immediately, just two days before the company’s annual meeting on Friday.

She had been one of seven people nominated as directors, but Second Cup says she’s also leaving the board immediately.

Box is being replaced as chief executive on an interim basis by Garry MacDonald, who joined the company’s board of directors earlier this year.

MacDonald is CEO of a firm that provides consulting services to multi-brand franchise organizations, including Yogen Fruz and Pinkberry. Prior to his stint at Maccess Management International, MacDonald was president of Country Style Donuts and Bunsmaster Bakeries.

Within months of Box’s arrival at Second Cup in February 2014, the company announced plans to reduce head office employees, reach new agreements with its franchisees, and raise fresh capital.

Just Posted

Christmas season in Red Deer begins with Festival of Trees

The kickoff to the Christmas season in Red Deer is upon us.… Continue reading

Judge allows Mr. Big evidence in murder trial

Two men accused of triple-murder admitted their involvement to undercover police

Red Deer agency supporting for LGBTQ2S+ youth

New report on LGBTQ2S+ youth from the Office of the Child and Youth Advocate

Four people arrested after gas and dash

Four people were arrested after an alleged gas and dash in two… Continue reading

VIDEO: Replay Red Deer: Nov. 19

Watch news highlights from the week of Nov. 13

Red Deer Christmas Bureau to help 1,300 children this year

Demand is high, but Red Deer always provides

CP Holiday train to stop in Ponoka for another year

The popular train will feature entertainment from Colin James and Emma-Lee

Kittens rescued after allegedly being tossed from vehicle

Couple finds abandoned kittens new home through Facebook

VIDEO: ‘Party bus’ goes up in flames in Vancouver

Fire crews responded to the late night blaze

Chicken crosses B.C. road, stops traffic

Rooster makes early morning commuters wait in Maple Ridge

Red Deerian honours her brother who died in a motorcycle collision

Houaida Haddad is encouraging Red Deer residents to donate blood

Red Deer County firefighters to be recognized for Waterton help

RCMP brass will give formal recognition Monday

Ron James tries to lighten humanity’s load through humour

The comedian returns to Red Deer for shows Dec. 1 and 2

Most Read

Five-day delivery plus unlimited digital access for $185 for 260 issues (must live in delivery area to qualify) Unlimited Digital Access 99 cents for the first four weeks and then only $15 per month Five-day delivery plus unlimited digital access for $15 a month