Canadian Tire has been ranked as one of Canada's best managed companies. It's being recognized for its high-performing culture and innovative business strategy. The award is part of a program sponsored by Deloitte, CIBC, National Post, Queen's School of Business and Mackay CEO Forums.

"It's a great honour to be recognized as one of Canada's Best Managed Companies," said Doug Nathanson, Chief Human Resources Officer, Canadian Tire Corporation. "We have seen a significant cultural shift in the past few years at Canadian Tire that has increased employee engagement, positively impacted financial results and heightened pride in the Canadian Tire brand -- all of which is a testament to our dedicated employees and strong leadership team."

Canadian Tire has operated for over 90 years. The Company has grown to nearly 1,700 retail and gasoline outlets across its umbrella of Companies, which includes Canadian Tire retail stores, PartSource, Gas+, FGL Sports (Sport Chek, Hockey Experts, Sports Experts, Pro Hockey Life, National Sports, S3 and Atmosphere), Mark's, Canadian Tire Jumpstart Charities and CT REIT, and is supported by Canadian Tire Financial Services. Today, more than 85,000 people are employed across the Canadian Tire enterprise, which was founded in 1922.

"Canadian Tire has always delivered what our customers and communities need for life in Canada, thanks to the loyalty and dedication of our team. Across our family of companies, we are constantly implementing new and sustainable solutions to meet customer, employee and investor expectations, while strengthening our position within the industry," added Nathanson.

Established in 1993, Canada's Best Managed Companies is the country's leading business awards program recognizing Canadian companies that have implemented world-class business practices and created value in innovative ways. Applications are reviewed by an independent judging panel that evaluates how companies address various business challenges, including brand management, new technologies, globalization, leadership, leveraging and developing core competencies, designing information systems, and hiring the right talent to facilitate growth and support corporate culture.

"We believe that there are three vital building blocks to sustainable growth: strategy, capability, and commitment; Canadian Tire Corporation has demonstrated it is a model of success in all three areas and is duly recognized as one of Canada's Best Managed," said John Hughes, National Leader of Canada's Best Managed Companies and Managing Partner, Growth Enterprises, Deloitte.

For the full list of 2013 winners of Canada's Best Managed Companies program, visit https://www.canadas50best.com/en/meetourwinners/Pages/BestManagedWinners.aspx

[Canadian Tire website]