In a move tied to the company’s acquisition plans, MTY Food Group Inc. announced a series of senior management changes. Company founder Stanley Ma will step down from his role as CEO effective Nov. 2, 2018.

Ma will retain his role as chairman of the board of directors for the company he founded. When Ma steps down, Eric Lefebvre will become CEO of MTY Food Group.

"I intend to be an active chairman, providing guidance for our acquisition strategy, while Mr. Lefebvre and our remarkable senior leadership team will carry the operations of the company and execute MTY's strategy,” Ma said in a release announcing the transition.

In addition, Claude St-Pierre will step down from her role as COO of MTY on Nov. 2, 2018 to “concentrate on the execution of the company's acquisition strategy.” St-Pierre will retain her role as a director and secretary of MTY. 

Lefebvre joined MTY in 2009 as vice president and controller. He was promoted to CFO, his current role, in 2012.