Retiring Réal Raymond set to step down next month
Canadian food and drug retailer Metro Inc. has named independent director Pierre Boivin as chairman of the board, succeeding Réal Raymond, who is retiring.
Plans call for Boivin to take the reins as chairman upon being elected at Metro’s annual shareholders meeting on Jan. 26. Raymond, who has served as chairman of Montreal-based Metro since January 2015, will step down at that time.
“It is an honor and a privilege to be selected by the board as incoming Chairman. I very much look forward to helping Metro, one of the best food and pharmacy distributors and retailers in Canada, continue its growth and development,” Boivin (left) said in a statement. “Réal Raymond has been an excellent chairman of the board at a time of significant growth for the company. On behalf of the board, I extend our sincere gratitude and appreciation to Réal for his contribution to Metro’s success.”
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MONTREAL, Dec. 14, 2020 /CNW Telbec/ - METRO INC. (TSX:MRU) announces the retirement of Réal Raymond, Chairman of the Company s Board of Directors. His retirement will take effect at the conclusion of METRO INC. s coming annual general meeting of shareholders (AGM) on January 26, 2021, when Pierre Boivin, a current independent director of the Board, will become Chairman, assuming he is re-elected by the shareholders at the AGM.
Following a distinguished career at the National Bank of Canada where he held various positions, including President and Chief Executive Officer, Mr. Raymond joined METRO INC. s Board of Directors in 2008. He became Lead Director in 2010 and then Chairman of the Board in 2015. On behalf of all shareholders, I wish to acknowledge the strong leadership of Réal Raymond who is retiring as Chairman after serving METRO so well for all of these years , said Eric La Flèche, President and Chief Executive Officer of METRO INC. Réal s guidance and steadfas