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Richelieu announces changes to its Board of Directors
MONTREAL, Jan. 21, 2013, 2013 (Canada NewsWire via COMTEX) --
TSX: RCH
The President and Chief Executive
Officer of Richelieu, Mr.Richard Lord, announces that Mr. Robert
Chevrier will step down as Chairman of the Board of Richelieu, a
position he has held since April 2005, Richelieu having benefited from
his counsel as Director since 1991. Mr.Chevrier has agreed to sit on
Rona's Board as Executive Chairman.
"We wish Robert Chevrier the greatest success in his new
responsibilities with Rona, a company we have been proud to count among
our customers for several years. Richelieu has benefited from Mr.
Chevrier's experience and counsel for over 20 years, and he has
contributed to the Company's success. Richelieu's Board members and
management and our team join me in highlighting this contribution, and
we sincerely thank him," indicated Mr.Lord.
Mr. Richard Lord also announces that Mr. Marc Poulin, President and
Chief Executive Officer of Sobeys Inc., will be elected as Director of
Richelieu at the next Board meeting to be held on January 24, 2013.
Holding an MBA and a Bachelor of Actuarial Sciences, Mr. Poulin has a
wealth of experience in management, marketing and strategic
merchandising in the retail industry, having held various senior
management positions with Sobeys Québec Inc. over the past twelve
years, and previously for eight years with Provigo Distribution.
"We will be pleased to welcome Mr. Marc Poulin as Director. His
extensive specialized experience and his dynamism will be of great
benefit to Richelieu," added Mr. Richard Lord.
Profile of Richelieu as at January 21, 2013
Richelieu is a leading North American distributor, importer and
manufacturer of specialty hardware and complementary products. Its
products are targeted to an extensive customer base of kitchen and
bathroom cabinet, furniture, and window and door manufacturers plus the
residential and commercial woodworking industry, as well as a large
customer base of hardware retailers, including renovation superstores.
Richelieu offers customers a broad mix of high-end products sourced
from manufacturers around the world. Its product selection consists of
more than 90,000 different items targeted to a base of some 70,000
customers who are served by 60centres in North America -
34distribution centres in Canada, 24 in the United States and two
manufacturing plants in Canada, specifically Cedan Industries Inc.
which specializes in the manufacture of a wide variety of veneer sheets
and edgebanding products and Menuiserie des Pins Ltée which
manufactures components for the window and door industry and a broad
selection of decorative mouldings.
SOURCE: RICHELIEU HARDWARE LTD.
To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/January2013/21/c7128.html
SOURCE: RICHELIEU HARDWARE LTD.
Richard Lord,President and Chief Executive Officer 514-336-4144www.richelieu.com
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