METRO Announces Board Chairman Réal Raymond Retirement, Appointment of Pierre Boivin As Incoming Chairman
CANADA - Like an Olympian in a relay race, there always comes a time for one to pass their torch. That time has come for one retailer’s team of leaders as METRO’s Chairman of the Board of Directors Réal Raymond has announced his retirement. Pierre Boivin, a current Independent Director of the Board, will become the new Chairman, assuming he is re-elected by the shareholders, at the company’s annual general meeting set for January 26, 2021.
Following a distinguished career at the National Bank of Canada where he held various positions, including President and Chief Executive Officer, Raymond joined METRO’s Board of Directors in 2008. He became Lead Director in 2010 and then Chairman of the Board in 2015.
“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,” said Boivin. “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.”
Boivin was appointed to METRO’s Board of Directors in 2019. He is President and Chief Executive Officer of Claridge Inc., a private investment firm. He is also a member of the Board of Directors of various large Canadian corporations including the National Bank of Canada.
From 1999 to 2011, Boivin was President and Chief Executive Officer of the Club de hockey Canadien Inc., the Bell Centre and evenko, according to a press release.
“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. “Réal’s guidance and steadfast support of management have been essential to the success of METRO’s growth strategy. We wish him the very best as he retires from our Board.”
We wish the best of luck to Réal Raymond and Pierre Boivin on these next steps!