Canadian home improvement retailer Rona inc. (RON.TO) said Tuesday that it has appointed Robert Sawyer as President and CEO, effective in April.
Before joining Rona, Sawyer was Executive Vice President and Chief Operating Officer of Canadian grocer Metro Inc. (MRU.TO). He spent more than 30 years at Metro, holding various executive positions.
Dominique Boies, acting CEO, remains Rona's Executive Vice President and Chief Financial Officer. He will assist Robert Sawyer and play an important role on the company's management committee.
In January, Rona entered into an agreement with two of its largest shareholders, Caisse de depot et placement du Quebec and Invesco Canada Ltd., providing for several changes to board. The company also appointed Robert Chevrier as Executive Chairman, replacing Robert Pare.
Rona last year rejected an C$1.8 billion takeover offer from U.S.- based home improvement retailer Lowe's Companies Inc. (LOW). Robert Dutton, who was Rona's President and Chief Executive Officer at that time, stepped down in November.
Rona shares are currently trading at C$10.95, up C$0.39 or 3.69%.
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