MONTREAL, Aug. 12, 2013 /CNW Telbec/ - Dollarama Inc. ("Dollarama" or
the "Corporation") (TSX: DOL) announces that Stephane Gonthier, Chief
Operating Officer since September 2007, will be leaving the Corporation
to become President and Chief Executive Officer of 99¢ Only Stores®, a
U.S. retailer headquartered in California.
"During his six-year tenure, Stephane has been an important member of
the team that has led the growth and success of Dollarama. We thank him
for his tremendous contribution and exceptional leadership and wish him
the very best in his new position," said Mr. Larry Rossy, Chairman and
Chief Executive Officer of Dollarama. "Stephane has helped develop a
very strong and talented management team over the years, a team that
has played an active role in developing our growth strategy and
business model, and we will continue to build on this solid
foundation."
"My time at Dollarama has been a great experience and I am proud of what
we have all accomplished together. The decision to leave was a
difficult one but I am confident that Dollarama is well positioned for
the future, with the right people and resources in place to continue to
deliver on its strategic plan," said Mr. Gonthier. "I would like to
thank Larry and the Board of Directors as well as Dollarama's
management and employees for an incredible journey."
Mr. Gonthier will continue in his role for an interim period to ensure a
smooth and orderly transition before moving to the United States with
his family. An executive search will begin immediately under the
direction of the Board of Directors of Dollarama. After Mr. Gonthier's
departure and until a successor is appointed, Mr. Rossy, Dollarama's
Chairman and Chief Executive Officer, will assume the duties and
responsibilities of the Chief Operating Officer in collaboration with
other members of the senior management team.
About Dollarama
Dollarama is Canada's leading dollar store operator with 806 locations
across the country. Our stores provide customers with compelling value
in convenient locations, including metropolitan areas, mid-sized cities
and small towns. Dollarama aims to provide customers with a consistent
shopping experience, offering a broad assortment of everyday consumer
products, general merchandise and seasonal items. Products are sold in
individual or multiple units at select fixed price points up to $3.00.
Forward-Looking Statements
Certain statements in this news release about our current and future
plans, expectations and intentions, results, levels of activity,
performance, goals or achievements or any other future events or
developments constitute forward-looking statements. The words "may",
"will", "would", "should", "could", "expects", "plans", "intends",
"trends", "indications", "anticipates", "believes", "estimates",
"predicts", "likely" or "potential" or the negative or other variations
of these words or other comparable words or phrases, are intended to
identify forward-looking statements. Forward-looking statements are
based on information currently available to us and on estimates and
assumptions made by us in light of our experience and perception of
historical trends, current conditions and expected future developments,
as well as other factors that we believe are appropriate and reasonable
in the circumstances, but there can be no assurance that such estimates
and assumptions will prove to be correct. Many factors could cause our
actual results, level of activity, performance or achievements or
future events or developments to differ materially from those expressed
or implied by the forward-looking statements, including, without
limitation, the factors discussed in the "Risks and Uncertainties"
section of the Corporation's management's discussion and analysis
(MD&A) for Fiscal 2013 and in its continuous disclosure filings
(available on SEDAR at www.sedar.com).
Unless otherwise stated, the forward-looking statements contained in
this news release are made as of August 12, 2013, and we have no
intention and undertake no obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law. The
forward-looking statements contained in this news release are expressly
qualified by this cautionary statement.
SOURCE Dollarama Inc.
