- Stephen Gunn to be appointed Chairman of the Board
- Larry Rossy to be named Chairman Emeritus
- Kristin Mugford appointed to the Board as Director
MONTRÉAL, March 29, 2018 /CNW Telbec/ - Dollarama Inc. (TSX: DOL) ("Dollarama" or the
"Corporation") announced today that Stephen Gunn will be appointed Chairman of the Board
succeeding Dollarama founder Larry Rossy, who will be named Chairman Emeritus and not stand for
re-election as a director. These appointments will be effective following the upcoming Annual Meeting of Shareholders on
June 7, 2018, assuming the election of the Corporation's director nominees at such meeting.
"After a lifetime in the retail industry, it is time for me to step down from active duty, while remaining a mentor and
advisor to the management team. I am proud of all that we have accomplished, and of the strong and dynamic team leading the
company's growth," said Larry Rossy. "I have full confidence in Steve
Gunn and the Board, and their ability to ensure the continued stewardship of one of Canada's leading value retailers."
"I feel very privileged to take on this role, and look forward to continuing to work with the Board and the company's seasoned
management team, led by Neil Rossy, to pursue Dollarama's growth strategy in the coming years,"
said Stephen Gunn. "Larry Rossy is an inspirational Canadian
entrepreneur who has transformed Canada's retail landscape. The Board and I are grateful to be
able to continue to count on his knowledge and insights as Chairman Emeritus. On behalf of the Board, I wish to thank Larry and
acknowledge his exceptional leadership in business and philanthropy.''
Stephen Gunn has been Dollarama's Lead Director since 2009, bringing extensive retail industry,
strategic planning, business development and corporate governance experience to the Board's deliberations. He is co-founder of
Sleep Country Canada, the country's leading mattress retailer, having served as chief executive officer from 1997 to 2014.
The Corporation also announced the appointment of Kristin Williams Mugford as an independent
director effective immediately. Kristin has extensive experience in corporate finance, including 20 years with Bain Capital,
joining the private equity business in 1994, where she focused on the consumer and media industries, before becoming the firm's
first female managing director and eventually helping to start Bain Capital Credit. She began her career at the Walt Disney
Company. Currently, Kristin is the Melvin Tukman Senior Lecturer of Business Administration in the Finance Unit at the
Harvard Business School. She is a member of the boards of Towne Park, Fidelity Charitable and New
Profit.
About Dollarama
Dollarama is a recognized Canadian value retailer offering a broad assortment of everyday consumer products, general
merchandise and seasonal items. Our 1,160 locations across Canada provide customers with
compelling value in convenient locations, including metropolitan areas, mid-sized cities and small towns. Our quality merchandise
is sold in individual or multiple units at select, fixed price points up to $4.00.
www.dollarama.com
SOURCE Dollarama Inc.
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