François J. Coutu will retire as president of the Jean Coutu Group Inc., a division of Metro Inc., effective May 31. Alain Champagne will succeed Coutu as president of the Jean Coutu Group.
“Having devoted most of my professional life to the Jean Coutu Group and seeing how the combination with Metro is now well on track to ensure its sustainability over time, I have decided to retire knowing that I’m leaving in place a great brand, a strong business model and an excellent team,” said Coutu.
The company said Coutu is a seasoned leader and businessman who has contributed to making PJC Jean Coutu a leader in its sector as well as a brand admired and loved by Quebecers.
"I would like to congratulate François for his very significant contribution to the success of the Jean Coutu Group since 1983 and I am pleased to be able to continue to work with him as a member of our board of directors," said Eric R. La Flèche, president and chief executive officer of Metro.
With nearly 30 years of experience in major international companies, Mr. Champagne will be responsible for completing the combination of the Jean Coutu Group with Metro while ensuring the development of the division.
Coutu and Champagne will work closely together until Coutu's retirement to ensure a smooth transition.
