An executive search is underway as METRO says goodbye to one of its long-term leaders. François Thibault, the retailer’s Executive Vice President, Chief Financial Officer, and Treasurer, will retire next spring after more than 12 years with the company.
Since joining METRO in 2012, Thibault has been a key leader of the company and business partner to its operating divisions, steering a number of key acquisitions—including the Jean Coutu Group—and supporting the modernization of METRO’s supply chain. He has ensured the company’s solid financial position and disciplined capital allocation, overseeing sustained investments across the business and contributing to the achievement of our long-term financial objectives.
According to a press release, he also established strong credibility with investors and will leave behind an excellent team.
Thibault will continue in his role until his retirement, which will give the company time to identify a successor through an external search as well as allow for a smooth and harmonious transition.
“I am grateful to François for his strong leadership and partnership over the last 12 years and thank him for his significant contribution to our success,” said Eric La Flèche, President and Chief Executive Officer.
Stay tuned for more leadership changes in retail and beyond.
