METRO Inc. announced that Eric La Flèche will retire as Chief Executive Officer at the end of the 2026 fiscal year after more than eighteen years at the helm of the Company. The Board of Directors will appoint Marc Giroux, currently Chief Operating Officer, to succeed him as CEO effective September 27, 2026. The appointments are the culmination of a robust, multi-year succession planning process led by the Board, reflecting METRO's commitment to strong governance and long-term value creation.

Marc Giroux is a proven leader with deep knowledge of METRO's operations, culture and strategic priorities as well as a clear vision for the future, and his appointment underscores the strength of METRO's internal talent pipeline. Marc will join the Board upon his appointment as President and CEO. The Board will benefit from Mr. La Flèche's experience and perspective as Chair and will ensure strong independent oversight through its committees and the role of the Lead Director.

Eric La Flèche joined METRO in 1991 and has served as President and Chief Executive Officer since April 2008. Prior to becoming CEO, he held a number of roles of increasing responsibility, including Executive Vice-President and Chief Operating Officer from 2005 to 2008. In addition to industry recognitions, he was named Canada's Outstanding CEO of the Year (2020).

He is also a long-time volunteer with Centraide of Greater Montreal. Marc Giroux joined METRO in 2009 and currently serves as Chief Operating Officer, leading the Québec and Ontario food divisions as well as supply chain, marketing, loyalty and digital strategy. Over the course of his career with the Company, he has held progressively senior roles spanning marketing, merchandising and operations as well as digital and eCommerce.

He holds a Bachelor's degree in Finance and International Commerce as well as an MBA, both from HEC Montréal.