Metro Inc. is announcing that Réal Raymond will become Chair of the Board of Directors of Metro Inc. after the next annual general meeting of Shareholders on January 27, 2015, subject to his re-election as a director. Mr. Raymond will succeed Pierre H. Lessard, who will be retiring from the Board having reached the mandatory Board retirement age. Mr. Lessard will have served the Corporation for over 24 years, first as President and CEO from 1990 to 2008 and since then as Chair of the Board.

Paul Gobeil, Vice-Chair of the Board since 1990, will also retire from the Board after the next annual general meeting of shareholders having reached the mandatory Board retirement age. Mr. Raymond joined the Board of Metro in 2008 and has been Lead Director of the Corporation and Chair of the Human Resources Committee since 2010. He is the former President and CEO of National Bank of Canada.

He is a director and Chair of the Board of Heroux-Devtek Inc. and Aéroports de Montréal, and also serves on the Board of Directors of Sun Life Financial Inc. Finally, Mr. John H. Tory, first elected in 2011, resigned from the Board following his election as Mayor of Toronto.