Saputo Inc. announced that Emanuele (Lino) Saputo, the company's founding Chairman, has advised the company that he will retire effective August 1, 2017 and that he will not be renewing his mandate as director at the company's next shareholders' meeting. Effective August 1, 2017, Lino A. Saputo, Jr., the company's Chief Executive Officer and Vice Chairman of the Board, will be appointed to the position of Chairman of the Board and will also retain his responsibilities as the company's Chief Executive Officer.

The Board of Directors approved a dividend of $0.15 per share payable on March 17, 2017 to common shareholders of record on March 7, 2017.