MONTREAL, April 2, 2015 /CNW Telbec/ - Richelieu Hardware Ltd. (« Richelieu » or the « Corporation ») (TSX: RCH), announced today that Mr. Pierre Bourgie has completed his mandate on the Corporation's Board of directors and has elected not to renew his candidacy for re-election at the Corporation's annual and special meeting of shareholders. Richelieu's management wishes to thank Mr. Bourgie for his important contribution as a member of its Board of Directors and wishes him well in his future endeavors.
In replacement of Mr. Bourgie, Richelieu is proud to announce the election of Mrs. Sylvie Vachon to its Board of directors. A Business Administration graduate from the University of Sherbrooke, Mrs. Sylvie Vachon holds the function of President and Chief Executive Officer of the Montreal Port Authority (MPA) since July 2009. Having joined the MPA in 1990 as Head of Human Resources, Mrs. Vachon held various other functions before being promoted CEO. Mrs. Vachon further acts as President of the Logistic and Transportation Metropolitan Cluster of Montreal – Cargo Montreal, is a member of the boards of directors of the St. Lawrence Economic Development Council (SODES), of the Association of Canadian Port Authorities as well as of Cascade. She is also a governor member of the Quebec Business Council on the Environment.
The Corporation's Board of directors welcomes Mrs. Vachon and looks forward to benefiting from the wealth of her experiences. With the arrival of Mrs. Vachon and the skills and expertise of the other re-elected directors, we are confident in Richelieu's ability to skillfully navigate future challenges.
About Richelieu Hardware Ltd.
Richelieu is a leading North American distributor, importer and manufacturer of specialty hardware and complementary products. Its products are targeted to an extensive customer base of kitchen and bathroom cabinet, furniture, and window and door manufacturers plus the residential and commercial woodworking industry, as well as a large customer base of hardware retailers, including renovation superstores. Richelieu offers customers a broad mix of high-end products sourced from manufacturers around the world. Its product selection consists of some 100,000 different items targeted to a base of more than 70,000 customers who are served by 66 centres in North America – 36 distribution centres in Canada, 28 in the United States and two manufacturing plants in Canada, specifically Cedan Industries Inc. which specializes in the manufacture of a wide variety of veneer sheets and edgebanding products and Menuiserie des Pins Ltée which manufactures components for the window and door industry and a broad selection of decorative mouldings.
SOURCE Richelieu Hardware Ltd.
For further information: Antoine Auclair, Vice-President and Chief Financial Officer, Tel: (514) 336-4144, www.richelieu.com