Dutton Resigns from RONA

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Boucherville, Quebec, November 9, 2012 – Mr. Dominique Boies, Executive Vice President and Chief Financial Officer will be acting CEO. The Board of Directors has given a mandate to the firm Korn/Ferry International to find a successor to Mr. Dutton.

Mr. Dutton joined RONA in 1977 and became President and Chief Executive Officer in 1992. Under his direction, RONA expanded beyond its original market, which had until then been limited to Quebec, and became the leader in the Canadian home improvement market. During Mr. Dutton’s twenty years at the helm, RONA’s consolidated sales increased from $450 million to over $4.8 billion and the RONA chain grew from less than 500 affiliated stores to over 800 corporate, franchised and affiliated stores. Under Mr. Dutton’s direction, RONA has become a recognized leader in sustainable development in Canada.

"Robert was a pioneer and has been an inspiration for generations of merchants, managers and employees at RONA, said Robert Paré, Chairman of the Board. The Board wishes to express its gratitude for his enormous contribution to the Corporation’s development. We wish him every success in his future endeavours.

"We are proud of the 30,000 employees who represent RONA across Canada and we are confident that they will continue to offer excellent service to the millions of consumers who frequent our stores daily", added Mr. Paré.

Please visit www.rona.ca for more information.