The Globe and Mail reports in its Monday edition the board has been shaken up, a new chief executive officer is in charge and a senior vice-president whose mission is to improve operational efficiencies has been hired.
The Globe's Bertrand Marotte writes the folks at Rona say the pieces are coming together in a top-to-bottom renovation of the home-improvement retailer. Observers will be watching closely for signs of progress when the company unveils first quarter results and holds its annual meeting Tuesday.
Newly installed CEO Robert Sawyer, a food-retailing industry veteran, will no doubt provide an update on the work being done.
At the end of the month, Alain Brisebois, a former colleague of Mr. Sawyer's from grocery chain Metro Inc., joins management with the key job of wringing more productivity and cost-effectiveness out of the various departments, including purchasing, merchandising, procurement and marketing.
Rona's aim is to shrink itself by selling assets and shifting from big-box stores to smaller "proximity" outlets.
Still, the hardware chain faces major challenges, notably a still-weak consumer spending climate and growing pressure from U.S. rivals such as Home Depot and Lowe's.
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