RONA INC.
TSX : RON
TSX : RON.PR.A

RONA INC.

May 02, 2011 17:50 ET

Changes at RONA's Financial Management Team

BOUCHERVILLE, QUEBEC--(Marketwire - May 2, 2011) - RONA (TSX:RON)(TSX:RON.PR.A) announces that Claude Guévin will leave his position as the Corporation's Executive Vice President and Chief Financial Officer on June 3, 2011.

Having participated directly in every stage of RONA's growth for close to 25 years, Claude Guévin is now moving on to new professional challenges. After joining RONA in 1986, he negotiated and concluded many major acquisitions, and also oversaw RONA's initial public offering and its entry into the stock market.

"I am very proud of my time at RONA," said Claude Guévin. "I want to thank RONA management for having confidence in me for all these years. That confidence and RONA's growth during this period led me through a series of ever-increasing challenges. My responsibilities here have helped me advance non-stop and acquire valuable experience that will be very useful to me in the next stages of my career."

"Claude contributed enormously to making RONA the company it has become," said RONA President and CEO Robert Dutton. "He is leaving RONA not only with a very solid balance sheet, but also with a first-rate financial management team recognized for its kwow-how. I know he will succeed brilliantly in the next stage of his career. I want to thank him and wish him all the success he so richly deserves."

Starting today, Marie-Claude Lalonde, Vice President and Corporate Controller, will assume the financial management of the Corporation on an interim basis. Marie-Claude has also 25 years of experience at RONA.

ABOUT RONA

RONA is the largest Canadian distributor and retailer of hardware, home renovation and gardening products. RONA operates a network of more than 950 corporate, franchise and affiliate stores of various sizes and formats. With close to 30,000 employees working under its family of banners in every region of Canada and more than 17 million square feet of retail space, the RONA store network generates over $6 billion in annual retail sales. Visit www.rona.ca.

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