Rona Inc. said Andrew Iacobucci is taking the helm as the company\u0027s new CEO one day after the retailer announced 500 job cuts. Read more.
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It says interim CEO Garry Senecal will stay with the company until the end of the year to ensure a smooth transition. The company says while Iacobucci learned French during his studies, by the time his nomination comes into effect in July, he will have completed a four-week French immersion program with a language school in Quebec City.
In November, Lowe’s announced it was selling its Canadian retail business, including Rona, to New York-based private equity firm Sycamore Partners. The retailer says it operates or services around 425 corporate and affiliated stores under different banners across the country. It says it has 22,000 employees.
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