U.S. Markets open in 8 hrs 36 mins

Management change at Agropur Cooperative

LONGUEUIL, QC, Oct. 3, 2019 /PRNewswire/ - Agropur Cooperative announces the appointment of Mr. Émile Cordeau as Chief Executive Officer effective October 15, 2019. In view of other opportunities for Mr. Cordeau, Agropur decided to accelerate its succession plan. In this context, Mr. Robert Coallier has announced that he will retire from the Cooperative on December 31, 2019 to allow time for a smooth handover and to support Mr. Cordeau during the transition period.

Émile Cordeau, Agropur's new Chief Executive Officer (CNW Group/Agropur)

"We are very pleased that Émile has agreed to take the helm of the organization and continue his career with us," said Roger Massicotte, President of Agropur. "His deep knowledge of the Cooperative, his talent and leadership skills make him the ideal candidate for the position. I thank Robert from the bottom of my heart for his dedication over the past eight years. Under his leadership, Agropur expanded into the United States and became an industry leader."

Since joining Agropur in 2013, Mr. Cordeau has occupied a series of positions, including most recently Senior Vice-President and Chief Financial Officer, in which capacity he played a key role in the Cooperative's development. He is widely respected for his talent and leadership skills within the Cooperative and in the business community.

"I thank the Board for placing their trust in me and I am very proud to take up the reins of Agropur," said Émile Cordeau. "I will pour all my energies into maintaining Agropur's status as an industry leader in its markets. I am grateful to Robert for his generosity and his support, which enabled me to learn and grow in the organization."

"Having recruited Émile more than once, asked him to join Agropur, and watched him advance over the past six years, I am confident that he will be a strong and effective CEO," said Robert Coallier. "As I announce my retirement, I want to thank all the colleagues at Agropur who worked with me to develop and transform our organization, and the Board for its trust and support over the past eight years."

Mr. Coallier initially joined Agropur as a guest member of the Board and has been CEO since 2012. Under his leadership, Agropur achieved dramatic growth, particularly in the US market where Mr. Coallier successfully implemented an acquisitions plan that made the Cooperative a major player in that market and one of the top 20 dairy processors in the world.

Émile Cordeau's biography
Since joining Agropur in 2013, Mr. Émile Cordeau has occupied a series of positions, including most recently Senior Vice-President and Chief Financial Officer, in which capacity he played a key role in the Cooperative's development. He previously occupied the position of Vice-President for the Foodservice and Proximity Retail group and was formerly in charge of the Fine Cheese Business Unit.

Before joining Agropur, Émile Cordeau worked for seven years at Dollarama where he actively participated in its evolution from a privately held family-owned company to a major public company. Émile Cordeau also acquired a diversified experience in Finance and Mergers & Acquisitions with companies such as Transcontinental and RBC Capital Markets. He graduated from HEC Montréal with a Bachelor's degree in Commerce.

About Agropur
Agropur Cooperative is a North American dairy industry leader founded in 1938. With sales of $6.7 billion in 2018, the Cooperative is a source of pride to the 3,161 members and 8,800 employees who work together in pursuit of a shared goal: Better Dairy. Better World. Agropur processes more than 6.2 billion litres of milk per year at its 39 plants across North America and boasts an impressive roster of respected brands and products, including Natrel, OKA, iÖGO, biPro, Agropur Grand Cheddar, Olympic, Farmers, Island Farms and Québon. Agropur's head office is certified LEED Silver. www.agropur.com                                                                                                           

Cision

View original content to download multimedia:http://www.prnewswire.com/news-releases/management-change-at-agropur-cooperative-300931013.html