Dollarama Announces Chief Financial Officer Successor Appointment

MONTREAL, Nov. 4, 2020 /CNW Telbec/ – Dollarama Inc. (TSX: DOL[1]) (“Dollarama” or the “Corporation”) is pleased to announce the appointment of Jean-Philippe (J.P.) Towner as chief financial officer, effective March 1, 2021. Mr. Towner will succeed Michael Ross, who will step down as chief financial officer after over a decade with Dollarama in this role. Mr. Ross will stay on in an advisory capacity until his retirement to ensure a seamless transition.

“Michael joined our team shortly after the IPO and was instrumental in helping build a robust organization to support our aggressive growth all while preserving our trademark agility and entrepreneurial culture. He also led our award-winning investor relations outreach in Canada, the United States and Europe. On behalf of the Board and executive team, I sincerely thank Michael for his contributions to the success of Dollarama over the last decade and for his gracious commitment to coordinate a seamless transition for J.P throughout his onboarding,” said President and Chief Executive Officer Neil Rossy. “My team and I extend a warm welcome to J.P. and look forward to his leadership and insights. J.P. brings impressive credentials, valuable experience and a fresh perspective that I have no doubt will benefit all of our stakeholders.”

“I am proud of what we have accomplished as a team during my tenure with Dollarama, and it has been a great privilege to be part of a tremendous Canadian success story,” said Mr. Ross. “I have full confidence in J.P.’s abilities to serve the Corporation as it continues to pursue its organic growth in Canada and Latin America, in collaboration with the strong team in place.”

Mr. Towner is a seasoned finance executive with experience in corporate and financial strategy, capital markets, risk management as well as logistics and procurement. He will join Dollarama after serving since 2016 as Executive Vice President and Chief Financial Officer of Pomerleau Inc., a multi-billion-dollar construction and engineering company based in Montreal. Prior to joining Pomerleau, Mr. Towner spent nearly 10 years with BMO Capital Markets, with roles in Montreal and Toronto, including as Vice President – Strategy & Financial Management and as Vice President – Global Investment Banking, advising retail and telecom clients on a broad range of strategic and financial decisions. Mr. Towner has an extensive background in driving profitable growth and maximizing organizational data capabilities. In addition, he has participated in multiple high-profile strategic transactions while managing global partnerships with co-investors, lenders and insurance companies. At Pomerleau, he created and led Pomerleau Capital, the company’s investment division.

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