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Press release from CNW Group

Richelieu announces changes to its Board of Directors

Monday, January 21, 2013

Richelieu announces changes to its Board of Directors08:07 EST Monday, January 21, 2013TSX: RCHMONTREAL, Jan. 21, 2013 /CNW Telbec/ - The President and Chief Executive Officer of Richelieu, Mr. Richard Lord, announces that Mr. Robert Chevrier will step down as Chairman of the Board of Richelieu, a position he has held since April 2005, Richelieu having benefited from his counsel as Director since 1991. Mr. Chevrier has agreed to sit on Rona's Board as Executive Chairman."We wish Robert Chevrier the greatest success in his new responsibilities with Rona, a company we have been proud to count among our customers for several years. Richelieu has benefited from Mr. Chevrier's experience and counsel for over 20 years, and he has contributed to the Company's success. Richelieu's Board members and management and our team join me in highlighting this contribution, and we sincerely thank him," indicated Mr. Lord.Mr. Richard Lord also announces that Mr. Marc Poulin, President and Chief Executive Officer of Sobeys Inc., will be elected as Director of Richelieu at the next Board meeting to be held on January 24, 2013. Holding an MBA and a Bachelor of Actuarial Sciences, Mr. Poulin has a wealth of experience in management, marketing and strategic merchandising in the retail industry, having held various senior management positions with Sobeys Québec Inc. over the past twelve years, and previously for eight years with Provigo Distribution."We will be pleased to welcome Mr. Marc Poulin as Director. His extensive specialized experience and his dynamism will be of great benefit to Richelieu," added Mr. Richard Lord.Profile of Richelieu as at January 21, 2013Richelieu is a leading North American distributor, importer and manufacturer of specialty hardware and complementary products. Its products are targeted to an extensive customer base of kitchen and bathroom cabinet, furniture, and window and door manufacturers plus the residential and commercial woodworking industry, as well as a large customer base of hardware retailers, including renovation superstores. Richelieu offers customers a broad mix of high-end products sourced from manufacturers around the world. Its product selection consists of more than 90,000 different items targeted to a base of some 70,000 customers who are served by 60 centres in North America - 34 distribution centres in Canada, 24 in the United States and two manufacturing plants in Canada, specifically Cedan Industries Inc. which specializes in the manufacture of a wide variety of veneer sheets and edgebanding products and Menuiserie des Pins Ltée which manufactures components for the window and door industry and a broad selection of decorative mouldings.SOURCE: RICHELIEU HARDWARE LTD.For further information: Richard Lord, President and Chief Executive Officer 514-336-4144