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Customes shop at the Dollarama store on Spadina Avenue in Toronto on June 13, 2012. (Deborah Baic/The Globe and Mail)
Customes shop at the Dollarama store on Spadina Avenue in Toronto on June 13, 2012. (Deborah Baic/The Globe and Mail)

Dollarama’s operations chief to head U.S. discount retailer Add to ...

Dollarama Inc. says one of its top executives is leaving to become president and CEO of a California-based discount retailer, called 99-cents Only Stores.

Dollarama says Stephane Gonthier will remain with the Montreal-based company for a time to ensure a smooth transition.

Gonthier has been Dollarama’s chief operating officer since 2007, a period of rapid and profitable growth for the Montreal-based company.

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His duties will be assumed on an interim basis by Dollarama’s chairman and CEO, Larry Rossy.

Dollarama currently has more than 800 locations across Canada. It sells a variety of household goods, usually at between one and three dollars each.

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