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BMTC board re-elected

 11 June 2021     HGO Staff 

MONTREAL – BMTC Group, the largest full-line furniture retailer in Quebec and one of the four largest in Canada, has announced that all members of its board of directors were re-elected to their positions at its recent annual general meeting.

The board includes André Bérard, who serves as lead director and is a 20-year veteran of the board, Lucien Bouchard, Gabriel Castiglio, Anne-Marie Leclair, Yves Des Groseillers, Charles Des Groseillers, Marie-Berthe Des Groseillers and Tony Fionda.

Yves Des Groseilliers has been on the board since 1989 and currently serves as chairman. He is also BMTC’s largest shareholder, controlling some 21.3 million or 63% of the company’s outstanding shares.

Charles Des Groseillers, who has been a director since 2002, is vice president of A. Bélanger (Détail), an investment firm controlled by Yves Des Groseillers.

Marie-Berthe Des Groseillers, a board member since 2005, has been president and chief executive officer of BMTC for the past three years.

Lucien BouchardBouchard, who has been on the board since 2004 us a partner in the Montreal law firm Davies, Ward, Phillips & Vineberg. He is best known as a former premier of Quebec as well as the Leader of the Opposition in the House of Commons and a minister in the government of former Prime Minister Brian Mulroney.

Gabriel Castiglio has been a BMTC director since 2015 and is executive vice president and chief legal officer of the Montreal-based investment firm Fiera Capital.

The newest director, Anne-Marie Leclair, who was named to the position in 2018 is also a partner and vice president of strategy and innovation for LG2, a Montreal-based marketing firm.

Tony Fioda was first elected in 2012 and is senior vice president of Remstar Capital, a media investment company based in Montreal.

The second largest shareholder BMTC is Fidelity Management & Research Company, an investment firm based in Boston, Massachusetts. It controls 6.3 million or just over 18% of the company’s outstanding shares.

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Home Goods and its accompanying newsletter - HGO This Week - covers the furniture, bedding, appliances, consumer electronics, accessories, lamps and lighting and floor coverings product sectors of the big ticket home goods market in Canada. HGO is also a forum for the dissemination of market research and hard-hitting articles on best practices for Canadian retailers.

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