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Metro Finance Exec Behind A&P Deal Set to Retire

MONTREAL -- Canadian supermarket retailer Metro, Inc., based here, said yesterday that s.v.p. of finance and treasurer L.G. Serge Gadbois, who helped orchestrate the acquisition of A&P Canada, is retiring after over 20 years with the company.

The acquisition of A&P Canada, the No. 2 retailer in the province of Ontario, has made Metro a Canadian grocery power to be reckoned with. It was the latest in a series of contributions Gadbois made to the chain.

Gadbois came to Metro in 1984 as corporate controller. In 1985 he became v.p. of finance, in 1997 he rose to s.v.p. of finance, and in 2002 he was appointed treasurer. In 1986, Gadbois was one of the architects of Metro's conversion from private to public company. He additionally implemented several financing programs as the company underwent rapid growth, and was actively involved in the major acquisitions of Steinberg and Loeb stores.

Metro said it has begun the recruitment process for Gadbois' successor. Until a new s.v.p., finance and treasurer is in place, Gadbois will remain with the company.

With more than 65,000 employees, Metro operates a network almost 600 grocery stores in Quebec and Ontario under the Metro, Metro Plus, Super C, A&P, Dominion, Loeb, and Food Basics trade names, as well as over 250 pharmacies under the Brunet, Clini-Plus, The Pharmacy, and Drug Basics banners.
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