Ms. Marie-Claude Bacon reports

ERIC LA FLECHE TO RETIRE AS PRESIDENT AND CEO OF METRO AT END OF FISCAL YEAR; METRO NAMES MARC GIROUX AS NEXT PRESIDENT AND CEO

Eric La Fleche will retire as president and chief executive officer of Metro Inc. at the end of the 2026 fiscal year, after more than 18 years at the helm of the company. The board of directors will appoint Marc Giroux, currently chief operating officer, to succeed him as president and CEO, effective Sept. 27, 2026. In order to support a smooth and orderly transition, the board will appoint Mr. La Fleche as chairman of the board of directors, and Pierre Boivin, currently chairman of the board, will be appointed vice-chairman and lead director, also effective on Sept. 27, 2026.

The appointments are the culmination of a robust, multiyear succession planning process led by the board, reflecting Metro's commitment to strong governance and long-term value creation. Mr. Giroux is a proven leader with deep knowledge of Metro's operations, culture and strategic priorities, as well as a clear vision for the future, and his appointment underscores the strength of Metro's internal talent pipeline. Mr. Giroux will join the board upon his appointment as president and CEO.

"The board is extremely pleased to appoint Marc Giroux to the position of president and CEO. We are convinced that he is the right leader for Metro's next chapter. Marc's deep understanding of our industry, focus on operational excellence, financial discipline and customer satisfaction make him the best candidate to continue delivering long-term value for our customers, employees and shareholders in an ever-changing environment," said Mr. Boivin. "On behalf of the board, I want to thank Eric La Fleche for his remarkable contribution to Metro and to the communities we serve. Eric has been an exceptional leader for Metro for nearly two decades, creating substantial value for our shareholders by delivering consistent growth, reinforcing our customer-first and purpose-driven culture, and guiding the company through significant strategic milestones, notably the acquisition of Groupe Jean Coutu in 2018."

The board will benefit from Mr. La Fleche's experience and perspective as chair, and will ensure strong independent oversight through its committees and the role of the lead director.

"It has been a privilege to lead Metro and to work alongside such talented and dedicated teams across our stores, distribution centres and offices," said Mr. La Fleche. "Metro is well positioned for continued success, with a clear growth plan, a disciplined approach to execution, a great team and a very solid balance sheet. I am proud of what we have accomplished together. Alongside my colleagues on the board, I look forward to Metro's continued success under Marc's leadership."

"I am honoured to be appointed president and chief executive officer of Metro," said Mr. Giroux. "Eric has built a strong foundation and a culture of performance and customer focus, and I'm pleased to continue collaborating with him going forward. My priority will be to build on that foundation -- continuing to execute our strategy, supporting our people and partners and keeping our customers at the centre of every decision as we move forward. I look forward to continuing to work with the best team in the industry."

Executive biographies

Mr. La Fleche joined Metro in 1991 and has served as president and CEO since April, 2008. Prior to becoming CEO, he held a number of roles of increasing responsibility, including executive vice-president and chief operating officer from 2005 to 2008. In addition to industry recognitions, he was named Canada's Outstanding CEO of the Year (2020). He is also a long-time volunteer with Centraide of Greater Montreal.

Mr. Giroux joined Metro in 2009 and currently serves as COO, leading the Quebec and Ontario food divisions, as well as supply chain, marketing, loyalty and digital strategy. Over the course of his career with the company, he has held progressively senior roles spanning marketing, merchandising and operations, as well as digital and e-commerce. He holds a bachelor's degree in finance and international commerce, as well as an MBA, both from HEC Montreal.

About Metro Inc.

With annual sales of more than $22-billion, Metro is a food and pharmacy leader in Quebec and Ontario, providing employment to more than 97,000 people. Its purpose is to nourish the health and well-being of communities. As a retailer, franchisor, distributor, manufacturer and provider of e-commerce services, the company operates or services a network of approximately 1,000 food stores under several banners, including Metro, Metro Plus, Super C, Food Basics, Adonis and Premiere Moisson, and approximately 640 pharmacies primarily under the Jean Coutu, Brunet, Metro Pharmacy and Food Basics Pharmacy banners.

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