RONA shrinks board

BOUCHERVILLE, Que. — RONA is reducing its board of directors as its turnaround efforts show signs of paying off, according to Report on Business magazine. Two directors who joined the board in 2013 as part of a leadership shakeup will depart, bringing the total back down to 12. At the time, eight new directors joined the board as part of an agreement with top investors Invesco and Caisse de dépôt et placement du Québec. The changes to the board indicate that the rocky chapter following Lowe’s unsolicited takeover bid is drawing to a close.