Sollio holds AGM, readies BMR transition

Sollio president Ghislain Gervais (l) and CEO Gaétan Desroches (r)

Sollio Cooperative Group held its annual general meeting this week via videoconference. The company reported that consolidates sales stood at $8.15 billion for 2020, up $870 million from the previous year, while earnings reached $201 million. The retail division, BMR Group, benefited from the surge in home improvement spending during the pandemic.

The following day, Pascal Houle’s appointment as COO of Sollio went into effect. Houle, who has been CEO of BMR Group and EVP at Sollio (then called La Coop fédérée) since 2015, will continue to oversee the BMR business until his successor is announced.