{"id":1170,"date":"2014-04-02T17:18:00","date_gmt":"2014-04-02T17:18:00","guid":{"rendered":"http:\/\/rf.podcastfixit.com\/index.php\/2014\/04\/02\/couche-tards-longtime-ceo-and-presiden\/"},"modified":"2015-06-01T19:41:14","modified_gmt":"2015-06-01T19:41:14","slug":"couche-tards-longtime-ceo-and-presiden","status":"publish","type":"post","link":"https:\/\/newscoverage.org\/index.php\/2014\/04\/02\/couche-tards-longtime-ceo-and-presiden\/","title":{"rendered":"Couche Tard\u2019s longtime CEO and President steps down"},"content":{"rendered":"<p><b>By Tracey Arial<\/b><br \/><a href=\"http:\/\/www.thesuburban.com\/\">www.thesuburban.com<\/a><\/p>\n<p>The Laval-based convenience store powerhouse Couche Tard announced a major change in management last month.<\/p>\n<p>Couche Tard founder Alain Bouchard will be replaced by his current chief operating officer Brian Hannasch. The transition will take place on September 24, during the shareholders\u2019 annual meeting.<\/p>\n<p>Despite the changeover in management, Bouchard, Real Plourde and Richard Fortin still hold the vast majority of the companies\u2019 voting shares. Those voting rights remain in effect until a fourth original founder, Jacques d\u2019Amour, turns 65 in 2021.<\/p>\n<p>Bouchard\u2019s also not going far.<\/p>\n<p> \u201cI see this change as an evolution,\u201d said Bouchard when the announcement was made last week. \u201cIt will let me invest more of my time in acquisitions and new industry opportunities. I will also take part in the strategic discussions and serve as a mentor and coach to our next generation of leaders.\u201d<\/p>\n<p>Hannasch and Bouchard spoke to reporters about the change in leadership during a conference call last week.<\/p>\n<p>They addressed four major issues: residence, language, government regulation and unions.<\/p>\n<p>Hannasch\u2019s official residence remains in Columbus, Indiana, but he has also had an apartment in downtown Montreal since November. His family will join him in Quebec when he starts his official duties next fall.<\/p>\n<p>Hannasch excused his inability to speak French with a single sentence. \u201cThe reality is I am an American and English is my native tongue.\u201d<\/p>\n<p>He does plan to take language lessons, but Bouchard made the point that people in most of the locations where Couche Tard operates speak English. The company operates 6,221 convenience stores throughout North America in 38 states and ten provinces in Canada. It employs more than 60,000 people.<\/p>\n<p>The two also presented diverse opinions about the new laws the Parti Quebecois plans to give Quebec companies facing hostile takeovers. Hannasch spoke about his reluctance to have private companies controlled by too much government regulation, while Bouchard said he\u2019d appreciate more rights.<\/p>\n<p>Hannasch shares Bouchard\u2019s stance on unions.<\/p>\n<p>\u201cWe\u2019re onside on that issue,\u201d he said before Bouchard interrupted him to say that they don\u2019t have any further comment.<\/p>\n<p>The issue is particularly thorny right now.<\/p>\n<p><i style=\"font-family: Georgia, 'Times New Roman', serif;\">Couche-Tard and the CSN settled a longstanding court case last October. Their settlement included compensation for 24 workers at two Montreal stores that closed after being unionized.<\/p>\n<p>Today, six outlets in the Montreal area are unionized (St. Liboire at Exit&nbsp;<\/i><i style=\"font-family: Georgia, 'Times New Roman', serif;\">145<\/i><i style=\"font-family: Georgia, 'Times New Roman', serif;\">&nbsp;of Highway 20; Longueuil at 1400 \u00c9douard, St. Hubert borough; Victoriaville at 260, Notre Dame West; Boisbriand at 1000 Grande All\u00e9e) and two in Montreal (18401 Antoine Faucon in Pierrefonds-Roxboro and 6331 Henri Bourassa in Montr\u00e9al-Nord).<\/i><br \/>\n<i style=\"font-family: Georgia, 'Times New Roman', serif;\"><br \/>Couche-Tard and the CSN now take turns communicating how the other treats workers.<\/i><\/p>\n<div style=\"text-align: center;\">\nEditor&#8217;s note: The italicized paragraphs replace a portion of an earlier version of this article which incorrectly referred to the settled court case.<\/div>\n","protected":false},"excerpt":{"rendered":"<p>By Tracey Arialwww.thesuburban.com The Laval-based convenience store powerhouse Couche Tard announced a major change in management last month. Couche Tard founder Alain Bouchard will be replaced by his current chief operating officer Brian Hannasch. The transition will take place on September 24, during the shareholders\u2019 annual meeting. Despite the changeover in management, Bouchard, Real Plourde<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1170","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Couche Tard\u2019s longtime CEO and President steps down - Newscoverage<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/newscoverage.org\/index.php\/2014\/04\/02\/couche-tards-longtime-ceo-and-presiden\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Couche Tard\u2019s longtime CEO and President steps down - Newscoverage\" \/>\n<meta property=\"og:description\" content=\"By Tracey Arialwww.thesuburban.com The Laval-based convenience store powerhouse Couche Tard announced a major change in management last month. 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