Dollarama Announces Election Results of Newly Elected Directors
Dollarama Announces Election Results of Newly Elected Directors
Dollarama Inc., a well-known Canadian value retailer, has officially announced the results of its recent election for the board of directors. This pivotal event took place during the company’s annual shareholders' meeting on June 11, 2025. The nominations listed in the management proxy circular dated April 15, 2025, were successfully elected, further solidifying the company’s leadership in the retail landscape.
The results of the election revealed strong support for the nominees, with the voting statistics showcasing a positive reception from shareholders. Here are the detailed election results:
| Nominee | Votes For | Percentage For | Votes Against | Percentage Against |
|---|---|---|---|---|
| ----- | ---- | ---- | ---- | ------ |
| Joshua Bekenstein | 196,810,966 | 89.51% | 23,058,289 | 10.49% |
| Gregory David | 208,412,870 | 94.79% | 11,456,386 | 5.21% |
| Elisa D. Garcia C. | 216,063,292 | 98.27% | 3,805,964 | 1.73% |
| Stephen Gunn | 195,124,565 | 88.75% | 24,744,691 | 11.25% |
| Kristin Mugford | 215,199,342 | 97.88% | 4,669,914 | 2.12% |
| Nicholas Nomicos | 199,095,039 | 90.55% | 20,774,066 | 9.45% |
| Neil Rossy | 215,026,432 | 97.80% | 4,842,824 | 2.20% |
| Samira Sakhia | 217,079,604 | 98.73% | 2,789,652 | 1.27% |
| Thecla Sweeney | 216,513,729 | 98.47% | 3,355,527 | 1.53% |
| Huw Thomas | 208,940,259 | 95.03% | 10,928,997 | 4.97% |
This election embraces the continuity and stability Dollarama seeks as it enhances its executive board. Notably, the nominees, including Elisa D. Garcia C. and Samira Sakhia, received overwhelming support, with both garnering over 98% in favor of their election—a clear indication of the shareholders' confidence.
Founded in 1992 and headquartered in Montreal, Quebec, Dollarama has made its mark by providing a diverse range of consumables, general merchandise, and seasonal items at appealing fixed price points, considering customer needs across different regions. The company now operates 1,638 locations across Canada, emphasizing convenience and value.
Additionally, Dollarama has extended its reach beyond Canadian borders by owning a 60.1% interest in Dollarcity, a growing value retailer in Latin America. With stores in Colombia, Guatemala, El Salvador, and Peru, Dollarcity continues to uphold similar offerings, priced up to 4 USD, catering to a expanding customer base in the region.
As the corporate landscape evolves, the leadership team at Dollarama is expected to steer the company further toward success and innovation. The directors’ election marks a significant step in ensuring that the company's governance reflects both the values and the commitment to delivering affordable goods to communities across Canada and beyond.
In conclusion, shareholders’ clear endorsements of the newly elected directors, along with a strong business model and dedicated leadership, place Dollarama on a solid foundation for future growth. Stakeholders and customers alike will surely watch how these developments unfold in the forthcoming chapters of this vibrant retailer’s journey.
Topics Consumer Products & Retail）
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