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Top Rona shareholder Invesco seeks to replace board
November 14, 2012 / 2:25 PM / 5 years ago

Top Rona shareholder Invesco seeks to replace board

Nov 14 (Reuters) - One of Rona Inc’s biggest shareholders said on Wednesday it plans to request a shareholder meeting to replace the Canadian home improvement chain’s board of directors.

Invesco Canada Ltd controls about 10.16 percent of Rona, it said in a release.

Rona’s longtime chief executive, Robert Dutton, stepped down on Friday following disappointing quarterly results, reviving speculation that the company is in play.

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