LONGUEUIL, QUÉBEC--(Marketwire - July 18, 2012) - Mr. Jean Coutu, Chairman of the Board of The Jean Coutu Group (PJC) Inc. (the "Corporation" or the "Jean Coutu Group")(TSX:PJC.A), is pleased to announce the election of Mrs. Cora Mussely Tsouflidou on the Corporation's Board of Directors. Mrs. Tsouflidou has been elected at the General Meeting of Shareholders held on Tuesday, July 10, 2012.
Mrs. Tsouflidou is the founder, owner and administrator for the group of Cora companies, working in the restaurant industry as the franchisor of the Cora Concept. "We are very proud to welcome Mrs. Tsouflidou on our Board of Directors. Her vision and values closely match those of the Jean Coutu Group. Her knowledge in the field of franchise and her expertise will be strong assets for the development of our activities", said Mr. Jean Coutu, Chairman of the Board.
During this meeting, the shareholders also renewed the mandates of the following directors: Lise Bastarache, François J. Coutu, Jean Coutu, Marie-Josée Coutu, Michel Coutu, Sylvie Coutu, L. Denis Desautels, Marcel Dutil, Nicolle Forget, Robert Lacroix, Yvon Martineau, Annie Thabet and Dennis Wood.
About The Jean Coutu Group
The Jean Coutu Group is one of the most trusted names in Canadian pharmacy retailing. The Corporation operates a network of 400 franchised stores located in the provinces of Québec, New Brunswick and Ontario under the banners of PJC Jean Coutu, PJC Clinique, PJC Santé and PJC Santé Beauté, and employs close to 19,000 people. Furthermore, the Jean Coutu Group owns Pro Doc Ltd., a Québec-based subsidiary and manufacturer of generic drugs. The Corporation also holds an investment in Rite Aid Corporation, a national chain of drugstores in the United States with more than 4,600 drugstores in 31 states and the District of Columbia.