Dollarama CFO J.P. Towner to step down

Dollarama has announced that J.P. Towner is leaving his role as chief financial officer of the company in the coming months. 

Towner, who took over the role in March 2021 from Michael Ross, is stepping down to pursue another career opportunity. The company says he will remain as CFO to ensure a smooth transition through the announcement and filing of the retailer's Q2 FY2024 results.

Prior to joining the Canadian dollar store chain, Towner was CFO at Pomerleau Inc., a Montreal-based construction and engineering company and he also spent a decade at BMO Capital Markets.

"On behalf of the board of directors and the executive team, I would like to thank J.P. for his contributions to Dollarama," said Neil Rossy, the company's president and CEO in a press release. "It was a pleasure working with J.P and we wish him the very best in his next chapter."

Dollarama said it has started a formal search process for a new CFO.