Colabor Group Inc. announced the appointment of Mr. Lionel Ettedgui as the new President and Chief Executive Officer of the Corporation effective February 5, 2018. Mr. Ettedgui served for more than 6 years as President and Chief Operating Officer of Saputo's bakery division. He also worked in Europe and Africa for many years in trade, operations management and business development.

In 2005, he founded the company Kooll Desserts Inc. in St-Hyacinthe where he built a manufacturing facility and started the production in less than a year. In 2008, Mr. Ettedgui sold Kooll Desserts to Liberté which still operates the facility in St-Hyacinthe. Mr. Ettedgui is also a director of the Foundation of the Hôpital du Sacré-Coeur de Montréal.

As previously announced, Mr. Claude Gariépy, the current President and Chief Executive Officer, is leaving the Corporation on March 2, 2018, after a transition period with Mr. Ettedgui.