MONTREAL - DavidsTea says chief executive officer Sylvain Toutant is leaving the Montreal-based company to pursue other interests.
Toutant says the decision to leave the Montreal-based specialty retailer was difficult to make but the right one from a personal standpoint.
The joint statement from him and DavidsTea didn't disclose Toutant's specific plans.
As chief executive officer, Toutant played a key role in the company's 2015 initial public offering, which marked the beginning of a significant growth phase in the United States.
At the time, DavidsTea said it planned to open between 30 and 40 stores a year in the United States to reach about 300.
DavidsTea had a total of 208 stores in Canada and the United States as of July 30, at the end of the second quarter of its 2016-17 financial year.
