Yesterday
came the unexpected announcement that, after 14 years, Pierre Karl Péladeau is
stepping down as president and CEO of Quebecor Inc. and its major subsidiary
Quebecor Media Inc., effective May 8th. Although Mr. Péladeau's participation in everyday operations will diminish, he still plans to remain active in overseeing strategic issues at both companies as chairman of the board of Quebecor Media and vice-chairman of the board of
Quebecor Inc.
Quebecor
Inc. was founded by his father, also named Pierre Péladeau (1925-1997), in the
mid-1960s based on newspapers and printing. It is now one of Canada’s largest media and telecom
companies.
Mr.
Péladeau’s own account of the upcoming management changes appears in the Toronto Sun (he is also president and
CEO of Sun Media Corporation, one of Quebecor's subsidiaries) at: http://www.torontosun.com/2013/03/14/new-role-for-pierre-karl-peladeau-after-25-years-quebecor-president-and-ceo-is-stepping-away-from-day-to-day-duties
Other
Canadian media outlets are now weighing in with various retrospectives and
opinions on Quebecor's development and Mr. Péladeau’s career; for example, at:
http://www.huffingtonpost.ca/2013/03/14/pierre-karl-peladeau-resigns-_n_2874727.html
http://www.printaction.com/News/20130314-peladeau-quebecor.html
http://www.huffingtonpost.ca/2013/03/14/pierre-karl-peladeau-resigns-_n_2874727.html
http://www.printaction.com/News/20130314-peladeau-quebecor.html
http://business.financialpost.com/2013/03/14/peladeau-hands-helm-of-quebecor-to-cable-telecom-chief/
http://www.thestar.com/business/2013/03/14/pierre_karl_peladeau_stepping_down_as_quebecor_ceo.html
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