Jacques Mallette

MONTREAL—Mark Angelson, whose illustrious executive career has carried him from leading posts at Big Flower (Vertis) and Moore Corp. to RR Donnelley, and boasts one of the leading M&A portfolios in the history of the printing industry, now finds himself in perhaps the biggest challenge of his career.

Mark Angelson, who has been non-executive Chairman of the World Color Board of Directors, will become Chairman and CEO, effective immediately. Jacques Mallette, the company’s previous CEO, will leave World Color to pursue outside business interests.

MONTREAL—Freedom, despite what its name implies, most certainly comes at a stiff price. But Quebecor World can now be marked down as paid in full...and free. Quebecor World, its affiliated debtors and debtors-in-possession have successfully emerged from bankruptcy protection under Chapter 11 of the U.S. bankruptcy code and the Companies’ Creditors Arrangement Act (CCAA) in Canada.

MONTREAL—Quebecor World, its affiliated debtors and debtors-in-possession have successfully emerged from bankruptcy protection under Chapter 11 of the U.S. bankruptcy code and the Companies' Creditors Arrangement Act (CCAA) in Canada. This completes its reorganizational plans and financial restructuring, including successfully closing $800 million in exit financing facilities. At closing, Quebecor World drew about $540 million, with which it has repaid in full its debtor-in-possession credit facility.

MONTREAL—Creditors have approved Quebecor World's U.S. and Canadian plans of reorganization, clearing another hurdle as the insolvent printer bids to exit bankruptcy protection next month. More than 86 percent of the 2,800 ballots cast by creditors green lighted the U.S. plan, while 96 percent of creditors gave an affirmative vote for the Canadian plan. A joint confirmation hearing on both plans is scheduled for June 30.

Quebecor World Inc. and its affiliated debtors and debtors-inpossession announced today the voting results for Quebecor World’s Third Amended Joint Plan of Reorganization (the “U.S. Plan”). Voting by classes of creditors entitled to vote on the Plan reflected broad-based support for the U.S. Plan, with all classes entitled to vote receiving the applicable affirmative vote as required under the U.S. Bankruptcy Code.