MONTREAL—Four members who also serve on the board of directors for Quebecor Inc. and Quebecor Media have resigned their board posts with Quebecor World. Pierre Karl Peladeau, Erik Peladeau, Jean Neveu and Jean La Couture have determined that "as a result of claims that have been filed by Quebecor Inc. and its subsidiaries as part of Quebecor World's court protected restructuring process, their resignations are advisable."
Pierre Karl Peladeau
Quebecor World, the Montreal-based magazine, book, catalog, direct mail, directory, magazine and retail insert printer. has experienced a roller coaster of fortunes in 2008—bankruptcy, a new leader, new accounts, lost accounts, done deals gone sour, financing misfires and triumphs, shuttered facilities, lost jobs, and now...a new hope.
MONTREAL—In an effort to strengthen its operating structure and improve efficiency, Quebecor World has reorganized its North American leadership structure. The translation: the position of COO for North America and its related functions has been abolished. David Boles, who previously held the position of COO, has agreed to stay with the company as a special advisor to President and CEO Pierre Karl Peladeau. The presidents of the North America business units will now report directly to Peladeau, who believes that the new structure "will better serve our customers and our shareholders going forward." The move also allows Peladeau to have a more direct relationship with operational
MONTREAL—Quebecor World is instituting a major strategic capital investment plan that includes the purchase of up to 22 new web presses for its U.S. manufacturing platform, with many supplied by MAN Roland. The plan calls for 48-, 64-, 96- and 128-page web presses that target the company's magazine, catalog, retail and book platforms. Sixteen of those presses will be MAN Roland LITHOMAN and ROTOMAN machines. An order has been placed for 12 presses, to be commissioned in 2005 and 2006, which carry a price tag of about $165 million. The balance, to be delivered in 2006 and 2007, will also cost $165 million. "During the last
AUGSBURG, GERMANY/MONTREAL--Quebecor World Inc. has awarded a multi-million dollar order for 16 web presses to MAN Roland Inc. The new presses are part of a recently announced major strategic capital investment plan that includes the purchase of a total of 22 new presses for Quebecor World's U.S. magazine, catalog, retail and book platforms. "This investment will benefit our customers and our shareholders by enhancing service and quality and improving efficiency. We are pleased to partner with MAN Roland because they produce a top quality product that will be delivered on time," said Pierre Karl Peladeau, president and CEO, Quebecor World Inc. The
MONTREAL—In a sharp and assertive tone, Brian Mulroney, chairman of Quebecor World, attempted to put down any industry rumors that the company's recent management troubles can be traced back to Pierre Karl Peladeau, chief executive of Quebecor Inc. "I mention this because of facile commentary in some quarters about a 'P.K. discount', with the suggestion that there is constant interference that undermines operating management," Mulroney told shareholders at the company's annual meeting recently. There have been rumblings among some shareholders that the recent wave of executive departures, as well as the announcement that the company would miss first quarter profit expectations, was the result of Peladeau's