Resignation from the Boards of Directors: Pierre Karl Peladeau No Longer Involved in the Corporation's Management
March 09 2014 - 1:00PM
Marketwired
Resignation from the Boards of Directors: Pierre Karl Peladeau No
Longer Involved in the Corporation's Management
MONTREAL, QUEBEC--(Marketwired - Mar 9, 2014) - Quebecor
announces that, following his decision to enter politics, Pierre
Karl Péladeau resigned this morning as Vice Chairman and member of
the Board of Directors of Quebecor and Chairman and member of the
Boards of Directors of Quebecor Media and TVA Group. Quebecor also
confirms that Mr. Péladeau has promised to place his financial
interests in the Corporation in a blind trust or under a blind
management agreement if he is elected to Québec's National Assembly
on April 7. As of today, Mr. Péladeau will no longer take part in
any decisions respecting the Corporation's daily or strategic
management.
Françoise Bertrand, Chairperson of the Board of Quebecor, and
the Right Honourable Brian Mulroney, Vice Chairman of the Board of
Quebecor, issued the following statement: "Quebecor employs 12,000
people in Québec and nearly 16,000 across Canada. As one of the
Canada's largest private employers, our priority is to create
shareholder value."
"We will continue managing Quebecor in the interests of all
shareholders, including the Caisse de dépôt et placement du
Québec," said Robert Dépatie, President and CEO of Quebecor and
Quebecor Media. "Quebecor has always been responsive to its
customers' needs and that will remain our priority. Through our
strong brands, such as Videotron, TVA, Le Journal de Québec, Le
Journal de Montréal, Sun Media, Archambault and many others,
we will continue delivering the best possible customer
experience."
Finally, Quebecor management wishes to stress that the newsrooms
of its media properties will continue to operate fully
independently and to defend the public interest. Coverage of the
current Québec provincial election campaign will continue to be
fair and impartial towards all political parties and
candidates.
About Quebecor
Quebecor, a Canadian telecommunications, entertainment and news
media leader, is one of the best-performing integrated
communications companies in the industry. Driven by their
determination to deliver the best possible customer experience, all
of Quebecor's subsidiaries and brands are differentiated by their
high-quality, multiplatform, convergent products and services.
Quebecor (TSX: QBR.A, QBR.B) is firmly based in Québec. It holds
a 75.36% interest in Quebecor Media, which employs nearly 16,000
people in Canada.
A family business founded in 1950, Quebecor is strongly
committed to the community. Every year, it actively supports people
working with more than 400 organizations in the vital fields of
culture, health, education, the environment and
entrepreneurship.
Visit our website: www.quebecor.com
Follow us on Twitter: www.twitter.com/QuebecorMedia
Martin TremblayVice President, Public AffairsQuebecor
Media514-380-1985martin.tremblay@quebecor.com
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