MONTRÉAL, Feb. 16, 2017
/PRNewswire/ - Quebecor today announced that Pierre Karl
Péladeau is resuming his role as President and CEO, effective
immediately. Pierre Dion, who has
held the position since April 2014,
has been appointed Chairman of the Board of Quebecor Media and a
director of Quebecor. Moreover, his nomination will be proposed for
the Board of Directors of TVA Group at its General Meeting in
May 2017. Brian Mulroney will remain Chairman of the Board
of Quebecor.
"I am very pleased to return to the helm of Quebecor," said
Pierre Karl Péladeau. "The Corporation is dear to my heart, it is
in sound financial health, and has grown steadily in recent years.
I'd like to express my gratitude to Pierre
Dion for his hard work and exemplary leadership, and to the
entire management team. Pierre has been with the company since 2004
and has been a trusted colleague of mine for over ten years. I'm
looking forward to working with him again."
"I am proud of what I have accomplished in nearly three years as
Quebecor's President and CEO and I'm pleased to hand the reins back
to Pierre Karl," said Pierre Dion. "My new roles will provide new
opportunities to contribute to Quebecor's success. And of course I
am fortunate to have the chance to work with Pierre Karl again."
The Right Honourable Brian Mulroney commented: "Since it was
founded by Pierre Péladeau in 1965, Quebecor has always been a
solid, successful company thanks to its talented management teams.
With Pierre Karl back in the
driver's seat and Pierre as Chairman of the Board of Quebecor
Media, we have a first-rate team in place to lead the Corporation's
growth and development going forward."
In his previous 14-year term as President and CEO, Pierre Karl
Péladeau articulated a strategic vision for Quebecor which
continued to guide the Corporation under Pierre Dion's leadership. With the new change in
leadership, Quebecor will maintain continuity and press ahead with
implementation of its business plan.
About Pierre Karl Péladeau
Pierre Karl Péladeau served as President and CEO of Quebecor
from 1999 to 2013. At the dawn of the new millennium, when the
Corporation's activities were being disrupted by the advent of
digital, he successfully transitioned Quebecor's traditional
businesses to the new economy. In 2000, with the support of his
management team and capital partner Caisse de dépôt et placement du
Québec, he acquired Videotron, including TVA Group, and set about
transforming the business. In 2010, in line with a strategy
developed by management and the Board, Videotron launched its own
mobile network. The major $2-billion
investment moved the Corporation into a burgeoning industry that
would drive its future growth while fitting into its original
strategy, which revolved around convergence of content and
distribution platforms. Quebecor spearheaded the development of
competition in mobile telephone service as the first new-generation
carrier to take on the three incumbents that dominated the market.
Today, that strategy has been proven sound.
Videotron has become the cornerstone of Quebecor's business
model. It is now the Québec leader in cable television, Internet
access and wireline telephone service, and has been Québec's
fastest-growing mobile carrier in recent years. Videotron is known
for superior customer service: in 2016, it was rated the most
respected telecommunications company in Québec for the
11th year in a row. Thanks to Pierre Karl Péladeau's
far-sighted strategy, Quebecor has expanded beyond its position as
Québec's media industry leader and moved into growth sectors such
as telecommunications, mobility, the digital economy, film and
television production, and sports and entertainment.
True to the vision of its founder, Pierre Péladeau, Quebecor has
also remained a dominant player in the development of Québec
culture and the promotion of Québec artists. The Corporation is
strongly committed to the community and is a pillar of philanthropy
in Québec. Its numerous philanthropic activities include the
Éléphant project, which is dedicated to preserving Québec movies
and making them available in digital format.
About Quebecor
Quebecor, a Canadian leader in
telecommunications, entertainment, news media and culture, 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 headquartered in Québec. It
holds an 81.07% interest in Quebecor Media, which employs more than
10,000 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: twitter.com/Quebecor
SOURCE Quebecor