February 16, 2017 1 week 2 days ago

Péladeau takes back the reins at Quebecor

MONTREAL - Pierre Karl Péladeau has resumed his role as Quebecor’s president and CEO effective immediately, the company said Thursday.

Péladeau, a separatist who entered provincial politics before resigning from the Parti Quebecois last May,  was Quebecor’s president and CEO for 14 years, from 1999 to 2013.  Péladeau’s father Pierre founded the Quebec-based company in 1965.

Pierre Dion, who replaced Péladeau as president and CEO in April 2014, will become chairman of the Quebecor Media board and a director of Quebecor.  Brian Mulroney will remain as chairman of the board of Quebecor.

"I am very pleased to return to the helm of Quebecor," said Pierre Karl Péladeau, in the announcement.  "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."