MONTREAL – Following his decision to enter politics, Pierre Karl Peladeau has resigned from his duties at Quebecor which included 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.
In an announcement on Sunday, Quebecor added that Peladeau (pictured) 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 Quebec's National Assembly on April 7. Effective immediately, Peladeau will no longer take part in any decisions regarding the company’s daily or strategic management.
Quebecor’s announcement added that “its 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 Quebec provincial election campaign will continue to be fair and impartial towards all political parties and candidates.”
"We will continue managing Quebecor in the interests of all shareholders, including the Caisse de depot et placement du Quebec," said Quebecor and Quebecor Media president and CEO Robert Depatie, in the announcement. "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 Quebec, Le Journal de Montreal, Sun Media, Archambault and many others, we will continue delivering the best possible customer experience."
