Rémi Marcoux, the long-serving patriarch of the Transcontinental empire, has announced he will leave his position as Executive Chair of the Board. In his place, the Board has nominated his daughter, Isabelle Marcoux. The new appointment will take effect at the next annual meeting of the shareholders.
Rémi Marcoux expressed his wish to slow his pace of work with the company, but he will continue to serve on the company’s Board. “I am certain that Isabelle will lead the Board with energy, vision, and discipline,” said Marcoux.
Isabelle Marcoux began working at Transcontinental in 1997 and has served as Vice Chair of the Board of Directors since 2007. She also serves on the boards of such leading Canadian companies as George Weston Limited, Rogers Communications, and Power Corporation of Canada. Last year, she was declared one of Canada’s Top 100 Most Powerful Women by the Women Executive Network.
Transcontinental was founded in 1976, when Rémi Marcoux and his partners, Claude Dubois and André Kingsley, acquired a small commercial printing plant in Saint-Laurent on the outskirts of Montreal. Today, Transcontinental has 10,500 employees in three sectors: state-of-the-art marketing communications, print and digital media, and printing and interactive marketing. In 2010 the Corporation reported revenues of $2.1 billion. Rémi Marcoux remains the Corporation’s controlling shareholder.