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Péladeau Steps Down as Quebecor President

Péladeau says he will be dedicating more time to his family and philanthropy. He will continue to serve as Vice Chairman as well as take on the role of Chairman of Quebecor Media. Current Quebecor Media Chairman Serge Gouin will be retiring from the position, one he has also held since the division’s formation. Videotron CEO Robert Dépatie will take on his executive duties at Quebecor Inc.

“I am extremely proud of this huge vote of confidence from Pierre Karl, the directors of Quebecor and its partner, the Caisse de dépôt et de placement du Québec,” said Robert Dépatie. “I am grateful for the trust my management colleagues have placed in me over the past ten years and I wish to thank Pierre Karl for inspiring us to realize the vision we framed when Quebecor Media began. I also feel very privileged to be able to count on Pierre Karl’s presence, support and sound advice in my new position.”

In his 14 year history leading Quebecor, Péladeau has radically transformed the composition of the company, changing from a predominantly print-based company to one which has holdings in telecommunications. In 2008, Quebecor World, filed for bankruptcy protection, rebranded as Worldcolor before finally being purchased by Wisconsin-based Quad/Graphics in July 2010.

Today, Quebecor owns many media properties, including Sun Meida, TVA Group, Videotron, Canoe Inc. and Quebecor Media, as well as holding to major broadcasting power in the province of Quebec. The company was founded by Pierre-Karl’s father, Pierre in 1950.