Quebecor World Announces New Streamlined Corporate Structure
Press release from the issuing company
MONTREAL--Nov. 29, 2004-- Quebecor World Inc. announced today that it is reorganizing its corporate functions to strengthen its operating structure and improve efficiency. The Presidents of the Company's North America business units will now report directly to Quebecor World's President and Chief Executive Officer Pierre Karl Peladeau. The position of Chief Operating Officer North America and some of its accompanying corporate functions are being abolished and will now report to the global head office or directly to the Presidents of the business units.
David Boles, who previously held the position of Chief Operating Officer, North America has agreed to remain with the Company. He will continue to contribute as a special advisor to the CEO ensuring that Quebecor World provides its customers with the most effective and cost efficient platform in the industry.
"The Company has decided that this new structure will better serve our customers and our shareholders going forward, " said President and CEO Pierre Karl Peladeau. "It will allow me to have a more direct relationship with the operational management and reduce duplication in other areas of corporate services."
"I look forward to continuing my service with Quebecor World by working closely with Pierre Karl providing strategic advice on how we can further develop and improve our North America platform to enhance service to our customers and provide better returns to our shareholders," commented David Boles.
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