Michel Desbiens Named CEO of International Operations at Quebecor World Inc.
Press release from the issuing company
MONTREAL--Nov. 5, 2002--On behalf of the Board of Directors, I am pleased to announce the appointment of Michel Desbiens to the newly created position of Chief Executive Officer, International Operations.
In this role, Michel will be responsible for the performance and development of all Quebecor World operations outside of North America. The creation of this position is vital to the long term strategic development of Quebecor World and its near term performance. Michel's experience as President and Chief Executive Officer of Donohue Inc. uniquely qualifies him to fulfill this responsibility. Michel will also become of member of the Office of the CEO which oversees the Company's strategic direction and long-term development.
"Michel accepting to join the Company is great news," said Charles G. Cavell, President and CEO, Quebecor World. "His experience will allow him to meaningfully create value from day one. I very much look forward to working with Michel to increase shareholder value."
Having years of experience in the paper industry and public company administration, Michel will also work with Charles G. Cavell to maximize opportunities for the Company to further improve its competitive advantages in areas such as global procurement, supply-chain initiatives for strategic resources such as paper, manufacturing operations and other projects to sustain and improve margins.
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