Quebecor World Announces the Resignation of Four Directors
Press release from the issuing company
MONTREAL, CANADA--(Dec. 17, 2008) - Quebecor World Inc. announces that Pierre Karl Peladeau, Erik Peladeau (Vice-Chairman of the Board), Jean Neveu and Jean La Couture (Chairman of the Audit Committee) have resigned from the Board of Directors.
Pierre Karl Peladeau, Erik Peladeau, Jean Neveu and Jean La Couture also serve on the boards of Quebecor Inc. and Quebecor Media Inc., and have determined that, as a result of the claims that have been filed by Quebecor Inc. and its subsidiaries as part of Quebecor World's court protected restructuring process, their resignations are advisable. Alain Rheaume, the lead director, has been appointed as the new Chairman of the Audit Committee of the Company and has been added as a member of the Restructuring Committee. Andre Caille has been appointed as a member of the Audit Committee. Mr. Caille continues to Chair the Restructuring Committee along with fellow members Mr. Rheaume, Michele Desjardins and Jacques Mallette. Quebecor World does not believe the above mentioned resignations will impact its plan to exit creditor protection as a strong company in its industry.
WhatTheyThink is the global printing industry's leading independent media organization with both print and digital offerings, including WhatTheyThink.com, PrintingNews.com and WhatTheyThink magazine versioned with a Printing News and Wide-Format & Signage edition. Our mission is to provide cogent news and analysis about trends, technologies, operations, and events in all the markets that comprise today’s printing and sign industries including commercial, in-plant, mailing, finishing, sign, display, textile, industrial, finishing, labels, packaging, marketing technology, software and workflow.