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Quebecor Media chairman to retire, Pierre Karl Peladeau to step in to replace him

QMI Agency

Quebecor's Pierre Karl Peladeau. (File)

Quebecor's Pierre Karl Peladeau. (File)

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MONTREAL — After 14 years at the helm, Pierre Karl Peladeau announced Thursday morning he will step down as president and CEO of media giant Quebecor, a company his father founded.

He will be replaced by Robert Depatie, who is currently president and CEO of Videotron, Quebecor’s telecommunications arm.

Peladeau will remain with the company, however. He will replace retiring Serge Gouin as chairman of the board of Quebecor Media Inc. (QMI) and of TVA Group. Peladeau will also become vice-chairman of the board of Quebecor Inc.

Depatie is set to take over Peladeau’s old job on May 8.

“The governance committee and I are very pleased to transfer responsibility for the corporation’s management to Robert,” Peladeau said in a statement.

He said Depatie has built Videotron into "the most respected telecom company in Quebec.”

Peladeau said since Depatie’s appointment, Videotron’s operating income increased from $275 million to over $1.2 billion.

Former prime minister Brian Mulroney, who sits on Quebecor’s board of directors, said Peladeau will remain active in the company.

“Pierre Karl will be more and more responsible for the big strategic questions,” Mulroney said in an interview with QMI Agency Thursday.

“Questions about where Quebecor will be in 10 years, not just in Quebec, but in the U.S. and around the world.”

Mulroney added that Peladeau was a “remarkable leader” who transformed the fortunes of Quebecor.

He said Peladeau’s decision to step down as president and CEO “was highly personal.”

Mulroney said Peladeau wanted the chance to spend more time with his wife and their three young children.



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