Tuesday, May 26th12.8°C
26260
25263

Quebecor CEO to retire for health reasons, succeeded by another senior executive

MONTREAL - Quebecor Inc. (TSX:QBR.B) is undergoing its second leadership change in little more than a year, with the announcement that its president and chief executive is retiring.

Robert Depatie, who was promoted to the post last May when Pierre Karl Peladeau stepped down, announced Monday that he was retiring for health reasons. Peladeau was elected as a Parti Quebecois candidate in the recent provincial election, although the party was knocked from power by the Liberals.

The new president and CEO of Quebecor and Quebecor Media is Pierre Dion, who has been a member of Quebecor Media's executive committee since 2004. Dion will also remain president and CEO of TVA Group until a replacement is named.

The handover is effective immediately but Depatie will remain to oversee the transition in support of Dion until May 30.

The company didn't disclose the nature of the health issue faced by Depatie, who is in his mid-fifties.

In addition to leaving to top management post in the Quebecor group, Depatie is retiring as CEO of its Videotron telecommunications arm — a position he has held since 2003 — and as a director of Quebecor and Quebecor Media, which is one of Canada's biggest newspaper, broadcasting and Internet groups.

"It is with deep regret that I announce my retirement after 13 wonderful years with Videotron and Quebecor," said Depatie.

"I am very proud to have worked at one of the flagships of Quebec Inc. and I thank all the management teams and all the employees I had the pleasure of working with."

Depatie had long headed Quebecor's primary financial engine, its cable service, before helping to launch its cellphone operations in 2010.

Depatie, who studied marketing at Western University in London Ont., has been married to Christiane Laporte since 1984. Before joining Quebecor Media, he held a number of senior positions in the food distribution industry, including president of Le Marquis/Planters and executive vice-president of Heinz Canada Ltd. from 1993 to 1998.

The Canadian Press


Read more Business News

26471


Recent Trending




Today's Market
S&P TSX15187.40-13.36
S&P CDNX700.09-3.39
DJIA18232.02-53.72
Nasdaq5089.36-1.43
S&P 5002126.06-4.76
CDN Dollar0.8091-0.003
Gold1205.70+1.40
Oil60.28-0.39
Lumber273.80+3.70
Natural Gas2.849-0.038

 
Okanagan Companies
Pacific Safety0.14+0.01
Knighthawk0.010.00
QHR Technologies Inc1.49+0.01
Cantex0.03-0.01
Anavex Life Sciences0.425+0.053
Metalex Ventures0.08-0.01
Russel Metals25.83+0.04
Copper Mountain Mining1.33-0.05
Colorado Resources0.105+0.005
ReliaBrand Inc0.0048-0.0049
Sunrise Resources Ltd0.04+0.01
Mission Ready Services0.17-0.00
Decisive Dividend Corporation2.20+0.60

 



26255

FEATURED Property
2119582191 - 1880 Old Boucherie Road
3 bedrooms 2 baths
$89,500
more details
image2image2image2
Click here to feature your property
Please wait... loading


Cash stressed seniors

Photo: Thinkstock.comFor many Canadian homeowners, their house represents the biggest portion of their net worth. Now, increasing numbers of seniors are starting to recognize the hidden value of their...


Do or do not

Photo: Thinkstock.com“The optimist sees the rose and not its thorns; the pessimist stares at the thorns, oblivious of the rose.” - Kahlil Gibran Good planning is all about managing chan...


Penetrate the smokescreen

Photo: ContributedHas this ever happened to you? You’re in the middle of your second or third “good discussion” with a prospect. Everything’s going great. The prospect seems en...

_



26418

26418


Member of BC Press Council


25690