Tuesday, July 7th14.6°C
26939

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




Recent Trending




Today's Market
S&P TSX14593.57-88.82
S&P CDNX663.33-7.25
DJIA17683.58-46.53
Nasdaq4991.94-17.27
S&P 5002068.76-8.02
CDN Dollar0.7867-0.0039
Gold1166.10-6.80
Oil53.78+0.65
Lumber285.00-3.50
Natural Gas2.778+0.022

 
Okanagan Companies
Pacific Safety0.175+0.005
Knighthawk0.010.00
QHR Technologies Inc1.52+0.00
Cantex0.05+0.02
Anavex Life Sciences0.52+0.06
Metalex Ventures0.065-0.010
Russel Metals22.39-0.39
Copper Mountain Mining1.09-0.08
Colorado Resources0.08-0.01
ReliaBrand Inc0.006+0.000
Sunrise Resources Ltd0.035-0.005
Mission Ready Services0.165+0.005
Decisive Dividend Corporation3.00+0.00

 



24947

FEATURED Property
2330021#310 3645 Carrington Road SE
1 bedrooms 1 baths
$209,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Increase property value

Photo: Thinkstock.comHere are five of the best renovations you can do to your home to increase property value. These five renovations can sometimes have a return on investment five to six times what t...


Active listening

Has this ever happened to you? You had an initial meeting with a prospect. You asked that prospect what seemed to be all the right questions. You had what felt to you like a good conversation, and bas...


The price of money

Money is not a commodity. By definition, a commodity is a generic product that is bought and sold on price alone. Money, Canadian bills for example, look the same, smell somewhat the same, and are ava...

_



26376




Member of BC Press Council


25143