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Brian Mulroney to become new chairman of Quebecor: Report

TORONTO - Former prime minister Brian Mulroney is reportedly poised to assume greater responsibility at telecom and media giant Quebecor Inc. (TSX:QBR:B)

The Globe and Mail says the company has disclosed in a corporate filing that Mulroney, 75, will be named board chairman at its annual meeting next month.

Pierre Karl Peladeau stepped down as chairman in March when he announced plans to enter politics. Mulroney is currently vice-chairman of the board.

Peladeau was elected to the Quebec legislature in April and is considered a top candidate to take over the leadership of the Parti Quebecois.

The move could signal an attempt by Quebecor to put some distance between itself and Peladeau.

His political ambitions have been seen as hindering Quebecor’s efforts to expand its cellular business outside Quebec.

Mulroney is an ardent federalist and viewed as being able to smooth the way in Ottawa, which regulates the cellphone industry.

The Canadian Press

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