Pierre Péladeau stepped down as CEO of Quebecor, Videotron’s parent company last year. He remained involved with the company as Vice Chairman and member of the Board of Directors of Quebecor and Chairman and member of the Boards of Directors of Quebecor Media and TVA Group until today. He announced earlier in the day that he is entering politics and will run as a Parti Québécois candidate in Quebec’s April 7 provincial election. As a result, Quebecor announced that “Mr. Péladeau will no longer take part in any decisions respecting the Corporation’s daily or strategic management.”
“We will continue managing Quebecor in the interests of all shareholders, including the Caisse de dépôt et placement du Québec,” said Robert Dépatie, President and CEO of Quebecor and Quebecor Media. “Quebecor has always been responsive to its customers’ needs and that will remain our priority. Through our strong brands, such as Videotron, TVA, Le Journal de Québec, Le Journal de Montréal, Sun Media, Archambault and many others, we will continue delivering the best possible customer experience.”
Robert Dépatie, who took over the role of CEO when Pierre Péladeau stepped down last March, will remain in his current role.
Source : Quebecor