Quebecor World Appoints Jacques Mallette President and CEO
December 17 2007 - 8:58AM
Marketwired
MONTREAL, CANADA (NYSE: IQW) announced today that Jacques
Mallette has been appointed President and CEO effective immediately
and that Wes Lucas is leaving the Company to pursue other
opportunities. The Board of Director believes that Mr. Mallette's
backround, leadership and experience are important to ensuring the
Company is successful in executing its current business plan.
Jacques Mallette has been Executive Vice-President and Chief
Financial Officer of Quebecor World since September of 2005 and has
been involved in all aspects of the Corporation including
operations and customer relations. Mr. Mallette first joined
Quebecor as Executive Vice President and Chief Financial Officer of
Quebecor Inc. and Quebecor Media in March 2003. Previously, he held
the position of President and Chief Executive Officer of Cascades
Boxboard Group Inc. During his 8-year tenure at Cascades, he also
held the positions of Executive Vice President and Chief Financial
Officer. He holds a Bachelors Degree from the University of
Montreal and is a member of the Order of Chartered Accountants of
Quebec.
Mr. Lucas joined Quebecor World in May, 2006 and is leaving the
Company to pursue other opportunities in the United States and
Quebecor World wishes him well in his future endeavors.
The Board of Directors has accepted the resignation of Reginald
Brack as a director, for personal reasons and is pleased to
announce the appointment of Jean La Couture as a director of the
Corporation. Mr. La Couture is a fellow of the Quebec Order of
Chartered Accountants. He was managing director of a major Canadian
accounting firm before becoming President and Chief Executive
Officer of The Guarantee Company of North America. In 1995, he
created Huis Clos Ltd. which specializes in management mediation as
well as in civil commercial negotiations. He also serves as a
member of the board of Quebecor Inc., the Board of Innergex Power
Trust(Chairman of the fiduciary council, Acquisitions Committee,
Audit Committee and Corporate Governance Committee) and Immunotec
Inc. (Chairman of the Audit Committee).
Forward looking statements
This press release may include "forward-looking statements" that
involve risks and uncertainties. All statements other than
statements of historical facts included in this press release,
including statements regarding the prospects of the industry and
prospects, plans, financial position and business strategy of
Quebecor World Inc. (the "Company"), may constitute forward-looking
statements within the meaning of the U.S. Private Securities
Litigation Reform Act of 1995 and Canadian securities legislation
and regulations. Forward-looking statements generally can be
identified by the use of forward-looking terminology such as "may,"
"will," "expect," "intend," "estimate," "anticipate," "plan,"
"foresee," "believe" or "continue" or the negatives of these terms
or variations of them or similar terminology. Although the Company
believes that the expectations reflected in these forward-looking
statements are reasonable, it can give no assurance that these
expectations will prove to have been correct. Forward-looking
statements do not take into account the effect that transactions or
non-recurring or other special items announced or occurring after
the statements are made have on the Company's business. For
example, they do not include the effect of dispositions,
acquisitions, other business transactions, asset writedowns or
other charges announced or occurring after forward-looking
statements are made.
Investors and others are cautioned that undue reliance should
not be placed on any forward-looking statements. For more
information on the risks, uncertainties and assumptions that could
cause the Company's actual results to differ from current
expectations, please refer to the Company's public filings
available at www.sedar.com, www.sec.gov and www.quebecorworld.com.
In particular, further details and descriptions of these and other
factors are disclosed in the "Risks and Uncertainties related to
the Company's business" section of the Company's Management's
Discussion and Analysis for the year ended December 31, 2006, and
the "Risk Factors" section of the Company's Annual Information Form
for the year ended December 31, 2006.
The forward-looking statements in this press release reflect the
Company's expectations as of December 17, 2007 and are subject to
change after this date. The Company expressly disclaims any
obligation or intention to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, unless required by the applicable securities
laws.
About Quebecor World
Quebecor World Inc. (TSX: IQW)(NYSE: IQW) is a world leader in
providing high-value, complete marketing and advertising solutions
to leading retailers, catalogers, branded-goods companies and other
businesses with marketing and advertising activities, as well as
complete, full-service print solutions for publishers. The Company
is a market leader in most of its major product categories, which
include advertising inserts and circulars, catalogs, direct mail
products, magazines, books, directories, digital premedia,
logistics, mail list technologies and other value-added services.
Quebecor World has approximately 27,500 employees working in more
than 120 printing and related facilities in the United States,
Canada, Argentina, Austria, Belgium, Brazil, Chile, Colombia,
Finland, France, India, Mexico, Peru, Spain, Sweden, Switzerland
and the United Kingdom.
Web address: www.quebecorworld.com
Contacts: Quebecor World Inc. Tony Ross Vice President,
Communications 514-877-5317 800-567-7070 Quebecor World Inc. Roland
Ribotti Vice President, Investor Relations and Assistant Treasurer
514-877-5143 800-567-7070
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