Just Weeks Into Job Quebecor CEO Resigns

Share this content:
Michel Desbiens, president/CEO of commercial printing giant Quebecor World Inc., cited family issues as he announced his resignation yesterday, just a few weeks after he took over the role.


In a statement, Desbiens said family issues that had "come to light in recent weeks" impeded his ability to focus on his role as president/CEO. Desbiens, a former executive with paper company Donohue Inc., replaced Charles Cavell as CEO in early February.


Further details of Desbiens' departure were not disclosed. Jean Neveu, who served as Quebecor president/CEO from 1989 to 1997 and as chairman of its board of directors from 1989 to 2002, will serve as interim replacement for Desbiens.


Also yesterday, Quebecor said it expected a net income of $24 million to $29 million for the first quarter of 2003. The performance reflected a continuing weakness and decreased prices in the North American print market, Quebecor said.


In addition, Quebecor's French operations continue to underperform, the company said. In February, Quebecor announced a restructuring plan to reduce the costs of its French operations.


The first quarter tends to be a seasonal low point for Quebecor, the company noted.


Loading links....
close

Next Article in Direct Mail

Sign up to our newsletters

Company of the Week

Since 1985, Melissa Data has helped thousands of companies clean, correct and complete contact data to better target and communicate with their customers. We offer a full spectrum of data quality solutions, including global address, phone, email, and name validation, identify verification - available for batch or real-time processes, in the Cloud or on-premise. Our service bureau provides dedupe, email/phone append and geographic/demographic append services for better targeting and insight. For direct mailers, Melissa Data offers easy-to-use address management/postal software, list hygiene services and 100s of specialty mailing lists - all with competitive pricing and excellent customer service.

Find out more here »

DMN's Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here