Quebecor World Names New Leaders, Sees Profit Soar

Share this content:
Quebecor World Inc. yesterday announced a big improvement in profit for last year and named two former Donohue executives to lead the company.


The company saw strong performance in its North American catalog/magazine business for fourth-quarter 2002, but weaker than expected results in its North American commercial/direct group.


Quebecor World, Montreal, earned $279.3 million last year for the year ended Dec. 31, up from $22.4 million in 2001, when profits were hurt by restructuring and other charges. Fourth-quarter revenue increased to $1.69 billion from $1.62 billion in the same period of 2001.


Also yesterday, two former executives of paper company Donohue Inc., which Quebecor bought and later sold, were named to the management team. Michel Desbiens replaces Charles Cavell as CEO, while Claude Helie was named chief financial officer. Cavell will remain as deputy chairman of the board.


With 40,000 employees in 160 facilities, Quebecor is the world's largest commercial printer. It announced several contract wins last year, including USA Weekend, Simon & Schuster, Albertsons, Rogers Publishing, Avon, Reader's Digest, Telefonica and Abril.


Loading links....

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