Top Execs Departing Quebecor

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Charles Cavell, president/CEO of commercial printer Quebecor World, and his chief financial officer and executive vice president, Christian Paupe, have announced intentions to leave the company, Quebecor said yesterday.

Cavell will announce his retirement plans in April at the company's annual shareholder meeting. Though a timetable for Cavell's departure has not been determined, he may stay in his present role until the end of 2003 to ensure a smooth transition.

Paupe is leaving to "explore other career opportunities" and is "committed to an orderly and proper transition of his responsibilities," Quebecor said. Further details were not given.

Quebecor named John Paloian and David Boles co-chief operating officers for its North American operations in September, and Michel Desbiens became CEO for Quebecor World's international division in November. The three will share responsibility for managing the company.

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