Quebecor CEO Robert Depatie Retires for Health Reasons
TORONTO - Robert Depatie, who became head of Quebec media giants Quebecor and Quebecor Media a year ago, is retiring for health reasons.
Depatie became president and CEO of Quebecor and Quebecor Media in May 2013 when majority shareholder Pierre Karl Peladeau left those posts to run for political office as a separatist candidate.
"It is with deep regret that I announce my retirement after 13 wonderful years with Videotron and Quebecor,” said Depatie in a statement on Monday, without specifying what health issues he faces.
He will be succeeded by Pierre Dion as head of Quebecor and Quebecor Media, which includes the Videotron cable group and the TVA free over-the-air TV network.
Dion will continue to head up TVA until his replacement is found.
Quebecor Media, Quebec's largest cable, TV and telecom company, has been fending off the impact of a soft advertising market as it moves deeper into digital media.