Quebecor Head Pierre Karl Peladeau to Step Down in Surprise Shakeup
TORONTO -- Quebec media boss Pierre Karl Peladeau is stepping down as president and CEO of Quebecor Inc. and Quebecor Media.
Peladeau, to be replaced in those posts by Robert Depatie, will still oversee the Quebec media groups as chairman of Quebecor Media and of private broadcaster TVA Group.
Depatie has been president and CEO of Group Videotron, the provincial cable giant, since 2003.
“I and all of Quebecor's directors are confident that he (Depatie) will be equally successful in leading the growth and development of QMI and Quebecor,” Peladeau said Thursday in a statement.
Peladeau is also to become vice-chairman of Quebecor Inc.
The unexpected corporate shakeup is prompted by Serge Gouin retiring as chairman of Quebecor Media.
Peladeau is the son of Quebecor founder Pierre Peladeau and joined the media group’s management team in 1985 before becoming the public face of the family-controlled media empire 14 years ago.
In 2000, his Montreal-based media group acquired Groupe Vidéotron and TVA, the province’s largest private broadcaster.
That takeover led to the creation of Quebecor Media, comprising Quebecor’s entertainment properties.
The surprise changes to Quebecor and Quebecor Media’s corporate management will take effect on May 8, 2013.