MONTRÉAL, Feb. 16, 2017 /PRNewswire/ - Quebecor today announced that Pierre Karl Péladeau
is resuming his role as President and CEO, effective immediately. Pierre Dion, who has held the
position since April 2014, has been appointed Chairman of the Board of Quebecor Media and a
director of Quebecor. Moreover, his nomination will be proposed for the Board of Directors of TVA Group at its General Meeting in
May 2017. Brian Mulroney will remain Chairman of the Board of
Quebecor.
"I am very pleased to return to the helm of Quebecor," said Pierre Karl Péladeau. "The Corporation is dear to my heart, it is
in sound financial health, and has grown steadily in recent years. I'd like to express my gratitude to Pierre Dion for his hard work and exemplary leadership, and to the entire management team. Pierre has been
with the company since 2004 and has been a trusted colleague of mine for over ten years. I'm looking forward to working with him
again."
"I am proud of what I have accomplished in nearly three years as Quebecor's President and CEO and I'm pleased to hand the
reins back to Pierre Karl," said Pierre Dion. "My new roles will
provide new opportunities to contribute to Quebecor's success. And of course I am fortunate to have the chance to work with
Pierre Karl again."
The Right Honourable Brian Mulroney commented: "Since it was founded by Pierre Péladeau in 1965, Quebecor has always been a
solid, successful company thanks to its talented management teams. With Pierre Karl back in the
driver's seat and Pierre as Chairman of the Board of Quebecor Media, we have a first-rate team in place to lead the Corporation's
growth and development going forward."
In his previous 14-year term as President and CEO, Pierre Karl Péladeau articulated a strategic vision for Quebecor which
continued to guide the Corporation under Pierre Dion's leadership. With the new change in
leadership, Quebecor will maintain continuity and press ahead with implementation of its business plan.
About Pierre Karl Péladeau
Pierre Karl Péladeau served as President and CEO of Quebecor from 1999 to 2013. At the dawn of the new millennium, when the
Corporation's activities were being disrupted by the advent of digital, he successfully transitioned Quebecor's traditional
businesses to the new economy. In 2000, with the support of his management team and capital partner Caisse de dépôt et placement
du Québec, he acquired Videotron, including TVA Group, and set about transforming the business. In 2010, in line with a strategy
developed by management and the Board, Videotron launched its own mobile network. The major $2-billion investment moved the Corporation into a burgeoning industry that would drive its future growth while
fitting into its original strategy, which revolved around convergence of content and distribution platforms. Quebecor spearheaded
the development of competition in mobile telephone service as the first new-generation carrier to take on the three incumbents
that dominated the market. Today, that strategy has been proven sound.
Videotron has become the cornerstone of Quebecor's business model. It is now the Québec leader in cable television, Internet
access and wireline telephone service, and has been Québec's fastest-growing mobile carrier in recent years. Videotron is known
for superior customer service: in 2016, it was rated the most respected telecommunications company in Québec for the
11th year in a row. Thanks to Pierre Karl Péladeau's far-sighted strategy, Quebecor has expanded beyond its position
as Québec's media industry leader and moved into growth sectors such as telecommunications, mobility, the digital economy, film
and television production, and sports and entertainment.
True to the vision of its founder, Pierre Péladeau, Quebecor has also remained a dominant player in the development of Québec
culture and the promotion of Québec artists. The Corporation is strongly committed to the community and is a pillar of
philanthropy in Québec. Its numerous philanthropic activities include the Éléphant project, which is dedicated to preserving
Québec movies and making them available in digital format.
About Quebecor
Quebecor, a Canadian leader in telecommunications, entertainment, news media and culture, is one of the best-performing
integrated communications companies in the industry. Driven by their determination to deliver the best possible customer
experience, all of Quebecor's subsidiaries and brands are differentiated by their high-quality, multiplatform, convergent
products and services.
Quebecor (TSX: QBR.A, QBR.B) is headquartered in Québec. It holds an 81.07% interest in Quebecor Media, which employs more
than 10,000 people in Canada.
A family business founded in 1950, Quebecor is strongly committed to the community. Every year, it actively supports people
working with more than 400 organizations in the vital fields of culture, health, education, the environment and
entrepreneurship.
Visit our website: www.quebecor.com
Follow us on Twitter: twitter.com/Quebecor
SOURCE Quebecor