Shake Up At Quebecor World - Four Directors Resign

By Dave Forde on December 18th, 2008

Hello there! If you are new here, you might want to subscribe to the RSS feed for updates on this topic.

It seems the trouble that’s been brewing over at Quebecor World has resulted in four Directors resigning from the Board of Directors, with Pierre Karl Peladeau, Erik Peladeau (Vice-Chairman of the Board), Jean Neveu and Jean La Couture (Chairman of the Audit Committee) stepping down. The four also serve as Board of Directors for Quebecor Inc. and Quebecor Media Inc. The move is not that surprising considering the current lawsuit filed by Quebecor Inc. and its subsidiaries as part of Quebecor World’s court protected restructuring process. The company has been in credit protection since Jan. 21, 2008.