Thursday, December 18, 2008

Pierre Karl and Erik Péladeau, others quit Quebecor World board

Printing company Quebecor World said Wednesday that Pierre Karl Péladeau, Erik Péladeau, Jean Neveu and Jean La Couture have quit its board of directors.

The four men are also on the boards of Quebecor Inc., which is suing Quebecor World.

The printing company said the former directors "have determined that, as a result of the claims that have been filed by Quebecor Inc. and its subsidiaries as part of Quebecor World's court protected restructuring process, their resignations are advisable."

The printing company has been in creditor protection since Jan. 21, 2008.

Quebecor World said it does not expect the resignations will affect its plans to get out of creditor protection.

0 comments: