Quebecor World Creates New Publishing Services Group Integrating Magazine, Book and Directory Businesses
Montréal, Canada – Quebecor World Inc. (TSX: IQW) today announced that it is integrating its Magazine, Book and Directory Divisions into a single operating structure. The new Publishing Services Group will streamline the Company’s operations, improve services, and better serve existing and new publishing customers.
“This organizational change will unify the capabilities of Quebecor World’s Magazine, Book and Directory Divisions under one operating platform. This customer focused platform will allow the Company to optimize its resources and cost structure to further improve service to our publishing customers,” said Jacques Mallette, President and CEO Quebecor World Inc.
Kevin J. Clarke will lead this new Publishing Services Group. He has been President of Quebecor World’s Book and Directory Publishing Services Group for the last 5 years. Mr. Mallette commented, “Kevin’s extensive management experience in the printing industry and his customer focused approach make him uniquely qualified to lead the new integrated Publishing Services Group.”
“The integrated Publishing Services Group is part of our ongoing efforts to meet and exceed the requirements of magazine, book and directory publishers and to ensure we are in a position to provide innovative market leading services.” said Kevin J. Clarke, President of Publishing Services Group. “This consolidation is a logical streamlining of our core functions and will speed decision making to benefit both our customers and our employees.”
Today’s announcement follows the earlier integration of Quebecor World’s U.S. Retail Insert, Catalog, Sunday Magazine and Direct Divisions into the Marketing Solutions Group and the integration of the Logistics and Premedia divisions under one operating structure. This enhanced U.S. operating structure, comprising three divisions instead of six, will result in greater synergies, shared resources and faster decision making with a focus on delivering complete value-added solutions to two principle customer bases, multi-channel marketers and publishers.
Kevin J. Clarke has 26 years of management experience in the printing industry. His career with the company began in 1982. He has held positions of increasing responsibility in the Magazine, Book and Directory divisions at Quebecor World, including Vice President of Sales, Vice President/General Manager, and Senior Vice President of Operations.
Forward looking statements
This press release may include “forward-looking statements” that involve risks and uncertainties. All statements other than statements of historical facts included in this press release, including statements regarding the prospects of the industry and prospects, plans, financial position and business strategy of Quebecor World Inc. (the “Company”), may constitute forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Canadian securities legislation and regulations. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “plan,” “foresee,” “believe” or “continue” or the negatives of these terms or variations of them or similar terminology. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. Forward-looking statements do not take into account the effect that transactions or non-recurring or other special items announced or occurring after the statements are made have on the Company’s business. For example, they do not include the effect of dispositions, acquisitions, other business transactions, asset writedowns or other charges announced or occurring after forward-looking statements are made.