Pierre Karl Peladeau returns to lead Quebecor after foray into Quebec politics
MONTREAL — Following an eventful if brief foray into the political arena, Pierre Karl Peladeau is returning to his job as president and CEO of Quebecor, but the company he is coming back to is very different from the one he left.
Peladeau, whose family founded the company (TSX:QBR.B), stepped down from the top job in 2013.
“The corporation is dear to my heart,” Peladeau, 55, said Thursday in a statement announcing his return. “It is in sound financial health and has grown steadily in recent years.”
Peladeau, whose return is effective immediately, had served as president and CEO of Quebecor for 14 years before entering politics.