Desjardins Leaving Transcontinental in 2008

MONTREAL—Francois Olivier, the son-in-law of Transcontinental founder Remi Marcoux, will be taking command of the Canadian printing giant in 2008.

Transcontinental’s board of directors unanimously appointed Olivier as its next president and CEO, effective February 20, 2008. He replaces Luc Desjardins, who is leaving to pursue other opportunities.

Under Desjardins, Transcontinental grew from a market capitalization of C$653 million to C$1.8 billion.

Olivier, 42, has been with Transcontinental since 1993 and has served various roles.