New Year Brings Change to Ranks at Quebecor

MONTREAL—There has been a management shakeup at Quebecor World, North America's largest printer.

Quebecor World CEO and President Charles Cavell has announced that he plans to retire by April of 2003. In addition, Christian Paupe, CFO, executive vice president and chief administrative officer, has informed the company's board of directors that he is quitting in order to explore other opportunities.