Quebecor World Looks for New Leader

The Peladeau family controls 63 percent of votes at Quebecor Inc. through multiple-voting shares. The parent company, in turn, has 76 percent of the voting rights for Quebecor World.

It has been a rough year for the company, which has had to deal with management turnover, dropping stock prices and a weak economy. Its problems started with a series of management changes. Long-time CEO Charles Cavell retired in April due, in large part, to poor health. He was replaced by Michel Desbiens who resigned as president and CEO after just a month at the helm of the printing giant. Desbiens left the company after learning that his wife was seriously ill. He told the company that in light of his wife's medical condition, he did not feel that he could continue on as CEO.