Key players at Quebecor World: Pierre Karl Péladeau (left) and former Canadian Prime Minister, Brian Mulroney
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Wes Lucas, former chairman, president and chief executive officer of Sun Chemical, the world’s largest producer of inks and pigments has been named president and chief executive officer of Quebecor World Inc.Lucas replaces Pierre Karl Péladeau at Quebecor World, one of the world’s largest commercial printers, effective May 11, 2006.
"The Board and I thank Pierre Karl Péladeau for his extraordinary service as President and CEO of Quebecor World," says Brian Mulroney, chairman of the Board of Quebecor World Inc. "Despite a challenging environment, Pierre Karl has done an excellent job in positioning Quebecor World for the future.
"I would like to underline the fact that during his tenure Pierre Karl has visited all of our global facilities to produce a comprehensive investment and retooling plan that will make our company the most cost effective and technologically advanced in our industry. This plan, in concert with ongoing cost containment and cost reduction initiatives, is on schedule to deliver improved efficiencies. Pierre Karl will continue to play an important role in Quebecor World as Chairman of the Executive Committee.
"In welcoming Wes Lucas to Quebecor World, the Board of Directors and I believe he has the right background and experience to deliver increased value to our customers, shareholders and employees. As the former President and CEO of one of our principal suppliers, Wes has extensive knowledge of the printing industry.
"This combined with his entrepreneurial and global experience make him an excellent choice to lead Quebecor World," says Mulroney.
Lucas was previously chairman, president and chief executive officer of Sun Chemical, the world’s largest producer of inks and pigments. Before joining Sun Chemical in August 2001, he was a Vice president in AlliedSignal Corporation’s Engineered Materials Sector (now Honeywell), president of Styrenics at Nova Chemicals Corporation, and held several positions at Chevron Corporation.
He has deep strategy and marketing experience as a consultant, as well as entrepreneurial experience with a software company.
In a separate release by Quebecor Media, it was announced that Péladeau is assuming the title of vice chairman of the Board and chief executive officer of Quebecor Media and retaining his position as president and CEO of Quebecor Inc.
Quebecor World Inc. is one of the largest commercial printers in the world with approximately 31,000 employees working in more than 130 printing and related facilities in the United States, Canada, Argentina, Austria, Belgium, Brazil, Chile, Colombia, Finland, France, India, Mexico, Peru, Spain, Sweden, Switzerland and the UK.