Transcontinental Announces Changes to Senior Management
September 24, 2021 at 06:00 am
Share
The Board of Directors of Transcontinental Inc. announces that François Olivier will retire from the Company. He will be leaving his functions on December 9, 2021, after 28 years with the Company, including 13 years as President and Chief Executive Officer. Peter Brues, a member of Transcontinental’s Board of Directors since 2018 and Chair of the Audit Committee, will succeed him as President and Chief Executive Officer. Mr. Brues will join the organization as of November 1st and will work with François Olivier during a transition period. He will officially assume his duties on December 10th. Mr. Brues’s appointment is the culmination of a rigorous succession planning process led by the Company’s Human Resources and Compensation Committee. François Olivier’ journey as President and Chief Executive Officer of Transcontinental began with the optimization of the printing platform and cost reduction initiatives, at a time when the Company was making major investments in its newspaper and flyer printing platform. Through his vision and a highly disciplined approach to capital deployment, Transcontinental invested $800 million to equip TC Transcontinental Printing with a Canada-wide platform. François subsequently played a central role in the consolidation of the Canadian market with strategic acquisitions, such as Quad/Graphics Canada. He also continued to optimize the printing platform to solidify Transcontinental’s position as the larger printer in Canada. Mr. Brues has extensive experience in managing international manufacturing operations, as well as in mergers and acquisitions. In addition to his exemplary track record in large-scale integrations, he has extensive financial expertise and is recognized for his ability to drive performance and maximize results from a global network of operations.
Transcontinental Inc. is a Canada-based packaging company. It conducts business in Canada, the United States, Latin America, and the United Kingdom. It operates in three segments: Packaging, Printing, and Media. The Packaging segment specializes in extrusion, lamination, printing, and converting packaging solutions, generates revenues from the manufacturing and recycling of flexible plastic, including roll stock, labels, die cut lids, shrink films, bags and pouches and advanced coatings. Its facilities are mainly located in the United States, Canada, Latin America, and the United Kingdom. The Printing segment provides integrated services for retailers, including premedia services, flyer printing and distribution, in-store marketing products as well as print solutions for newspapers, magazines, and mass marketing products. The Media segment offers print and digital publishing products, in French and English, including educational books and specialized publications for professionals.