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Montreal, March 15, 2006 –
Transcontinental Inc. today announced the appointment of Benoît
Huard to the position of Vice-President and Chief Financial
Officer of the Corporation. As Corporate Treasurer since 2002,
Mr. Huard was responsible for treasury management, financing,
taxation and risk-management activities. He has held his current
position on an interim basis since the departure of his predecessor
on February 17, 2006. Over the past 20 years, Mr. Huard has
held a number of senior positions related to the financial
management of large public companies, including Quebecor Inc.
and Avenor Inc. He has a bachelor’s degree in Business
Administration from HEC Montreal and is a member of the Quebec
Order of Chartered Accountants.
“Benoît was a natural choice, as he has been in
our succession plans for this position since joining Transcontinental,”
said Luc Desjardins, President and CEO. “Since he is
already well known to the financial community, our business
partners and our entire management team, his appointment will
provide perfect financial-management continuity for Transcontinental.
With Benoît, we will maintain the financial discipline
and stability that will allow us to continue our growth. I
have worked closely with him over the past four years and
have seen his rigour, organizational ability and integrity
in action. He is a leader and a team player.”
Benoît Huard says he is thrilled by the new challenges
he faces: “Transcontinental has the values, the strategy,
the financial strength and the people to continue to make
its mark in the North American market. And with our new Evolution
2010 business project, we are taking a step further in
that direction.”
Profile
The largest printer in Canada and seventh in North America,
Transcontinental is also the country’s leading consumer
magazine publisher and second-largest community newspaper
publisher. Transcontinental distinguishes itself by creating
strategic partnerships that integrate the company into its
customers’ value chain, notably through its unique newspaper
printing outsourcing model and its value-added services. From
mass to highly personalized marketing, the company offers
its clients integrated solutions which also include a diverse
digital platform and a door-to-door distribution network of
advertising material. Transcontinental is a company whose
values, including respect, innovation and integrity, are central
to its operation.
Transcontinental (TSX: TCL.A, TCL.B) has more than 14,000
employees in Canada, the United States and Mexico, and reported
revenues of C$2.2 billion (US$1.9 billion) in 2005.
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For Information:
Media
Jean Blouin
Vice President, Public Relations
Transcontinental Inc.
Telephone: (514) 954-4000
jean.blouin@transcontinental.ca
Financial Community
Stéphane Milot
Director, Public and Investor Relations
Transcontinental Inc.
Telephone: (514) 954-4000
stephane.milot@transcontinental.ca
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