Former RR Donnelley CEO to Chair Quebecor World Board
The creditors of Quebecor World announced in a court filing this week the names of the company's new independent directors. Former RR Donnelley CEO Mark Angelson will be chairman. He will be joined by Tom Ryder, former chairman and CEO of Reader's Digest, and Jack Kliger, former president and CEO of Hachette Filipacchi. Ryder and Kliger are past chairmen of the Magazine Publishers Association. Ryder also sits on the boards of Amazon.com, Virgin Mobile and Starwood Hotels.
Raymond Bromark, chairman of the audit committee of CA Inc. and a retired senior partner of PricewaterhouseCoopers, also was named to the board, along with turnaround specialist James Gaffney; printing industry veteran Michael Allen; Canadian lawyer and former senior officer of Alcan Inc. David McAusland; and Gabriel de Alba, managing director and partner of Catalyst Capital Group of Toronto.
"The highly fragmented printing industry must undergo further consolidation, and this company will be an important part of that process. We look forward to providing overall strategic guidance, best governance practices and oversight," says a spokesman for the director designees.
Jacques Mallette, Quebecor's chief executive, will be the only continuing member of the board. The new board members will be seated upon the company's emergence from its insolvency proceedings, which is expected to occur in July.