SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 6-K
REPORT OF FOREIGN ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For PRESS RELEASE AND SUPPLEMENTAL DISCLOSURE
-----------------------------------------------------------------------------
QUEBECOR WORLD INC. (FORMERLY KNOWN AS QUEBECOR PRINTING INC.)
- --------------------------------------------------------------------------------
(Translation of Registrant's Name into English)
612 Saint-Jacques Street, Montreal, Quebec, H3C 4M8
- --------------------------------------------------------------------------------
(Address of Principal Executive Office)
(Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F)
Form 20-F Form 40-F X
----- -----
(Indicate by check mark whether the registrant by furnishing the information
contained in this form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act
of 1934.)
Yes No X
----- -----
Press Release
of
QUEBECOR WORLD INC.
(Formerly known as Quebecor Printing Inc.)
Filed in this Form 6-K
Documents index
1. Press Release
2. Supplemental Disclosure
[QUEBECOR WORLD LOGO]
SEPTEMBER 25, 2002 16/02
FOR IMMEDIATE RELEASE Page 1 of 1
QUEBECOR WORLD ANNOUNCES NEW OPERATING STRUCTURE
AND SENIOR LEADERSHIP APPOINTMENTS
JOHN PALOIAN AND DAVID BOLES NAMED CO-CHIEF OPERATING OFFICERS
QUEBECOR WORLD NORTH AMERICA
MONTREAL, CANADA -- Quebecor World Inc. (NYSE; TSX: IQW) is pleased to announce
senior leadership appointments that will further strengthen its operating
structure and enhance customer service. John Paloian, President Magazine/Catalog
and David Boles, President Retail and Sunday Magazines are assuming the roles of
Co-Chief Operating Officers, North America. Both will report directly to Charles
Cavell, President and CEO, Quebecor World Inc. This new operating structure
reduces administrative duplication and positions Mr. Cavell so that he can work
directly with senior operating management in the United States as he does with
the senior Executives in Europe and Latin America.
"John and David have done an excellent job building and managing their
respective businesses which now represent two-thirds of our North American
revenues. Both John and David have provided leadership in implementing the
merger of Quebecor Printing and World Color Press, as well as our recent
restructuring initiatives, giving them an intimate knowledge of our
industry-leading North American platform," said Mr. Cavell. "With these tasks
now essentially complete, John and David are the ideal team to take this
platform to the next level. I look forward to working closely with them to
create new value for our shareholders, customers and employees."
Under this new structure Mr. Paloian will continue to manage the
Magazine/Catalog Group and will assume responsibility for the Commercial/Direct
Group now led by Fran Canzano. In addition, Dan Scapin, President of Logistics
will report to Mr. Paloian. Mr. Boles will continue to manage the Retail and
Sunday Magazine Group and will assume responsibility for Quebecor World's
pre-media operations, Que-Net Media, the Directory Group and the Book Group.
"I am pleased to accept this new challenge and I am looking forward to working
closely with David," said Mr. Paloian. "Many of our magazine and catalog
customers avail themselves of the services of our Commercial/Direct Group
including Logistics; this new structure will allow us to provide better and more
efficient services across our customer base."
"John and I are committed to maximizing the value of our entire platform for our
customers and our shareholders," said Mr. Boles. The grouping together of these
businesses will enable us to find new and innovative ways to leverage our size
and technological advantage creating even greater value together than we could
alone."
Quebecor World Inc. (NYSE; TSX: IQW) is the largest commercial printer in the
world. It is a market leader in most of its major product categories which
include magazines, inserts and circulars, books, catalogs, specialty printing
and direct mail, directories, digital pre-media, logistics, mail list
technologies and other value added services. Quebecor World Inc. has
approximately 40,000 employees working in more than 160 printing and related
facilities in the United States, Canada, Brazil, France, the United Kingdom,
Belgium, Spain, Austria, Sweden, Switzerland, Finland, Chile, Argentina, Peru,
Colombia, Mexico and India.
- 30 -
FOR FURTHER INFORMATION, PLEASE CONTACT:
Jeremy Roberts Tony Ross
Vice President, Investor Relations Director, Communications
Quebecor World Inc. Quebecor World Inc.
(514) 877-5118 (514) 877-5317
(800) 567-7070 (800) 567-7070
[QUEBECOR WORLD LOGO]
QUEBECOR WORLD INC.
SUPPLEMENTAL DISCLOSURE
AS FURNISHED TO THE SECURITIES AND EXCHANGE COMMISSION ON SEPTEMBER 25TH, 2002
LEADERSHIP APPOINTMENTS
FOR PUBLIC RELEASE ON SEPTEMBER 25TH, 2002
http://www.quebecorworld.com
QUEBECOR WORLD
- --------------------------------------------------------------------------------
LEADERSHIP APPOINTMENTS
PAGE
----
1. 2002 MANAGEMENT STRUCTURE
o North American Operations 2
o Corporate Office 4
o International Operations 5
o Office of the CEO 6
2. ATTACHMENTS
o Organizational Chart 7
o Management Profiles 8
-1-
1. THE 2002 MANAGEMENT STRUCTURE
- --------------------------------------------------------------------------------
NORTH AMERICAN OPERATIONS
- -------------------------
Quebecor World's North American Operations consists of six principal business
units ("Product Groups"), each headed by a seasoned printing executive ("Group
President"). This grouping of products was designed to provide customers with
ease of access to the Company representatives directly relevant to their needs,
while enabling the Company to allocate manufacturing capacity and deliver
customer service most efficiently and most effectively. The merger of Quebecor
Printing and World Color Press in 1999 provided the Company with the strongest
depth of management resources in the industry, which is reflected in each of the
six Product Groups.
The integration of World Color's and Quebecor Printing's North American
operations allowed the Company to create an efficient, integrated coast-to-coast
service platform. Success in this initiative required clear management line
accountability for the North American platform as a whole. The 2001
Restructuring Plan called for the same degree of accountability at the North
America level.
The 2002 Management Structure introduces a new degree of proximity of executive
management to the marketplace and the Company's customers, while eliminating a
now-redundant layer of management.
-2-
1. THE 2002 MANAGEMENT STRUCTURE
- --------------------------------------------------------------------------------
NORTH AMERICAN OPERATIONS (CONT'D)
- ----------------------------------
Under the 2002 Management Structure, the six core Product Groups will be led
jointly by the Company's two senior operating executives in North America, who
will both report to Charles Cavell, President and Chief Executive Officer.
John Paloian, currently President of the Magazine / Catalog Product Group, now
assumes additional leadership responsibility for the Commercial / Direct Product
Group, as well as the Logistics / Distribution Group.
David Boles, currently Group President of the Retail Product Group, will assume
additional leadership responsibility for the Company's Que-Net pre-media
division, the Directory Group and the Book Group.
Prior to these new responsibilities, John and David were jointly accountable for
approximately two thirds of North American revenues. With these changes, they
assume full leadership accountability for North America, and have therefore been
appointed Co-Chief Operating Officers for North America.
Functioning together, John and David will be in a position to provide strong
leadership for the operating environment. They will further enhance Quebecor
World's unique coast-to-coast multi-plant network, improving scheduling and
service to North America's leading publishers, retailers and other customers.
-3-
1. THE 2002 MANAGEMENT STRUCTURE
- --------------------------------------------------------------------------------
CORPORATE OFFICE
- ----------------
Quebecor World Corporate Office operates in three locations: Montreal (Canada),
Greenwich (Connecticut) and Fribourg (Switzerland). In parallel with the
organizational changes in North American operations, Christian Paupe, Executive
Vice President and Chief Administrative Officer will lead the initiative to
further integrate functions in these three offices. This initiative will address
numerous corporate services functions, including financial reporting and
procurement. When completed, this integration initiative will ensure that
Quebecor World's Corporate Services are providing the required level of value
and support for the needs of the Company's customers and suppliers, while
improving efficiency to improve the Company's financial performance.
-4-
1. THE 2002 MANAGEMENT STRUCTURE
- --------------------------------------------------------------------------------
INTERNATIONAL OPERATIONS
- ------------------------
The organizational changes introduced by the 2002 Management Structure were
motivated by evolution in the Company's North American operating environment.
Vincent Bastien, President of Quebecor World Europe, will continue to report to
Charles Cavell, as will Guy Trahan, President of Quebecor World Latin America.
-5-
1. THE 2002 MANAGEMENT STRUCTURE
- --------------------------------------------------------------------------------
OFFICE OF THE CEO
- -----------------
The Office of the CEO was formed in 2000 with a mandate to set strategic
direction for the Company and make all necessary operating decisions. David
Boles and John Paloian have been appointed to the Office of the CEO, which now
includes:
Charles Cavell President and Chief Executive Officer
Erik Peladeau Executive Vice President and Vice Chairman
Christian Paupe Executive Vice President, CFO and Chief Administrative Officer
John Paloian Co-Chief Operating Officer, North America
David Boles Co-Chief Operating Officer, North America
David and John will join Charles Cavell and Christian Paupe on the Company's
third quarter conference call, to be held on October 29th, 2002, to discuss
third quarter results and print market conditions.
-6-
2. ATTACHMENTS
- --------------------------------------------------------------------------------
ATTACHMENT 1 : ORGANIZATIONAL CHART
Charles G. Cavell
President and CEO *
Vincent Bastien Guy Trahan John Paloian David Boles Christian Paupe
President President Co-COO Co-COO EVP and
Europe Latin America North America North America CFO
Magazines Retail
Catalogs Que-Net
Commercial Directory
Direct Books
Logistics
* Brian Mulroney is Chairman of the Board of Directors
Erik Peladeau is Vice-Chairman and Executive Vice President
-7-
2. ATTACHMENTS
- --------------------------------------------------------------------------------
ATTACHMENT 2 : MANAGEMENT PROFILES
DAVID S. BOLES
CO-CHIEF OPERATING OFFICER, QUEBECOR WORLD NORTH AMERICA
For the past seven years, David Boles has managed all aspects of the Quebecor
World's Retail and Sunday Magazine Group, including operations, sales, marketing
and customer support. David was instrumental in the development of Quebecor
World's industry-leading gravure manufacturing platform. David served as head of
Human Resources for Quebecor World from 1992 to 1993, and has hands-on plant
management experience. David joined Quebecor World in 1992 from Lawson Mardon
Printing and Packaging. He is a seasoned veteran of the printing industry with
19 years of experience, ten of which have been at the executive level. David has
a Master's degree in Business Administration from the University of Western
Ontario.
JOHN R. PALOIAN
CO-CHIEF OPERATING OFFICER, QUEBECOR WORLD NORTH AMERICA
John Paloian has managed all aspects of Quebecor World's Magazine / Catalog
franchise since July, 1999 when he joined the Company from World Color Press. At
World Color, John managed the Magazine / Catalog franchise for a period of
two years. Prior to that, John worked at R.R. Donnelley & Sons in various roles
for eleven years, including Senior Vice President and General Manager of
Magazine Publishing Services. With a total fifteen years of industry experience,
working with the three most important companies in the industry, John has built
a reputation among customers and competitors as one of the most respected
printing executives in North America. Active in many associations, he is a
member of both the Magazine Publishers of America Association (MPA), and the
Graphic Communications Association (GCA).
-8-
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
QUEBECOR WORLD INC.
By: /s/ Michael Young
-------------------------------------
Name: Michael Young
Title: Financial Operations and Control
Date: September 25, 2002