Quebecor World Inc.
NYSE : IQW
TSX : IQW

Quebecor World Inc.

January 18, 2007 09:50 ET

Quebecor World Announces Doron Grosman Appointed President U.S. Magazine Division

MONTREAL, CANADA--(CCNMatthews - Jan. 18, 2007) - Mr. Wes Lucas, President and Chief Executive Officer of Quebecor World Inc. (TSX:IQW)(NYSE:IQW) is pleased to announce the appointment of Mr. Doron D. Grosman as President of the U.S. Magazine Group. Mr. Grosman will assume his new position immediately and will be based in the Company's New York offices.

"Doron is an outstanding leader, and I am very pleased that Doron will lead the U.S. Magazine Division, as he has the ideal capabilities and experiences to ensure that we create the highest value for our customers, our people, and our shareholders," stated Mr. Lucas. "Doron has an exceptional track record and leadership capability to bring to Quebecor World, with an extensive background in sales and operations, and he has proven that he can deliver the highest value to the customer, build superior execution capabilities in operations, create high performing teams, and deliver results to the shareholder," added Mr. Lucas.

Quebecor World recently completed the retooling of its U.S. magazine division, installing 10 new 64 and 96-page presses at seven facilities, and restructuring the entire U.S. Magazine network. With the completion of this retooling, the U.S. Magazine Division will start a new era, as this world-class, customer-focused platform is now better positioned than ever to deliver to customers the highest value, best quality product, and with the leading on-time performance in the industry. "This is evolutionary, and is an ideal time for Chuck Miotke to take on a global manufacturing role and leverage his operational expertise across the company, and for a new leader to leverage this world class new operating platform for the benefit of our customers and our shareholders," stated Mr. Lucas. Mr. Miotke's appointment to lead Quebecor World's global manufacturing is described in a separate announcement. "I am confident that Doron and his team will ensure Quebecor World continues to provide our customers with new and innovative print marketing solutions to generate the greatest customer value," added Mr. Lucas. Mr. Miotke and Mr. Grosman have designed a smooth transition and integration for customers, for the retooled plants, and the business, and Mr. Miotke will continue to support the magazine operations and plants in the future in depth.

Mr. Grosman is a seasoned operating executive who most recently held senior operating positions at Trane Air Conditioning, a subsidiary of American Standard Companies Inc. Before joining Trane, Mr. Grosman held several senior executive positions at General Electric where he was involved in running operations, sales, marketing and business development. Mr. Grosman began his career with Bain and Company, one of the world's leading management consulting firms. Mr. Grosman developed multi-generation product plans, marketing strategies and product support plans for a wide range of clients.

Mr. Grosman holds a B.S. and an M.S. in Civil Engineering from the University of Witwatersrand in Johannesburg, South Africa and an MBA from the Harvard Business School.

Chuck Miotke who has led the U.S. Magazine group for the last three years and has worked with Quebecor World and in the printing industry for more than 30 years will be taking on new responsibilities within the organization. Mr. Miotke's new role and responsibilities are outlined in a separate announcement.

Forward looking statements

This press release may include "forward-looking statements" that involve risks and uncertainties. All statements other than statements of historical facts included in this press release, including statements regarding the prospects of the industry and prospects, plans, financial position and business strategy of Quebecor World Inc. (the "Company"), may constitute forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Canadian securities legislation and regulations. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "will," "expect," "intend," "estimate," "anticipate," "plan," "foresee," "believe" or "continue" or the negatives of these terms or variations of them or similar terminology. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. Forward-looking statements do not take into account the effect that transactions or non-recurring or other special items announced or occurring after the statements are made have on the Company's business. For example, they do not include the effect of dispositions, acquisitions, other business transactions, asset writedowns or other charges announced or occurring after forward-looking statements are made.

Investors and others are cautioned that undue reliance should not be placed on any forward-looking statements. For more information on the risks, uncertainties and assumptions that could cause the Company's actual results to differ from current expectations, please refer to the Company's public filings available at www.sedar.com, www.sec.gov and www.quebecorworld.com. In particular, further details and descriptions of these and other factors are disclosed in the "Risks and Uncertainties" section of the Company's Management's Discussion and Analysis for the year ended December 31, 2005, and the "Risk Factors" section of the Company's Annual Information Form for the year ended December 31, 2005.

The forward-looking statements in this press release reflect the Company's expectations as of January 18, 2007 and are subject to change after this date. The Company expressly disclaims any obligation or intention to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by the applicable securities laws.

Quebecor World

Quebecor World Inc. (TSX:IQW)(NYSE:IQW) is a world leader in providing high-value, complete print solutions to leading publishers, retailers, catalogers and other businesses with marketing and advertising activities. It is a market leader in most of its major product categories which include magazines, inserts and circulars, books, catalogs, direct mail, directories, digital pre-media, logistics, mail list technologies and other value added services. Quebecor World has approximately 29,000 employees working in more than 120 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 United Kingdom.

Web address: www.quebecorworld.com

Contact Information

  • Quebecor World Inc.
    Tony Ross
    Director, Communications
    514-877-5317
    800-567-7070
    or
    Quebecor World Inc.
    Roland Ribotti
    Senior Director, Investor Relations and Assistant-Treasurer
    514-877-5143
    800-567-7070