Quebecor World Inc.
TSX : IQW

Quebecor World Inc.

October 15, 2008 17:11 ET

Quebecor World Appoints Regis Rehel President Canada Division

MONTREAL, QUEBEC--(Marketwire - Oct. 15, 2008) - Quebecor World Inc. (TSX:IQW) is pleased to announce the appointment of Regis Rehel as President of its Canadian Division. Mr. Rehel is an important member of the Quebecor World's leadership team and will focus on ensuring Quebecor World's Canadian customers continue to be provided with complete full-service solutions to meet all of their marketing, advertising and publishing needs.

Mr. Rehel has extensive experience in sales and operations in both Canada and the United States. He joined Quebecor World in April of this year as Vice-President of Corporate Optimization. During this time he has gained extensive knowledge of the Company and its customer base. Mr. Rehel has made important contributions to enhancing efficiency and customer service by improving many of Quebecor World's systems and processes. From 2000-to-2008 Mr. Rehel held a series of management positions overseeing operations and sales at Cascades Inc., an international paper company. Prior to that, he worked as a consultant specializing in process optimization, executive coaching and employee empowerment. Mr. Rehel holds a MBA from the University of Leicester in England.

In addition to Mr. Rehel's appointment, Quebecor World is also pleased to announce Karl Broderick is rejoining the Company as Senior Vice President of Sales, Canada and Tim Boissinot is assuming the position of Executive Vice President Operations Quebecor World Canada. Mr. Broderick is a senior sales executive with more than 15 years experience providing customers with value-added print solutions across Canada. He most recently worked at Canampac/Boehmer Box and prior to that worked as a senior sales executive at Quebecor World from 1999-to-2006. Mr. Boissinot has been with the Company for 17 years, most recently as EVP, Canada. Prior to this, he held a variety of Regional & General Management positions in various locations in Canada.

"I believe this customer-focused team led by Regis has the right mix of experience, inside and outside our industry, to provide our customers with a complete set of value-added solutions to allow them to achieve their marketing and advertising objectives while also maximizing our operational efficiencies to strengthen our position as a leading player in our industry in the Americas," commented Jacques Mallette, President and CEO Quebecor World Inc. "I would also like to thank Tony Galasso for his service to Quebecor World during the last several years. Tony has made important contributions to the Company as a sales executive and most recently as President of our Canadian operations and I wish him well in his future endeavors."

Quebecor World's Canadian operations provide comprehensive marketing and advertising solutions to retailers and publishers in a coast-to-coast network of 14 facilities producing retail inserts, magazines, catalogs, books, directories, direct mail products as well as complete premedia and logistics services.

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 "Risk Factors" section of the Company's Management's Discussion and Analysis for the year ended December 31, 2007.

The forward-looking statements in this press release reflect the Company's expectations as of October 14, 2008 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.

The Company is currently subject to Court protection under the Companies' Creditors Arrangement Act in Canada ('CCAA'), and various U.S. subsidiaries have filed petitions under Chapter 11 of the U.S. Bankruptcy Code ('Chapter 11').

In light of the CCAA and Chapter 11 Proceedings, it is unlikely that the Company's existing Multiple Voting Shares, Redeemable First Preferred Shares and Subordinate Voting Shares will have any material value following the approval of a final plan of arrangement.

About Quebecor World

Quebecor World Inc. (TSX:IQW) is a world leader in providing high-value, complete marketing and advertising solutions to leading retailers, catalogers, branded-goods companies and other businesses with marketing and advertising activities, as well as complete, full-service print solutions for publishers. The Company is a market leader in most of its major product categories, which include advertising inserts and circulars, catalogs, direct mail products, magazines, books, directories, digital premedia, logistics, mail list technologies and other value-added services. Quebecor World has approximately 24,000 employees working in more than 100 printing and related facilities in the United States, Canada, Argentina, Brazil, Chile, Colombia, India, Mexico, and Peru.

Web address: www.quebecorworld.com

Contact Information

  • Quebecor World Inc.
    Tony Ross
    Vice President, Communications
    514-877-5317
    800-567-7070
    or
    Quebecor World Inc.
    Roland Ribotti
    Vice President, Corporate Finance and Treasurer
    514-877-5143
    800-567-7070