An Annual Meeting of Shareholders Focused on Growth and Pride

Transcontinental’s annual meeting of shareholders was held on Wednesday, February 20 at the Omni Mont-Royal Hotel in Montreal. Close to 400 people attended the event, which was focused on Transcontinental’s growth, but which also marked the transfer of the duties of president and chief executive officer from Luc Desjardins to François Olivier. 

When Mr. Desjardins finished his final speech to the assembly, every one rose and gave him a standing ovation. Rémi Marcoux thanked Mr. Desjardins for everything he had achieved in his eight years with the company and restated his confidence in Transcontinental’s future under the leadership of François Olivier.

To see the webcast of the annual shareholder’s meeting, click here.

Lino A. Saputo, Jr., elected to Transcontinental’s Board of Directors in the afternoon, with Luc Desjardins.

Rémi Marcoux shared with the annual shareholders’ meeting his conviction that Transcontinental has the strategy, solid financial base and leadership to keep growing and being a winner in the printing and media industries.

Members of the Board of Directors of Transcontinental inc. : Harold “Sonny” Gordon, c.r., Monique Lefebvre, Pierre Marcoux and André Tremblay.

Rémi Marcoux at the mike, with Luc Desjardins, François Olivier and Benoit Huard.

An overview of the guests at this 24th annual meeting of Transcontinental shareholders at the Omni Hotel in Montreal.

Wednesday, February 20, 2008 will always be a very special date for these two executives. Luc Desjardins leaves his job as president and CEO of Transcontinental, while François Olivier takes over the running of the company, as announced in September 2007.

Rémi Marcoux

Luc Desjardins had smile that spoke volumes about his feeling of accomplishment and his pride at having led Transcontinental “for eight fine years,” as he himself said during his good-bye speech.

Rémi Marcoux congratulates Luc Desjardins.

A special moment shared with the assembly! We see Rémi Marcoux and François Olivier congratulating Luc Desjardins, who is receiving a standing ovation from the guests.

François Olivier gives his first speech as president and chief executive officer of Transcontinental.

Front, from left to right: Guy Manuel, president of the Marketing Products and Services sector, Transcontinental Printing; Natalie Larivière, president of Transcontinental Media, and Claude Dubois, co-founder of Transcontinental.

François Olivier reviewed the main accomplishments of 2007 which he considers promising for the company’s future growth.

All of the Transcontinental’s senior executives, from left to right: Benoît Huard, vice president and chief financial officer, Christine Desaulniers, vice president, legal affairs and secretary of the Corporation, Rémi Marcoux, founder and executive chairman of the board, Luc Desjardins, and François Olivier, president and chief executive officer.

Benoît Huard stressed the fact that Transcontinental’s disciplined financial management and ability to generate cash flow from operations are what makes it possible for Transcontinental to continue to grow.

François Olivier and Luc Desjardins.