New CEO for Quebecor's Videotron cable and wireless unit gets analysts' approval
Quebecor Inc.'s chief financial officer has been appointed to head the company's Videotron business after the departure of its previous CEO.
The appointment of Jean-Francois Pruneau to president and CEO of Videotron, which is mostly active in Quebec, fills a vacancy left by outgoing CEO Manon Brouillette.
Brouillette headed Videotron for five years during a period of rapid growth as it solidified its position as a major regional competitor to Canada's national wireless carriers.
Pierre Karl Peladeau, chief executive of Quebecor as well as its leading shareholder, announced Pruneau's appointment Monday before stock markets opened.
He also announced that Quebecor's new chief financial officer is Hugues Simard, who had been with the company from 1998 to 2017, and that Marc Tremblay has been promoted to Quebecor's chief operating officer.
Analysts said Pruneau was a good pick to lead Videotron, saying he had been very involved with the telecommunications unit while he was chief financial officer.