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Transcontinental - President and CEO, François Olivier.
President and CEO, François Olivier.
Source: Benedicte Brocard.
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  • Transcontinental (TCL.A) CEO François Olivier will retire on December 9, 2021, after 28 years with the company
  • He guided the company’s printing division into becoming the largest in Canada
  • He also diversified the company into flexible packaging with the US$1.3 billion acquisition of Coveris Americas
  • Peter Brues, a member of Transcontinental’s Board of Directors since 2018, will succeed Olivier as President and CEO
  • Transcontinental is Canada’s largest printer and a leader in flexible packaging in North America
  • Transcontinental (TCL.A) is up by 1.6 per cent and is currently trading at $20.95 per share

Transcontinental (TCL.A) CEO François Olivier will retire on December 9, 2021, after 28 years with the company.

Olivier has spent 13 of those years as President and CEO.

He played a major role in building Transcontinental’s printing division into the largest in the country.

He spearheaded the US$1.3 billion acquisition of Coveris Americas, helping Transcontinental become a North American leader in flexible packaging.

He also repositioned TC Media as the largest publisher of French-language educational resources in Canada.

“After 28 years with Transcontinental, I am departing with confidence and pride, leaving behind a solid, successful and responsible company that is well-positioned to pursue its evolution and strategic vision,” Olivier said.

He added,

“I am particularly grateful to the employees who, through their exceptional commitment and hard work, contribute to Transcontinental’s success each and every day. It has been a privilege to serve as President and I would like to extend my warmest thanks to the Board of Directors, customers, shareholders and the Marcoux family for their confidence over the years.”

Peter Brues, a member of Transcontinental’s Board of Directors since 2018 and Chair of the Audit Committee, will succeed Olivier as President and CEO.

Brues, a CPA, has extensive experience managing international manufacturing operations, as well as in mergers and acquisitions, and is recognized for his ability to drive performance and maximize results from a global network of operations.

From 2010 to 2015, he served as President of Amcor Flexibles Europe & Americas, where he was responsible for 72 plants in 20 countries. Prior to that, he served as President of Amcor Flexibles Americas and President of Amcor Flexibles Healthcare.

“I am pleased to be more deeply involved in an organization that is growing fast worldwide and enjoys an excellent reputation,” Brues said. “I would like to thank the Board of Directors for their confidence in me and look forward to working with the management team to ensure Transcontinental’s continued success and the creation of sustainable shareholder value.”

Transcontinental is Canada’s largest printer and a leader in flexible packaging in North America.

Transcontinental (TCL.A) is up by 1.6 per cent and is currently trading at $20.95 per share as of 9:33 am ET.

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