Quebecor appoints Desbiens

Quebecor World has acted to improve performance outside North America by appointing Michel Desbiens to the newly created position of chief executive international operations.

The former president and chief executive of newsprint manufacturer Donohue will oversee the development of all Quebecor Worlds operations in Europe and Latin America.

Quebecor Worlds third-quarter revenues dipped by just under 1% compared to the same period last year to 1.04bn ($1.62bn). Net income rose 39% to 63.2m, although last years figure included a write-down of goodwill of 10.3m.

The group has nearly completed the restructuring programme it announced last year, which included the closure of seven plants and a 6% reduction in staff.