The commercial printing industry will grow in 2021. Growth will begin during the second quarter, and accelerate through year end. No company, however, should count on the upturn or the shakeout of weak competitors to make everything right. Much will be different in the post-COVID world. And much of the gains ahead will be reserved for companies already thinking about those differences, and how to make them opportunities rather than threats. Those conclusions are based on the COVID-19 Print Business Indicators Survey, conducted every other month by PRINTING United Alliance and NAPCO Research. Nearly 200 commercial printers participate. The diverse group has annual sales ranging from less than $1 million to more than $700 million, and is located across the U.S. and Canada. We measure percent change in sales in two ways. Year-over-year is the first to capture the depth and breadth of the downturn. Among all companies surveyed, sales fell 16.9%, on average, during the first three quarters of 2020 compared with year earlier levels, declining for 81.9% — by at least 20% for more than half and at least 30% for nearly one-third — and increasing for just 17%. One participant speaks for many when he describes what’s happened this year as a “seismic downturn.”
The Board of Directors of Transcontinental Inc. (TSX: TCL.A TCL.B) (“Transcontinental” or the “Company”) announces that François Olivier will retire from the Company. He will be leaving his functions on December 9, 2021, after 28 years with the Company, including 13 years as President and Chief Executive Officer. Peter Brues, a member of Transcontinental’s Board of Directors since 2018 and Chair of the Audit Committee, will succeed him as President and Chief Executive Officer. Mr. Brues will join the organization as of November 1st and will work with François Olivier during a transition period. He will officially assume his duties on December 10th. Mr. Brues’s appointment is the culmination of a rigorous succession planning process led by the Company’s Human Resources and Compensation Committee.
“The Board of Directors wishes to acknowledge the exceptional contribution of François Olivier to Transcontinental and to highlight his remarkable career that featured many strategic and significant achievements for Transcontinental,” said Isabelle Marcoux, Chair of the Board of Directors. “His innovative vision, decisive leadership and business skills have helped propel Transcontinental to its position as a leading flexible packaging company in North America and the largest printer in Canada. We sincerely thank François for his invaluable contribution to the growth, diversification and transformation of Transcontinental over the years.”
“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,” said François Olivier. “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.”
“The Board of Directors is also pleased to welcome Peter Brues as President and CEO,” said Isabelle Marcoux. “A member of Transcontinental’s Board of Directors since 2018, he is already fully committed to Transcontinental’s vision and has in-depth knowledge of all our sectors of activity. His extensive business experience, his expertise in manufacturing, particularly in the packaging sector, and his human leadership are tremendous assets that will permit him to strategically and profitably exploit Transcontinental’s most promising market opportunities, continue to foster its responsible growth and shape its future prospects.”
“I am pleased to be more deeply involved in an organization that is growing fast worldwide and enjoys an excellent reputation,” said Peter Brues. “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.”
more at: https://tctranscontinental.com/en-us/company-overview/news-room/press-releases/changes-to-transcontinentals-senior-management