The Board of Directors of Transcontinental Inc. 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. François Olivier’ journey as President and Chief Executive Officer of Transcontinental began with the optimization of the printing platform and cost reduction initiatives, at a time when the Company was making major investments in its newspaper and flyer printing platform. François subsequently played a central role in the consolidation of the Canadian market with strategic acquisitions, such as Quad/Graphics Canada. He also continued to optimize the printing platform to solidify Transcontinental’s position as the largest printer in Canada. Mr. Brues has extensive experience in managing international manufacturing operations, as well as in mergers and acquisitions.