Transcontinental senior management appointment shows continuity

    MONTREAL, Sept. 13 /CNW Telbec/ - The Board of Directors of
Transcontinental today unanimously recommended the appointment of François
Olivier as President and Chief Executive Officer effective February 20, 2008,
the date of the next shareholders' meeting. With Transcontinental since 1993
and current President of the Printing Products and Services sector,
Mr. Olivier now becomes Chief Operating Officer and assumes responsibility for
the Corporation's three sectors of activity. Luc Desjardins will remain
President and Chief Executive Officer until next February to ensure a smooth
transition. Mr. Desjardins joined Transcontinental in 2000 as Chief Operating
Officer and became Chief Executive Officer in 2004.
    "Luc Desjardins very successfully guided Transcontinental through an
important stage of its development," said Rémi Marcoux, Executive Chairman of
the Board. "Since 2000, Transcontinental's revenue and profit growth has been
well above average for the main players in our industry. Earnings per share
rose from $0.63 to $1.58, and were it not for the fast rise in the Canadian
dollar during that period, would have reached $1.97 last year, for annual
compound growth of 17.7%. Our market capitalization rose from $653 million to
$1.8 billion. In the context of the profound transformation in our industry,
this is a remarkable achievement, and on behalf of the Board of Directors and
myself personally, I'd like to congratulate and thank Luc."
    Mr Marcoux continued: "François Olivier has an impressive track record
with Transcontinental. Since 1993 he has risen through the ranks, exceeding
expectations at every stage. He has become particularly known in the past few
years for developing our newspaper outsourcing model in North America, a
segment that holds much promise for the future. François is an entrepreneur
and innovator whose core priorities are growth and performance and who enjoys
great credibility throughout the company. He was appointed CEO following a
rigorous process conducted by the independent members of the Board under the
direction of lead director J.V. Raymond Cyr, with the support of an outside
consulting firm. The depth of our management teams made it possible for us to
identify an internal candidate, who is also a member of my family, who can
provide the crucial guarantees of continuity and stability in the current
economic context."
    Luc Desjardins said that he is proud of everything he has achieved since
2000: "We have the right teams in place at head office and in our
three operating sectors. We have a proven decision-making structure and
processes. And to ensure our medium and long-term growth, we have launched
Evolution 2010, a stimulating business project that has been embraced by all
our employees. With François and our management teams, I am leaving the
company in good hands and in an excellent position for the future. For myself,
at age 55, I expect to be taking on other major managerial challenges. It's
good timing for Transcontinental as well as for me."
    A member of the Corporation's Executive Committee, François Olivier
started as general manager for a Montreal printing plant, then became
responsible for a group of four printing plants in the Montreal and Toronto
area. In November 1999 he was appointed Senior Vice President of the Newspaper
Group in Transcontinental Printing, with responsibility for managing a network
of some 20 printing plants from Halifax to Vancouver. It is to him that
Transcontinental owes its solid partnerships with the dailies La Presse, The
Globe and Mail and The New York Times. In October 2005, Mr. Olivier was
appointed President of the Printing Products and Service sector, which has
5000 employees and reported revenue of $700 million in 2006. His credits
include the turnaround in Transcontinental's Commercial Products Group and
Mexican operations. He was also the driving force behind a 15-year contract
signed in November 2006, worth a billion U.S. dollars, to print the San
Francisco Chronicle and its related products, a major and promising
breakthrough for Transcontinental. He is also responsible for company-wide
growth in organic sales, a key component of Evolution 2010.
    François Olivier is 42 and holds a B.Sc from McGill University. He has
completed the Program for Management Development at the Harvard Business
School. He is married to Isabelle Marcoux and they have two children, Jeanne
and Philippe.


    The largest printer in Canada and sixth-largest in North America,
Transcontinental also ranks as the country's leading publisher of consumer
magazines and French-language educational resources, and its second-largest
community newspaper publisher. Transcontinental distinguishes itself by
creating strategic partnerships that integrate the company into its customers'
value chain, notably through its unique newspaper printing outsourcing model
and its value-added services. From mass to highly personalized marketing, the
company offers its clients integrated solutions which include a
continent-leading direct marketing offering, a diverse digital platform and a
door-to-door advertising material distribution network. Transcontinental is a
company whose values, including respect, innovation and integrity, are central
to its operation.
    Transcontinental (TSX: TCL.A, TCL.B) has more than 14,500 employees in
Canada, the United States and Mexico, and reported revenues of C$2.3 billion
in 2006.

For further information:

For further information: Media: Nessa Prendergast, Director, Media
Relations, Transcontinental inc., (514) 954-2809,; Financial Community: Jennifer F.
McCaughey, Director, Investor Relations, Transcontinental inc., (514)

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