Robert Dépatie has announced he has retired as CEO and president of Quebecor Media for health reasons. He will be replaced by Pierre Dion effective immediately.

Dépatie will help oversee the transition until May 30. He stepped in for Pierre Karl Péladeau, who left as president and CEO in March 2013.

Pierre Dion will be Quebecor's third CEO in just over a year. But he was also part of Péladeau's inner circle.

Robert Dépatie has announced he has retired as CEO and president of Quebecor Media for health reasons. He will be replaced by Pierre Dion effective immediately.

Dépatie will help oversee the transition until May 30. He stepped in for Pierre Karl Péladeau, who left as president and CEO in March 2013.

Pierre Dion will be Quebecor's third CEO in just over a year. But he was also part of Péladeau's inner circle.

— Steve Faguy (@fagstein) April 28, 2014

According to the press release, Dion has been a member of Quebecor Media’s executive committee since 2004.

“It is with deep regret that I announce my retirement after 13 wonderful years with Videotron and Quebecor,” Dépatie said in the press release. “I am very proud to have worked at one of the flagships of Québec Inc. and I thank all the management teams and all the employees I had the pleasure of working with.”

Dépatie said Quebecor will have an “exceptional manager” in Dion.

“I am very familiar with Quebecor’s business plan, the issues we face and the challenges and opportunities in each of our lines of business,” Dion said in the press release. “It will be a privilege to lead such a seasoned and experienced team. I wish Robert a happy retirement with his wife Christiane, his daughter Kim and his beloved granddaughter Mila.”

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