CEO Resigns at Quebcor with Liquidity Problems Pressing Printing company Quebcor World’s problems continue to grow. CEO Wes Lucas announced his resignation yesterday as the company is “facing growing concerns about its financial liquidity,” according to Reuters. A deal to sell their European business fell through, as did a refinancing attempt last month. The stock has fallen over 90 percent this year, and “observers have raised questions about the company’s ability to remain solvent and, with its share price plunging, speculation emerged that it could be sold in its entirety.” In the meantime, CFO Jacques Mallette takes over as president […]
