Quebecor has announced that Pierre Karl Péladeau is resuming his role as president and CEO, effective immediately.
Péladeau, 55, was president and CEO of the company established by his father, Pierre, from 1999 to 2013 but stepped down when he decided to run for the Parti Québecois (PQ) leadership in 2014.
“I chose my family,” he said in May of last year.
“I am immediately quitting as Parti Québécois leader, the official opposition, and as the representative of Saint-Jérôme.”
He was replaced by Jean-François Lisée.
Pierre Dion, who has held the position since April 2014, has been appointed chairman of the board of Quebecor Media and a director of Quebecor.
WATCH BELOW: PQ leadership controversy
“I am very pleased to return to the helm of Quebecor,” Péladeau said in press release.
“The corporation is dear to my heart, it is in sound financial health, and has grown steadily in recent years. I’d like to express my gratitude to Pierre Dion for his hard work and exemplary leadership, and to the entire management team.”
“Pierre has been with the company since 2004 and has been a trusted colleague of mine for over 10 years. I’m looking forward to working with him again.”
Former prime minister Brian Mulroney remains Quebecor’s chairman of the board.