Pierre Karl Péladeau OQ (French pronunciation: [pjɛʁ kaʁl pelado]; born 16 October 1961), also known by his initials PKP, is a Canadian businessman, billionaire and former politician.
[8] Péladeau sits on the boards of several Quebecor companies[7] and is active in many charitable and cultural organizations.
He played a leading role in the acquisition of Maxwell Graphics which gave the company a significant presence in the U.S.
[citation needed] He also was involved in the acquisition of Donohue Inc., one of North America's most efficient pulp and paper companies.
In 1998, Péladeau spearheaded the acquisition of Sun Media Corporation, making Quebecor the second largest newspaper chain in Canada.
It is engaged in newspaper publishing (Journal de Montréal, Journal de Québec, 24heures), cable television, Internet access provider and local telephony (Vidéotron ltée), broadcasting (Groupe TVA), Web technology and integration, Internet portals (QUB), book and magazine publishing (TVA Publications Inc.), retailing of books and entertainment products (Québecor Sports et divertissement, Musicor, GESTEV) and business telecommunications (Vidéotron ltée).
[8] He allegedly resents the failure of the Royal Bank of Canada and the English Canadian business establishment to refinance Quebecor World's debt.
[10] On 15 May 2013, Péladeau was appointed by Pauline Marois to be chairman of the board of directors of Hydro-Québec,[7][8] which is the largest hydroelectric producer and distributor in Canada.
[7] Péladeau returned as Quebecor's CEO and President on 16 February 2017, with Brian Mulroney remaining as chairman.
[11] On 9 March 2014, Péladeau announced his candidacy for that year's election as a star candidate for the Parti Québécois in the riding of Saint-Jérôme, which is contiguous with the Montreal exurb of the same name just north-east of Mirabel Airport.
[12] The federal government chose in early March not to comment on Péladeau's decision to embrace the PQ and Quebec sovereignty.
Indeed, according to The Globe and Mail, the PQ's poll numbers flatlined soon after Péladeau announced his candidacy and never recovered.
Péladeau's wealth and status as principal shareholder of Québecor, the province's largest media firm, were leading issues during the campaign.
[19] Péladeau has a daughter, Marie (born 2000), from his previous relationship with Isabelle Hervet, a native of France.