MONTREAL—  Transcontinental  chief executive Francois Olivier will be retiring in December after 28 years with the company, serving  13 years as CEO.  Peter Brues, a member of its board of directors  and chair of the audit committee , will become CEO. Olivier has transformed  Transcontinental from a commercial printer into into a flexible packaging company. After joining the Printing Sector of Transcontinental in 1993, he rose through the ranks, going from General Manager of one to several printing plants, to Senior Vice President of the Newspaper Group. He later took on the role of President of the Information Products Printing Sector, and was then named Chief Operating Officer of the Corporation in 2007. He consolidated the Canadian market with strategic acquisitions of Quad/Graphics Canada. Transcontinental in  2018 completed the transformational acquisition of flexible packaging printer  Coveris Americas valued at US$1.3 billion. Transcontinental is  listed as the largest printing and packaging company in Canada accruing to Graphic Monthly.