Transcontinental Inc. has installed Pierre Marcoux as the head of the company's magazine publishing division, according to a posting on the Canadian Magazines blog. Marcoux, son of Transcontinental Inc. executive board chair and founder Rémi Marcoux, replaces John Clinton, the former advertising executive who became senior VP and general manager of consumer publications at Transcontinental just over a year ago. Clinton will now head the company's digital division.

The restructuring follows Transcontinental's announcement that it would lay off another 250 workers in the wake of a $144.3 million second quarter loss, but the two stories are unrelated, according to the company's director of communications.