Jean Bureau has stepped down as president of Malofilm Communications after being named to the post following BHVR Communications’ acquisition of Malofilm in late April.

bhvr principal shareholder and Malofilm vice-chair Richard Szalwinski says Bureau’s primary mandate ‘was to ensure an orderly transition.’ Now that the acquisition phase is concluded, Szalwinski says, ‘we are satisfied with the existing management team.’

Malofilm’s management will be handled by an executive’s office made up of chairman Rene Malo, Szalwinski, senior vp and cfo Stephen Takacsy, vp and Malofilm Distribution president Yves Dion, and vp legal and business affairs Andre Goyer.

In financial news, Malofilm reports net profits for the second quarter were up 59% to $614,973 for the period ending March 31. Revenues rose 47% to $11.6 million, compared to $7.9 million a year ago.