Rogers Communications stated that the company is looking for a permanent CEO after President and CEO Joe Natale left.
- Interim CEO Tony Staffieri is one of the names rumored to become Rogers Communications’ next CEO.
- Mother and sisters of Edward Rogers oppose the decision to remove Joe Natale as the CEO.
- The integration with Shaw Communications will continue to move ahead in a positive space: Edwards Rogers.
Joe Natale has left as president and CEO, says Rogers Communications Inc.
The corporation stated in a launch late Tuesday that he has been changed via way of means of Tony Staffieri withinside the interim because it searches for a permanent CEO to power its future boom such as the integration with Shaw Communications.
It stated that Staffieri may be a candidate for the position.
Edward Rogers, chairman of Rogers Communications, stated Staffieri has over thirty years of telecom, financial, media, and sports activities experience, such as over 9 years because the Chief Financial Officer of Rogers.
Before becoming a member of Rogers, he held senior positions at Bell Canada Enterprises, Celestica International, and PricewaterhouseCoopers.
The corporation stated the Shaw transaction maintains to move ahead and on Monday the Rogers and Shaw teams, which includes Edward Rogers, will attend the CRTC public hearing.
In a statement, Edward Rogers’ mom and 2 sisters, who also are board individuals, stated they’re very upset that Edward has pushed the termination of Joe Natale as RCI’s CEO.
The son of the corporation’s founder used his authority as head of the own circle of relatives trust — which holds 97. five percentage of vote casting shares — to update numerous board individuals together along with his hand-picked administrators after he changed into ousted as chair.
His new board then re-elected him back to the top of the company.
Edward Rogers’ mom and 2 sisters opposed the moves, pronouncing they went in opposition to the corporation’s governance practices.
He took the case to the Supreme Court in B.C., wherein the corporation is incorporated.
Justice Shelley Fitzpatrick affirmed Edward Rogers’ authority to make adjustments to the board without keeping a shareholder meeting.
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