Rogers Communications Looking For New CEO
Canadian cable-TV-wireless-broadband provider Rogers Communications CEO Nadir Mohamed plans to retire next January. The board will appoint a search firm and begin looking internationally for a replacement, the Toronto-based company announced. Neither Ed Rogers nor Melinda Rogers, children of founder Ted Rogers, will put their names forward for the top job. Rogers is controlled by a family trust through a dual-class stock structure. While Mohamed’s decision was unexpected, the fact the Rogers children aren’t in the running signals the move wasn’t forced on him, said Maher Yaghi, an analyst at Desjardins Securities in Montreal. READ MORE »