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1 item from 2013

Global Showbiz Briefs: Rogers Seeks CEO, Senator-Silver Reel Deal, Europa Prize

15 February 2013 10:25 PM, PST | Deadline TV | See recent Deadline TV news »

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. A global CEO search also provides the opportunity to look for someone with a fresh approach, he said. Separately, Rogers reported 4th-quarter profit that beat analysts’ estimates. Shares today rose 4.1% to C$47.32 at the close in Toronto, the biggest gain since July. Rogers shares have climbed 25% in the past year. »


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