Rogers President and CEO to retire in January 2014
TORONTO, Feb. 14, 2013 /CNW/ – Rogers Communications announced today
that the company’s President and Chief Executive Officer, Nadir
Mohamed, has decided to retire in January 2014. Mr. Mohamed has agreed
to work with the board to ensure a seamless and orderly transition and
to continue to lead the company in 2013.
“Nadir is a highly regarded executive who has delivered strong results
and substantial value for more than a decade,” said Alan Horn, Chairman
of the Board, Rogers Communications Inc. “Thanks to his disciplined and
strategic management approach we’ve strengthened our core business,
solidified our financial position and set Rogers up for long-term
success. The board is grateful for his significant contributions and
looks forward to working with him to ensure a seamless and orderly
Rogers Board of Directors will appoint a search committee and select a
search firm to begin an international search. Edward Rogers will not
put his name forward as a candidate and neither will Melinda Rogers and
they will both be involved in the search process. Mr. Mohamed will also
be engaged in the selection process.
Mr. Mohamed began his communications career more than 30 years ago and
joined Rogers in August 2000. He was President and CEO of Rogers
Wireless from 2001 to 2005 and was appointed President and COO of
Rogers Communications Group in 2005. Mr. Mohamed was appointed
President and Chief Executive Officer in March 2009 succeeding the late
company founder Ted Rogers.
“It’s truly a privilege to work with the Rogers family, the board, the
leadership team and our employees to deliver for customers and
shareholders and to set the foundation for the future,” said Nadir
Mohamed, President and Chief Executive Officer. “The Company has a
seasoned executive team, the best asset mix in North America, the most
advanced networks and the best platform to lead and drive the next wave
of growth. The company’s in great shape and it’s time to start the
transition to the next generation of leadership. Over the next year I
look forward to delivering strong results and to ensuring a seamless
Since Mohamed became CEO in March 2009 the company has delivered a total
shareholder return of 81%. During his tenure the company became the
largest wireless carrier in Canada; consistently delivered best in
class Wireless and Cable margins; significantly strengthened the
balance sheet; consistently delivered first-to-market solutions; and
set the foundation for future growth.
“Nadir skillfully led the company during an extraordinary time of change
in our history and the history of our industry,” said Edward Rogers,
Deputy Chairman and Chair of the Rogers Control Trust. “On behalf of
the company I thank Nadir for his ongoing leadership and for
strengthening the company both operationally and financially.”
About the Company:
Rogers Communications is a diversified Canadian communications and media
company. We are engaged in wireless voice and data communications
services through Wireless, Canada’s largest wireless provider. Through
Cable, we are one of Canada’s leading providers of cable television
services as well as high-speed Internet access and telephony services.
Through Media, we are engaged in radio and television broadcasting,
televised shopping, magazines and trade publications, and sports
entertainment. We are publicly traded on the Toronto Stock Exchange
(TSX: RCI.A and RCI.B) and on the New York Stock Exchange (NYSE: RCI).
For further information about the Rogers group of companies, please
SOURCE: Rogers Communications Inc.