Shaw Communications Announces CFO Transition as Part of Total Business Transformation
February 15 2018 - 8:46AM
Shaw Communications Inc. (TSX:SJR.B) (TSX:SJR.PR.A)
(TSX:SJR.PR.B) (NYSE:SJR) (TSXV:SJR.A) today announced that
current Chief Financial Officer Vito Culmone will be leaving the
organization effective May 4, 2018, and that Trevor English will be
assuming the role of Executive Vice President, Chief Financial
& Corporate Development Officer. This move is part of the
company’s previously announced Total Business Transformation
initiative and consolidates a number of functions under Mr.
English’s leadership. Mr. English will continue to report to Brad
Shaw, Chief Executive Officer, Shaw.
“It has been an absolute privilege working
alongside Brad, the Shaw family and the Shaw leadership team over
the last three years,” Mr. Culmone said. “We have made bold
decisions to reposition Shaw for growth and recognized that, in
parallel with this transformation, Shaw will require a leaner, more
integrated and agile workforce all in service of executing more
quickly, operating more effectively and providing greater value for
Canadians. I congratulate Trevor on his appointment and have
no doubt that both he and Shaw will be successful.”
“Vito served with distinction and led a talented
Finance team,” Mr. Shaw said. “He made a significant contribution
to our business performance and under his stewardship we have
transformed our financial management approach, including business
partnerships, planning and resource allocation. It is always
difficult to see someone of this quality move on. We thank him for
his service, leadership and friendship.”
Mr. English was previously Executive Vice
President, Chief Strategy and Business Development Officer for
Shaw, and has 20 years of experience in corporate finance, mergers
and acquisitions, investor relations, capital markets, business
development and financial analysis. In his 14 years at Shaw he has
held a number of positions of increasing responsibility within the
Finance organization and played a key leadership role with respect
to Shaw’s significant corporate development activities, including
the acquisition of CanWest (2010), ViaWest (2014), Wind Mobile
(2016) and Quebecor spectrum (2017); and the disposition of Shaw
Media (2016) and ViaWest (2017). Prior to joining Shaw, Mr.
English held various positions in the investment banking industry
in both Canada and England.
“Trevor has been an integral part of Shaw’s
senior leadership team for a number of years having most recently
led the repositioning of Shaw as a leading enhanced connectivity
provider through the execution of a series of highly strategic and
transformational transactions,” Mr. Shaw said. “We are
excited to have his energy and depth of experience as we continue
our journey to become Canada’s leading connectivity Company.”
“I am grateful to Brad, the entire Shaw family,
and our Board of Directors, for the opportunity to take on an
expanded leadership role within the company and lead our Finance
organization,” said Mr. English. “I look forward to
collaborating with my colleagues throughout the organization as we
focus on execution of our strategic initiatives.”
Shaw previously announced a multi-year and
enterprise-wide Total Business Transformation initiative, designed
to reinvent its operating model to better meet the changing tastes
and expectations of consumers and businesses. The program is
intended to make Shaw a leaner, more integrated and agile company
that can execute quicker, function more efficiently, and connect
Canadians to the world around them better than ever before.
About Shaw
Shaw Communications Inc. is a leading Canadian
connectivity company. The Wireline division consists of Consumer
and Business services. Consumer serves residential customers with
broadband Internet, Shaw Go WiFi, video and digital phone. Business
provides business customers with Internet, data, WiFi, digital
phone, and video services. The Wireless division provides wireless
voice and data services through an expanding and improving mobile
wireless network infrastructure.
Shaw is traded on the Toronto and New York stock
exchanges and is included in the S&P/TSX 60 Index (Symbol: TSX
- SJR.B, SJR.PR.A, SJR.PR.B, NYSE – SJR, and TSXV – SJR.A). For
more information, please visit www.shaw.ca.
For investor inquiries, please
contact:
Shaw Communications Inc.
Investor Relations
investor.relations@sjrb.ca
www.shaw.ca
For media inquiries, please
contact:Shaw Communications Inc.Chethan Lakshman, VP
External Affairs(403) 930-8488chethan.lakshman@sjrb.ca
Caution Regarding Forward-Looking
Statements
Statements included in this news release that
are not historic constitute forward looking statements within the
meaning of applicable securities laws. Such statements include, but
are not limited to: statements related to Shaw’s Total Business
Transformation initiative. These statements are based on
assumptions made by Shaw that it believes are appropriate and
reasonable in the circumstances, including without limitation,
there is no significant market disruption or other significant
changes in economic condition, competition or regulation; that
Shaw’s Total Business Transformation initiative will result in a
leaner, more integrated and agile company improving efficiencies
and execution to better meet its consumers needs and expectations
(including the products and services offered to its customers).
There is the risk that one or more of these assumptions will not
prove to be accurate. Undue reliance should not be placed on any
forward-looking statement. Except as required by law, Shaw
disclaims any obligation to update any forward-looking
statement.
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