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 transition."
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
transition."
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 visit www.rogers.com.
SOURCE Rogers Communications Inc.