Rogers: Natale leaves, Staffieri named interim CEO

TORONTO –

Rogers Communications Inc. says Joe Natale has left as president and CEO.

The company said in a release late Tuesday that he has been replaced by Tony Staffieri in the meantime as it looks for a steady CEO to drive its future growth including the integration with Shaw Communications.

It said Saffieri will be a candidate for the post.

Edward Rogers, president of Rogers Communications, said Staffieri has more than thirty years of telecommunications, financial, media and sports experience, including more than nine years as Rogers ’Chief Financial Officer.

Prior to joining de Rogers, he held senior positions at Bell Canada Enterprises, Celestica International and PricewaterhouseCoopers.

The company said the Shaw transaction continues to move forward and on Monday Rogers and Shaw’s teams, including Edward Rogers, will attend the CRTC’s public hearing.

“Tony is among the most highly regarded and experienced telecommunications executives in the industry and has been a key part of the Shaw deal,” Edward Rogers said in the release.

“His incredible work ethic, record results, focus on long-term strategic growth, driving an excellent experience for our customers and employees, and strong functional execution will serve us well.”

In a statement, Edward Rogers’ mother and two sisters, who are also board members, said they were very disappointed that “Edward led to the resignation of Joe Natale as CEO of RCI.”

“Joe is a world-class telecommunications leader, and as we’ve always said, we believe he’s the right person to lead RCI as CEO,” said Loretta Rogers, Melinda Rogers-Hixon and Martha Rogers.

“The three of us voted against this misleading decision, which creates great uncertainty for RCI and its employees, customers, sports fans and shareholders, not to mention Shaw’s transaction.”

Earlier this month, Rogers Communications said it would not appeal against a British Columbia Supreme Court that upheld Edward Rogers ’rebuilt board of directors.

The son of the company’s founder used his authority as head of the family trust – which holds 97.5 per cent of voting shares – to replace several board members with his own hand-picked directors after he was removed as chairman.

His new board then re-elected him to his helm.

Edward Rogers’ mother and two sisters opposed the moves, saying they went against the company’s management practices.

He took the case to the Supreme Court in BC, where the company is incorporated.

Judge Shelley Fitzpatrick claimed Edward Rogers ‘authority to make changes to the board without holding a shareholders’ meeting.

This report from The Canadian Press was first published on November 16, 2021

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