There is some surprising news from Rogers this morning. Rogers Communications today announced that Nadir Mohamed, the company’s President and CEO, will retire in January 2014. Mohamed will continue to lead the company until then and will work with the board on transition activities.
“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 will appoint a search committee and search firm to begin looking for a successor. Neither Edward Rogers, Deputy Chairman and Chair of the Rogers Control Trust, or Melinda Rogers, Senior Vice President, Strategy and Development, will seek the position. Both, along with Mohamed, will participate in the selection process.
No reason was given for Mohamed’s decision to retire.
Mohamed took on his current role in March 2009, succeeding the late company founder Ted Rogers. He has been with Rogers since 2000.
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