- Telecom’s previous CFO to take over temporarily as the President and CEO.
- Rogers Communications Inc. CEO Joe Natale is being replaced at the Canadian telecom by Tony Staffieri, the firm declared in a statement on Tuesday.
Joe Natale sacked by the Rogers Communication Inc.:
Rogers Communication CEO Joe Natale is being replaced at the Canadian Telecom by Tony Staffieri as the temporary president and CEO, the firm declared on Tuesday.
The firm chairman Edward Rogers appreciated Natale for his “Leaderships and contributions.” Source – cbc.ca
“While Joe is moving on, we have an experienced temporary CEO and leadership team who will continue to concentrate on the business, return to stability, and close our transformational merger with Shaw,” Edward announced in a statement, referring to the firms deal for Shaw Communications. Source – cbc.ca
The move, which was first declared by the Globe and Mail Tuesday night, has marked members of the Rogers family contra each other. It comes as the firm is attempting to complete the $26 billion take over of Shaw Communications Inc.
“Joe is a world-class telecom leader, and as we have always said, we trust he’s the correct person to lead RCI as the CEO,” Melinda explained in a separate statement. Source – cbc.ca
She went on to declare the decision “creates great unreliability for RCI and its employees, consumers, sports fans and shareholders, not to broach the Shaw Transaction.” Source – cbc.ca
“This is simply another example in which Edward has set his desire for an unchecked charge over RCI ahead of basic good governance and responsible corporate stewardship.” Source – cbc.ca
Rogers family at chances over future:
Edward, the child of firm establisher Ted Rogers, was himself ousted as chairman Oct after Natale got wind of a plot contra him and warned the board.
Staffieri, who was the firm’s chief financial official, quit abruptly when the plan broke.