Rogers chairman seeks to replace five members of the board, sources say

Rogers chairman seeks to replace five members of the board, sources say

The transfer raises the stakes within the household feud at considered one of Canada’s greatest telecom firms

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Rogers Communications Inc. Chairman Edward Rogers is making an attempt to switch 5 board members with a slate of his personal administrators, escalating the battle for management at Canada’s largest wi-fi and cable agency. 

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The son of firm founder Ted Rogers is looking for to switch present administrators David Peterson, Bonnie Brooks, John MacDonald, Ellis Jacob and John Clappison with 5 of his personal selections, in line with individuals conversant in the matter, asking to not be recognized as a result of the matter is non-public. 

The transfer raises the stakes within the household feud at Toronto-based Rogers. It began final month when Edward Rogers tried to oust Chief Govt Officer Joe Natale. The trouble was defeated by a majority of the board — together with his sisters and his mom, Loretta Rogers. 

  1. Boardroom turmoil comes as Rogers Communications is trying to finance and win regulatory approval for a landmark deal, the US$16 billion takeover of Shaw Communications Inc., western Canada's dominant cable provider. 

    Rogers creates committee to set rules for how chairman can interact with executives

  2. Rogers' chief executive Joe Natale.

    Rogers CEO Joe Natale says he has ‘unequivocal support from the board’

  3. Any attempt by Edward Rogers to oust current directors in favour of new ones is likely to run into resistance from other family members, reports Bloomberg.

    Rogers chairman spars with family ahead of pivotal board meeting

Since then, the board has sought to constrain the chairman’s energy, making a committee to set the foundations by which he can work together with Natale and different senior executives. That committee consists of three individuals — MacDonald, Clappison and his sister Melinda Rogers-Hixon, who has backed the CEO. 

Edward Rogers’ nominees for the board embrace Toronto actual property government Michael Cooper, Jack Cockwell, Jan Innes, Ivan Fecan, and Jake Kerr, the individuals stated. 

A consultant for Rogers Communications couldn’t be instantly reached for remark. 

Bloomberg.com

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