Edward Rogers has been removed as chairman of the board at Rogers Communications Inc., following recent boardroom drama that prompted the departure of a senior executive and the launch of an executive oversight committee.
Posted Oct 22, 2021, 06:11AM EDT
Edward Rogers has been removed as chairman of the board at Rogers Communications Inc., following recent boardroom drama that prompted the departure of a senior executive and the launch of an executive oversight committee.
John MacDonald has assumed the role of Chairman while Rogers, who has served on the board since 2012, will remain on the board as a company director.
MacDonald has been a member of the Rogers Board of Directors since 2012 and holds the role of Lead Director and Chair of the Corporate Governance Committee.
“This has been a challenging time for the Corporation and I want to reaffirm on behalf of the majority of the Board our support for and total confidence in the management team and CEO of Rogers Communications,” said MacDonald.
The move comes in the wake of reports Rogers attempted to have president and chief executive Joe Natale ousted. The attempt was blocked by other members of the board, including Rogers’ sisters and mother, multiple reports say.
The executive power struggle came after Edward Rogers tried to put former chief financial officer Tony Staffieri into the role of CEO and replace other members of the leadership team, according to media reports. Staffieri left the company effective Sept. 29, with Paulina Molnar named interim CFO.
On Thursday, the board announced it has formed an executive oversight committee “to establish clear protocols for interactions between the chair and members of management” and said it would undertake a comprehensive corporate governance review.
Rogers Communications is the parent company of this website.
