Feb. 14, 2013
/PRNewswire/ - Rogers Communications announced today that the company's President and Chief Executive Officer,
, has decided to retire in
. Mr. Mohamed has agreed to work with the board to ensure a seamless and orderly transition and to continue to lead the company in 2013.
"Nadir is a highly regarded executive who has delivered strong results and substantial value for more than a decade," said
, 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 Board of Directors will appoint a search committee and select a search firm to begin an international search.
will not put his name forward as a candidate and neither will
and they will both be involved in the search process. Mr. Mohamed will also be engaged in the selection process.
Mr. Mohamed began his communications career more than 30 years ago and joined Rogers in
. He was President and CEO of Rogers Wireless from 2001 to 2005 and was appointed President and COO of Rogers Communications Group in 2005. Mr. Mohamed was appointed President and Chief Executive Officer in
succeeding the late company founder
"It's truly a privilege to work with the Rogers family, the board, the leadership team and our employees to deliver for customers and shareholders and to set the foundation for the future," said
, President and Chief Executive Officer. "The Company has a seasoned executive team, the best asset mix in
, the most advanced networks and the best platform to lead and drive the next wave of growth. The company's in great shape and it's time to start the transition to the next generation of leadership. Over the next year I look forward to delivering strong results and to ensuring a seamless transition."
Since Mohamed became CEO in
the company has delivered a total shareholder return of 81%. During his tenure the company became the largest wireless carrier in
; consistently delivered best in class Wireless and Cable margins; significantly strengthened the balance sheet; consistently delivered first-to-market solutions; and set the foundation for future growth.
"Nadir skillfully led the company during an extraordinary time of change in our history and the history of our industry," said
, Deputy Chairman and Chair of the Rogers Control Trust. "On behalf of the company I thank Nadir for his ongoing leadership and for strengthening the company both operationally and financially."
About the Company:
Rogers Communications is a diversified Canadian communications and media company. We are engaged in wireless voice and data communications services through Wireless,
largest wireless provider. Through Cable, we are one of
leading providers of cable television services as well as high-speed Internet access and telephony services. Through Media, we are engaged in radio and television broadcasting, televised shopping, magazines and trade publications, and sports entertainment. We are publicly traded on the Toronto Stock Exchange (TSX: RCI.A and RCI.B) and on the New York Stock Exchange (NYSE: RCI). For further information about the Rogers group of companies, please visit
SOURCE Rogers Communications Inc.