World

Edward Rogers seeks to replace five directors at Rogers Communications

TORONTO –


Edward Rogers, chair of the household belief that controls Rogers Communications, moved to oust 5 members of the board of administrators in an escalation of a boardroom combat that noticed him changed as chair of the wi-fi and cable firm.


As chair of the Rogers Management Belief, Edward Rogers stated in a press release that he was upset with latest occasions and commentary concerning the governance of the corporate and has misplaced confidence within the Rogers board as at present constituted.


Edward Rogers was changed as chair of Rogers on Thursday after media reviews that he tried however did not put former chief monetary officer Tony Staffieri into the function of CEO and substitute different members of the management group.


The plan to interchange Rogers CEO Joe Natale was blocked by different members of the board, together with Rogers’ sisters and mom, a number of reviews say.


Edward Rogers needs to take away John Clappison, David Peterson, Bonnie Brooks, Ellis Jacob and John MacDonald, who was named chair on Thursday, from the corporate’s board of administrators.


He has named Michael Cooper, Jack Cockwell, Jan Innes, Ivan Fecan and John Kerr as the brand new administrators.


In response, Rogers stated in a press release that it was involved that the belief would search to make a elementary change in such an uncommon approach.


It added that it had not but obtained any documentation from Edward Rogers or the belief concerning the board member modifications and that it will seek the advice of with its counsel if and when that occurred.


Edward Rogers chairs the Rogers Management Belief, which controls Rogers by means of its class A voting shares, whereas the belief additionally consists of different relations and an advisory committee.


The management belief chair acts because the consultant of the controlling shareholder and votes the category A voting shares.


The vice-chair, Melinda Rogers-Hixon, assists the chair and each are accountable to the advisory committee.


This report by The Canadian Press was first revealed Oct. 22, 2021.

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