Rogers announced today current company president and CEO Nadir Mohamed had decided to retire from the company in January of 2014.
“Nadir is a highly regarded executive who has delivered strong results and substantial value for more than a decade,” said Alan Horn, 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.”
In order to find a replacement, the Rogers Board of Directors will start looking globally and will soon appoint a search committee plus hire a search firm to start the process. Edward Rogers and Melinda Rogers will not be putting themselves forward as they are part of the search process, which Mohamed will be a part of. The latter will assist the board to ensure a seamless transition throughout 2013.
Nadir Mohamed started his tenure with Rogers in August of 2000 and from 2001 to 2005 he was president and CEO of Rogers Wireless, later to be appointed president and COO of Rogers Communications Group in 2005. Mohamed eventually succeeded the late company founder Ted Rogers in 2009 and was appointed president and CEO.
“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 Nadir Mohamed, President and Chief Executive Officer.
According to Rogers, Mohamed has delivered a total shareholder return of 81% since taking over as CEO in 2009. The Financial Post recently profiled the slow and steady business decisions of Mohamed, seen as a contrast to the valiant Ted Rogers.