Rogers changes Natale, selects Staffieri as interim CEO By Reuters

© Reuters. SUBMIT PICTURE: Chief monetary officer of Rogers Communications Tony Staffieri presents for a picture at The Rogers Building in Toronto, Ontario, Canada, October 13, 2020. REUTERS/Carlos Osorio

(Reuters) -Rogers Communications Inc has actually selected Tony Staffieri as the interim president to change Joe Natale, the business stated on Tuesday, following an uncommon public battle in the Canadian business world.

The business stated Natale has actually left the business, efficient Tuesday, and the look for an irreversible president is on.

The advancement comes following the telecoms business’s choice previously this month to restore ousted Chairman Edward Rogers (NYSE:) after a court backed his petition to make up a brand-new board.

The conflict began after Edward Rogers, the only kid of late creator Ted Rogers, attempted to drop Natale in favour of Staffieri in September, stating he lost self-confidence in Natale’s capability to lead a combined entity following a merger with Shaw Communications (NYSE:).

Rogers’ relocation was obstructed by the board, which led to Staffieri leaving the business. His effort to change the chief put him at chances with his mom and 2 sis, who are business directors.

Edward Rogers lost in the occurring power battle, and he was gotten rid of as the chair of Rogers Communications. He petitioned the British Columbia Supreme Court to verify the brand-new slate of directors he had actually selected, which the court accepted.

“The company has an exceptional set of assets and the Board has full confidence in his ability to lead Rogers Communications during this period,” Edward Rogers stated in a declaration on the CEO visit.

The news was previously reported by The Globe and Mail.

($1 = 1.2557 Canadian dollars)

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