Tony Staffieri to replace Joe Natale as CEO of Rogers Communications
Posted November 16, 2021 9:16 pm.
Last Updated November 17, 2021 6:48 am.
Joe Natale is out as the President and CEO of Rogers Communications Inc., effective immediately, the company confirmed on Tuesday night.
Tony Staffieri will take over the reins as Interim President and CEO.
The move comes after a highly-publicized power struggle that culminated with a judge ruling that Edward Rogers, as chair of the family trust, was permitted to remove and replace five directors.
Despite the internal strife, the company says it remains committed to acquiring Shaw Communications Inc. in the spring.
The $26-billion deal is still awaiting regulatory green lights.
“On behalf of the Rogers family, the Board and our 24,000 team members across the country, I thank Joe for his leadership and contributions to our company, including paving the way for our future together with Shaw,” said Edward Rogers, Chair, Rogers Communications.
“While Joe is moving on, we have an experienced interim CEO and leadership team who will continue to focus on the business, return to stability, and closing our transformational merger with Shaw.”
In a release, Rogers noted Staffieri’s “over thirty years of telecom, financial, media and sports experience, including over nine years as the Chief Financial Officer of Rogers.”
“Tony is amongst the most highly regarded and seasoned telecommunications executives in the industry and was a key part of the Shaw deal,” said Edward Rogers. “His incredible work ethic, track record for results, focus on long-term strategic growth, driving an excellent experience for our customers and employees, and strong operational execution will serve us well. The company has an exceptional set of assets and the Board has full confidence in his ability to lead Rogers during this period.”
Rogers says the board “has begun a search to identify a permanent CEO who will continue to drive our future growth including our integration with the Shaw team once the deal closes next year.”
Staffieri will be a candidate for this role, the company said.
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