Rogers hires ex Telus CEO as new CEO
Former Vodafone CEO Guy Laurence loses position as CEO of Canada’s Rogers, to be replaced by Telus’s Joseph Natale
Canadian operator Rogers has replaced Guy Laurence, a former Vodafone executive, as CEO after three years in the job.
He is being replaced by Joseph Natale, a former Telus CEO who will take over as soon as his non-compete agreement with his former employer expires, believed to be in mid-2017.
Edward Rogers, deputy chairman of Rogers and a member of the family that still runs the company, said: “We have appreciated Guy’s leadership over the last three years. … On behalf of the Rogers family and the board, I’d like to thank Guy for his competitive spirit and many contributions.”
According to Canadian media, Laurence was removed after clashing with the family. The Toronto Globe and Mail reported that there had been rising tensions between Laurence and the Rogers family, which has voting control of the company”, citing sources close to the company.
Laurence built a new executive team and removed Edward Rogers and Melinda Rogers, children of founder, the late Ted Rogers, from operational roles. “The handling of those decisions caused friction with the family,” sources told the Globe and Mail.
Rogers started as a cable operator and has been hit because many customers are ending their cable subscriptions and opting for IPTV services from rival company Bell Canada.
Telus removed Natale as CEO in August 2015, to be replaced by the returning Darren Entwistle, who had been CEO and was still executive chairman.
Until Natale can take up his position at Rogers, Alan Horn, the company’s chairman, will be chairman and CEO.
Laurence joined Rogers after a long career at Vodafone, during which he was global consumer director, CEO of Vodafone Netherlands and CEO of Vodafone UK.