The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

UPDATE 1-Canada's Rogers names Vodafone UK chief as new CEO

Thu, 12th Sep 2013 15:18

TORONTO, Sept 12 (Reuters) - Canada's biggest cable andwireless company, Rogers Communications Inc said onThursday that Guy Laurence will take over as chief executive inDecember, following the retirement of current CEO Nadir Mohamed.

Laurence, currently CEO of Vodafone Group Plc's British unit, faces declining cable revenue and a challengingwireless landscape at Rogers. But he is seen as an executive whotransformed Vodafone UK's corporate culture and competitiveprospects via cost-cutting and a management shake-up.

"Laurence clearly has extensive wireless experience in someof the most competitive markets in the world and has obviouslydealt with regulatory challenges in the EU, which could be veryuseful in his new role," Canaccord Genuity analyst Dvai Ghosewrote in a note to clients.

Rogers, along with its biggest rivals BCE Inc andTelus Corp, are locked in combat with the federalgovernment over rules Ottawa has put in place to encourage morewireless competition, but which the established operators sayunfairly disadvantage them ahead of a key auction of airwaves.

Before joining Vodafone in 2000, Laurence worked at mediacompanies MGM Studios, United Cinemas and Chrysalis Records.

Mohamed announced his retirement earlier this year.

Rogers shares were down 0.9 percent at C$43.07 bymid-morning on the Toronto Stock Exchange.

Related Shares

More News
Today 17:38

Vodafone reports 2% rise in annual profit after stronger final quarter

Core earnings rise 2.2%, meeting market forecasts *

Today 17:20

London stocks edge higher after mixed jobs report

FTSE 100 up 0.2%; FTSE 250 adds 0.3% *

Today 16:55

LONDON MARKET CLOSE: FTSE 100 up despite Powell's US inflation caution

(Alliance News) - London's FTSE 100 edged higher on Tuesday, shaking off a warning from Federal Reserve Chair Jerome Powell on inflation, as well as t...

Today 16:40

London close: Stocks manage gains as unemployment rises

(Sharecast News) - London stocks closed higher on Tuesday, as investors analysed the latest UK jobs data and remarks from Bank of England chief econom...

Today 16:21

TOP NEWS: Vodafone to start share buyback after Spanish deal cleared

(Alliance News) - Vodafone Group PLC on Tuesday said it plans to kick off its EUR2.0 billion share buyback programme after Spanish authorities gave th...

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.