In a statement Thursday afternoon, the company said John A. MacDonald will take over as chairman of the Rogers board of directors.
Rogers Communications has been embroiled in an executive power struggle which developed after Edward Rogers tried to put former chief financial officer Tony Staffieri into the role of CEO and replace other members of the leadership team, according to media reports. Staffieri left the company effective Sept. 29, with Paulina Molnar named interim CFO.
Joe Natale, president and chief executive of Rogers, publicly addressed the feud for the first time during the telecom company's quarterly earnings call Thursday morning. The statement comes after media reports describing an attempted ousting of Natale by board chair Edward Rogers. The attempt was blocked by other members of the board, including Rogers' sisters and mother, multiple reports say.
The cable TV and wireless company said the profit amounted to 94 cents per diluted share, down from $1.01 per diluted share a year ago. Rogers added 175,000 postpaid wireless subscribers, the highest third-quarter increase in 13 years. It also posted the lowest-ever third-quarter postpaid churn, which refers to the number of customers leaving.
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