Just read in the Globe and Mail that Nadir Mohamed was chosen as the next CEO of Rogers. In the running were just him and the late Ted Rogers' son, Edward Rogers, currently head of the Cable business.
It's said that Mr. Rogers will take a vice-chairman role at the top, to balance the overwhelming power that Mr. Mohamed will wield, and will advise more on strategy and acquisitions, versus the day to day operational leadership.
Not sure this is the best plan, as I'm a big fan of the 'if it ain't broke...' theory. Nadir Mohamed's experience in the industry, and his love-affair with Bay street is all about stability and long term vision. If a Rogers is calling those shots and once again micro-managing Mohamed, the market may not see the kind of results they're expecting.
I surmise that all will be addressed within the week when Rogers makes the announcement and spells out to analysts what the various roles and responsibilities will be. They cannot afford speculation, so I anticipate a very detailed description and lots of hand holding for Bay Street.
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