Ousted Rogers Communications chairman strikes back with plans to rejig board

Oct 22 (Reuters) – The ousted chairman of Canada’s Rogers Communications Inc (RCIb.TO) laid out plans to regain control of the board in the latest twist to a feud over who should lead one of Canada’s biggest telecoms companies.

The aggressive move late Thursday by Edward Rogers, the only son of late founder Ted Rogers, comes just hours after the company’s board voted to remove him as chairman while family members fight among themselves for control of the company.

Rogers will remain a director, the company said. He also chairs the Rogers Control Trust, the family-controlled entity that holds voting control in Rogers Communications.

He proposed the removal of five directors, including John MacDonald who replaced him as chair, with his own candidates, saying that as the chair of the trust he “believes that it would be in the best interests of RCI to reconstitute the Board”.

Rogers’ exit adds another layer of uncertainty for the company after he attempted to replace Chief Executive Officer Joe Natale with the company’s now former chief financial officer in late September. The move put him at odds with his sisters and mother, all of whom are fellow board directors and said they supported Natale.

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Source: Reuters