Canada’s largest wireless service provider Rogers declared on Friday, February 15 that the company’s President and Chief Executive Officer, Nadir Mohamed will retire from his duties in January 2014. This means that Nadir Mohamed will serve the company for less than 12 months moving forward, after which he will be pensioned off. The veteran leader joined the only GSM based network company of Canada back in August 2000 and five years after that he was pronounced as the COO of Rogers Communications Group. Later in 2009, Mohamed became the CEO of this Canadian company and finally in 2011 he took the responsibilities of President and CEO of Rogers, after succeeding the late founder of this communication and media company, Ted Rogers.
Admiring Mohamed’s work Chairman of the board for Rogers, Alan Horn said in a statement that, “Nadir is a highly regarded executive who has delivered strong results and substantial value for more than a decade. Thanks to his disciplined and strategic management approach we’ve strengthened our core business, solidified our financial position and set Rogers up for long-term success. The board is grateful for his significant contributions and looks forward to working with him to ensure a seamless and orderly transition.”
Deputy Chairman and Chair of the Rogers Control Trust, Edward Rogers also acknowledged that, “Nadir skillfully led the company during an extraordinary time of change in our history and the history of our industry. On behalf of the company I thank Nadir for his ongoing leadership and for strengthening the company both operationally and financially.”
On this occasion Mohamed said that, “It’s truly a privilege to work with the Rogers family, the board, the leadership team and our employees to deliver for customers and shareholders and to set the foundation for the future. The Company has a seasoned executive team, the best asset mix in North America, the most advanced networks and the best platform to lead and drive the next wave of growth. The company’s in great shape and it’s time to start the transition to the next generation of leadership.”
Mohamed’s efforts can be judged from the fact that after he became the CEO of Rogers in 2009, the wireless service provider has given its shareholders a solid return on their investments, as the rate of return was around 81 percent. However, during the same period Rogers has failed in offering the similar value to 9.4 million customers in the country, who are not happy with its services.
Source: TechVibes
Photo: TheStar
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