Six months of behind-the-scenes management shuffling at Rogers Communications Inc. has come to an end with the naming of Edward Rogers to a senior position that effectively splits the CEO's job in two.
The 40-year-old son of the late Ted Rogers has been named deputy chairman of the company his father founded, a role that gives him oversight of strategic decisions, including all major mergers and acquisitions.
Nadir Mohamed, the telecom executive who was named chief executive officer in March, will be in charge of daily operations. Mr. Mohamed and Mr. Rogers were rivals in the race for the CEO's chair this spring.
When Mr. Mohamed, the favoured candidate on Bay Street, emerged as the board's choice, the company also indicated it would give Edward Rogers a more significant role inside the business.
Mr. Rogers has run the cable division for seven years and will step back from the day-to-day operations of that business, while staying in charge of the Rogers Business Services division.
"I look forward to my new role and providing oversight to the long-term strategic development of the overall business," Mr. Rogers said in a statement.
The death of Ted Rogers in December touched off the management manoeuvres that have played out since then, in particular because no clear candidate for the CEO title had been picked as part of a succession plan.
A source close to the company said there have been extensive negotiations with the board over the past six months to determine what Edward Rogers' role would be.
Negotiations over the terms of Mr. Rogers job were a factor in the delay, since mergers and acquisitions generally fall under the responsibility of the CEO.
After Mr. Mohamed was named to the corner office by the board in March, sources close to Mr. Rogers have suggested that he is positioning himself to become the company's next CEO. Mr. Rogers also serves as chairman of the trust that controls the family's voting shares in the company.
The shuffle will also see wireless executive Rob Bruce become president of the newly formed communications division of the company, which includes its cable and wireless divisions. Bob Berner, the company's chief technology officer, takes on a new role in charge of the Internet business.