March 16, 2009 / 10:05 AM / in 9 years

Rogers COO tipped to become new chief: report

(Reuters) - Rogers Communications Inc, which owns Canada’s biggest wireless carrier, has decided to name Nadir Mohamed chief executive officer, the Globe and Mail reported.

<p>Nadir Mohamed, President and Chief Operating Officer Communications Group of Rogers Communications Inc., speaks during the annual general meeting of shareholders in Toronto, April 29, 2008. REUTERS/Mike Cassese</p>

The decision, which has been finalized internally, could possibly be made public in a week or two, the paper said, citing a source close to the situation.

The top post at Rogers opened up in December, when Canadian telecoms mogul and company CEO Ted Rogers died. Chairman Alan Horn has been serving as acting CEO ever since.

Mohamed, the chief operating officer, has been on the shortlist of contenders for the position along with Edward Rogers, the son of Ted Rogers who oversaw the company’s cable operations.

The company is working on an arrangement that would give Edward Rogers a key title at the top of the company in order to strike a power balance between the two executives, the paper said.

Shares in Rogers, which have fallen about 16 percent since Ted Rogers’ departure, closed at C$28.29 on Friday on the Toronto Stock Exchange.

Rogers -- whose rivals in the wireless market include BCE Inc and Telus -- owns of one of the country’s biggest cable companies, a portfolio of magazines, radio stations and trade journals, and Major League Baseball’s Toronto Blue Jays.

Reporting by S. John Tilak in Bangalore; Editing by Jon Loades-Carter

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