Rogers has revealed that its President and Chief Executive Officer Guy Laurence will leave the Canadian wireless carrier, effective immediately. Laurence became the head of Rogers back in 2013 after previously serving as the CEO of Vodafone UK.
In its press release, the company stated that it currently plans to bring Joseph Natale on board as its new President and Chief Executive Officer. Natale was most recently the CEO of rival Canadian wireless carrier Telus, but left in August 2015 after just 18 months on the job.
Due to a non-compete clause in his contract, Natale cannot officially become CEO of Rogers for several more months. The company stated that its chairman Alan Horn will serve as its interim President and CEO until Natale can take over. In a statement, Horn said everything will be “business as usual” at Rogers while it waits for Natale’s non-compete clause to expire.
During his three years as CEO, Laurence spearheaded a number of changes and new additions for the carrier. One of them was Roam Like Home, which allowed Rogers customers to access all of their talk and data features in their monthly Share Everything plan in over 100 countries around the world for a small daily fee.
In related news, the carrier revealed its third quarter 2016 financial results. Revenues came in at $3.49 billion, up compared to $3.38 billion from the same period a year ago. Net income was recorded at $220 million for the quarter, down from $464 million from a year ago. Rogers said that part of the reason for the lower income numbers was due to the company’s decision to shut down its video streaming service Shomi.