The CFO of Canadian telecoms group Bell Canada Enterprises (BCE), Siim Vanaselja, will retire after the 2015 annual shareholders’ general meeting, scheduled for 30 April.
He will be replaced by Glen LeBlanc, who has been CFO of its fibre unit Bell…
The CFO of Canadian telecoms group Bell Canada Enterprises (BCE), Siim Vanaselja, will retire after the 2015 annual shareholders’ general meeting, scheduled for 30 April.
He will be replaced by Glen LeBlanc, who has been CFO of its fibre unit Bell Aliant since 2005.
Once BCE finalises the privatisation of Aliant, LeBlanc will serve as senior VP, finance for BCE until Vanaselja, who became CFO in 2001, leaves.
At the end of September, BCE said that Karen Sheriff, the CEO of Aliant, would step down from the role on 31 December 2014.
The announcement came as BCE is buying out the public shareholders in Aliant for around C$3.95bn (US$3.68bn). BCE already owns 44% of the fibre operator and exercises managing control of the business.
As a result of the privatisation, which is due to complete by 31 October, Aliant will cease operating as a publicly traded company and will be integrated into BCE’s national operations.
