Canadian triple play operator Shaw Communications has announced that its president Peter Bissonnette has delayed his retirement until the end of 2015.
Bissonnette will stay past his 65th birthday and take over responsibility for regulatory and…
Canadian triple play operator Shaw Communications has announced that its president Peter Bissonnette has delayed his retirement until the end of 2015.
Bissonnette will stay past his 65th birthday and take over responsibility for regulatory and government affairs and “strategic priorities”.
His commitment to the company comes as part of a wider management shake-up at the operator which became effective at the start of this month.
The role of Shaw’s COO Jay Mehr is changing to focus more on customer-facing elements of the business. Meanwhile, CFO Steve Wilson will now look at strategic planning among other strategic responsibilities.
Brad Shaw, CEO of the family-owned company, said: “Our business is entering an exciting period of change and having an optimal leadership structure will enable us to meet our current and future business challenges.”
Canada’s cablecos appear to be facing a new regulatory challenge as the government seems keen on the unbundling of television channels packages.
Last month Ottawa asked the telecoms and media regulator to produce a report by April on the impact of unbundling on consumers.
In its Q4 results announced in October, Shaw said it had C$3.9bn in long term debt at the end of its financial year, 31 August. It generated C$5.14bn in revenues over 2012/13.
