Edward Rogers says he\u0027ll ask top court to confirm his power
Robert Gemmell, former chief executive of Citigroup Global Markets Canada, was identified as lead director of Rogers in the release issued late Sunday by a purportedly reconstituted board that includes five independent directors put forward by Edward last week over the objections of his mother and two sisters, as well as other independent directors of the $30 billion telecommunications giant.
“The Board must have absolute alignment in their duties to ensure the business is strategically positioned and effectively managed. To do that, the Board must be independent of management and that is now the case,” Gemmell added in the statement, saying he is “excited for what the future holds at Rogers Communications.”
His mother Loretta Rogers and sisters Martha Rogers and Melinda Rogers-Hixon were firmly against the plan and tried unsuccessfully to rein in Edward’s control over the Rogers Control Trust, the vehicle put into effect after Ted Rogers died in 2008 through which they exercise control over the large telecommunication company.
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