The trust steers the telecom giant through its ownership of 97.5 per cent of the company’s voting Class A shares
executive Thomas Turner has joined the advisory committee to the Rogers Control Trust, a group whose membership has dwindled in recent years amid the passing of several of its members.that Mr. Turner, who is the president of Rogers Business, has joined the advisory committee. The Globe is not identifying the sources as they are not authorized to discuss the matter publicly. The sources did not specify when Mr. Turner joined the committee or whether any other members have recently been added.
The Rogers Control Trust steers the telecom and media giant through its ownership of 97.5 per cent of the company’s voting Class A shares. In the fall of 2021, Edward Rogers, the son of the company’s late founder, used his position as the chair of the Rogers Control Trust to reconstitute the company’s board, removing five independent directors and replacing them with his own slate of handpicked candidates.
He was able to do so despite opposition from his mother and two of his sisters because he had the support of two-thirds of the 10-member committee. The new board then fired the company’s CEO, Joe Natale, replacing him with its former chief financial officer, Tony Staffieri.
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