He started one of the most powerful Telcos in Canada. He owned a baseball team, and a radio station. Ted Rogers, Founder and CEO of Rogers Communications passed away at his home at the age of 75.
Digital Journal -- He's been described as a visionary, a ruthless boss, an icon and a genius. He was a gadget lover who put his executives' feet to the fire to move his company forward. He narrowly escaped bankruptcy and went on to do the unexpected by combining his media empire and communications company under one roof. He's also the second richest Canadian, worth an estimated $7 billion.
The man behind the Rogers name has passed away at his Toronto home where he was surrounded by family and loved ones.
"We wish to express our deepest sympathy to Loretta and all of the Rogers family for this loss," said Alan Horn, Chairman of Rogers Communications and acting CEO. "Ted Rogers was one of a kind who built this company from one FM radio station into Canada's largest wireless, cable and media company. A leader also in giving to the community through his and Loretta's many philanthropic initiatives. He will be sadly missed."
The Rogers name is well-known in Canada; the company under the same name is a wireless telecommunications giant, a cable TV provider, a broadcaster and publisher and they even own the Rogers Centre stadium in downtown Toronto, formerly known as the Skydome. Rogers is everywhere.
"Our sincerest condolences to Loretta, the children and the grandchildren. He will be missed by so many. Though Ted was relentless in business and building this company over the years, he was also very much a family man. His impact on family, community and country was as impressive as his business success," said Phil Lind, Rogers Vice-Chairman, worked alongside Mr. Rogers for almost 40 years.
The Board of Directors will now form a special committee to look for internal and external candidates to fill Rogers' big shoes. Until then, the acting CEO role will be continued to be Alan Horn, Chairman of Rogers Communications Inc.
Rogers was suffering from congestive heart failure and saw his health get worse over the last few years. His family will announce funeral arrangements.
