The acquisition of Canadian telco Bell Canada Enterprises by the Ontario Teachers Pension Plan, Providence Equity Partners and Madison Dearborn is due to be completed in early 2008, and BCE CEO Michael Sabia already has said he will depart. Now, BCE has his replacement--George Cope, the current president and chief operating officer at BCE.
Though the choice sounds obvious, Cope is no BCE lifer. He's only been with the company since 2005, when he came over from Telus. Furthermore, Cope is a 46-year-old with an entrepreneurial history, having managed Canadian PCS carrier Clearnet Communications during the 1990s. Can he bring some flair and new ideas to the company that was at the center of the largest leveraged buyout in history?
For more:
- Read this story in The Toronto Globe and Mail
Related article:
- Shareholders approved the $51.7 billion deal last month