Rogers welcomes Glenn Brandt as CFO
Rogers Communications has appointed Glenn Brandt as its new chief financial officer (CFO).
“Glenn is a highly regarded leader with deep industry experience as well as extensive experience in corporate finance, including raising capital and working with credit agencies,” said Tony Staffieri, president and CEO at Rogers Communications.
“His strong leadership as CFO will be integral as we work to successfully come together with Shaw, drive growth across our business, and maintain the strong balance sheet needed to invest for the future.”
Brandt succeeds Paulina Molnar, who was appointed interim CFO in September 2021. Molnar will work with Glenn to ensure an effective transition of CFO responsibilities.
“I want to thank Paulina for her terrific work as Interim CFO and look forward to her continued leadership across our organisation as SVP Controller and Risk Management,” added Staffieri.
Brandt enters the role with 35 years of financial management experience, including 30 years of career progression within Rogers across treasury, investor relations and corporate development he recently served as senior vice president of corporate finance.
“I am honoured and excited to take on this new role at such a critical time in our company’s history,” said Brandt.
“I look forward to working with the team to build on Rogers’ strong legacy of growth, deliver on our key priorities, and enhance value for our shareholders.”
In related news, earlier this month Rogers Communications has completed a private offering of $750 million of 5.25% fixed-to-fixed rate subordinated notes due 2082.
The net proceeds from the issuance of the shares will be approximately $740 million, which the company will use to repay a portion of its senior notes that will mature this year as well as certain short-term borrowings that were used to fund its acquisition of 3500MHz spectrum licenses in 2021.