BCE Chair & Directors “step aside”

bellimagenewlogoWith last weeks news that the BCE takeover was officially terminated… today BCE announced that Richard J. Currie, Chair of the Board of Directors of BCE will not seek re-election as a Director. In addition, 3 other Directors (Judith Maxwell, John H. McArthur and Robert C. Pozen) will follow him out the door.

Mr. Currie said “The fact that the transaction to sell the Company to an investor group led by Teachers’ Private Equity will not proceed is obviously a disappointment for shareholders, including the tens of thousands of BCE employees and retirees who have invested in the Company over many years. However, the specific measures to create shareholder value announced last Friday make this an opportune time for me to relinquish my board duties.”