Corus Entertainment recently announced the retirement of its executive vice president and chief financial officer Tom Peddie.
Peddle joined Corus in June, 1999 prior to the creation of the company in September of 1999. Since then he has led Corus through a series of acquisitions, including the recent purchase of Shaw Media, the media division of Shaw Communications, this past April.
Furthermore, Peddie saw Corus’ revenues grow from $150 million to $1.8 billion over the course of his time with the company. Before Corus, Peddie previously held executive positions at CTV, the Toronto Sun Publishing Corporation, and Campbell’s Soup.
“Tom is a very talented finance executive and business leader. Throughout his distinguished career at Corus, he has consistently delivered exceptional financial leadership and valued strategic input as we have grown the business. I was privileged to have the opportunity to work with him, and wish Tom and his family the very best in the years to come,” said Doug Murphy, president and CEO of Corus in a statement sent to MobileSyrup.
In the wake of this announcement, it’s also been revealed that John Gossling, who left Telus at the beginning of May to “seek other opportunities,” will be taking Peddie’s place as Corus Entertainment’s executive vice president and CFO.
The announcement of Gossling’s departure came on May 16th just three and a half years after he joined the company. Gossling had previously held positions as the CFO of CTVglobemedia, vice president of financial operations at rogers communications , CFO at Rogers Wireless, and Partner at KPMG.
“I am thrilled that we are able to appoint a finance executive of John Gossling’s caliber to succeed Tom. John’s proven experience in large, complex, fast-paced organizations along with his collaborative leadership approach will ensure a seamless transition as we embark on the next phase in our journey,” said Murphy in a statement.
While Doug French replaced Gossling in his former role at Telus, this change came less than a year after the company switched CEOs. MobileSyrup previously reported that in 2015 Telus paid $6.2 million as part of a “transition payment” to Joe Natale, who was the CEO of Telus for just 18 months.
Gossling, however, appears to be entirely content with his decision and will work with Tom Peddie through to August, 2016 to ensure a smooth transition.
“I am excited about joining Corus at this historic point in the company’s evolution,” he said in a statement. “The recent acquisition of Shaw Media, Corus’ industry leading brands and its growth- oriented strategy are strong building blocks for long-term success.”
Related reading: Telus appoints new chief financial officer