BCE Inc. (BCE) Appoints George Cope as CEO
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BCE Inc. (NYSE: BCE) announced that George Cope has been appointed to the boards of directors and as President and Chief Executive Officer of BCE and Bell Canada, effective today.
As previously announced, Mr. Cope will also lead the company following the completion of its acquisition by an investor group led by Teachers' Private Capital, the private investment arm of the Ontario Teachers' Pension Plan, Providence Equity Partners Inc., Madison Dearborn Partners, LLC, and Merrill Lynch Global Private Equity. The transaction will close on or before December 11, 2008.
Mr. Cope replaces the departing Michael Sabia as CEO of BCE and Bell. BCE also announced today Mr. Sabia's resignation from the BCE and Bell boards.
The Bell executive team emphasizes the organization's focus on the customer experience and improved service delivery. The streamlined structure, led by Mr. Cope, reduces the total number of BCE and Bell executives from 17 to 12.[SM]
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