MTS CEO Stepping Down
WINNIPEG, MB., – Manitoba Telecom Services Inc. (MTS) announced that President and CEO Jay Forbes will be leaving the company following the expected successful closing of its pending transaction with BCE Inc. (BCE) (NSX, NYSE: BCE) on March 17, 2017.
Forbes joined MTS in January 2015 and led a significant two-year transformation effort, culminating with the recent sale of the company to BCE for $3.9 billion. He also oversaw the successful sale of Allstream Inc. to Zayo Group Canada Inc. and launched several initiatives designed to make MTS a truly customer first organization.
“I want to sincerely thank Jay for the remarkable job he has done at MTS,” said David Leith, Chair of the Board of Directors for MTS. “Under his leadership, MTS brought increased value and service to our customers, delivered more than $1 billion of value to shareholders and secured vital investments in the future of our province and communities. We are appreciative of his tremendous efforts and we wish him nothing but success in his future endeavours.”
“With the arrival of the new Bell MTS combination, the time will be right for me to move on and pursue new opportunities,” said Forbes. “I cannot even begin to express my immense gratitude to the board, my management team and our employees for their tireless efforts over the past two years. They should be proud of their accomplishments and look forward with excitement to a bright future as Bell MTS.”
-Kevin Klein, MyToba News
With files from MTS