MONTREAL – BCE announced that Richard Currie, the current Chair of the Board of Directors will not seek re-election as a director, and neither will three other directors, Judith Maxwell, John McArthur and Robert Pozen.
"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," Currie said in a press release. "However, the specific measures to create shareholder value announced last Friday make this an opportune time for me to relinquish my board duties."
The announcement also said that the board intends to elect BCE director Thomas O’Neill as chair of the board, assuming that he is re-elected as a director by shareholders at BCE’s annual general meeting on February 17, 2009 in Montréal.
