John Cassaday Announces Retirement As President And CEO, Shake Up At Corus Entertainment Is Imminent

BY: 

Dave Forde
January 13, 2015

John CassadayIt is not something that we want to have happen, but when a CEO leaves the company, one thing you can count on is a a shift in employment. Corus Entertainment, President and CEO, John Cassaday announced he plans to retire from the company on March 30, 2015.

“Under John Cassaday’s strategic leadership, Corus has grown and created a diversified portfolio of powerful brands, encompassing television, radio and content assets which have delivered significant long-term value to shareholders and customers over the past 15 years,” said Heather Shaw, Executive Chair. “Under John’s stewardship, Corus’ market cap has quadrupled, free cash flow has grown in excess of $175 million and our asset base has increased from $860 million at its inception to $2.8 billion,” she said.

John has been in the industry for 25 years in broadcasting and 15 years as President and CEO at Corus Entertainment.

So what’s next for Corus? Well if you look at what has occurred with other national companies lately, a new CEO will be announced, within two to three months they will announce a new plan for the company. With the announcement of the new plan two things will happen – some of the current leadership team will be let go, and others who do not agree with the new plan will leave on their own accord.

Join your peers!

Get news, tips and other industry news delivered into your inbox for FREE!

Related Stories:

Dave Forde


Dave “The Connector” Forde has been involved in the marketing, public relations and technology industry across Canada for over 20 years in various sales and marketing roles, he launched The Connected One network of business sites which connects buyers to the right sellers. Profectio and PR In Canada covers news about the marketing and public relations industry each day helping professionals advance their career and businesses. He also serves as an advisor to a number of businesses across the country. Find Dave on LinkedIn and Twitter.


>