BCE Announces CEO Cope to Retire in January 2020; Will Be Succeeded by COO Bibic
On June 28, 2019, BCE announced that CEO George Cope will retire in January 2020, when current COO Mirko Bibic will succeed him. While we did not expect Cope's retirement to occur in the near term, he has already spent 11 years in the CEO role, and we believe it is a good time for the transition. In our view, BCE is positioned very well and remains on course in executing a sound long-term strategy. Given our appreciation for BCE's positioning, we think Bibic is an excellent choice as a successor...BCE is a telecommunications and media company providing wireless, wireline, Internet and television (TV) services to residential, business and wholesale customers in Canada. As of Dec 31 2017, Co. operated three segments: Bell Wireless, which provides wireless voice and data communications products and services; Bell Wireline, which provides data, Satellite TV service and connectivity, and includes Co.'s wholesale business, which buys and sells local telephone, long distance, data and other services from or to resellers and other carriers; and Bell Media, which provides conventional, specialty and pay TV, digital media and radio broadcasting services and out of home advertising services.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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