MONTREAL — Louis Audet is stepping aside as president and CEO of the Cogeco cable and broadcasting companies founded by his family, and will be replaced on Sept. 1 by Philippe Jette, who has been president of an affiliated company.
Audet — who has been chief executive officer of the two Cogeco publicly-traded companies for about 25 years — will become executive chairman of the board for Cogeco Inc. and Cogeco Communications Inc.
Cogeco Communications Inc. operates cable systems and other telecommunications systems in Quebec, Ontario and the United States.
Its corporate parent, Cogeco Inc., also owns radio stations in Quebec and an out-of-home advertising business.
Audet will continue to play an executive role in major issues while supporting Jette in his transition to chief executive officer of the Cogeco group, which is publicly traded but controlled by the founding family.
Jette has been president of Cogeco Peer 1, which operates computer centres. Prior to that, he was Cogeco’s chief technology and strategy officer after joining the Montreal-based companies in 2011.
Companies in this story: (TSX:CCA, TSX:CGO)
The Canadian Press