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CEO of Cogeco, unit to step down after 25 years

Philippe Jetté will lead Cogeco Inc. and Cogeco Communications Inc. as president and CEO, effective Sept. 1.

The appointment was made on the recommendation of Louis Audet, who has been president and CEO of both companies for 25 years. Audet will become executive chairman of the board of both companies, effective Sept. 1.

A replacement for Jetté, currently president of Cogeco Peer 1 Inc., will be named in the coming weeks. Further, Jan Peeters, currently chairman of the board of both companies, will become lead director.

The Audet family remains the controlling shareholder of Cogeco.