Entwhistle returns as Telus CEO
Transcription
Entwhistle returns as Telus CEO
C2 T U E S D A Y, A U G U S T 1 1 , 2 0 1 5 FINANCIAL POST CA LG A RY H E R A L D Entwhistle returns as Telus CEO C H R I S T I NA PE L L E G R I N I FINANCIAL POST Brian Winch is the operations manager at Quality Maintenance Inc. The 30 year-old company picks up litter from strip malls and other commercial properties. L O R R A I NE HJA LTE / CALG ARY H E RALD Darren Entwistle is taking back the corner office at Telus Corp., the country’s second-largest carrier. The Vancouver-based company said Monday that Entwistle, 52, who served as chief executive officer and president for 14 years until relinquishing the job last May to become executive chairman, will replace the man who succeeded him, Joe Natale, 51, effective immediately and on a long-term basis. Likewise, Dick Auchinleck, who has served as Telus’ lead director, has been named the company’s independent chairman. Natale, who has worked in Toronto, has resigned after notifying the board that he’ll be unable to fulfil its request to relocate to the West Coast. The release says the leadership shuffle follows a review by the board that wrapped up late Friday, the same day Telus posted another quarter of strong financial results. “Mr. Natale recently indicated that a move to Western Canada would not work for him and his family for several years,” states the release, which thanked Natale for his 12 years of service at Telus, “and the Board determined that the Company would be best served by having its chief executive officer reside in the West.” To help make the transition a smooth one, Natale will serve in an executive, non-board capacity until the end of 2015. He is prevented from joining a competitor for 18 months beginning Jan. 1, 2016. While Natale’s sudden departure being attributed to his reluctance to physically relocate, Telus is known for allowing select employees to choose where they want to work. On its corporate website, the company says it strives to have 30 per cent of its staff working out of an office — and the rest remotely — because it enhances productivity, encourages work-life balance and reduces its real-estate footprint. Patrick Horan, principal at investment fund Agilith Capital, said that doesn’t fully explain why an executive at a major telecom company would give up his position. “It doesn’t make sense that he’s been in there for a little over a year and they’re picking a fight over whether he’s located in Toronto or Vancouver,” he told The Canadian Press. Josh Blair, Telus’s chief corporate officer, said the board’s goal has always been to have a management team spread out across Canada, “but have the most-senior management position in Western Canada, given the majority of our customers and revenues, come from Western Canada.” Its directors had expected that Natale would move once Vancouver-based Entwistle progressed to a non-executive chairman role when his three-year contract expired in 2017. The succession discussions between Natale and the board had been ongoing, according to a spokesperson. As CEO, Natale reported to Entwistle, who led earnings calls, fielded questions about strategy and reported to the company’s board. Since he took over in 2000, Entwistle had been lead architect who helped catapult Telus from a regional telephone provider to one of the country’s largest telecommunications companies. “While this news is a surprise, we do not see any changes to the strategic direction or financial priorities of the company,” analysts at RBC Capital Markets said in a note to clients. Telus shares, which have gained about five per cent this year, closed at $43.92, down 65 cents or 1.46 per cent Monday in Toronto trading. Winch brothers have kept the city clean after dark for 30 years Family-run company battles against litter for 150 commercial properties DAV I D PA R K E R Joe Winch earned his living as a janitor with the Calgary Board of Education. To help support his growing family he made extra money by picking up litter and shovelling snow at commercial properties and churches close to his home. His sons, Dale and Brian, would often join their father and were a big help as he picked up more clients. When Joe Winch died, Dale thought he should carry on the small business. He approached his father’s customers and launched Quality Maintenance, a company now celebrating 30 years of providing after-hours litter control. Brian had started his own snow removal and litter control business but sold that venture to join his brother at Quality Maintenance in 1989 to “see how big we could grow.” Today, the family-run company looks after 150 commercial properties with a daily, on-foot service that specializes only in litter pickup. The majority of its accounts are commercial properties like strip malls and small office complexes that property management companies hire the brothers to take care of. Some have been clients for more than 20 years. As developments get sold, some choose to go in-house and use their own maintenance crews or select a competitor, though many choose to return after finding it difficult to replace the quality of service they’ve received. The Winch brothers provide a very personal service with their trusted crew of around 10 others. “Quality is never an accident. It is always the result of high intention, sincere effort, intelligent direction and skilful execution,” said Brian, who acts as operations manager for Dale. Fighting the never-ending battle with litter is key, but the company also acts as an extra set of eyes at properties. Observing any graffiti, vandalism, burned-out lights, illegal dumping or overflowing Dumpsters is reported. Quality Maintenance understands litter-free grounds helps attract and keep tenants while creating positive thoughts within the community. It’s a simple but very efficient business. Brian shows me a photograph of himself at work in the 1980s using the same hand tools he uses today — a litter scoop and a broom. People’s habits have not changed much either. Brian said people still walk out of a convenience store, unwrap a package of cigarettes and throw away litter despite standing next to a garbage receptacle. He reckons he’s picked up tons of cigarette butts over the years; even watched people dump their vehicle ashtrays on the lot while he has been picking up. Not too many people see Brian or his workers as they usually work after hours, seven days a week, picking up litter from parking lots, sidewalks and landscaped areas so tenants feel good about walking into their buildings each morning. Picking up litter is not just another job for workers who might not be too enthused about doing a little extra. Dale and Brian are proud of the service they perform; one which has given them a good living and allowed them to spend quality time with their families. N EW S A N D N O T E S I was shocked to see the face of Darryl Barber smiling out from the Herald’s obituary columns last week. I got to know Darryl when I was at Calgary Economic Development Authority and the lawyer seemed to be so involved with, and knowledgeable of, all the happenings at City Hall. For the past 20 years of writing this column, Darryl, who knew what was going on in the downtown development business, was a great encourager. He will be sorely missed by many. Los Angeles Times called Tom Peter the “father of the postmodern corporation” and he has certainly become one of the most influential business thinkers of our time. The bestselling author is coming to Calgary on Sept. 11 as part of a powerful panel that will address the full-day Art of Leadership Conference at the Calgary Telus Convention Centre David Parker appears Tuesday, Thursday and Friday, Read his columns online at calgarayherald. com/ business. He can be reached at 403-830-4622 or by e-mail at info@ davidparker.ca Calgary Herald Darren Entwistle will re-assume his position as CEO of Telus, replacing the man who succeeded him, Joe Natale, effective immediately and on a longterm basis. DAR RYL DYCK / T HE CANADIAN P R ES S/FILES Real estate developers to settle ASC charges DA N H E A L I N G C A LG A RY H E R A L D Two Calgarians who operated companies focused on buying undeveloped lands on the edges of urban centres in southern Alberta have each agreed to pay $50,000 plus $5,000 in costs to settle Alberta Securities Act violations. Mariano Giuseppe Serpico and Kevin Gary Allan, directors with La Terra Ventures Inc., La Terra Mortgage Inc., Discovery Plains Park Ltd., and Eagle Ridge Park Ltd., admitted the corporations were selling securities related to land acquisition and development projects without filing a prospectus, according to a news release from the Alberta Securities Commission. La Terra Ventures admitted to trading in securities without being registered, and La Terra Ventures and La Terra Mortgage admitted to acting as a dealer without being registered in accordance with Alberta securities laws. Serpico and Allan admitted to having authorized, directed or acquiesced to violations of Alberta securities laws by the La Terra corporations. According to an agreed statement of facts, La Terra signed deals with property owners to buy their land conditional on fundraising. It raised $28.4 million between 2008 and 2012 by selling undivided interests or UDIs in the land. The projects include Discovery Plains in Olds, Eagle Ridge near Okotoks, Heritage Heights in Strathmore, Iron Landing near Crossfield, The Meadows near Claresholm and Creekside near Brooks. The ASC said Serpico and Allan were co-operative and, while accepting responsibility for the contraventions, believed that their actions were in accordance with Alberta securities laws. Two other men, La Terra directors John Carlos Labun and Ryan Scott Allan, are to appear in September to set a hearing date on charges they authorized, directed or acquiesced to violations of Alberta securities laws by the La Terra corporations. [email protected] twitter.com/HealingSlowly