TORONTO — With its stock mired in the $0.10 CDN range for the past nine months and the recent release of fiscal second quarter 2025 earnings that missed analysts’ estimates as its net loss widened, Corus Entertainment has suffered through a bleak start to 2025.
Now, the company that owns radio stations across Canada and the Global television network is preparing to say farewell to its Executive Chair.
This will see Heather Shaw retire from her position on May 31.
Shaw will remain on the company’s Board of Directors as a non-executive chair.
Shaw has served as Executive Chair since the creation of Corus in September 1999. In the words of co-CEO Troy Reeb, “Heather has been an important part of Corus’ history, helping to steward the company through significant milestones and an ever-changing industry. We are appreciative of her commitment to Corus and of her long career in media leadership.”
Fern Belisle, Co-Chair of the Human Resources and Governance Committee, added, “On behalf of our Board of Directors, I want to thank Heather for her many contributions to the Board and to Corus over the past 26 years. While we wish her all the best on her retirement as Executive Chair, we look forward to continuing to serve together on the Board.”
In addition to the Corus Board, Shaw remains a director of several private companies including the Shaw Family Foundation, a philanthropic organization founded in 1970, and Managing Director of The Shawana Foundation, a Calgary-based philanthropic organization.
— With reporting by RBR+TVBR in Vaughn, Ont.
