George A. Cope

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George A. Cope CM (born 28 July 1961) is a Canadian businessman, and the former CEO of Bell Canada.

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Early life and education

Cope was born in Scarborough, Ontario and grew up in Port Perry. [1] Cope's father played for a short time for the Toronto Argonauts, after which he ran gas stations and rustproofing shops. Cope's mother ran a store that sold fabrics. [1] Cope attended Port Perry High School [1] and played on the high school's basketball team and was also student council president. He earned a Bachelor of Business Administration degree with honours in 1984 from the Ivey Business School at Western University. [2]

Career

Cope was named CEO of Bell[ citation needed ] at the age of 53 as part of a proposed thirty five billion dollar leveraged buyout led by Providence Equity and the Ontario Teachers' Pension Fund in 2008. [3] Due to the credit crunch and the ensuing financial crisis of 2007–08, however, the buyout was cancelled. He led a competitor, Telus Mobility, before becoming President at Bell in 2005. He previously ran Clearnet, a wireless company that was bought by Telus in 2000. [3]

In 2010, Cope led the launch of the Bell Let's Talk Initiative, [4] a major corporate campaign to improve mental health in Canada, for which he received The Queen's Diamond Jubilee Medal.

In June 2019, BCE announced Cope will retire in January 2020, at which point COO Mirko Bibic will become CEO. [5] Over the past 10 years, under Cope's leadership, company profits tripled to $3.05 billion. [6]

Community involvement

Cope sits on the board of Maple Leaf Sports & Entertainment (MLSE) and was instrumental in the firing of Toronto Maple Leafs general manager Brian Burke after BCE acquired MLSE. [7] As of 2015, Cope is also a member of the Richard Ivey School of Business Advisory Board at Western University and a member of the Business Council of Canada. [2]

Recognition

Cope was named Canada's Outstanding CEO of the Year in 2015. He was also listed as one of Canada's top-paid CEO's by The Globe and Mail in 2014. [8]

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References

  1. 1 2 3 "George Cope: 'Really loves to win'". The Star. 16 December 2011. Retrieved 3 May 2017.
  2. 1 2 "BCE's George Cope named Canada's Outstanding CEO of the Year". The Financial Post. 10 November 2015. Retrieved 3 May 2017.
  3. 1 2 "The wireless guy: How BCE's George Cope cut the cord at Bell". The Financial Post. 21 June 2018. Retrieved 21 January 2019.
  4. ↑ "Bell CEO Launches $50 Million Mental Health Initiative". The Globe and Mail. 22 September 2010. Retrieved 9 May 2017.
  5. ↑ "CEO George Cope to retire as head of BCE". Canadian Broadcasting Corporation. 28 June 2019. Retrieved 28 June 2019.
  6. ↑ Investing (28 June 2019). "George Cope to retire as president and CEO of BCE in January 2020 | Financial Post" . Retrieved 28 June 2019.
  7. ↑ "Brian Burke fired: Decision by Toronto Maple Leafs' new suits lacked class: Cox | The Star". Toronto Star .
  8. ↑ "Executive compensation: Canada's 100 top-paid CEOs". The Globe and Mail. 15 September 2014. Retrieved 5 July 2017.


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