BCE CFO Siim Vanaselja to retire next year, to be replaced by Bell Aliant CFO

MONTREAL – BCE Inc. (TSX:BCE) said Tuesday that chief financial officer Siim Vanaselja will retire in the second quarter of next year.

He will be replaced by Glen LeBlanc, chief financial officer of BCE affiliate Bell Aliant (TSX:BA).

BCE is expected to close a deal to acquire the remaining stake in Bell Aliant it does not already own by the end of the month.

Vanaselja joined BCE in 1994 and has served as chief financial officer of the company and its Bell Canada subsidiary since January 2001.

He is expected to retire after BCE’s 2015 annual meeting and before the end of the second quarter next year. Vanaselja will continue to serve on the board of Maple Leaf Sports and Entertainment.

LeBlanc joined Aliant in 1993 and was appointed chief financial officer in 2005.

After the BCE deal to privatize Bell Aliant closes, LeBlanc will become senior vice-president, finance, at BCE until he takes over as chief financial officer next year.