MONTREAL — Jim Shaw has stepped down as CEO of Canuck broadcaster and cable operator Shaw Communications two months earlier than expected. It was announced last month that Shaw would pass the reins to his brother Brad Shaw, exec VP of operations, on Jan. 13.
The move follows the $2 billion deal that gave Shaw control of the TV assets of CanWest Global Communications, making it one of the leading players in the Canadian TV biz.
Jim Shaw was not available for comment, but in a statement he said, “We are well under way in the integration of the Shaw Media assets, and it became clear to Brad and I that it would be best for Brad to assume the role of CEO immediately so that he can move forward with the necessary decisions.”
He remains vice chairman of the board.
The Toronto Globe and Mail reported Thursday evening that Jim Shaw had displayed “unprofessional behavior” at a lunch with investors, organized by CIBC World Markets at a Vancouver restaurant last Friday.
The paper alleged he was aggressively critical in answering investors’ questions, and one of the organizers of the lunch emailed CIBC institutional clients apologizing for Shaw’s actions.