Former CEO of Shaw Communications passes away

Jim Shaw, the former chief executive of Shaw Communications Inc., died today following a brief illness.

The Canadian telecommunications company says in a statement that the vice-chairman passed away peacefully at the age of 60.

He joined Shaw in 1982, working as a construction worker and cable installer, and later served as the company's second CEO from 1998 to 2010.

Current CEO Brad Shaw says in a statement that he not only lost a brother, but a great friend and mentor.

The company's board of directors and employees expressed their condolences to the Shaw family.