The Rogers board of directors will appoint a search committee and select a search firm to begin an international search for a replacement.
The company says Edward Rogers will not be a candidate and neither will Melinda Rogers and they will both be involved in the search process. Mohamed will also be engaged in the selection process.
Mohamed began his communications career more than 30 years ago and joined Rogers in August 2000.
He was president and CEO of Rogers Wireless from 2001 to 2005 and president and COO of Rogers Communications Group in 2005 before being appointed to succeed late company founder Ted Rogers in March 2009.
The company says that since Mohamed became CEO in March 2009, the company has became the largest wireless carrier in Canada and significantly strengthened the balance sheet.
"Nadir is a highly regarded executive who has delivered strong results and substantial value for more than a decade," said Alan Horn, the chairman of the board of Rogers Communications Inc.
"The board is grateful for his significant contributions and looks forward to working with him to ensure a seamless and orderly transition."
"The company's in great shape and it's time to start the transition to the next generation of leadership," said Mohammed.
"Over the next year I look forward to delivering strong results and to ensuring a seamless transition."