And the decisions they make have huge consequences, not just for the bottom line, but for communities, cities, even entire countries. The company is making several promises to win the favour of investors and government officials, including that it will wring out $1 billion (US$780 million) in savings. The conflict isnt personal, she said. We apologize, but this video has failed to load. Ms. Rogers holds a B.A. Theres a new head of the cable division, Robert Depatie, until recently a director who aligned himself with Edward Rogers in the boardroom battle. The Posthaste newsletter has all the breaking business news and market signals you need, The Posthaste newsletter the business news you need, A statement on behalf of Loretta Rogers, Melinda Rogers-Hixon, Martha Rogers, John A. 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The information you requested is not available at this time, please check back again soon. Rogers is currently in the process of acquiring Shaw, a broadcaster serving Western Canada. 365 Bloor Street East, Toronto, Ontario, M4W 3L4. See the complete profile on LinkedIn and discover Melinda's connections and jobs at similar companies. The next issue of Financial Post Top Stories will soon be in your inbox. 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Ms. Rogers has held progressively senior roles at Rogers since joining the company in 2000. The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. This Supreme Court Case Could Redefine Crime, YellowstoneBackers Wanted to Cash OutThen the Streaming Bubble Burst, How Countries Leading on Early Years of Child Care Get It Right, Female Execs Are Exhausted, Frustrated and Heading for the Exits, More Iranian Schoolgirls Sickened in Suspected Poisoning Wave, No Major Offer Expected on Childcare in UK Budget, Oil Investors Get $128 Billion Handout as Doubts Grow About Fossil Fuels, Climate Change Is Launching a MutantSeed Space Race, This Former Factory Is Now New Taipeis Edgiest Project, What Do You Want to See in a Covid Memorial? Rogers is a corporate governance anomaly because the family controls more than 97 per cent of the votes, 365 Bloor Street East, Toronto, Ontario, M4W 3L4. Ms. Rogers-Hixon has served as Deputy Chair of the Board of RCI since January 2018, and as Vice Chair of the Rogers Control Trust since 2008. Copyright 2023 Surperformance. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, This Week in Crypto: Ukraine War, Marathon Digital, FTX, An LG smartphone sits on display in an arranged photograph inside a Rogers Communications Inc. store in Toronto, Ontario. articles a month for anyone to read, even non-subscribers! Rogers totally committed to Shaw acquisition, chair says as CRTC hearings begin, Joe Natale out as Rogers CEO, to be replaced by former CFO Staffieri, Its the founders way or the highway: Governance at Rogers has raised eyebrows before, Rogers faces recruiting trouble if CEO is ousted, Newhaven president says, 'Its the founders way or the highway': Governance at Rogers has raised eyebrows before, tap here to see other videos from our team, Unlimited online access to articles from across Canada with one account, Get exclusive access to the National Post ePaper, an electronic replica of the print edition that you can share, download and comment on, Enjoy insights and behind-the-scenes analysis from our award-winning journalists, Support local journalists and the next generation of journalists, Daily puzzles including the New York Times Crossword, Access articles from across Canada with one account, Share your thoughts and join the conversation in the comments, Get email updates from your favourite authors. Executives from Rogers argued this merger was the best for Canadians as it would bring more options to the market and increase competition. 2023 Blue Ant Media Walied Soliman, chair of Norton Rose Fulbright in Canada and the lawyer acting on behalf of Melinda Rogers-Hixon, said Monday that Mr. Rogers' attempt to use his power as chair of the Rogers Control Trust to remove five independent Rogers Communications Inc. (RCI) directors who joined with his mother and two sisters last week to strip him of his And as a daughter of my fathers.. Melinda Rogers-Hixon wants peace -- within her family and inside the boardroom of Canadas largest wireless and cable company. For Rogers-Hixon, there appears to be lingering frustration about the way the events played out this fall. And not even six months of operating experience, she said. 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Edward, the only son of company founder Ted Rogers, claimed to have installed five new directors last week via a written resolution; and, on Sunday, reclaimed the role of chair at RCI after the first meeting with his hand-picked directors. For Rogers-Hixon, there appears to be lingering frustration about the way the events played out this fall. We ask you to keep your comments relevant and respectful. I believe that my brother wants to do whats right for the company, she said during a 90-minute interview. Our founder, Ted Rogers, purchased his first radio station, CHFI, in 1960. Perched on a sofa inside her home in one of Torontos most upscale neighborhoods, the heiress of the Rogers Communications Inc. empire is working hard to project an air of calm diplomacy. She is the owner of the Loretta Anne yacht. How old is Melinda Rogers? Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc. A welcome email is on its way. Article content. Ms. Rogers-Hixon said Thursday in her first interview since a boardroom battle over the company's leadership found her, two of her family members and the majority of the company's independent. She joined forces with other board members last month to block the move to replace Natale with Chief Financial Officer Tony Staffieri. Unauthorized distribution, transmission or republication strictly prohibited. Subscribe now to read the latest news in your city and across Canada. From media and technology to finance and real estate, leagues and teams across the globe have matured into far more than just back page entertainment. Copyright 2023 Surperformance. And for all the differences the two have had, never once, she says, did she doubt his intentions. Read more about cookies here. Perched on a sofa inside her home in one of Torontos most upscale neighborhoods, the heiress of the Rogers Communications Inc. empire is working hard to project an air of calm diplomacy. For more information:media@rci.rogers.com1-844-226-1338. Its an obligation, a responsibility not only as a board member and a shareholder, but as a member of the family. She also served as Senior Vice President, Strategy and Development from 2006 to 2014, Vice President, Strategic Planning & Venture Investments from 2004 to 2006, and Vice President, Venture Investments from 2000 to 2004. Our board, our management team, and I are totally committed to this deal. All rights reserved. Perched on a sofa inside her home in one of Toronto's most. RBC analyst Drew McReynolds cut his rating on the companys TSX-listed stock to the equivalent of a hold from a buy Monday and lowered his price target, noting collateral damage now seems inevitable., Soliman said the share-price decline was contributing to a sad day, adding this type of chaos is obviously unhelpful., The stock symbol {{StockChart.Ric}} does not exist, Brendan Caldwell's Top Picks: March 1, 2023, {{data.symbol | reutersRICLabelFormat:group.RICS}}, {{ stock | formatPrefix }}{{ stock.netChng | formatNetChange }}, Two men claim Rogers chairmanship as rift convulses family, 'Collateral damage': Rogers chaos prompts analyst downgrades. Wait, so now you have a fifth, whos changing the strategy again, Rogers-Hixon said. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, This Week in Crypto: Ukraine War, Marathon Digital, FTX. Perched on a sofa inside her home in one of Torontos most upscale neighbourhoods, the heiress of the Rogers Communications Inc. empire is working hard to project an air of calm diplomacy. Ms. Rogers was awarded an honorary doctorate from Huron University College at Western University in November 2018. If the only thing you know about sports is who wins and who loses, you are missing the highest stakes action of all. View Melinda Rogers' profile on LinkedIn, the world's largest professional community. Melinda Rogers-Hixon 1mo Report this post She was a role model to me and so many women. The company is making several promises to win the favor of investors and government officials, including that it will wring out $1 billion (US$780 million) in savings. Rogers-Hixon told the Globe Natale was the best CEO the company had since her father. Rogers assured the CRTC drama surrounding the board wouldnt make its way into the merger. The Toronto-based telecommunications company said the group is made up of three directors, including Edward's sister Melinda Rogers-Hixon. Melinda Rogers-Hixon at her home in Toronto. He was actually quite principled, and I think hed kick our ass, frankly, she said. She expresses confidence that she and her older brother, Chairman Edward Rogers, can patch things up after a messy battle for control landed them on opposing sides of a Vancouver courtroom. The Posthaste newsletter has all the breaking business news and market signals you need, The Posthaste newsletter the business news you need, Melinda Rogers wants peace with her brother Edward, but deep rifts remain, Death of the balcony: Why an outdoor space of one's own may soon be a luxury in condoland, The CRA generally lets you claim family medical expenses not this time, Nordstrom joins the exodus of U.S. retailers from Canada: What you need to know, We are very clearly in an energy supply crisis Eric Nuttall sees return of triple-digit oil prices, 'Panic station at Fox News': How the Murdochs agonized over Trump's election loss. My response to that is we have shareholder meetings for a reason. Investors, Rogers-Hixon said, didnt really understand that the board could be reconstituted with literally a signature., Rogers-Hixon says she knows that she and her brother need to find a way to turn things around. Rogers matriarch Loretta Rogers wielded a quiet power theglobeandmail.com . The daughter of the late Ted Rogers is a director at Rogers Communications. She tried to craft a compromise with her brother, one that might have kept the family out of court and the Rogers Communications board intact. Our founder, Ted Rogers, purchased his first radio station, CHFI, in 1960. Rogers-Hixon, her sister, mother, and numerous directors on the board were against the move; Rogers succeeded in the end. . When Canadian carriers lock their doors, does it change the shopping experience? Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300 But lawyers for the company and for Edward's sister, Melinda Rogers-Hixon, said the move has no legal effect because local corporate law doesn't allow him to unilaterally change the board of a public company on a moment's notice. Create an account or sign in to continue with your reading experience. TORONTO, Oct. 24, 2021 (GLOBE NEWSWIRE) We unequivocally support Joe Natale as CEO and support his management team. The company is coming off its best third quarter in wireless in years. Right now it feels a bit raw, and I think we need to take a bit of time and then sit down and try to figure out how to rebuild it.. Some folks might say there is some opening in the British Columbia statute and if that opening exists [Mr. Rogers] should be able to avail himself of it. Soliman said. We have grown to become a leading technology and media company that strives to provide the very best in wireless, residential, sports, and media to Canadians and Canadian businesses. But important matters remain unresolved, including the top executive. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. That allowed him to unilaterally fire five directors whod opposed him. . If you are a Home delivery print subscriber, unlimited online access is. Ms. Rogers serves on the board of Maple Leaf Sports and Entertainment and is Chair of Jays Care Foundation. Melinda Hixon corporate profile, background and performance evaluation including other Rogers Communication executives . Ms. Rogers-Hixon was appointed a director of Rogers Bank on December 31, 2017. The concept of a single shareholder being able to replace all the independent directors of one of the largest public companies in the country with the stroke of a pen one afternoon is unconscionable., I dont think there is any shareholder, securities regulator, or director of a corporate statute across this country that would find this approach acceptable, he said. She was founder of Rogers . Will His AI Plans Be Any Different? About Rogers Rogers is a proud Canadian company dedicated to making more possible for Canadians each and every day. There are 10 executives at Rogers Communications getting paid more, with JosephNatale having the highest compensation of $11,704,000. Edward wanted Tony Staffieri, the longtime chief financial officer. corporate law allows him, as chair of the family trust that holds 97.5 per cent of voting shares in the company, to replace directors at his discretion. The oldest executive at Rogers Communications Inc. is Loretta Rogers, 80, who is the Director. Create an account or sign in to continue with your reading experience. Melinda Rogers-Hixon is one of three directors on new panel, Third-quarter earnings match estimates; revenue is flat. A month ago, after prevailing in court, Edward and his board allies installed Staffieri, officially on an interim basis. Her net worth is estimated to be $8 billion. Musk Made a Mess at Twitter. And yet, there were moments in the interview that revealed the magnitude of the fissures inside the Rogers clan, and how tricky repairing them will be, as the company enters a critical phase in its US$16-billion takeover of rival Shaw Communications Inc. Rogers-Hixon cited C-suite turnover under her brothers leadership and the constant strategy shifts; she made clear she still has issues with his choice of CEO; and she hinted at discontent in the top ranks. melinda.hixon@comcast.net melindahixon1290@yahoo.com melindahixon@alltel.net Current address 2547 Patterson Bridge . The oldest executive at Rogers Communications Inc. is LorettaRogers, 80, who is the Director. Terms of use. And yet, there were moments in the interview that revealed the magnitude of the fissures inside the Rogers clan, and how tricky repairing them will be, as the company enters a critical phase in its US$16 billion takeover of rival Shaw Communications Inc. Rogers-Hixon cited C-suite turnover under her brothers leadership and the constant strategy shifts; she made clear she still has issues with his choice of CEO; and she hinted at discontent in the top ranks. There was an error, please provide a valid email address. . This Supreme Court Case Could Redefine Crime, YellowstoneBackers Wanted to Cash OutThen the Streaming Bubble Burst, How Countries Leading on Early Years of Child Care Get It Right, Female Execs Are Exhausted, Frustrated and Heading for the Exits, More Iranian Schoolgirls Sickened in Suspected Poisoning Wave, No Major Offer Expected on Childcare in UK Budget, Oil Investors Get $128 Billion Handout as Doubts Grow About Fossil Fuels, Climate Change Is Launching a MutantSeed Space Race, This Former Factory Is Now New Taipeis Edgiest Project, What Do You Want to See in a Covid Memorial? Shes concerned about potential instability in other parts of the company, including in the wireless unit, which is by far the companys most important business. She joined forces with other board members last month . The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. No other group of individuals has any authority to purport to act as the Board of Directors of Rogers Communications Inc. In the meantime, the revolving door still spins at the companys headquarters in Toronto. I believe that my brother wants to do whats right for the company, she said during a 90-minute interview. Its an obligation, a responsibility -- not only as a board member and a shareholder, but as a member of the family. We remain as duly elected members of the Rogers Communications Inc. Board and represent the majority of the Board members of the company. Oh my god, he's worth his weight in gold," Rogers-Hixon said. If you are doing a job search for somebody to run a $50 billion corporation, I fully and firmly believe operating experience is a must. Most analysts expect Rogers to face a tough negotiation with Canadas competition body and the government before closing the deal sometime in 2022. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. She told The Globe and Mail that rebuilding relationships isnt only important for the family, but for the future of Rogers and its employees. melinda rogers hixon net worth. After all, she points out, they have an obligation to employees, customers and shareholders to do so. Wireless head Dave Fuller is a Natale protege who has already stated publicly that he doesnt want to work for another CEO. Investors, Rogers-Hixon said, didnt really understand that the board could be reconstituted with literally a signature., Rogers-Hixon says she knows that she and her brother need to find a way to turn things around. 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A month ago, after prevailing in court, Edward and his board allies installed Staffieri, officially on an interim basis. Melinda Rogers is 49, she's been the Deputy Chairman of the Board of Rogers Communications since 2018. In a release Sunday night, the board that Mr. Rogers is leading said he intends to ask the British Columbia Supreme Court to validate the legality of his move. Most recently, she was Founder of Rogers Venture Partners from 2011 to 2018. 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The power struggle has died down for the moment, and family members speak to one another regularly, she said. Amazon Is Closing Its Cashierless Stores in NYC, San Francisco and Seattle, Amazon Pauses Construction on Second Headquarters in Virginia as It Cuts Jobs, Stock Traders Are Ignoring Blaring Bond Alarms, iPhone Maker Plans $700 Million India Plant in Shift From China, Russia Is Getting Around Sanctions to Secure Supply of Key Chips for War. Melinda Rogers-Hixon, deputy chair of Rogers Communications Inc., at her home in Toronto. Former Telus top man Joe Natale officially took over as CEO of Rogers Communications Inc. this year, signaling a return to stable leadership for the company after former CEO Guy . Oh my god, hes worth his weight in gold, Rogers-Hixon said. sisters Melinda Rogers-Hixon and Martha Rogers and his mother. We have a responsibility to ensure that we have the best person in the role of CEO that we can possibly get, said Rogers-Hixon, 50. All rights reserved. This advertisement has not loaded yet, but your article continues below. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. We along with the Management continue to work tirelessly on behalf of all stakeholders including customers, employees, and shareholders. He sued to restore his authority, and for nearly two weeks, two factions claimed to have control of the board at one of Canadas biggest public companies, until a judge finally ruled in his favor. A month ago, after prevailing in court, Edward and his board allies installed Staffieri, officially on an interim basis. She tried to craft a compromise with her brother, one that might have kept the family out of court and the Rogers Communications board intact. Melinda Rogers-Hixon Deputy Chair & Director of the Board, Rogers Communications, Partner GTA Toronto . Unauthorized distribution, transmission or republication strictly prohibited. And the decisions they make have huge consequences, not just for the bottom line, but for communities, cities, even entire countries. Its founder, Ted Rogers, purchased his first radio station, CHFI, in 1960. Most recently, she was Founder of Rogers Venture Partners from 2011 to 2018. It failed when some of her fathers oldest friends, who have a role in the Rogers family trust that controls the public company, wouldnt support it. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. The information you requested is not available at this time, please check back again soon. Melinda Rogers-Hixon wants peace within her family and inside the boardroom of Canadas largest wireless and cable company. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. Musk Made a Mess at Twitter. About RogersRogers is a proud Canadian company dedicated to making more possible for Canadians each and every day. Ms. Rogers has served as Deputy Chair of the Board of RCI since January 2018, and as Vice Chair of the Rogers Control Trust4 since 2008. Merging with Shaw was a dream held by her late father, company founder Ted Rogers. We will stand behind each and every commitment made by our team today. When asked her opinion about Staffieri and whether shed support making him the permanent boss, Rogers-Hixon rattled off the list of what she wants in a CEO. Linked companies : Rogers Communications Inc. - Bombardier Inc. Summary. If you are a Home delivery print subscriber, unlimited online access is. Melinda Rogers From the archives The Man Who Would Be King: Inside the ruthless battle for control of the $34-billion Rogers empire Edward Rogers expected to run the family empire after the. She also served as Senior Vice President, Strategy and Development from 2006 to 2014, Vice President, Strategic Planning & Venture Investments from 2004 to 2006, and Vice President, Venture Investments from 2000 to 2004. from the University of Western Ontario and a M.B.A. from Joseph L. Rotman School of Management at the University of Toronto. Theres a new head of the cable division, Robert Depatie, until recently a director who aligned himself with Edward Rogers in the boardroom battle.
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