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2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. The power struggle has died down for the moment, and family members speak to one another regularly, she said. I believe that my brother wants to do whats right for the company, she said during a 90-minute interview. Please try again. Why the Rogers outage was so bad, and how to prevent the next one, ISPs and advocacy groups say new CRTC policy does nothing to address current sky-high internet rates, Happy 35th anniversary to Final Fantasy, my all-time favourite series, Heres why you should play Immortality, 2022s most innovative and original game. . 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. Ted Rogers, she said, would be appalled by recent developments. She is Chairman at Jays Care Foundation, Director-Governing Council at the University of Toronto and Member-Governors Board at Huron University College and on the board of 7 other companies. This advertisement has not loaded yet, but your article continues below. Merging with Shaw was a dream held by her late father, company founder Ted Rogers. 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. 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. The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. Melinda has 1 job listed on their profile. Age, Boxer Wiki, Family, Net worth, Biography Everything about Education Rogers graduated from the University of Miami with a Bachelor of Fine Arts degree. She joined forces with other board members last month to block the move to replace Natale with Chief Financial Officer Tony Staffieri. The conflict isnt personal, she said. Hixon family $1.25B 2015 America's Richest Families Net Worth as of 7/1/15 About Hixon family After the Civil War, Gideon Cooley Hixon, a Wisconsin businessman and politician, made a. Oh my god, he's worth his weight in gold," Rogers-Hixon said. Last updated: 1 February 2023 at 11:00am EST. His mother Loretta Rogers and sisters Martha Rogers and Melinda Rogers-Hixon were firmly against the plan and tried unsuccessfully to rein in Edward's control over the Rogers Control Trust, the vehicle put into effect after Ted Rogers died in 2008 through which they exercise control over the large telecommunication company. And as a daughter of my fathers.. It has 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. 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. Wireless head Dave Fuller is a Natale protege who has already stated publicly that he doesnt want to work for another CEO. articles a month for anyone to read, even non-subscribers! Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. Rogers-Hixon, her sister, mother, and numerous directors on the board were against the move; Rogers succeeded in the end. 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. The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. 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. If you want to find out more about us, visit about.rogers.com. 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. We ask you to keep your comments relevant and respectful. And the decisions they make have huge consequences, not just for the bottom line, but for communities, cities, even entire countries. Please try again. A month ago, after prevailing in court, Edward and his board allies installed Staffieri, officially on an interim basis. Loretta Rogers, the company matriarch, moved a motion to remove her own son as chairman of Rogers Communications. 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. The information you requested is not available at this time, please check back again soon. Melinda Rogers-Hixon Deputy Chair & Director of the Board, Rogers Communications, Partner GTA 4d An interesting take on the state of women in the C-suite from Rita Trichur. Most recently, she was Founder of Rogers Venture Partners from 2011 to 2018. And for all the differences the two have had, never once, she says, did she doubt his intentions. Wait, so now you have a fifth, whos changing the strategy again, Rogers-Hixon said. Rogers-Hixon, her sister, Martha Rogers, and her mother, Loretta Rogers -- all board members -- had wanted to stick with Joe Natale, the CEO since 2017. Wireless head Dave Fuller is a Natale protege who has already stated publicly that he doesnt want to work for another CEO. We have enabled email notificationsyou will now receive an email if you receive a reply to your comment, there is an update to a comment thread you follow or if a user you follow comments. Our shares are publicly traded on the Toronto Stock Exchange (TSX: RCI.A and RCI.B) and on the New York Stock Exchange (NYSE: RCI). The company is coming off its best third quarter in wireless in years. For more information:media@rci.rogers.com1-844-226-1338. The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. The information you requested is not available at this time, please check back again soon. Melinda Rogers-Hixon at her home in Toronto. 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. The companys shares are on track for a third consecutive year of declines that hasnt happened since the 1990s and trade at a big discount to its major rivals, partly because of the turmoil and a perception of poor governance. He was actually quite principled, and I think hed kick our ass, frankly, she said. Aspects specifically relating to broadcasting were discussed. My response to that is we have shareholder meetings for a reason. The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. . Unauthorized distribution, transmission or republication strictly prohibited. In her first interview since the Rogers board debacle earlier this year, Melinda Rogers-Hixon says rebuilding broken family relationships is of the utmost importance. We encountered an issue signing you up. I think we will have a strong judge in British Columbia and I think the judge will see through this, Soliman said in an interview. And the decisions they make have huge consequences, not just for the bottom line, but for communities, cities, even entire countries. . Think of Bell or Telus, she said, referring to Rogers main competitors. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. Musk Made a Mess at Twitter. Its an obligation, a responsibility -- not only as a board member and a shareholder, but as a member of the family. Melinda Rogers-Hixon is a member of the board of directors of Rogers Communications Inc. since January 2002 and Deputy Chair since 2018, as well as Vice Chair of the Rogers Control Trust since 2008. Visit our Community Guidelines for more information and details on how to adjust your email settings. Dave Fuller? View Melinda Rogers' profile on LinkedIn, the world's largest professional community. 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. Subscribe now to read the latest news in your city and across Canada. We remain as duly elected members of the Rogers Communications Inc. Board and represent the majority of the Board members of the company. Read more about cookies here. 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. Rogers-Hixon, her sister, Martha Rogers, and her mother, Loretta Rogers all board members had wanted to stick with Joe Natale, the CEO since 2017. Edward wanted Tony Staffieri, the longtime chief financial officer. But it will be the largest and most complex deal Rogers Communications has ever done, assuming it can win approval from regulators. articles a month for anyone to read, even non-subscribers! 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The next issue of Financial Post Top Stories will soon be in your inbox. Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. 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. Net Worth:$11.57 billion( 26.9% from 2017) Rich 100 rank: #4. Theres a new head of the cable division, Robert Depatie, until recently a director who aligned himself with Edward Rogers in the boardroom battle. Melinda Rogers-Hixon wants peace -- within her family and inside the boardroom of Canadas largest wireless and cable company. 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. Visit our Community Guidelines for more information and details on how to adjust your email settings. Location: Toronto. Melinda Rogers-Hixon, deputy chair of Rogers Communications Inc., at her home in Toronto. The Toronto-based telecommunications company said the group is made up of three directors, including Edwards sister Melinda Rogers-Hixon. A month ago, after prevailing in court, Edward and his board allies installed Staffieri, officially on an interim basis. Melinda Hixon is Deputy Chairman of the Board of Rogers Communication. In her first interview since the Rogers board debacle earlier this year, Melinda Rogers-Hixon says rebuilding broken family relationships is of the utmost importance. And as a daughter of my fathers.. 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 next issue of Financial Post Top Stories will soon be in your inbox. In the meantime, the revolving door still spins at the companys headquarters in Toronto. All rights reserved. The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. Wait, so now you have a fifth, whos changing the strategy again, Rogers-Hixon said. 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. 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? All rights reserved. He was actually quite principled, and I think hed kick our ass, frankly, she said. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Rogers is currently in the process of acquiring Shaw, a broadcaster serving Western Canada. Mr. Rogers and his supporters, meanwhile, believe B.C. 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? No other group of individuals has any authority to purport to act as the Board of Directors of Rogers Communications Inc. 365 Bloor Street East, Toronto, Ontario, M4W 3L4. Melinda M. Rogers-Hixon. Unauthorized distribution, transmission or republication strictly prohibited. Think of Bell or Telus, she said, referring to Rogerss main competitors. We have enabled email notificationsyou will now receive an email if you receive a reply to your comment, there is an update to a comment thread you follow or if a user you follow comments. Hed be pissed.. She is the owner of the Loretta Anne yacht. Former CEO experience would be, frankly, very nice as well. Staffieri is a career finance executive who hasnt been a CEO before. Copyright 2023 Surperformance. Melinda Rogers-Hixon 1mo Report this post She was a role model to me and so many women. And not even six months of operating experience, she said. 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. Ms. Rogers was appointed a director of Rogers Bank on December 31, 2017. 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. If you are a Home delivery print subscriber, unlimited online access is. Edward Rogers cannot simply replace several board members at the company his father created with the stroke of a pen, according to the lawyer representing one of his sisters. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. She joined forces with other board members last month . Melinda Rogers-Hixon at her home in Toronto. She told The Globe and Mail that rebuilding relationships isnt only important for the family, but for the future of Rogers and its employees. 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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. 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. The more unstable we are, the harder it is for us to execute and the easier it is for them to outperform us.. Perched on a sofa inside her home in one of Toronto's most. For Rogers-Hixon, there appears to be lingering frustration about the way the events played out this fall. Avatar: The Way of Water uses crazy tech, but does it look better or worse? 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 . And for all the differences the two have had, never once, she says, did she doubt his intentions. There was an error, please provide a valid email address. Ms. Rogers-Hixon was appointed a director of Rogers Bank on December 31, 2017. 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. Theres a new head of the cable division, Robert Depatie, until recently a director who aligned himself with Edward Rogers in the boardroom battle. Ms. Rogers-Hixon has held progressively senior roles at Rogers Communications Inc. since joining the company in 2000. Age : 51. 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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That allowed him to unilaterally fire five directors whod opposed him. 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The oldest executive at Rogers Communications Inc. is Loretta Rogers, 80, who is the Director. There are 19 older and 1 younger executives at Rogers Communications. Lawyers representing the company, along with several Rogers family members including Loretta Rogers - Edwards mother and widow of the late Ted Rogers - insist the only way to remove a director from the corporate board is through a shareholder meeting. After all, she points out, they have an obligation to employees, customers and shareholders to do so. Terms of use. Ms. Rogers was awarded an honorary doctorate from Huron University College at Western University in November 2018. That committee included three people MacDonald, director John Clappison and Melinda Rogers-Hixon, Edward's sister. 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. Our founder, Ted Rogers, purchased his first radio station, CHFI, in 1960. Former CEO experience would be, frankly, very nice as well. Staffieri is a career finance executive who hasnt been a CEO before. Melinda Rogers is 49, she's been the Deputy Chairman of the Board of Rogers Communications since 2018. Her net worth is estimated to be $8 billion. Also Read: Who is Henry Lebron? Public asset : 54,348,805 USD. . The deal was the subject of a hearing with the Canadian Radio-television and Telecommunications Commission (CRTC) last week. There are 10 executives at Rogers Communications getting paid more, with JosephNatale having the highest compensation of $11,704,000. Oh my god, hes worth his weight in gold, Rogers-Hixon said. We will stand behind each and every commitment made by our team today. 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. 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 favour. 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. Change in rank from 2017: No change. What followed was an extraordinary series of events that transfixed corporate Canada. Loretta Rogers, the company matriarch, moved a motion to remove her own son as chairman of Rogers Communications. Edward Rogers, chairman of Rogers Communications Inc., attends a Canadian Radio-Television And Telecommunications Commission (CRTC) hearing in Gatineau, Quebec, in November. The conflict isnt personal, she said. If you are a Home delivery print subscriber, unlimited online access is. 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. noise ordinance hopatcong, nj, southwest flight status pvd,