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We ask you to keep your comments relevant and respectful. But it will be the largest and most complex deal Rogers Communications has ever done, assuming it can win approval from regulators. View Melinda Rogers' profile on LinkedIn, the world's largest professional community. Rogers is a proud Canadian company dedicated to making more possible for Canadians each and every day. For more information:media@rci.rogers.com1-844-226-1338. And the decisions they make have huge consequences, not just for the bottom line, but for communities, cities, even entire countries. Melinda Rogers-Hixon's Post. 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. If you are a Home delivery print subscriber, unlimited online access is. Former CEO experience would be, frankly, very nice as well. Staffieri is a career finance executive who hasnt been a CEO before. Edward Rogers, chairman of Rogers Communications Inc., attends a Canadian Radio-Television And Telecommunications Commission (CRTC) hearing in Gatineau, Quebec, in November. Location: Toronto. Oh my god, he's worth his weight in gold," 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. He believed Natales performance wasnt up to par. Loretta Rogers, the company matriarch, moved a motion to remove her own son as chairman of Rogers Communications. That allowed him to unilaterally fire five directors whod opposed him. And for all the differences the two have had, never once, she says, did she doubt his intentions. Oh my god, hes worth his weight in gold, Rogers-Hixon said. 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. 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. 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. 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. 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. 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. The conflict isnt personal, she said. Visit our Community Guidelines for more information and details on how to adjust your email settings. Hed be pissed., Brendan Caldwell's Top Picks: March 1, 2023, {{data.symbol | reutersRICLabelFormat:group.RICS}}, {{ stock | formatPrefix }}{{ stock.netChng | formatNetChange }}, Rogers rejects rivals' criticism on Shaw deal, offers concessions, Rogers tells CRTC Shaw deal will enhance competition, Rogers steep share discount shows what new CEO is up against. 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. Ms. Rogers was appointed a director of Rogers Bank on December 31, 2017. Unauthorized distribution, transmission or republication strictly prohibited. Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. 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. Please try again. Rogers matriarch Loretta Rogers wielded a quiet power theglobeandmail.com . The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. TORONTO, Oct. 24, 2021 (GLOBE NEWSWIRE) We unequivocally support Joe Natale as CEO and support his management team. My response to that is we have shareholder meetings for a reason. The company is coming off its best third quarter in wireless in years. And as a daughter of my fathers.. Linked companies : Rogers Communications Inc. - Bombardier Inc. Summary. No other group of individuals has any authority to purport to act as the Board of Directors of Rogers Communications Inc. But it will be the largest and most complex deal Rogers Communications has ever done, assuming it can win approval from regulators. Aspects specifically relating to broadcasting were discussed. Dave Fuller? What followed was an extraordinary series of events that transfixed corporate Canada. What followed was an extraordinary series of events that transfixed corporate Canada. If you don't see it, please check your junk folder. Theres a new head of the cable division, Robert Depatie, until recently a director who aligned himself with Edward Rogers in the boardroom battle. Sign-up for MobileSyrup news sent straight to your inbox. Will His AI Plans Be Any Different? And for all the differences the two have had, never once, she says, did she doubt his intentions. The oldest executive at Rogers Communications Inc. is Loretta Rogers, 80, who is the Director. Melinda has 1 job listed on their profile. Melinda Rogers-Hixon wants peace within her family and inside the boardroom of Canada's largest wireless and cable company. 2023 Blue Ant Media Natale was ousted and replaced by Rogers pick, Tony Staffieri, the companys chief financial officer. She was founder of Rogers . Also Read: Who is Henry Lebron? 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. Last updated: 1 February 2023 at 11:00am EST. The information you requested is not available at this time, please check back again soon. Wireless head Dave Fuller is a Natale protege who has already stated publicly that he doesnt want to work for another CEO. Merging with Shaw was a dream held by her late father, company founder Ted Rogers. Melinda Rogers-Hixon is one of three directors on new panel, Third-quarter earnings match estimates; revenue is flat. The more unstable we are, the harder it is for us to execute and the easier it is for them to outperform us.. 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. 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. 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. Loretta Rogers, the company matriarch, moved a motion to remove her own son as chairman of Rogers Communications. Perched on a sofa inside her home in one of Toronto's most. Melinda Rogers-Hixon wants peace within her family and inside the boardroom of Canadas largest wireless and cable company. 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. Wait, so now you have a fifth, whos changing the strategy again, Rogers-Hixon said. Ms. Rogers holds a B.A. Rogers-Hixon, her sister, mother, and numerous directors on the board were against the move; Rogers succeeded in the end. As the Deputy Chairman of the Board of Rogers Communications, the total compensation of Melinda Rogers at Rogers Communications is $527,044. 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 . If at any time, somebody had the majority of votes in connection with a company and were able to just sign a piece of paper and replace the independent directors then we would never have shareholder meetings., Soliman said Mr. Rogers actions were not leader-like behaviour and it needs to be shut down and I expect the courts will shut this down., Shares in Rogers Communications fell as much as 6.2 per cent in early trading on Monday as investors reacted to the turmoil. Melinda Rogers-Hixon wants peace -- within her family and inside the boardroom of Canadas largest wireless and cable company. Edward wanted Tony Staffieri, the longtime chief financial officer. Ms. Rogers serves on the board of Maple Leaf Sports and Entertainment and is Chair of Jays Care Foundation. All rights reserved. Story continues below Perched on a sofa inside her home in one of Toronto's most upscale neighbourhoods, the heiress of the Rogers Communications Inc. empire is working hard to project an air of calm diplomacy. 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. The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. We encountered an issue signing you up. 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. A month ago, after prevailing in court, Edward and his board allies installed Staffieri, officially on an interim basis. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. Former CEO experience would be, frankly, very nice as well. Staffieri is a career finance executive who hasnt been a CEO before. 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? Read more about cookies here. 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. There are 19 older and 1 younger executives at Rogers Communications. Will His AI Plans Be Any Different? Unauthorized distribution, transmission or republication strictly prohibited. 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. Oh my god, hes worth his weight in gold, Rogers-Hixon said. articles a month for anyone to read, even non-subscribers! See the complete profile on LinkedIn and discover Melinda's connections and jobs at similar companies. 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. 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. Most analysts expect Rogers to face a tough negotiation with Canadas competition body and the government before closing the deal sometime in 2022. This advertisement has not loaded yet, but your article continues below. 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.. Our founder, Ted Rogers, purchased his first radio station, CHFI, in 1960. Melinda Mary Rogers serves as Deputy Chairman of the Board of the Company. The deal was the subject of a hearing with the Canadian Radio-television and Telecommunications Commission (CRTC) last week. 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. 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. 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. If you want to find out more about us, visit about.rogers.com. Comments may take up to an hour for moderation before appearing on the site. Most recently, she was Founder of Rogers Venture Partners from 2011 to 2018. Major company holdings: Rogers Communications. melinda rogers hixon net worth. Musk Made a Mess at Twitter. The next issue of Financial Post Top Stories will soon be in your inbox. Rogers is currently in the process of acquiring Shaw, a broadcaster serving Western Canada. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. I believe that my brother wants to do whats right for the company, she said during a 90-minute interview. That committee included three people MacDonald, director John Clappison and Melinda Rogers-Hixon, Edward's sister. Subscribe now to read the latest news in your city and across Canada. 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. 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. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. 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. There was an error, please provide a valid email address. 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. We remain as duly elected members of the Rogers Communications Inc. Board and represent the majority of the Board members of the company. Melinda M. Rogers-Hixon. If you are a Home delivery print subscriber, unlimited online access is. 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. Ms. Rogers-Hixon serves on the board of Maple Leaf Sports and Entertainment and is Chair of Jays Care Foundation. 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. Rogers-Hixon told the Globe Natale was the best CEO the company had since her father. 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. Create an account or sign in to continue with your reading experience. 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. Visit our Community Guidelines for more information and details on how to adjust your email settings. 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. Melinda Rogers is 49, she's been the Deputy Chairman of the Board of Rogers Communications since 2018. 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. Hed be pissed.. When Canadian carriers lock their doors, does it change the shopping experience? Executives from Rogers argued this merger was the best for Canadians as it would bring more options to the market and increase competition. 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. 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. Net Worth:$11.57 billion( 26.9% from 2017) Rich 100 rank: #4. That allowed him to unilaterally fire five directors whod opposed him. Comments may take up to an hour for moderation before appearing on the site. We along with the Management continue to work tirelessly on behalf of all stakeholders including customers, employees, and shareholders. Privacy. The familys strained relationship has been in the public eye for months when her brother, Edward Rogers, attempted to oust former CEO Joe Natale, without bringing the matter to the board. 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. The Toronto-based telecommunications company said the group is made up of three directors, including Edward's sister Melinda Rogers-Hixon. Age, Boxer Wiki, Family, Net worth, Biography Everything about Education Rogers graduated from the University of Miami with a Bachelor of Fine Arts degree. Melinda Rogers is 49, she's been the Deputy Chairman of the Board of Rogers Communications since 2018. The power struggle has died down for the moment, and family members speak to one another regularly, she said. The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. Change in rank from 2017: No change. And not even six months of operating experience, she said. Ms. Rogers-Hixon has held progressively senior roles at Rogers since joining the company in 2000. Melinda Rogers-Hixon, deputy chair of Rogers Communications Inc., at her home in Toronto. Melinda Rogers-Hixon wants peace -- within her family and inside the boardroom of Canadas largest wireless and cable company. We ask you to keep your comments relevant and respectful. 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. Terms of use. The conflict isnt personal, she said. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. . 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. Melinda Rogers-Hixon Deputy Chair & Director of the Board, Rogers Communications, Partner GTA Toronto, Ontario, Canada 4K followers 500+ connections Join to follow Generation Transition. There are 19 older and 1 younger executives at Rogers Communications. Its founder, Ted Rogers, purchased his first radio station, CHFI, in 1960. Dave Fuller? Operating experience is a must for wireless companys CEO, Family has a duty to mend fences after battle, director says. I believe that my brother wants to do what's right for the company. 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. I find it quite regrettable.. Thirteen years and youve had four heads of cable? 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.