Postmedia has not reviewed the content. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. Last updated: 1 February 2023 at 11:00am EST. Our founder, Ted Rogers, purchased his first radio station, CHFI, in 1960. 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. Create an account or sign in to continue with your reading experience. Copyright 2023 Surperformance. 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. 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. Rogers is currently in the process of acquiring Shaw, a broadcaster serving Western Canada. Major company holdings: Rogers Communications. Read more about cookies here. He was actually quite principled, and I think hed kick our ass, frankly, she said. 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. That allowed him to unilaterally fire five directors whod opposed him. The company is coming off its best third quarter in wireless in years. 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. Former CEO experience would be, frankly, very nice as well. Staffieri is a career finance executive who hasnt been a CEO before. . Unauthorized distribution, transmission or republication strictly prohibited. Edward wanted Tony Staffieri, the longtime chief financial officer. About RogersRogers is a proud Canadian company dedicated to making more possible for Canadians each and every day. There was an error, please provide a valid email address. The power struggle has died down for the moment, and family members speak to one another regularly, she said. 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. For Rogers-Hixon, there appears to be lingering frustration about the way the events played out this fall. 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. 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. Rogers Communications Inc. has created a committee to set the rules for how Chairman Edward Rogers can interact with senior executives after he tried and failed to fire Chief Executive Officer Joe Natale. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. If you are a Home delivery print subscriber, unlimited online access is. 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. No other group of individuals has any authority to purport to act as the Board of Directors of Rogers Comm TORONTO, Oct. 24, 2021 (GLOBE NEWSWIRE) -- We unequivocally support Joe Natale as CEO and . Melinda Rogers-Hixon is one of three directors on new panel, Third-quarter earnings match estimates; revenue is flat. See the complete profile on LinkedIn and discover Melinda's connections and jobs at similar companies. There are 10 executives at Rogers Communications getting paid more, with JosephNatale having the highest compensation of $11,704,000. Melinda Rogers wants peace with brother Edward but deep - torontosun 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. 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. And for all the differences the two have had, never once, she says, did she doubt his intentions. 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. Rogers assured the CRTC drama surrounding the board wouldnt make its way into the merger. Unauthorized distribution, transmission or republication strictly prohibited. Natale was ousted and replaced by Rogers pick, Tony Staffieri, the companys chief financial officer. 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. 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. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. The oldest executive at Rogers Communications Inc. is LorettaRogers, 80, who is the Director. Ms. Rogers-Hixon has held progressively senior roles at Rogers since joining the company in 2000. 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. What followed was an extraordinary series of events that transfixed corporate Canada. Aspects specifically relating to broadcasting were discussed. Former CEO experience would be, frankly, very nice as well. Staffieri is a career finance executive who hasnt been a CEO before. Musk Made a Mess at Twitter. 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. This advertisement has not loaded yet, but your article continues below. Oh my god, hes worth his weight in gold, Rogers-Hixon said. Change in rank from 2017: No change. A month ago, after prevailing in court, Edward and his board allies installed Staffieri, officially on an interim basis. Will His AI Plans Be Any Different? The power struggle has died down for the moment, and family members speak to one another regularly, she said. There are 19 older and 1 younger executives at Rogers Communications. About Rogers Rogers is a proud Canadian company dedicated to making more possible for Canadians each and every day. Terms of use. Melinda Rogers - Sr VP, Strategy & Development - LinkedIn Rogers Communications executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. 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 wants to move past the family drama - MobileSyrup Age, Boxer Wiki, Family, Net worth, Biography Everything about Education Rogers graduated from the University of Miami with a Bachelor of Fine Arts degree. The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. Melinda M. Rogers-Hixon. And the decisions they make have huge consequences, not just for the bottom line, but for communities, cities, even entire countries. 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 is Chairman at Jays Care Foundation, Director-Governing Council at the University of Toronto and Member-Governors Board at Huron University . TORONTO, Oct. 24, 2021 (GLOBE NEWSWIRE) We unequivocally support Joe Natale as CEO and support his management team. Russia's war on Ukraine latest: Putin casts war as battle for nation's survival, India FM Jaishankar says Soros dangerous, debate needed on democracy, Buffett's Berkshire profit falls on investments, currencies, Bill Gates buys Heineken stake, despite saying he's 'not a big beer drinker', Elon Musk recruits team to develop OpenAI rival - The Information, Hedge fund manager Chris Hohn demands Airbus drop Atos deal - letter, Elon Musk's challenge: Stay ahead of the competition, ISS urges Apple shareholders to vote for CEO Tim Cook, other execs' pay packages, Elon Musk accuses media of racism after newspapers drop 'Dilbert' cartoon, French media billionaire Niel fails with bid for TNT television frequence - Arcom, DREAM OFFICE REAL ESTATE INVESTMENT TRUST, DREAM INDUSTRIAL REAL ESTATE INVESTMENT TRUST. Ted Rogers, she said, would be appalled by recent developments. 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. Wireless head Dave Fuller is a Natale protege who has already stated publicly that he doesnt want to work for another CEO. The information you requested is not available at this time, please check back again soon. He brought us the Shaw deal thats no small feat, she said. Wait, so now you have a fifth, whos changing the strategy again, Rogers-Hixon said. The more unstable we are, the harder it is for us to execute and the easier it is for them to outperform us.. When Canadian carriers lock their doors, does it change the shopping experience? She joined forces with other board members last month to block the move to replace Natale with Chief Financial Officer Tony Staffieri. For more information:media@rci.rogers.com1-844-226-1338. We apologize, but this video has failed to load. Ms. Rogers-Hixon was appointed a director of Rogers Bank on December 31, 2017. A statement on behalf of Loretta Rogers, Melinda Rogers-Hixon, Martha . The next issue of Financial Post Top Stories will soon be in your inbox. The Toronto-based telecommunications company said the group is made up of three directors, including Edward's sister Melinda Rogers-Hixon. melinda.hixon@comcast.net melindahixon1290@yahoo.com melindahixon@alltel.net Current address 2547 Patterson Bridge . Our board, our management team, and I are totally committed to this deal. Edward wanted Tony Staffieri, the longtime chief financial officer. The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. 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. 2023 Blue Ant Media articles a month for anyone to read, even non-subscribers! 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. Hed be pissed.. Rogers-Hixon told the Globe Natale was the best CEO the company had since her father. articles a month for anyone to read, even non-subscribers! Perched on a sofa inside her home in one of Toronto's most. Ms. Rogers-Hixon was appointed a director of Rogers Bank on December 31, 2017. The more unstable we are, the harder it is for us to execute and the easier it is for them to outperform us.. Melinda Rogers Net Worth (2023) | wallmine CA Will His AI Plans Be Any Different? 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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 chair position, was beyond his authority. Melinda Rogers-Hixon Deputy Chair & Director of the Board, Rogers Communications, Partner GTA Toronto . Loretta Rogers, the company matriarch, moved a motion to remove her own son as chairman of Rogers Communications. The next issue of Financial Post Top Stories will soon be in your inbox. After all, she points out, they have an obligation to employees, customers and shareholders to do so. Executives from Rogers argued this merger was the best for Canadians as it would bring more options to the market and increase competition. Subscribe now to read the latest news in your city and across Canada. Merging with Shaw was a dream held by her late father, company founder Ted Rogers. Thirteen years and youve had four heads of cable? 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. connected my love of Kyoto with a grand, emotional samurai story, Made in Canada Project Arrow EV concept rolls out on tour, Game designer on intersectionality and increasing Black representation in gaming, New EV Test Track re-energizes the Canadian International Auto Show, Heres whats next in the Rogers and Shaw saga, Canadian carriers end the year with plans a little pricier than before, CRTC chair Ian Scott isnt leaving a legacy behind. 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. There are 19 older and 1 younger executives at Rogers Communications. 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). Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. This advertisement has not loaded yet, but your article continues below. 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. We ask you to keep your comments relevant and respectful. 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. Linked companies : Rogers Communications Inc. - Bombardier Inc. Summary. Melinda Hixon's Instagram, Twitter & Facebook on IDCrawl 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. Philanthropist and Rogers director, Loretta Rogers, dead at 83 But it will be the largest and most complex deal Rogers Communications has ever done, assuming it can win approval from regulators. She joined forces with other board members last month . 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. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. Theres a new head of the cable division, Robert Depatie, until recently a director who aligned himself with Edward Rogers in the boardroom battle. We apologize, but this video has failed to load. In the meantime, the revolving door still spins at the companys headquarters in Toronto. Net Worth:$11.57 billion( 26.9% from 2017) Rich 100 rank: #4. Please try again. Wireless head Dave Fuller is a Natale protege who has already stated publicly that he doesnt want to work for another CEO. Theres a new head of the cable division, Robert Depatie, until recently a director who aligned himself with Edward Rogers in the boardroom battle. He was actually quite principled, and I think hed kick our ass, frankly, she said. We ask you to keep your comments relevant and respectful. The oldest executive at Rogers Communications Inc. is Loretta Rogers, 80, who is the Director. No other group of individuals has any authority to purport to act as the Board of Directors of Rogers Communications Inc. 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. Ms. Rogers-Hixon holds a B.A. 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. Melinda M. Rogers-Hixon 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. 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 conflict isnt personal, she said. Ms. Rogers was awarded an honorary doctorate from Huron University College at Western University in November 2018. 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. MacDonald, John Clappison, David Peterson, Bonnie Brooks, and Ellis Jacob, 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, 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. Visit our Community Guidelines for more information and details on how to adjust your email settings. 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. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. 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. Rogers-Hixon confirmed she is speaking with her brother but the two have a lot to get through. Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. 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. But it will be the largest and most complex deal Rogers Communications has ever done, assuming it can win approval from regulators. If you don't see it, please check your junk folder. Melinda Rogers-Hixon wants peace within her family and inside the boardroom of Canadas largest wireless and cable company. Sign-up for MobileSyrup news sent straight to your inbox. Also Read: Who is Henry Lebron? Melinda Rogers wants peace with her brother but deep rifts remain Ms. Rogers-Hixon serves on the board of Maple Leaf Sports and Entertainment and is Chair of Jays Care Foundation. Melinda Rogers - Toronto Life But important matters remain unresolved, including the top executive. Melinda Rogers-Hixon wants peace within her family and inside the boardroom of Canada's largest wireless and cable company. 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. Visit our Community Guidelines for more information and details on how to adjust your email settings. After all, she points out, they have an obligation to employees, customers and shareholders to do so. A statement on behalf of Loretta Rogers, Melinda Rogers-Hixon, Martha
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