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. 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 was awarded an honorary doctorate from Huron University College at Western University in November 2018. The Toronto-based telecommunications company said the group is made up of three directors, including Edward's sister Melinda Rogers-Hixon. 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. If you want to find out more about us, visit about.rogers.com. We encountered an issue signing you up. 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Please try again. And for all the differences the two have had, never once, she says, did she doubt his intentions. Please try again. Its an obligation, a responsibility -- not only as a board member and a shareholder, but as a member of the family. And not even six months of operating experience, she said. 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. 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. The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. Aspects specifically relating to broadcasting were discussed. She joined forces with other board members last month . Ms. Rogers serves on the board of Maple Leaf Sports and Entertainment and is Chair of Jays Care Foundation. 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. Wireless head Dave Fuller is a Natale protege who has already stated publicly that he doesnt want to work for another CEO. If you are a Home delivery print subscriber, unlimited online access is. Will His AI Plans Be Any Different? 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. 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. Subscribe now to read the latest news in your city and across Canada. And as a daughter of my fathers.. If the only thing you know about sports is who wins and who loses, you are missing the highest stakes action of all. 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. 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. 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. In the meantime, the revolving door still spins at the companys headquarters in Toronto. Rogers Board Taps Chairman's Sister Melinda to Manage His Talks With . Read more about cookies here. Melinda Rogers-Hixon on LinkedIn: Opinion: Let's take inspiration from Ms. Rogers-Hixon has held progressively senior roles at Rogers Communications Inc. since joining the company in 2000. He was actually quite principled, and I think hed kick our ass, frankly, she said. The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. All rights reserved. He was actually quite principled, and I think hed kick our ass, frankly, she 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. Article content. Melinda Rogers - Toronto Life 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. It says it will spend $1 billion on high-speed internet for remote places and another $2.5 billion to improve wireless networks in western Canada. Rogers matriarch Loretta Rogers wielded a quiet power theglobeandmail.com . Its founder, Ted Rogers, purchased his first radio station, CHFI, in 1960. The information you requested is not available at this time, please check back again soon. 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Melinda Rogers wants peace with her brother but deep rifts remain And as a daughter of my fathers.. The conflict isnt personal, she said. 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. 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 Age : 51. Rogers assured the CRTC drama surrounding the board wouldnt make its way into the merger. As the Deputy Chairman of the Board of Rogers Communications, the total compensation of Melinda Rogers at Rogers Communications is $527,044. Net Worth:$11.57 billion( 26.9% from 2017) Rich 100 rank: #4. Hed be pissed.. 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. 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. Musk Made a Mess at Twitter. The information you requested is not available at this time, please check back again soon. Melinda Rogers - Sr VP, Strategy & Development - LinkedIn Melinda Rogers-Hixon's Post - linkedin.com All rights reserved. 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. The company is coming off its best third quarter in wireless in years. Most recently, she was Founder of Rogers Venture Partners from 2011 to 2018. See the complete profile on LinkedIn and discover Melinda's connections and jobs at similar companies. Ms. Rogers-Hixon holds a B.A. Wait, so now you have a fifth, whos changing the strategy again, Rogers-Hixon said. That allowed him to unilaterally fire five directors whod opposed him. But it will be the largest and most complex deal Rogers Communications has ever done, assuming it can win approval from regulators. Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. Melinda Rogers-Hixon - Partner - Generation Transition Advisors - LinkedIn Hixon family - Forbes If you are a Home delivery print subscriber, unlimited online access is. 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. 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. . 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. Wait, so now you have a fifth, whos changing the strategy again, Rogers-Hixon said. 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. 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. 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. Ted Rogers, she said, would be appalled by recent developments. But important matters remain unresolved, including the top executive. Melinda Rogers is 49, she's been the Deputy Chairman of the Board of Rogers Communications since 2018. Melinda M. Rogers-Hixon - Rogers Investor Relations We ask you to keep your comments relevant and respectful. 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. Former CEO experience would be, frankly, very nice as well. Staffieri is a career finance executive who hasnt been a CEO before. Think of Bell or Telus, she said, referring to Rogerss main competitors. 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. 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 Rogers wants peace with her brother Edward, but deep rifts 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. Ms. Rogers was appointed a director of Rogers Bank on December 31, 2017. Melinda Rogers wants peace with brother Edward but deep - torontosun 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. Perched on a sofa inside her home in one of Toronto's most. My response to that is we have shareholder meetings for a reason. Most recently, she was Founder of Rogers Venture Partners from 2011 to 2018. 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. Dave Fuller? Most analysts expect Rogers to face a tough negotiation with Canadas competition body and the government before closing the deal sometime in 2022. There are 19 older and 1 younger executives at Rogers Communications. 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. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. The more unstable we are, the harder it is for us to execute and the easier it is for them to outperform us.. 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 1mo Report this post She was a role model to me and so many women. Ms. Rogers-Hixon was appointed a director of Rogers Bank on December 31, 2017. 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. Oh my god, hes worth his weight in gold, Rogers-Hixon said. Its an obligation, a responsibility not only as a board member and a shareholder, but as a member of the family. articles a month for anyone to read, even non-subscribers! Moments in an interview revealed magnitude of fissures inside Rogers clan and how tricky repairing them will be. 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. 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. Operating experience is a must for wireless companys CEO, Family has a duty to mend fences after battle, director says. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. There was an error, please provide a valid email address. Merging with Shaw was a dream held by her late father, company founder Ted Rogers. Edward wanted Tony Staffieri, the longtime chief financial officer. The more unstable we are, the harder it is for us to execute and the easier it is for them to outperform us.. After all, she points out, they have an obligation to employees, customers and shareholders to do so. No other group of individuals has any authority to purport to act as the Board of Directors of Rogers Communications Inc. 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. Executives from Rogers argued this merger was the best for Canadians as it would bring more options to the market and increase competition. 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. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. The next issue of Financial Post Top Stories will soon be in your inbox. A statement on behalf of Loretta Rogers, Melinda Rogers-Hixon, Martha Our founder, Ted Rogers, purchased his first radio station, CHFI, in 1960. Terms of use. Philanthropist and Rogers director, Loretta Rogers, dead at 83 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. A month ago, after prevailing in court, Edward and his board allies installed Staffieri, officially on an interim basis. We ask you to keep your comments relevant and respectful. 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. Rogers is currently in the process of acquiring Shaw, a broadcaster serving Western Canada. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. Natale was ousted and replaced by Rogers pick, Tony Staffieri, the companys chief financial officer. Public asset : 54,348,805 USD. 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 . Recommended from Editorial 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. The daughter of the late Ted Rogers is a director at Rogers Communications. 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. 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. Copyright 2023 Surperformance. 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. 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.. What followed was an extraordinary series of events that transfixed corporate Canada. Melinda Rogers-Hixon's Post. This advertisement has not loaded yet, but your article continues below. Musk Made a Mess at Twitter. The power struggle has died down for the moment, and family members speak to one another regularly, she said. 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. Major company holdings: Rogers Communications. Avatar: The Way of Water uses crazy tech, but does it look better or worse? For Rogers-Hixon, there appears to be lingering frustration about the way the events played out this fall. After all, she points out, they have an obligation to employees, customers and shareholders to do so. melinda.hixon@comcast.net melindahixon1290@yahoo.com melindahixon@alltel.net Current address 2547 Patterson Bridge . Rogers is a proud Canadian company dedicated to making more possible for Canadians each and every day.
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