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 has 1 job listed on their profile. 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. Wireless head Dave Fuller is a Natale protege who has already stated publicly that he doesnt want to work for another CEO. 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. 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. Ms. Rogers-Hixon was appointed a director of Rogers Bank on December 31, 2017. We apologize, but this video has failed to load. 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. Melinda Rogers-Hixon, deputy chair of Rogers Communications Inc., at her home in Toronto. Comments may take up to an hour for moderation before appearing on the site. She joined forces with other board members last month . When Canadian carriers lock their doors, does it change the shopping experience? Melinda Rogers-Hixon is one of three directors on new panel, Third-quarter earnings match estimates; revenue is flat. Rogers-Hixon, her sister, mother, and numerous directors on the board were against the move; Rogers succeeded in the end. Think of Bell or Telus, she said, referring to Rogers main competitors. Edward Rogers, chairman of Rogers Communications Inc., attends a Canadian Radio-Television And Telecommunications Commission (CRTC) hearing in Gatineau, Quebec, in November. 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. This is their biggest dream. The next issue of Financial Post Top Stories will soon be in your inbox. 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. Perched on a sofa inside her home in one of Toronto's most. Most analysts expect Rogers to face a tough negotiation with Canadas competition body and the government before closing the deal sometime in 2022. If you are a Home delivery print subscriber, unlimited online access is. Rogers is currently in the process of acquiring Shaw, a broadcaster serving Western Canada. The conflict isnt personal, she said. If you are a Home delivery print subscriber, unlimited online access is. The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. 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 . She is the owner of the Loretta Anne yacht. About Rogers Rogers is a proud Canadian company dedicated to making more possible for Canadians each and every day. The Toronto-based telecommunications company said the group is made up of three directors, including Edward's sister Melinda Rogers-Hixon. 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. Edward wanted Tony Staffieri, the longtime chief financial officer. Edward wanted Tony Staffieri, the longtime chief financial officer. Terms of use. Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. 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. Melinda Rogers is 49, she's been the Deputy Chairman of the Board of Rogers Communications since 2018. TORONTO, Oct. 24, 2021 (GLOBE NEWSWIRE) We unequivocally support Joe Natale as CEO and support his management team. A month ago, after prevailing in court, Edward and his board allies installed Staffieri, officially on an interim basis. Its an obligation, a responsibility -- not only as a board member and a shareholder, but as a member of the family. 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. Public asset : 54,348,805 USD. In the meantime, the revolving door still spins at the companys headquarters in Toronto. For Rogers-Hixon, there appears to be lingering frustration about the way the events played out this fall. 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. Ms. Rogers-Hixon has held progressively senior roles at Rogers since joining the company in 2000. But important matters remain unresolved, including the top executive. Melinda Rogers-Hixon wants peace -- within her family and inside the boardroom of Canadas largest wireless and cable company. The daughter of the late Ted Rogers is a director at Rogers Communications. Please try again. Melinda Rogers-Hixon Deputy Chair & Director of the Board, Rogers Communications, Partner GTA Toronto . Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. 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. 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. . Edward wanted Tony Staffieri, the longtime chief financial officer. 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. melinda rogers hixon net worth. Ms. Rogers-Hixon serves on the board of Maple Leaf Sports and Entertainment and is Chair of Jays Care Foundation. Ms. Rogers has held progressively senior roles at Rogers since joining the company in 2000. This advertisement has not loaded yet, but your article continues below. All rights reserved. Executives from Rogers argued this merger was the best for Canadians as it would bring more options to the market and increase competition. That committee included three people MacDonald, director John Clappison and Melinda Rogers-Hixon, Edward's sister. Please try again. 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. 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. Rogers-Hixon confirmed she is speaking with her brother but the two have a lot to get through. 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. 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. Privacy. Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. 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. Subscribe now to read the latest news in your city and across Canada. 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. She was founder of Rogers . 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. She told The Globe and Mail that rebuilding relationships isnt only important for the family, but for the future of Rogers and its employees. Unauthorized distribution, transmission or republication strictly prohibited. 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. Recommended from Editorial 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. 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But it will be the largest and most complex deal Rogers Communications has ever done, assuming it can win approval from regulators. Moments in an interview revealed magnitude of fissures inside Rogers clan and how tricky repairing them will be. Former CEO experience would be, frankly, very nice as well. Staffieri is a career finance executive who hasnt been a CEO before. 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. Melinda Hixon is Deputy Chairman of the Board of Rogers Communication. If you don't see it, please check your junk folder. Ted Rogers, she said, would be appalled by recent developments. Theres a new head of the cable division, Robert Depatie, until recently a director who aligned himself with Edward Rogers in the boardroom battle. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. 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. 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. melinda.hixon@comcast.net melindahixon1290@yahoo.com melindahixon@alltel.net Current address 2547 Patterson Bridge . 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. Its founder, Ted Rogers, purchased his first radio station, CHFI, in 1960. If the only thing you know about sports is who wins and who loses, you are missing the highest stakes action of all. Melinda Rogers-Hixon at her home in Toronto. Read more about cookies here. In the meantime, the revolving door still spins at the companys headquarters in Toronto. "Think of Bell or Telus," she said, referring to. Its an obligation, a responsibility not only as a board member and a shareholder, but as a member of the family. Article content. And not even six months of operating experience, she said. 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. articles a month for anyone to read, even non-subscribers! 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. Melinda Rogers-Hixon 1mo Report this post She was a role model to me and so many women. As the Deputy Chairman of the Board of Rogers Communications, the total compensation of Melinda Rogers at Rogers Communications is $527,044. Rogers matriarch Loretta Rogers wielded a quiet power theglobeandmail.com . We will stand behind each and every commitment made by our team today. Ms. Rogers was awarded an honorary doctorate from Huron University College at Western University in November 2018. Ms. Rogers was appointed a director of Rogers Bank on December 31, 2017. 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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. Major company holdings: Rogers Communications. Ms. Rogers-Hixon has held progressively senior roles at Rogers since joining the company in 2000. Melinda Rogers-Hixon wants peace within her family and inside the boardroom of Canada's largest wireless and cable company. Visit our Community Guidelines for more information and details on how to adjust your email settings. 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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. 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. Loretta Rogers, the company matriarch, moved a motion to remove her own son as chairman of Rogers Communications. Rogers is a proud Canadian company dedicated to making more possible for Canadians each and every day. 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. 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. Oh my god, he's worth his weight in gold," Rogers-Hixon said. Hed be pissed.. 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. Aspects specifically relating to broadcasting were discussed. He was actually quite principled, and I think hed kick our ass, frankly, 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. 2023 Blue Ant Media Melinda Rogers-Hixon wants peace -- within her family and inside the boardroom of Canadas largest wireless and cable company. 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 believe that my brother wants to do whats right for the company, she said during a 90-minute interview. Thirteen years and youve had four heads of cable? The more unstable we are, the harder it is for us to execute and the easier it is for them to outperform us.. Rogers-Hixon told the Globe Natale was the best CEO the company had since her father. 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. 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.. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. Ms. Rogers-Hixon was appointed a director of Rogers Bank on December 31, 2017. If you don't see it, please check your junk folder. Oh my god, hes worth his weight in gold, Rogers-Hixon said. Comments may take up to an hour for moderation before appearing on the site. What followed was an extraordinary series of events that transfixed corporate Canada. Theres a new head of the cable division, Robert Depatie, until recently a director who aligned himself with Edward Rogers in the boardroom battle. Subscribe now to read the latest news in your city and across Canada. Will His AI Plans Be Any Different? The company is coming off its best third quarter in wireless in years. Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. I believe that my brother wants to do what's right for the company. The oldest executive at Rogers Communications Inc. is LorettaRogers, 80, who is the Director. 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. We ask you to keep your comments relevant and respectful. 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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 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. 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. 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. . Postmedia has not reviewed the content. Melinda M. Rogers-Hixon. Just like every other time we have appeared before you, we will always meet our obligations and our commitments, he said on the first day of the hearing. A month ago, after prevailing in court, Edward and his board allies installed Staffieri, officially on an interim basis. If the only thing you know about sports is who wins and who loses, you are missing the highest stakes action of all. The power struggle has died down for the moment, and family members speak to one another regularly, she said. Ms. Rogers serves on the board of Maple Leaf Sports and Entertainment and is Chair of Jays Care Foundation. And the decisions they make have huge consequences, not just for the bottom line, but for communities, cities, even entire countries.
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