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. Rogers assured the CRTC drama surrounding the board wouldnt make its way into the merger. The deal was the subject of a hearing with the Canadian Radio-television and Telecommunications Commission (CRTC) last week. 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. There was an error, please provide a valid email address. I believe that my brother wants to do whats right for the company, she said during a 90-minute interview. Ted Rogers, she said, would be appalled by recent developments. Subscribe now to read the latest news in your city and across Canada. Perched on a sofa inside her home in one of Toronto's most. When Canadian carriers lock their doors, does it change the shopping experience? Edward wanted Tony Staffieri, the longtime chief financial officer. Melinda Rogers-Hixon at her home in Toronto. Former CEO experience would be, frankly, very nice as well. Staffieri is a career finance executive who hasnt been a CEO before. 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. We ask you to keep your comments relevant and respectful. 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. 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. 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. Copyright 2023 Surperformance. 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. Age, Boxer Wiki, Family, Net worth, Biography Everything about Education Rogers graduated from the University of Miami with a Bachelor of Fine Arts degree. Unauthorized distribution, transmission or republication strictly prohibited. Dave Fuller? Thirteen years and youve had four heads of cable? 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. The power struggle has died down for the moment, and family members speak to one another regularly, she said. Executives from Rogers argued this merger was the best for Canadians as it would bring more options to the market and increase competition. Please try again. My response to that is we have shareholder meetings for a reason. After all, she points out, they have an obligation to employees, customers and shareholders to do so. Age : 51. Recommended from Editorial 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. The more unstable we are, the harder it is for us to execute and the easier it is for them to outperform us.. 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. Terms of use. Public asset : 54,348,805 USD. 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. 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 Also Read: Who is Henry Lebron? 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. Edward Rogers, chairman of Rogers Communications Inc., attends a Canadian Radio-Television And Telecommunications Commission (CRTC) hearing in Gatineau, Quebec, in November. Melinda Rogers-Hixon 1mo Report this post She was a role model to me and so many women. 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. Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. Wireless head Dave Fuller is a Natale protege who has already stated publicly that he doesnt want to work for another CEO. Ms. Rogers has held progressively senior roles at Rogers since joining the company in 2000. 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? Rogers-Hixon confirmed she is speaking with her brother but the two have a lot to get through. Moments in an interview revealed magnitude of fissures inside Rogers clan and how tricky repairing them will be. 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. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. If you don't see it, please check your junk folder. The oldest executive at Rogers Communications Inc. is Loretta Rogers, 80, who is the Director. 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. 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. 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. 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. No other group of individuals has any authority to purport to act as the Board of Directors of Rogers Communications Inc. Wireless head Dave Fuller is a Natale protege who has already stated publicly that he doesnt want to work for another CEO. Melinda Rogers-Hixon Deputy Chair & Director of the Board, Rogers Communications, Partner GTA Toronto . 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. 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. Comments may take up to an hour for moderation before appearing on the site. Rogers is a proud Canadian company dedicated to making more possible for Canadians each and every day. Ms. Rogers-Hixon was appointed a director of Rogers Bank on December 31, 2017. She is the owner of the Loretta Anne yacht. Melinda M. Rogers-Hixon. Visit our Community Guidelines for more information and details on how to adjust your email settings. 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. 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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 don't see it, please check your junk folder. As the Deputy Chairman of the Board of Rogers Communications, the total compensation of Melinda Rogers at Rogers Communications is $527,044. I believe that my brother wants to do what's right for the company. The daughter of the late Ted Rogers is a director at Rogers Communications. 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. Rogers-Hixon told the Globe Natale was the best CEO the company had since her father. The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. . 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. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. The company is coming off its best third quarter in wireless in years. 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. All rights reserved. We will stand behind each and every commitment made by our team today. Melinda Hixon corporate profile, background and performance evaluation including other Rogers Communication executives . Most analysts expect Rogers to face a tough negotiation with Canadas competition body and the government before closing the deal sometime in 2022. The more unstable we are, the harder it is for us to execute and the easier it is for them to outperform us.. from the University of Western Ontario and a M.B.A. from Joseph L. Rotman School of Management at the University of Toronto. Subscribe now to read the latest news in your city and across Canada. Ms. Rogers-Hixon has held progressively senior roles at Rogers Communications Inc. since joining the company in 2000. 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 encountered an issue signing you up. 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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. Create an account or sign in to continue with your reading experience. 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. That committee included three people MacDonald, director John Clappison and Melinda Rogers-Hixon, Edward's sister. melinda rogers hixon net worth. After all, she points out, they have an obligation to employees, customers and shareholders to do so. 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