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. Read more about cookies here. The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. . Rogers assured the CRTC drama surrounding the board wouldnt make its way into the merger. 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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. Thirteen years and youve had four heads of cable? Terms of use. 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. articles a month for anyone to read, even non-subscribers! 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. All rights reserved. Its an obligation, a responsibility -- not only as a board member and a shareholder, but as a member of the family. Melinda Rogers-Hixon at her home in Toronto. 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. Melinda Rogers-Hixon, deputy chair of Rogers Communications Inc., at her home in Toronto. 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. Musk Made a Mess at Twitter. 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. I believe that my brother wants to do what's right for the company. 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. 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-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. In the meantime, the revolving door still spins at the companys headquarters in Toronto. The company is coming off its best third quarter in wireless in years. Executives from Rogers argued this merger was the best for Canadians as it would bring more options to the market and increase competition. Rogers-Hixon told the Globe Natale was the best CEO the company had since her father. But it will be the largest and most complex deal Rogers Communications has ever done, assuming it can win approval from regulators. If you are a Home delivery print subscriber, unlimited online access is. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Melinda Rogers - Toronto Life By continuing to use our site, you agree to our Terms of Service and Privacy Policy. If you don't see it, please check your junk folder. melinda rogers hixon net worth. Melinda Rogers-Hixon's Post - linkedin.com A month ago, after prevailing in court, Edward and his board allies installed Staffieri, officially on an interim basis. 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 . 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. 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. But important matters remain unresolved, including the top executive. 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. 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 remain as duly elected members of the Rogers Communications Inc. Board and represent the majority of the Board members of the company. Merging with Shaw was a dream held by her late father, company founder Ted Rogers. Melinda Rogers-Hixon's Post. The deal was the subject of a hearing with the Canadian Radio-television and Telecommunications Commission (CRTC) last week. Linked companies : Rogers Communications Inc. - Bombardier Inc. Summary. . 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. Melinda Rogers-Hixon at her home in Toronto. Avatar: The Way of Water uses crazy tech, but does it look better or worse? The Toronto-based telecommunications company said the group is made up of three directors, including Edward's sister Melinda Rogers-Hixon. 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Wait, so now you have a fifth, whos changing the strategy again, Rogers-Hixon said. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Melinda has 1 job listed on their profile. Mr. Rogers and his supporters, meanwhile, believe B.C. 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. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. Rogers is currently in the process of acquiring Shaw, a broadcaster serving Western Canada. 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. If you are a Home delivery print subscriber, unlimited online access is. No other group of individuals has any authority to purport to act as the Board of Directors of Rogers Communications Inc. 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. Loretta Rogers, the company matriarch, moved a motion to remove her own son as chairman of Rogers Communications. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. All rights reserved. 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. Visit our Community Guidelines for more information and details on how to adjust your email settings. 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. Ms. Rogers-Hixon has held progressively senior roles at Rogers since joining the company in 2000. Edward wanted Tony Staffieri, the longtime chief financial officer. 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. Ted Rogers, she said, would be appalled by recent developments. This is their biggest dream. 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. Change in rank from 2017: No change. Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. He was actually quite principled, and I think hed kick our ass, frankly, she said. . 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.. Melinda Rogers wants peace with brother Edward but deep - torontosun Melinda Rogers-Hixon 1mo Report this post She was a role model to me and so many women. Wireless head Dave Fuller is a Natale protege who has already stated publicly that he doesnt want to work for another CEO. 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. 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. Former CEO experience would be, frankly, very nice as well. Staffieri is a career finance executive who hasnt been a CEO before. The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Visit our Community Guidelines for more information and details on how to adjust your email settings. Melinda Rogers-Hixon wants peace -- within her family and inside the boardroom of Canada's largest wireless and cable company. Create an account or sign in to continue with your reading experience. Also Read: Who is Henry Lebron? Rogers rift takes new twist as both family factions claim control of I believe that my brother wants to do whats right for the company, she said during a 90-minute interview. After all, she points out, they have an obligation to employees, customers and shareholders to do so. Wireless head Dave Fuller is a Natale protege who has already stated publicly that he doesnt want to work for another CEO. 'We'll spend every penny,' Rogers sister warns amid family war This is their biggest dream. Thirteen years and youve had four heads of cable? Ms. Rogers was awarded an honorary doctorate from Huron University College at Western University in November 2018. Merging with Shaw was a dream held by her late father, company founder Ted Rogers. The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. 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. Perched on a sofa inside her home in one of Toronto's most. There was an error, please provide a valid email address. Melinda Rogers-Hixon - Partner - Generation Transition Advisors - LinkedIn Postmedia has not reviewed the content. 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. 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. 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. And as a daughter of my fathers.. 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. Unauthorized distribution, transmission or republication strictly prohibited. Melinda Mary Rogers serves as Deputy Chairman of the Board of the Company. Former CEO experience would be, frankly, very nice as well. Staffieri is a career finance executive who hasnt been a CEO before. Our founder, Ted Rogers, purchased his first radio station, CHFI, in 1960. Subscribe now to read the latest news in your city and across Canada. 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. Theres a new head of the cable division, Robert Depatie, until recently a director who aligned himself with Edward Rogers in the boardroom battle. Unauthorized distribution, transmission or republication strictly prohibited. The information you requested is not available at this time, please check back again soon. That allowed him to unilaterally fire five directors whod opposed him. A statement on behalf of Loretta Rogers, Melinda Rogers-Hixon, Martha 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. She is Chairman at Jays Care Foundation, Director-Governing Council at the University of Toronto and Member-Governors Board at Huron University . 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 - Sr VP, Strategy & Development - LinkedIn Philanthropist and Rogers director, Loretta Rogers, dead at 83 Its founder, Ted Rogers, purchased his first radio station, CHFI, in 1960. Most analysts expect Rogers to face a tough negotiation with Canadas competition body and the government before closing the deal sometime in 2022. Melinda Rogers-Hixon wants peace within her family and inside the boardroom of Canadas largest wireless and cable company. 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. How old is Melinda Rogers? Melinda M. Rogers-Hixon - Biography - MarketScreener Dave Fuller? 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). She joined forces with other board members last month to block the move to replace Natale with Chief Financial Officer Tony Staffieri. 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.
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