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 is currently in the process of acquiring Shaw, a broadcaster serving Western 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. We apologize, but this video has failed to load. 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. 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. 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. Wireless head Dave Fuller is a Natale protege who has already stated publicly that he doesnt want to work for another CEO. 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. Oh my god, he's worth his weight in gold," Rogers-Hixon said. Create an account or sign in to continue with your reading experience. 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. 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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. Public asset : 54,348,805 USD. That allowed him to unilaterally fire five directors whod opposed him. Melinda Rogers-Hixon wants peace -- within her family and inside the boardroom of Canadas largest wireless and cable company. If you are a Home delivery print subscriber, unlimited online access is. . Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. The information you requested is not available at this time, please check back again soon. 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. 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. 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. Hed be pissed.. Most recently, she was Founder of Rogers Venture Partners from 2011 to 2018. 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. TORONTO, Oct. 24, 2021 (GLOBE NEWSWIRE) We unequivocally support Joe Natale as CEO and support his management team. The information you requested is not available at this time, please check back again soon. 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. Sign-up for MobileSyrup news sent straight to your inbox. She is the owner of the Loretta Anne yacht. A month ago, after prevailing in court, Edward and his board allies installed Staffieri, officially on an interim basis. Natale was ousted and replaced by Rogers pick, Tony Staffieri, the companys chief financial officer. 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. 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 . The Toronto-based telecommunications company said the group is made up of three directors, including Edward's sister Melinda Rogers-Hixon. 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. . Melinda has 1 job listed on their profile. This is their biggest dream. 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. Its an obligation, a responsibility -- not only as a board member and a shareholder, but as a member of the family. 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. 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. 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 Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. Ted Rogers, she said, would be appalled by recent developments. 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. Copyright 2023 Surperformance. She told The Globe and Mail that rebuilding relationships isnt only important for the family, but for the future of Rogers and its employees. 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, An LG smartphone sits on display in an arranged photograph inside a Rogers Communications Inc. store in Toronto, Ontario. This is their biggest dream. Unauthorized distribution, transmission or republication strictly prohibited. Think of Bell or Telus, she said, referring to Rogerss main competitors. 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. melinda rogers hixon net worth. Mr. Rogers and his supporters, meanwhile, believe B.C. For more information:media@rci.rogers.com1-844-226-1338. If the only thing you know about sports is who wins and who loses, you are missing the highest stakes action of all. 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. 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. That allowed him to unilaterally fire five directors whod opposed him. 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. 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Melinda M. Rogers-Hixon. Rogers-Hixon told the Globe Natale was the best CEO the company had since her father. 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. Melinda Rogers-Hixon is one of three directors on new panel, Third-quarter earnings match estimates; revenue is flat. Comments may take up to an hour for moderation before appearing on the site. This advertisement has not loaded yet, but your article continues below. There are 19 older and 1 younger executives at Rogers Communications. Edward wanted Tony Staffieri, the longtime chief financial officer. Visit our Community Guidelines for more information and details on how to adjust your email settings. Wait, so now you have a fifth, whos changing the strategy again, Rogers-Hixon said. . 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. 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. Article content. About Rogers Rogers is a proud Canadian company dedicated to making more possible for Canadians each and every day. But important matters remain unresolved, including the top executive. 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. Major company holdings: Rogers Communications. Ms. Rogers-Hixon has held progressively senior roles at Rogers Communications Inc. since joining the company in 2000. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. 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Former CEO experience would be, frankly, very nice as well. Staffieri is a career finance executive who hasnt been a CEO before. In the meantime, the revolving door still spins at the companys headquarters in Toronto. 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. Privacy. 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. Her net worth is estimated to be $8 billion. There are 19 older and 1 younger executives at Rogers Communications. We ask you to keep your comments relevant and respectful. melinda.hixon@comcast.net melindahixon1290@yahoo.com melindahixon@alltel.net Current address 2547 Patterson Bridge . Last updated: 1 February 2023 at 11:00am EST. Rogers is a proud Canadian company dedicated to making more possible for Canadians each and every day. from the University of Western Ontario and a M.B.A. from Joseph L. Rotman School of Management at the University of Toronto. And the decisions they make have huge consequences, not just for the bottom line, but for communities, cities, even entire countries. 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. 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. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. 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Loretta Rogers, the company matriarch, moved a motion to remove her own son as chairman of Rogers Communications. 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. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Executives from Rogers argued this merger was the best for Canadians as it would bring more options to the market and increase competition. 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 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. But it will be the largest and most complex deal Rogers Communications has ever done, assuming it can win approval from regulators. The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. Most analysts expect Rogers to face a tough negotiation with Canadas competition body and the government before closing the deal sometime in 2022. 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? There are 10 executives at Rogers Communications getting paid more, with JosephNatale having the highest compensation of $11,704,000. 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. Ms. Rogers-Hixon was awarded an honorary doctorate from Huron University College at Western University in November 2018. Melinda Mary Rogers serves as Deputy Chairman of the Board of the Company. Musk Made a Mess at Twitter. Merging with Shaw was a dream held by her late father, company founder Ted Rogers. Ms. Rogers holds a B.A. Theres a new head of the cable division, Robert Depatie, until recently a director who aligned himself with Edward Rogers in the boardroom battle. If the only thing you know about sports is who wins and who loses, you are missing the highest stakes action of all. 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. Location: Toronto. 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. Think of Bell or Telus, she said, referring to Rogers main competitors. And as a daughter of my fathers.. Melinda Rogers From the archives The Man Who Would Be King: Inside the ruthless battle for control of the $34-billion Rogers empire Edward Rogers expected to run the family empire after the. And for all the differences the two have had, never once, she says, did she doubt his intentions. Ms. Rogers-Hixon has held progressively senior roles at Rogers since joining the company in 2000. Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. 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. The Toronto-based telecommunications company said the group is made up of three directors, including Edwards sister Melinda Rogers-Hixon. Ms. Rogers-Hixon holds a B.A. All rights reserved. All rights reserved. We ask you to keep your comments relevant and respectful. The company is coming off its best third quarter in wireless in years. The power struggle has died down for the moment, and family members speak to one another regularly, she said. Ms. Rogers was awarded an honorary doctorate from Huron University College at Western University in November 2018. 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. Melinda Rogers is 49, she's been the Deputy Chairman of the Board of Rogers Communications since 2018. Read more about cookies here. Linked companies : Rogers Communications Inc. - Bombardier Inc. Summary. Ms. Rogers has held progressively senior roles at Rogers since joining the company in 2000. 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. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Melinda Rogers-Hixon at her home in Toronto. And not even six months of operating experience, she said. 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. And not even six months of operating experience, she said. Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. Merging with Shaw was a dream held by her late father, company founder Ted Rogers. Its an obligation, a responsibility not only as a board member and a shareholder, but as a member of the family. Terms of use. . from the University of Western Ontario and a M.B.A. from Joseph L. Rotman School of Management at the University of Toronto. About RogersRogers is a proud Canadian company dedicated to making more possible for Canadians each and every day. I believe that my brother wants to do what's right for the company. If you don't see it, please check your junk folder. How old is Melinda Rogers? 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. After all, she points out, they have an obligation to employees, customers and shareholders to do so. My response to that is we have shareholder meetings for a reason. If you want to find out more about us, visit about.rogers.com. 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.. For Rogers-Hixon, there appears to be lingering frustration about the way the events played out this fall. 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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. But important matters remain unresolved, including the top executive. Ms. Rogers-Hixon was appointed a director of Rogers Bank on December 31, 2017.