Please try again. The next issue of Financial Post Top Stories will soon be in your inbox. Rogers is currently in the process of acquiring Shaw, a broadcaster serving Western Canada. Linked companies : Rogers Communications Inc. - Bombardier Inc. Summary. 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. melinda rogers hixon net worth. Ms. Rogers-Hixon has held progressively senior roles at Rogers since joining the company in 2000. Avatar: The Way of Water uses crazy tech, but does it look better or worse? 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. Last updated: 1 February 2023 at 11:00am EST. . Wireless head Dave Fuller is a Natale protege who has already stated publicly that he doesnt want to work for another CEO. 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. 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. She is Chairman at Jays Care Foundation, Director-Governing Council at the University of Toronto and Member-Governors Board at Huron University . And the decisions they make have huge consequences, not just for the bottom line, but for communities, cities, even entire countries. 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. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. Public asset : 54,348,805 USD. Melinda Rogers-Hixon wants peace -- within her family and inside the boardroom of Canadas largest wireless and cable company. He was actually quite principled, and I think hed kick our ass, frankly, she said. 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. If you don't see it, please check your junk folder. Wait, so now you have a fifth, whos changing the strategy again, Rogers-Hixon said. Most analysts expect Rogers to face a tough negotiation with Canadas competition body and the government before closing the deal sometime in 2022. And as a daughter of my fathers.. Create an account or sign in to continue with your reading experience. . Operating experience is a must for wireless companys CEO, Family has a duty to mend fences after battle, director says. 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. 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. For Rogers-Hixon, there appears to be lingering frustration about the way the events played out this fall. The oldest executive at Rogers Communications Inc. is Loretta Rogers, 80, who is the Director. Its an obligation, a responsibility not only as a board member and a shareholder, but as a member of the family. After all, she points out, they have an obligation to employees, customers and shareholders to do so. 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. But it will be the largest and most complex deal Rogers Communications has ever done, assuming it can win approval from regulators. But important matters remain unresolved, including the top executive. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. 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. The information you requested is not available at this time, please check back again soon. Edward wanted Tony Staffieri, the longtime chief financial officer. Ms. Rogers-Hixon was appointed a director of Rogers Bank on December 31, 2017. Rogers-Hixon told the Globe Natale was the best CEO the company had since her father. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. 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. articles a month for anyone to read, even non-subscribers! The information you requested is not available at this time, please check back again soon. Unauthorized distribution, transmission or republication strictly prohibited. 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. 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. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Melinda Rogers-Hixon, deputy chair of Rogers Communications Inc., at her home in Toronto. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. She joined forces with other board members last month to block the move to replace Natale with Chief Financial Officer Tony Staffieri. 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. TORONTO, Oct. 24, 2021 (GLOBE NEWSWIRE) We unequivocally support Joe Natale as CEO and support his management team. Will His AI Plans Be Any Different? She is the owner of the Loretta Anne yacht. Mr. Rogers and his supporters, meanwhile, believe B.C. 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 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? 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 has held progressively senior roles at Rogers since joining the company in 2000. Moments in an interview revealed magnitude of fissures inside Rogers clan and how tricky repairing them will be. But important matters remain unresolved, including the top executive. Wireless head Dave Fuller is a Natale protege who has already stated publicly that he doesnt want to work for another CEO. The more unstable we are, the harder it is for us to execute and the easier it is for them to outperform us.. This advertisement has not loaded yet, but your article continues below. A month ago, after prevailing in court, Edward and his board allies installed Staffieri, officially on an interim basis. Loretta Rogers, the company matriarch, moved a motion to remove her own son as chairman of Rogers Communications. Melinda Rogers is 49, she's been the Deputy Chairman of the Board of Rogers Communications since 2018. That committee included three people MacDonald, director John Clappison and Melinda Rogers-Hixon, Edward's sister. Rogers matriarch Loretta Rogers wielded a quiet power theglobeandmail.com . And as a daughter of my fathers.. For more information:media@rci.rogers.com1-844-226-1338. 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. 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. She was founder of Rogers . We ask you to keep your comments relevant and respectful. We ask you to keep your comments relevant and respectful. Dave Fuller? We will stand behind each and every commitment made by our team today. Wait, so now you have a fifth, whos changing the strategy again, Rogers-Hixon said. Musk Made a Mess at Twitter. Article content. . The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. There are 10 executives at Rogers Communications getting paid more, with JosephNatale having the highest compensation of $11,704,000. Former CEO experience would be, frankly, very nice as well. Staffieri is a career finance executive who hasnt been a CEO before. The Toronto-based telecommunications company said the group is made up of three directors, including Edward's sister Melinda Rogers-Hixon. Comments may take up to an hour for moderation before appearing on the site. 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. Thirteen years and youve had four heads of cable? The daughter of the late Ted Rogers is a director at Rogers Communications. Think of Bell or Telus, she said, referring to Rogers main competitors. 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. 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. If the only thing you know about sports is who wins and who loses, you are missing the highest stakes action of all. 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. Read more about cookies here. Melinda Rogers-Hixon at her home in Toronto. All rights reserved. My response to that is we have shareholder meetings for a reason. The next issue of Financial Post Top Stories will soon be in your inbox. Ms. Rogers-Hixon holds a B.A. Oh my god, he's worth his weight in gold," Rogers-Hixon said. This is their biggest dream. We remain as duly elected members of the Rogers Communications Inc. Board and represent the majority of the Board members of the company. The oldest executive at Rogers Communications Inc. is LorettaRogers, 80, who is the Director. No other group of individuals has any authority to purport to act as the Board of Directors of Rogers Communications Inc. Most analysts expect Rogers to face a tough negotiation with Canadas competition body and the government before closing the deal sometime in 2022. Ms. Rogers-Hixon serves on the board of Maple Leaf Sports and Entertainment and is Chair of Jays Care Foundation. Her net worth is estimated to be $8 billion. 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. 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. 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. Ms. Rogers serves on the board of Maple Leaf Sports and Entertainment and is Chair of Jays Care Foundation. This advertisement has not loaded yet, but your article continues below. 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. After all, she points out, they have an obligation to employees, customers and shareholders to do so. Ms. Rogers-Hixon was appointed a director of Rogers Bank on December 31, 2017. 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. 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. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. Postmedia has not reviewed the content. Unauthorized distribution, transmission or republication strictly prohibited. Melinda Rogers-Hixon wants peace within her family and inside the boardroom of Canadas largest wireless and cable company. Major company holdings: 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. He brought us the Shaw deal thats no small feat, she said. Ms. Rogers holds a B.A. 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. Dave Fuller? Ms. Rogers-Hixon has held progressively senior roles at Rogers Communications Inc. since joining the company in 2000. Our board, our management team, and I are totally committed to this deal. Melinda Mary Rogers serves as Deputy Chairman of the Board of the Company. melinda.hixon@comcast.net melindahixon1290@yahoo.com melindahixon@alltel.net Current address 2547 Patterson Bridge . About Rogers Rogers is a proud Canadian company dedicated to making more possible for Canadians each and every day. Ms. Rogers-Hixon said Thursday in her first interview since a boardroom battle over the company's leadership found her, two of her family members and the majority of the company's independent. Hed be pissed.. 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. The company is coming off its best third quarter in wireless in years. Melinda Rogers-Hixon's Post. 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. Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. 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And not even six months of operating experience, she said. 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). 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 M. Rogers-Hixon founded Rogers Venture Partners LLC. And for all the differences the two have had, never once, she says, did she doubt his intentions. The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. There was an error, please provide a valid email address. 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. 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. A month ago, after prevailing in court, Edward and his board allies installed Staffieri, officially on an interim basis. 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. Melinda Hixon corporate profile, background and performance evaluation including other Rogers Communication executives . Read more about cookies here. Ms. Rogers was appointed a director of Rogers Bank on December 31, 2017. Theres a new head of the cable division, Robert Depatie, until recently a director who aligned himself with Edward Rogers in the boardroom battle. 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. 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The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. Also Read: Who is Henry Lebron? Natale was ousted and replaced by Rogers pick, Tony Staffieri, the companys chief financial officer. 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 That allowed him to unilaterally fire five directors whod opposed him. 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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