We along with the Management continue to work tirelessly on behalf of all stakeholders including customers, employees, and shareholders. Most analysts expect Rogers to face a tough negotiation with Canadas competition body and the government before closing the deal sometime in 2022. The company is coming off its best third quarter in wireless in years. In the meantime, the revolving door still spins at the companys headquarters in Toronto. And the decisions they make have huge consequences, not just for the bottom line, but for communities, cities, even entire countries. 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. 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. 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. 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. Aspects specifically relating to broadcasting were discussed. Rogers-Hixon, her sister, mother, and numerous directors on the board were against the move; Rogers succeeded in the end. 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. Rogers sister's lawyer expects court to 'shut down' board changes - BNN Rogers is currently in the process of acquiring Shaw, a broadcaster serving Western Canada. After all, she points out, they have an obligation to employees, customers and shareholders to do so. 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. Oh my god, he's worth his weight in gold," Rogers-Hixon said. 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. Sign-up for MobileSyrup news sent straight to your inbox. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. Melinda Rogers-Hixon on LinkedIn: Opinion: Let's take inspiration from In the meantime, the revolving door still spins at the companys headquarters in Toronto. I believe that my brother wants to do whats right for the company, she said during a 90-minute interview. 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. I believe that my brother wants to do what's right for the company. 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. Wireless head Dave Fuller is a Natale protege who has already stated publicly that he doesnt want to work for another CEO. Most recently, she was Founder of Rogers Venture Partners from 2011 to 2018. She joined forces with other board members last month to block the move to replace Natale with Chief Financial Officer Tony Staffieri. That committee included three people MacDonald, director John Clappison and Melinda Rogers-Hixon, Edward's sister. The daughter of the late Ted Rogers is a director at Rogers Communications. Operating experience is a must for wireless companys CEO, Family has a duty to mend fences after battle, director says. Melinda Rogers-Hixon Wants Peace With Edward Rogers But Deep Rifts A month ago, after prevailing in court, Edward and his board allies installed Staffieri, officially on an interim basis. 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. The more unstable we are, the harder it is for us to execute and the easier it is for them to outperform us.. 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. Edward wanted Tony Staffieri, the longtime chief financial officer. This advertisement has not loaded yet, but your article continues below. Ms. Rogers serves on the board of Maple Leaf Sports and Entertainment and is Chair of Jays Care Foundation. Melinda Rogers-Hixon wants peace -- within her family and inside the boardroom of Canadas largest wireless and cable company. Melinda Hixon corporate profile, background and performance evaluation including other Rogers Communication executives . from the University of Western Ontario and a M.B.A. from Joseph L. Rotman School of Management at the University of Toronto. Melinda M. Rogers-Hixon - Rogers Investor Relations A month ago, after prevailing in court, Edward and his board allies installed Staffieri, officially on an interim basis. Dave Fuller? 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. 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 . 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. Will His AI Plans Be Any Different? The power struggle has died down for the moment, and family members speak to one another regularly, she said. Melinda Rogers-Hixon Deputy Chair & Director of the Board, Rogers Communications, Partner GTA Toronto . Melinda Rogers is 49, she's been the Deputy Chairman of the Board of Rogers Communications since 2018. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. Wireless head Dave Fuller is a Natale protege who has already stated publicly that he doesnt want to work for another CEO. 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. Ted Rogers, she said, would be appalled by recent developments. Melinda Rogers wants peace with brother Edward but deep - torontosun Ms. Rogers-Hixon has held progressively senior roles at Rogers Communications Inc. since joining the company in 2000. 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. Rogers rift takes new twist as both family factions claim control of Read more about cookies here. 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. Copyright 2023 Surperformance. Rogers is a proud Canadian company dedicated to making more possible for Canadians each and every day. 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Edward Rogers, chairman of Rogers Communications Inc., attends a Canadian Radio-Television And Telecommunications Commission (CRTC) hearing in Gatineau, Quebec, in November. Its an obligation, a responsibility -- not only as a board member and a shareholder, but as a member of the family. Melinda Hixon is Deputy Chairman of the Board of Rogers Communication. 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. The more unstable we are, the harder it is for us to execute and the easier it is for them to outperform us.. Change in rank from 2017: No change. 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. There are 19 older and 1 younger executives at Rogers Communications. A statement on behalf of Loretta Rogers, Melinda Rogers-Hixon, Martha Theres a new head of the cable division, Robert Depatie, until recently a director who aligned himself with Edward Rogers in the boardroom battle. The company is coming off its best third quarter in wireless in years. He was actually quite principled, and I think hed kick our ass, frankly, she said. Philanthropist and Rogers director, Loretta Rogers, dead at 83 If you are a Home delivery print subscriber, unlimited online access is. 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. Executives from Rogers argued this merger was the best for Canadians as it would bring more options to the market and increase competition. Comments may take up to an hour for moderation before appearing on the site. 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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. The company is coming off its best third quarter in wireless in years. 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. Rogers-Hixon told the Globe Natale was the best CEO the company had since her father. Melinda Rogers Net Worth (2023) | wallmine CA 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. 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. There was an error, please provide a valid email address. Think of Bell or Telus, she said, referring to Rogers main competitors. Ted Rogers, she said, would be appalled by recent developments. Loretta Rogers, the company matriarch, moved a motion to remove her own son as chairman of Rogers Communications. The oldest executive at Rogers Communications Inc. is LorettaRogers, 80, who is the Director. 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. Privacy. View Melinda Rogers' profile on LinkedIn, the world's largest professional community. If the only thing you know about sports is who wins and who loses, you are missing the highest stakes action of all. We will stand behind each and every commitment made by our team today. 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. When Canadian carriers lock their doors, does it change the shopping experience? Its founder, Ted Rogers, purchased his first radio station, CHFI, in 1960. I believe that my brother wants to do whats right for the company, she said during a 90-minute interview. 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. 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 is the owner of the Loretta Anne yacht. All rights reserved. Rogers Communications executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. Most recently, she was Founder of Rogers Venture Partners from 2011 to 2018. About RogersRogers is a proud Canadian company dedicated to making more possible for Canadians each and every day. . And as a daughter of my fathers.. This advertisement has not loaded yet, but your article continues below. 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. 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. 365 Bloor Street East, Toronto, Ontario, M4W 3L4. Avatar: The Way of Water uses crazy tech, but does it look better or worse? And not even six months of operating experience, she said. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Melinda Rogers-Hixon's Post - linkedin.com The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. The conflict isnt personal, she said. 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. 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-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 allowed him to unilaterally fire five directors whod opposed him. After all, she points out, they have an obligation to employees, customers and shareholders to do so. 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 apologize, but this video has failed to load. 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. Canada's Richest People: The Rogers Family - Canadian Business 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. We encountered an issue signing you up. The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. Please try again. Unauthorized distribution, transmission or republication strictly prohibited. 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. 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 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. 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. 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. 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). A statement on behalf of Loretta Rogers, Melinda Rogers-Hixon, Martha 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. 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. The deal was the subject of a hearing with the Canadian Radio-television and Telecommunications Commission (CRTC) last week. 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. What followed was an extraordinary series of events that transfixed corporate Canada. He brought us the Shaw deal thats no small feat, she said. 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