The power struggle has died down for the moment, and family members speak to one another regularly, she said. 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. We remain as duly elected members of the Rogers Communications Inc. Board and represent the majority of the Board members of the company. Comments may take up to an hour for moderation before appearing on the site. Melinda Rogers-Hixon at her home in Toronto. Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. 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 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. There was an error, please provide a valid email address. Ms. Rogers-Hixon holds a B.A. 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.. Its an obligation, a responsibility -- not only as a board member and a shareholder, but as a member of the family. The conflict isnt personal, she said. Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. Former CEO experience would be, frankly, very nice as well. Staffieri is a career finance executive who hasnt been a CEO before. For Rogers-Hixon, there appears to be lingering frustration about the way the events played out this fall. This advertisement has not loaded yet, but your article continues below. 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. What followed was an extraordinary series of events that transfixed corporate Canada. Postmedia has not reviewed the content. 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. . The company is coming off its best third quarter in wireless in years. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Also Read: Who is Henry Lebron? This advertisement has not loaded yet, but your article continues below. Melinda M. Rogers-Hixon. Thirteen years and youve had four heads of cable? 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. 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. 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. Avatar: The Way of Water uses crazy tech, but does it look better or worse? Melinda Rogers-Hixon, deputy chair of Rogers Communications Inc., at her home in Toronto. Musk Made a Mess at Twitter. When Canadian carriers lock their doors, does it change the shopping experience? 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. 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. 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. 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. A month ago, after prevailing in court, Edward and his board allies installed Staffieri, officially on an interim basis. Rogers totally committed to Shaw acquisition, chair says as CRTC hearings begin, Joe Natale out as Rogers CEO, to be replaced by former CFO Staffieri, Its the founders way or the highway: Governance at Rogers has raised eyebrows before, Rogers faces recruiting trouble if CEO is ousted, Newhaven president says, 'Its the founders way or the highway': Governance at Rogers has raised eyebrows before, tap here to see other videos from our team, Unlimited online access to articles from across Canada with one account, Get exclusive access to the National Post ePaper, an electronic replica of the print edition that you can share, download and comment on, Enjoy insights and behind-the-scenes analysis from our award-winning journalists, Support local journalists and the next generation of journalists, Daily puzzles including the New York Times Crossword, Access articles from across Canada with one account, Share your thoughts and join the conversation in the comments, Get email updates from your favourite authors. 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. For more information:media@rci.rogers.com1-844-226-1338. This is their biggest dream. No other group of individuals has any authority to purport to act as the Board of Directors of Rogers Communications Inc. Net Worth:$11.57 billion( 26.9% from 2017) Rich 100 rank: #4. Think of Bell or Telus, she said, referring to Rogerss main competitors. 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. 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. That allowed him to unilaterally fire five directors whod opposed him. Copyright 2023 Surperformance. 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 was appointed a director of Rogers Bank on December 31, 2017. 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 encountered an issue signing you up. 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. My response to that is we have shareholder meetings for a reason. If you don't see it, please check your junk folder. Edward Rogers, chairman of Rogers Communications Inc., attends a Canadian Radio-Television And Telecommunications Commission (CRTC) hearing in Gatineau, Quebec, in November. Edward wanted Tony Staffieri, the longtime chief financial officer. That allowed him to unilaterally fire five directors whod opposed him. Our board, our management team, and I are totally committed to this deal. 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. Our founder, Ted Rogers, purchased his first radio station, CHFI, in 1960. Read more about cookies here. There are 19 older and 1 younger executives at Rogers Communications. 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 more unstable we are, the harder it is for us to execute and the easier it is for them to outperform us.. 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. Loretta Rogers, the company matriarch, moved a motion to remove her own son as chairman of Rogers Communications. He believed Natales performance wasnt up to par. Melinda Rogers-Hixon Deputy Chair & Director of the Board, Rogers Communications, Partner GTA Toronto, Ontario, Canada 4K followers 500+ connections Join to follow Generation Transition. 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. This is their biggest dream. 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. 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? About RogersRogers is a proud Canadian company dedicated to making more possible for Canadians each and every day. The next issue of Financial Post Top Stories will soon be in your inbox. And not even six months of operating experience, she said. 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. No other group of individuals has any authority to purport to act as the Board of Directors of Rogers Comm TORONTO, Oct. 24, 2021 (GLOBE NEWSWIRE) -- We unequivocally support Joe Natale as CEO and . 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. If the only thing you know about sports is who wins and who loses, you are missing the highest stakes action of all. 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. He brought us the Shaw deal thats no small feat, she said. Ms. Rogers-Hixon was awarded an honorary doctorate from Huron University College at Western University in November 2018. Its founder, Ted Rogers, purchased his first radio station, CHFI, in 1960. Oh my god, hes worth his weight in gold, Rogers-Hixon said. 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. 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. Edward wanted Tony Staffieri, the longtime chief financial officer. Rogers matriarch Loretta Rogers wielded a quiet power theglobeandmail.com . And the decisions they make have huge consequences, not just for the bottom line, but for communities, cities, even entire countries. The Toronto-based telecommunications company said the group is made up of three directors, including Edward's sister Melinda Rogers-Hixon. . Apples pursuit of App Store ad revenue is frustrating, The ultimate Apple Watch accessory gift guide [2023 Edition], MobileSyrups top Android accessories gift guide [2022 Edition], MobileSyrups EV Gift Guide [2022 Edition], MobileSyrups Holiday Gift Guide [2022 Edition], MobileSyrups top CarPlay and Android adapters [2022 Edition], MobileSyrups top gifts for home offices [2022 Edition], Buick unveils new forward-thinking Wildcat EV concept in Canada, Where to watch the Demon Slayer theatrical event and new season in Canada, Where to stream the John Wick movies in Canada before Chapter 4, How to watch Attack On Titan: Final Season: Part 3 in Canada, Heres what to stream if you cancelled Netflix in March, Telecom news roundup: Cogeco buys Oxio [Feb. 18-24], Telecom news roundup: the tale of the never-ending mergers [Feb. 11-17], Heres how to cancel your Netflix subscription, Heres how to rewatch the Rihanna concert (aka Super Bowl halftime show) again, Streaming in Canada on Amazon Prime Video, Apple TV+, Crave, Disney+ and Netflix [Feb. 20-26], Whats leaving Netflix Canada, Crave and Prime Video in March 2023, My experience using an eSIM card has been mixed, Heres how to set a primary location for your Netflix account, Heres how you can unlock your iPhone with a voice command, How to get Microsofts new Bing and Edge AI features in Canada, Heres how to use the PS5 DualSense controller with your PC, Microsoft requests the FTC to seek PlayStations exclusivity deals deets, PM surprised by Googles test to block news access for some Canadians, Xplore, Bell, expand network in Newfoundland and Labrador through provincial, federal funding, Nova Scotia invests millions in Pictou County high-speed internet project, Governments policy direction for CRTC met with hope, skepticism, ISED outlines new policy direction for CRTC focused on reliability of service, consumer rights, LastPass vault breach came from hacking engineers home computer, Take It Down is allowing people to remove explicit online images, Federal government devices wont have access to TikTok come March 1st, Costco warns customers of new text scams targeting Canadians, Indigo employees face data breach due to ransomware attack on website, Canadian privacy regulators investigating TikToks use of personal user information, Qubecor CEO says company is ready to expand wireless services to Canadians, CRTC directs wireless providers to engage with disabled Canadians to address service issues, SaskTel rolls out 5G network to Lumsden, other rural communities, Verizon works with Centech, Bell, to foster 5G technology development, Best Buy Top Deals for the week: Canon printers, Lenovo laptop, Samsung Galaxy Tab S8+ and more. 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. Will His AI Plans Be Any Different? Create an account or sign in to continue with your reading experience. melinda rogers hixon net worth. 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. See the complete profile on LinkedIn and discover Melinda's connections and jobs at similar companies. 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. A month ago, after prevailing in court, Edward and his board allies installed Staffieri, officially on an interim basis. . He was actually quite principled, and I think hed kick our ass, frankly, she said. 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. Wireless head Dave Fuller is a Natale protege who has already stated publicly that he doesnt want to work for another CEO. Last updated: 1 February 2023 at 11:00am EST. She is the owner of the Loretta Anne yacht. But it will be the largest and most complex deal Rogers Communications has ever done, assuming it can win approval from regulators. We along with the Management continue to work tirelessly on behalf of all stakeholders including customers, employees, and shareholders. Aspects specifically relating to broadcasting were discussed. 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. 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. 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. Melinda Rogers-Hixon's Post. 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. Ms. Rogers-Hixon has held progressively senior roles at Rogers since joining the company in 2000. The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. The more unstable we are, the harder it is for us to execute and the easier it is for them to outperform us.. After all, she points out, they have an obligation to employees, customers and shareholders to do so. The daughter of the late Ted Rogers is a director at Rogers Communications. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. Most analysts expect Rogers to face a tough negotiation with Canadas competition body and the government before closing the deal sometime in 2022. But important matters remain unresolved, including the top executive. Comments may take up to an hour for moderation before appearing on the site. 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.