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. Subscribe now to read the latest news in your city and across Canada. Linked companies : Rogers Communications Inc. - Bombardier Inc. Summary. We encountered an issue signing you up. Major company holdings: Rogers Communications. The Toronto-based telecommunications company said the group is made up of three directors, including Edwards sister Melinda Rogers-Hixon. Our 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. Read more about cookies here. Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. I believe that my brother wants to do whats right for the company, she said during a 90-minute interview. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. Melinda Rogers-Hixon Deputy Chair & Director of the Board, Rogers Communications, Partner GTA Toronto . Will His AI Plans Be Any Different? This is their biggest dream. He was actually quite principled, and I think hed kick our ass, frankly, she said. Edward wanted Tony Staffieri, the longtime chief financial officer. 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. 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. Rogers-Hixon told the Globe Natale was the best CEO the company had since her father. 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. Wait, so now you have a fifth, whos changing the strategy again, Rogers-Hixon said. Melinda Rogers-Hixon is one of three directors on new panel, Third-quarter earnings match estimates; revenue is flat. 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. 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. That allowed him to unilaterally fire five directors whod opposed him. The Toronto-based telecommunications company said the group is made up of three directors, including Edward's sister Melinda Rogers-Hixon. Copyright 2023 Surperformance. 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. 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. Former CEO experience would be, frankly, very nice as well. Staffieri is a career finance executive who hasnt been a CEO before. Avatar: The Way of Water uses crazy tech, but does it look better or worse? She told The Globe and Mail that rebuilding relationships isnt only important for the family, but for the future of Rogers and its employees. My response to that is we have shareholder meetings for a reason. 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. Aspects specifically relating to broadcasting were discussed. 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. Ms. Rogers-Hixon has held progressively senior roles at Rogers since joining the company in 2000. This advertisement has not loaded yet, but your article continues below. Melinda Rogers is 49, she's been the Deputy Chairman of the Board of Rogers Communications since 2018. 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. The information you requested is not available at this time, please check back again soon. 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. Net Worth:$11.57 billion( 26.9% from 2017) Rich 100 rank: #4. 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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. Melinda Rogers-Hixon wants peace -- within her family and inside the boardroom of Canadas largest wireless and cable company. The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. Unauthorized distribution, transmission or republication strictly prohibited. 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. She joined forces with other board members last month . We will stand behind each and every commitment made by our team today. There are 19 older and 1 younger executives at Rogers Communications. Visit our Community Guidelines for more information and details on how to adjust your email settings. Rogers-Hixon confirmed she is speaking with her brother but the two have a lot to get through. She was founder of Rogers . In the meantime, the revolving door still spins at the companys headquarters in Toronto. 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. Ms. Rogers-Hixon has held progressively senior roles at Rogers Communications Inc. since joining the company in 2000. We encountered an issue signing you up. 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. 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. The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. 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. The conflict isnt personal, she said. Please try again. 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. If you don't see it, please check your junk folder. 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. 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. 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. There was an error, please provide a valid email address. I believe that my brother wants to do whats right for the company, she said during a 90-minute interview. 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. 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. Theres a new head of the cable division, Robert Depatie, until recently a director who aligned himself with Edward Rogers in the boardroom battle. And not even six months of operating experience, she said. 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. Moments in an interview revealed magnitude of fissures inside Rogers clan and how tricky repairing them will be. Its an obligation, a responsibility -- not only as a board member and a shareholder, but as a member of the family. 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 In the meantime, the revolving door still spins at the companys headquarters in Toronto. Think of Bell or Telus, she said, referring to Rogers main competitors. 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Postmedia has not reviewed the content. A month ago, after prevailing in court, Edward and his board allies installed Staffieri, officially on an interim basis. 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. 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. 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. Musk Made a Mess at Twitter. The company is coming off its best third quarter in wireless in years. 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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. The daughter of the late Ted Rogers is a director at Rogers Communications. 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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. Theres a new head of the cable division, Robert Depatie, until recently a director who aligned himself with Edward Rogers in the boardroom battle. Recommended from Editorial She joined forces with other board members last month to block the move to replace Natale with Chief Financial Officer Tony Staffieri. Rogers matriarch Loretta Rogers wielded a quiet power theglobeandmail.com . Oh my god, hes worth his weight in gold, Rogers-Hixon said. As the Deputy Chairman of the Board of Rogers Communications, the total compensation of Melinda Rogers at Rogers Communications is $527,044. Musk Made a Mess at Twitter. We apologize, but this video has failed to load. Ms. Rogers holds a B.A. There are 10 executives at Rogers Communications getting paid more, with JosephNatale having the highest compensation of $11,704,000. We apologize, but this video has failed to load. Melinda M. Rogers-Hixon. 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. But important matters remain unresolved, including the top executive. Melinda has 1 job listed on their profile. After all, she points out, they have an obligation to employees, customers and shareholders to do so. 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. Article content. 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. Copyright 2023 Surperformance. The oldest executive at Rogers Communications Inc. is Loretta Rogers, 80, who is the Director. 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. 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 serves on the board of Maple Leaf Sports and Entertainment and is Chair of Jays Care Foundation. sisters Melinda Rogers-Hixon and Martha Rogers and his mother. About Rogers Rogers is a proud Canadian company dedicated to making more possible for Canadians each and every day. Last updated: 1 February 2023 at 11:00am EST. Its an obligation, a responsibility not only as a board member and a shareholder, but as a member of the family. 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. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. Public asset : 54,348,805 USD. Oh my god, hes worth his weight in gold, Rogers-Hixon said. She is Chairman at Jays Care Foundation, Director-Governing Council at the University of Toronto and Member-Governors Board at Huron University . Melinda Rogers-Hixon 1mo Report this post She was a role model to me and so many women. 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. If you want to find out more about us, visit about.rogers.com. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. 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. I believe that my brother wants to do what's right for the company. And the decisions they make have huge consequences, not just for the bottom line, but for communities, cities, even entire countries. The company is coming off its best third quarter in wireless in years. 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.. 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. Our founder, Ted Rogers, purchased his first radio station, CHFI, in 1960.
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