Edward wanted Tony Staffieri, the longtime chief financial officer. 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 for all the differences the two have had, never once, she says, did she doubt his intentions. 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. Ms. Rogers-Hixon serves on the board of Maple Leaf Sports and Entertainment and is Chair of Jays Care Foundation. 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. 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. Theres a new head of the cable division, Robert Depatie, until recently a director who aligned himself with Edward Rogers in the boardroom battle. How old is Melinda Rogers? Ms. Rogers was awarded an honorary doctorate from Huron University College at Western University in November 2018. Operating experience is a must for wireless companys CEO, Family has a duty to mend fences after battle, director says. . Oh my god, hes worth his weight in gold, Rogers-Hixon said. Public asset : 54,348,805 USD. Its founder, Ted Rogers, purchased his first radio station, CHFI, in 1960. Postmedia has not reviewed the content. Unauthorized distribution, transmission or republication strictly prohibited. Ms. Rogers was appointed a director of Rogers Bank on December 31, 2017. 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. Dave Fuller? 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. We along with the Management continue to work tirelessly on behalf of all stakeholders including customers, employees, and shareholders. 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. See the complete profile on LinkedIn and discover Melinda's connections and jobs at similar companies. Melinda has 1 job listed on their profile. 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.. Rogers assured the CRTC drama surrounding the board wouldnt make its way into the merger. Melinda Rogers-Hixon 1mo Report this post She was a role model to me and so many women. 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. 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. Our board, our management team, and I are totally committed to this deal. Ms. Rogers-Hixon was awarded an honorary doctorate from Huron University College at Western University in November 2018. All rights reserved. If you are a Home delivery print subscriber, unlimited online access is. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. Executives from Rogers argued this merger was the best for Canadians as it would bring more options to the market and increase competition. The information you requested is not available at this time, please check back again soon. Subscribe now to read the latest news in your city and across Canada. Think of Bell or Telus, she said, referring to Rogerss main competitors. 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. Ms. Rogers-Hixon was appointed a director of Rogers Bank on December 31, 2017. The power struggle has died down for the moment, and family members speak to one another regularly, she said. Read more about cookies here. The next issue of Financial Post Top Stories will soon be in your inbox. Recommended from Editorial 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. That allowed him to unilaterally fire five directors whod opposed him. 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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-Hixon wants peace -- within her family and inside the boardroom of Canadas largest wireless and cable company. And not even six months of operating experience, she said. And the decisions they make have huge consequences, not just for the bottom line, but for communities, cities, even entire countries. 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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. There are 10 executives at Rogers Communications getting paid more, with JosephNatale having the highest compensation of $11,704,000. 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. I find it quite regrettable.. This is their biggest dream. 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. 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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. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. If you don't see it, please check your junk folder. 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. If the only thing you know about sports is who wins and who loses, you are missing the highest stakes action of all. 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 Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. Melinda Rogers-Hixon at her home in Toronto. 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. The deal was the subject of a hearing with the Canadian Radio-television and Telecommunications Commission (CRTC) last week. What followed was an extraordinary series of events that transfixed corporate Canada. Will His AI Plans Be Any Different? 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. 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 . Comments may take up to an hour for moderation before appearing on the site. Article content. 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. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. About Rogers Rogers is a proud Canadian company dedicated to making more possible for Canadians each and every day. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. Edward wanted Tony Staffieri, the longtime chief financial officer. 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 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. Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. But it will be the largest and most complex deal Rogers Communications has ever done, assuming it can win approval from regulators. The oldest executive at Rogers Communications Inc. is Loretta Rogers, 80, who is the Director. 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. Copyright 2023 Surperformance. from the University of Western Ontario and a M.B.A. from Joseph L. Rotman School of Management at the University of Toronto. Melinda Rogers-Hixon Deputy Chair & Director of the Board, Rogers Communications, Partner GTA Toronto . She was founder of Rogers . 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. The power struggle has died down for the moment, and family members speak to one another regularly, she said. TORONTO, Oct. 24, 2021 (GLOBE NEWSWIRE) We unequivocally support Joe Natale as CEO and support his management team. Subscribe now to read the latest news in your city and across Canada. Copyright 2023 Surperformance. The daughter of the late Ted Rogers is a director at Rogers Communications. 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. Terms of use. Rogers-Hixon, her sister, mother, and numerous directors on the board were against the move; Rogers succeeded in the end. 2023 Blue Ant Media Ted Rogers, she said, would be appalled by recent developments. This advertisement has not loaded yet, but your article continues below. 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 joined forces with other board members last month to block the move to replace Natale with Chief Financial Officer Tony Staffieri. 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. This advertisement has not loaded yet, but your article continues below. Ted Rogers, she said, would be appalled by recent developments. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. 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. 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. A month ago, after prevailing in court, Edward and his board allies installed Staffieri, officially on an interim basis. Please try again. Melinda Rogers is 49, she's been the Deputy Chairman of the Board of Rogers Communications since 2018. 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.