There are 19 older and 1 younger executives at Rogers Communications. Loretta Rogers, the company matriarch, moved a motion to remove her own son as chairman of Rogers Communications. 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. 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. 365 Bloor Street East, Toronto, Ontario, M4W 3L4. And as a daughter of my fathers.. Edward wanted Tony Staffieri, the longtime chief financial officer. 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. 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. 2023 Blue Ant Media How old is Melinda Rogers? 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. 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. Moments in an interview revealed magnitude of fissures inside Rogers clan and how tricky repairing them will be. Think of Bell or Telus, she said, referring to Rogerss main competitors. There was an error, please provide a valid email address. The company is coming off its best third quarter in wireless in years. 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The Toronto-based telecommunications company said the group is made up of three directors, including Edwards sister Melinda Rogers-Hixon. Change in rank from 2017: No change. Read more about cookies here. Merging with Shaw was a dream held by her late father, company founder Ted Rogers. 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. Think of Bell or Telus, she said, referring to Rogers main competitors. Rogers Communications Inc. has created a committee to set the rules for how Chairman Edward Rogers can interact with senior executives after he tried and failed to fire Chief Executive Officer Joe Natale. If you don't see it, please check your junk folder. Most recently, she was Founder of Rogers Venture Partners from 2011 to 2018. Ms. Rogers was appointed a director of Rogers Bank on December 31, 2017. Avatar: The Way of Water uses crazy tech, but does it look better or worse? 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. This advertisement has not loaded yet, but your article continues below. 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 information you requested is not available at this time, please check back again soon. If you don't see it, please check your junk folder. The deal was the subject of a hearing with the Canadian Radio-television and Telecommunications Commission (CRTC) last week. In the meantime, the revolving door still spins at the companys headquarters in Toronto. We apologize, but this video has failed to load. Melinda Rogers is 49, she's been the Deputy Chairman of the Board of Rogers Communications since 2018. 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. The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. Visit our Community Guidelines for more information and details on how to adjust your email settings. And the decisions they make have huge consequences, not just for the bottom line, but for communities, cities, even entire countries. 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 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. 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. 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. 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 Create an account or sign in to continue with your reading experience. Recommended from Editorial articles a month for anyone to read, even non-subscribers! 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. Merging with Shaw was a dream held by her late father, company founder Ted Rogers. Ms. Rogers-Hixon holds a B.A. Loretta Rogers, the company matriarch, moved a motion to remove her own son as chairman of Rogers Communications. 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. Melinda Rogers-Hixon, deputy chair of Rogers Communications Inc., at her home in Toronto. And not even six months of operating experience, she said. Dave Fuller? Wait, so now you have a fifth, whos changing the strategy again, Rogers-Hixon said. We ask you to keep your comments relevant and respectful. Comments may take up to an hour for moderation before appearing on the site. She joined forces with other board members last month . 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. Rogers is a proud Canadian company dedicated to making more possible for Canadians each and every day. 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. Ms. Rogers holds a B.A. 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. The company is coming off its best third quarter in wireless in years. 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. 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.. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. from the University of Western Ontario and a M.B.A. from Joseph L. Rotman School of Management at the University of Toronto. Melinda Hixon is Deputy Chairman of the Board of Rogers Communication. Thirteen years and youve had four heads of cable? Melinda Rogers-Hixon is one of three directors on new panel, Third-quarter earnings match estimates; revenue is flat. We will stand behind each and every commitment made by our team today. The more unstable we are, the harder it is for us to execute and the easier it is for them to outperform us.. 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. Most analysts expect Rogers to face a tough negotiation with Canadas competition body and the government before closing the deal sometime in 2022. Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. Its an obligation, a responsibility not only as a board member and a shareholder, but as a member of the family. "Think of Bell or Telus," she said, referring to. And not even six months of operating experience, she said. 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. About RogersRogers is a proud Canadian company dedicated to making more possible for Canadians each and every day. And for all the differences the two have had, never once, she says, did she doubt his intentions. The more unstable we are, the harder it is for us to execute and the easier it is for them to outperform us.. Edward Rogers, chairman of Rogers Communications Inc., attends a Canadian Radio-Television And Telecommunications Commission (CRTC) hearing in Gatineau, Quebec, in November. 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. Copyright 2023 Surperformance. Melinda Rogers-Hixon 1mo Report this post She was a role model to me and so many women. Age : 51. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Our founder, Ted Rogers, purchased his first radio station, CHFI, in 1960. There was an error, please provide a valid email address. Linked companies : Rogers Communications Inc. - Bombardier Inc. Summary. Melinda has 1 job listed on their profile. 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. Major company holdings: Rogers Communications. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. Read more about cookies here. After all, she points out, they have an obligation to employees, customers and shareholders to do so. 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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. We along with the Management continue to work tirelessly on behalf of all stakeholders including customers, employees, and shareholders. Her net worth is estimated to be $8 billion. If you are a Home delivery print subscriber, unlimited online access is. 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. Age, Boxer Wiki, Family, Net worth, Biography Everything about Education Rogers graduated from the University of Miami with a Bachelor of Fine Arts degree. She was founder of Rogers . Subscribe now to read the latest news in your city and across Canada. melinda rogers hixon net worth. Last updated: 1 February 2023 at 11:00am EST. View Melinda Rogers' profile on LinkedIn, the world's largest professional community. That allowed him to unilaterally fire five directors whod opposed him. 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 oldest executive at Rogers Communications Inc. is LorettaRogers, 80, who is the Director. 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. 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. This is their biggest dream. Ms. Rogers-Hixon has held progressively senior roles at Rogers Communications Inc. since joining the company in 2000. She is the owner of the Loretta Anne yacht. Melinda Mary Rogers serves as Deputy Chairman of the Board of the Company. The next issue of Financial Post Top Stories will soon be in your inbox. Natale was ousted and replaced by Rogers pick, Tony Staffieri, the companys chief financial officer. There are 19 older and 1 younger executives at Rogers Communications. 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. 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. After all, she points out, they have an obligation to employees, customers and shareholders to do so. 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. The daughter of the late Ted Rogers is a director at Rogers Communications. About Rogers Rogers is a proud Canadian company dedicated to making more possible for Canadians each and every day. She is Chairman at Jays Care Foundation, Director-Governing Council at the University of Toronto and Member-Governors Board at Huron University . Ted Rogers, she said, would be appalled by recent developments. A month ago, after prevailing in court, Edward and his board allies installed Staffieri, officially on an interim basis. Ted Rogers, she said, would be appalled by recent developments. Privacy. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. Melinda Rogers-Hixon's Post. Musk Made a Mess at Twitter. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. That allowed him to unilaterally fire five directors whod opposed him. Dave Fuller? 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. 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. The power struggle has died down for the moment, and family members speak to one another regularly, she said. Melinda Rogers-Hixon wants peace -- within her family and inside the boardroom of Canadas largest wireless and cable company. Rogers-Hixon, her sister, mother, and numerous directors on the board were against the move; Rogers succeeded in the end. Terms of use. Hed be pissed.. And for all the differences the two have had, never once, she says, did she doubt his intentions. Rogers is currently in the process of acquiring Shaw, a broadcaster serving Western Canada. Its an obligation, a responsibility -- not only as a board member and a shareholder, but as a member of the family. Visit our Community Guidelines for more information and details on how to adjust your email settings. But important matters remain unresolved, including the top executive. Executives from Rogers argued this merger was the best for Canadians as it would bring more options to the market and increase competition. The daughter of the late Ted Rogers is a director at Rogers Communications. 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. Net Worth:$11.57 billion( 26.9% from 2017) Rich 100 rank: #4. There are 10 executives at Rogers Communications getting paid more, with JosephNatale having the highest compensation of $11,704,000. 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. I believe that my brother wants to do what's right for the company. . Also Read: Who is Henry Lebron? 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Theres a new head of the cable division, Robert Depatie, until recently a director who aligned himself with Edward Rogers in the boardroom battle. 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. If the only thing you know about sports is who wins and who loses, you are missing the highest stakes action of all. 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. Please try again. All rights reserved. Wait, so now you have a fifth, whos changing the strategy again, Rogers-Hixon said. Ms. Rogers-Hixon has held progressively senior roles at Rogers since joining the company in 2000. 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 business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. 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. Ms. Rogers-Hixon was appointed a director of Rogers Bank on December 31, 2017. 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. Wireless head Dave Fuller is a Natale protege who has already stated publicly that he doesnt want to work for another CEO. 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 . That committee included three people MacDonald, director John Clappison and Melinda Rogers-Hixon, Edward's sister. He was actually quite principled, and I think hed kick our ass, frankly, she said. Melinda Rogers-Hixon at her home in Toronto. Copyright 2023 Surperformance. 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Ms. Rogers serves on the board of Maple Leaf Sports and Entertainment and is Chair of Jays Care Foundation. from the University of Western Ontario and a M.B.A. from Joseph L. Rotman School of Management at the University of Toronto. I find it quite regrettable.. We apologize, but this video has failed to load. The power struggle has died down for the moment, and family members speak to one another regularly, she said. 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. Perched on a sofa inside her home in one of Toronto's most. 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. Will His AI Plans Be Any Different? 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. 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. Most analysts expect Rogers to face a tough negotiation with Canadas competition body and the government before closing the deal sometime in 2022. Rogers-Hixon told the Globe Natale was the best CEO the company had since her father. Mr. Rogers and his supporters, meanwhile, believe B.C. TORONTO, Oct. 24, 2021 (GLOBE NEWSWIRE) We unequivocally support Joe Natale as CEO and support his management team. Melinda Rogers-Hixon wants peace within her family and inside the boardroom of Canadas largest wireless and cable company. She joined forces with other board members last month to block the move to replace Natale with Chief Financial Officer Tony Staffieri.
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