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. The oldest executive at Rogers Communications Inc. is LorettaRogers, 80, who is the Director. She was founder of Rogers . Loretta Rogers, the company matriarch, moved a motion to remove her own son as chairman of Rogers Communications. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. We encountered an issue signing you up. 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. Executives from Rogers argued this merger was the best for Canadians as it would bring more options to the market and increase competition. Wait, so now you have a fifth, whos changing the strategy again, Rogers-Hixon said. He was actually quite principled, and I think hed kick our ass, frankly, she said. Natale was ousted and replaced by Rogers pick, Tony Staffieri, the companys chief financial officer. 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. melinda rogers hixon net worth. The daughter of the late Ted Rogers is a director at Rogers Communications. She told The Globe and Mail that rebuilding relationships isnt only important for the family, but for the future of Rogers and its employees. If you are a Home delivery print subscriber, unlimited online access is. 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. Location: Toronto. We along with the Management continue to work tirelessly on behalf of all stakeholders including customers, employees, and shareholders. 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. 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. Melinda Hixon corporate profile, background and performance evaluation including other Rogers Communication executives . Major company holdings: Rogers Communications. Recommended from Editorial If the only thing you know about sports is who wins and who loses, you are missing the highest stakes action of all. The conflict isnt personal, she said. The Toronto-based telecommunications company said the group is made up of three directors, including Edwards sister Melinda Rogers-Hixon. 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. He believed Natales performance wasnt up to par. Theres a new head of the cable division, Robert Depatie, until recently a director who aligned himself with Edward Rogers in the boardroom battle. I believe that my brother wants to do whats right for the company, she said during a 90-minute interview. What followed was an extraordinary series of events that transfixed corporate Canada. 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. 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. 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. 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. Change in rank from 2017: No change. . Rogers matriarch Loretta Rogers wielded a quiet power theglobeandmail.com . 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. Copyright 2023 Surperformance. See the complete profile on LinkedIn and discover Melinda's connections and jobs at similar 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. 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. 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. 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. 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. 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 holds a B.A. Read more about cookies here. 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 Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. He brought us the Shaw deal thats no small feat, she said. As the Deputy Chairman of the Board of Rogers Communications, the total compensation of Melinda Rogers at Rogers Communications is $527,044. In the meantime, the revolving door still spins at the companys headquarters in Toronto. 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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. 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 you don't see it, please check your junk folder. Melinda Rogers-Hixon wants peace within her family and inside the boardroom of Canadas largest wireless and cable company. This advertisement has not loaded yet, but your article continues below. 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. 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. But it will be the largest and most complex deal Rogers Communications has ever done, assuming it can win approval from regulators. A month ago, after prevailing in court, Edward and his board allies installed Staffieri, officially on an interim basis. 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. There are 19 older and 1 younger executives at Rogers Communications. 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. from the University of Western Ontario and a M.B.A. from Joseph L. Rotman School of Management at the University of Toronto. 365 Bloor Street East, Toronto, Ontario, M4W 3L4. There was an error, please provide a valid email address. 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? Melinda Rogers-Hixon Deputy Chair & Director of the Board, Rogers Communications, Partner GTA Toronto . Ms. Rogers-Hixon has held progressively senior roles at Rogers since joining the company in 2000. Wait, so now you have a fifth, whos changing the strategy again, Rogers-Hixon said. 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 company is coming off its best third quarter in wireless in years. Please try again. 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. 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. The conflict isnt personal, she said. Ms. Rogers-Hixon serves on the board of Maple Leaf Sports and Entertainment and is Chair of Jays Care Foundation. Most analysts expect Rogers to face a tough negotiation with Canadas competition body and the government before closing the deal sometime in 2022. That allowed him to unilaterally fire five directors whod opposed him. Terms of use. Subscribe now to read the latest news in your city and across Canada. If you are a Home delivery print subscriber, unlimited online access is. This is their biggest dream. Edward wanted Tony Staffieri, the longtime chief financial officer. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. 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. For Rogers-Hixon, there appears to be lingering frustration about the way the events played out this fall. articles a month for anyone to read, even non-subscribers! Hed be pissed.. Linked companies : Rogers Communications Inc. - Bombardier Inc. Summary. 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). 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 was awarded an honorary doctorate from Huron University College at Western University in November 2018. She is the owner of the Loretta Anne yacht. 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. Wireless head Dave Fuller is a Natale protege who has already stated publicly that he doesnt want to work for another CEO. Merging with Shaw was a dream held by her late father, company founder Ted Rogers. 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. 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. 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. Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. Mr. Rogers and his supporters, meanwhile, believe B.C. Edward wanted Tony Staffieri, the longtime chief financial officer. 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. Wireless head Dave Fuller is a Natale protege who has already stated publicly that he doesnt want to work for another CEO. Musk Made a Mess at Twitter. Think of Bell or Telus, she said, referring to Rogers main competitors. And as a daughter of my fathers.. Age : 51. 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 next issue of Financial Post Top Stories will soon be in your inbox. After all, she points out, they have an obligation to employees, customers and shareholders to do so. I believe that my brother wants to do what's right for the company. Melinda Rogers is 49, she's been the Deputy Chairman of the Board of Rogers Communications since 2018. Our founder, Ted Rogers, purchased his first radio station, CHFI, in 1960. Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. Melinda Rogers-Hixon is one of three directors on new panel, Third-quarter earnings match estimates; revenue is flat. 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. Unauthorized distribution, transmission or republication strictly prohibited. The deal was the subject of a hearing with the Canadian Radio-television and Telecommunications Commission (CRTC) last week. Melinda Rogers-Hixon's Post. Ms. Rogers-Hixon was awarded an honorary doctorate from Huron University College at Western University in November 2018. He was actually quite principled, and I think hed kick our ass, frankly, 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. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. Most recently, she was Founder of Rogers Venture Partners from 2011 to 2018. Melinda Rogers-Hixon 1mo Report this post She was a role model to me and so many women. We apologize, but this video has failed to load. Rogers-Hixon, her sister, mother, and numerous directors on the board were against the move; Rogers succeeded in the end. But important matters remain unresolved, including the top executive. Think of Bell or Telus, she said, referring to Rogerss main competitors. The daughter of the late Ted Rogers is a director at Rogers Communications. The Posthaste newsletter has all the breaking business news and market signals you need, The Posthaste newsletter the business news you need, A statement on behalf of Loretta Rogers, Melinda Rogers-Hixon, Martha Rogers, John A. MacDonald, John Clappison, David Peterson, Bonnie Brooks, and Ellis Jacob, 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, 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. The information you requested is not available at this time, please check back again soon. 2023 Blue Ant Media 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. from the University of Western Ontario and a M.B.A. from Joseph L. Rotman School of Management at the University of Toronto. Ms. Rogers-Hixon has held progressively senior roles at Rogers Communications Inc. since joining the company in 2000. Operating experience is a must for wireless companys CEO, Family has a duty to mend fences after battle, director says. 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 apologize, but this video has failed to load. Ms. Rogers serves on the board of Maple Leaf Sports and Entertainment and is Chair of Jays Care Foundation. We will stand behind each and every commitment made by our team today. Its an obligation, a responsibility -- not only as a board member and a shareholder, but as a member of the family. 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. 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. 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. Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. The more unstable we are, the harder it is for us to execute and the easier it is for them to outperform us.. 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 power struggle has died down for the moment, and family members speak to one another regularly, she said. Melinda M. Rogers-Hixon. And as a daughter of my fathers.. Last updated: 1 February 2023 at 11:00am EST. Melinda Rogers-Hixon wants peace -- within her family and inside the boardroom of Canadas largest wireless and cable company. 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Rogers is a proud Canadian company dedicated to making more possible for Canadians each and every day. 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. We ask you to keep your comments relevant and respectful. She is Chairman at Jays Care Foundation, Director-Governing Council at the University of Toronto and Member-Governors Board at Huron University . Copyright 2023 Surperformance. Ms. Rogers-Hixon was appointed a director of Rogers Bank on December 31, 2017. The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. For more information:media@rci.rogers.com1-844-226-1338. I find it quite regrettable.. 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. Create an account or sign in to continue with your reading experience. 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. . Melinda Rogers-Hixon, deputy chair of Rogers Communications Inc., at her home in Toronto. 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. Age, Boxer Wiki, Family, Net worth, Biography Everything about Education Rogers graduated from the University of Miami with a Bachelor of Fine Arts degree. Former CEO experience would be, frankly, very nice as well. Staffieri is a career finance executive who hasnt been a CEO before.
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