About RogersRogers 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. The more unstable we are, the harder it is for us to execute and the easier it is for them to outperform us.. 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. Please try again. Ms. Rogers-Hixon has held progressively senior roles at Rogers since joining the company in 2000. And the decisions they make have huge consequences, not just for the bottom line, but for communities, cities, even entire countries. Melinda Rogers-Hixon's Post. 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. Subscribe now to read the latest news in your city and across Canada. 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. View Melinda Rogers' profile on LinkedIn, the world's largest professional community. Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. Moments in an interview revealed magnitude of fissures inside Rogers clan and how tricky repairing them will be. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. The next issue of Financial Post Top Stories will soon be in your inbox. Think of Bell or Telus, she said, referring to Rogerss main competitors. 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. As the Deputy Chairman of the Board of Rogers Communications, the total compensation of Melinda Rogers at Rogers Communications is $527,044. 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. 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. 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. 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. What followed was an extraordinary series of events that transfixed corporate Canada. She tried to craft a compromise with her brother, one that might have kept the family out of court and the Rogers Communications board intact. 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.. Copyright 2023 Surperformance. 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. 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. 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But important matters remain unresolved, including the top executive. The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. 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. 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. Avatar: The Way of Water uses crazy tech, but does it look better or worse? In the meantime, the revolving door still spins at the companys headquarters in Toronto. He brought us the Shaw deal thats no small feat, she said. . The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. The daughter of the late Ted Rogers is a director at Rogers Communications. He was actually quite principled, and I think hed kick our ass, frankly, she said. And not even six months of operating experience, she said. 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 . The oldest executive at Rogers Communications Inc. is Loretta Rogers, 80, who is the Director. 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. Privacy. That allowed him to unilaterally fire five directors whod opposed him. Major company holdings: Rogers Communications. The oldest executive at Rogers Communications Inc. is LorettaRogers, 80, who is the Director. 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. We encountered an issue signing you up. Create an account or sign in to continue with your reading experience. melinda rogers hixon net worth. We along with the Management continue to work tirelessly on behalf of all stakeholders including customers, employees, and shareholders. Theres a new head of the cable division, Robert Depatie, until recently a director who aligned himself with Edward Rogers in the boardroom battle. Melinda Rogers-Hixon wants peace -- within her family and inside the boardroom of Canadas largest wireless and cable company. 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But it will be the largest and most complex deal Rogers Communications has ever done, assuming it can win approval from regulators. Former CEO experience would be, frankly, very nice as well. Staffieri is a career finance executive who hasnt been a CEO before. . 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. 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. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. 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. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. Will His AI Plans Be Any Different? 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. Ms. Rogers serves on the board of Maple Leaf Sports and Entertainment and is Chair of Jays Care Foundation. What followed was an extraordinary series of events that transfixed corporate Canada. Read more about cookies here. Wireless head Dave Fuller is a Natale protege who has already stated publicly that he doesnt want to work for another CEO. Age : 51. The Toronto-based telecommunications company said the group is made up of three directors, including Edwards sister Melinda Rogers-Hixon. 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Most recently, she was Founder of Rogers Venture Partners from 2011 to 2018. . Melinda Hixon corporate profile, background and performance evaluation including other Rogers Communication executives . 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. 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. Please try again. Article content. Natale was ousted and replaced by Rogers pick, Tony Staffieri, the companys chief financial officer. She is the owner of the Loretta Anne yacht. For Rogers-Hixon, there appears to be lingering frustration about the way the events played out this fall. Wait, so now you have a fifth, whos changing the strategy again, Rogers-Hixon said. Dave Fuller? Perched on a sofa inside her home in one of Toronto's most. TORONTO, Oct. 24, 2021 (GLOBE NEWSWIRE) We unequivocally support Joe Natale as CEO and support his management team. 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 . 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. Edward wanted Tony Staffieri, the longtime chief financial officer. All rights reserved. If the only thing you know about sports is who wins and who loses, you are missing the highest stakes action of all. Most recently, she was Founder of Rogers Venture Partners from 2011 to 2018. 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. 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. 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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. When Canadian carriers lock their doors, does it change the shopping experience? 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. Read more about cookies here. She told The Globe and Mail that rebuilding relationships isnt only important for the family, but for the future of Rogers and its employees. Our founder, Ted Rogers, purchased his first radio station, CHFI, in 1960. Melinda Rogers-Hixon, deputy chair of Rogers Communications Inc., at her home in Toronto. 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. Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. Rogers is currently in the process of acquiring Shaw, a broadcaster serving Western Canada. The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. 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. Comments may take up to an hour for moderation before appearing on the site. She tried to craft a compromise with her brother, one that might have kept the family out of court and the Rogers Communications board intact. The daughter of the late Ted Rogers is a director at Rogers Communications. 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. Ms. Rogers-Hixon has held progressively senior roles at Rogers since joining the company in 2000. Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. That committee included three people MacDonald, director John Clappison and Melinda Rogers-Hixon, Edward's sister. Unauthorized distribution, transmission or republication strictly prohibited. Oh my god, he's worth his weight in gold," Rogers-Hixon said. We ask you to keep your comments relevant and respectful. 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. Last updated: 1 February 2023 at 11:00am EST. Melinda Rogers is 49, she's been the Deputy Chairman of the Board of Rogers Communications since 2018. Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. 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. After all, she points out, they have an obligation to employees, customers and shareholders to do so. Our founder, Ted Rogers, purchased his first radio station, CHFI, in 1960. 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. He was actually quite principled, and I think hed kick our ass, frankly, she said. Terms of use. Change in rank from 2017: No change. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. 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). This is their biggest dream. 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. Public asset : 54,348,805 USD. 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. 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Loretta Rogers, the company matriarch, moved a motion to remove her own son as chairman of Rogers Communications. Ms. Rogers has held progressively senior roles at Rogers since joining the company in 2000. And for all the differences the two have had, never once, she says, did she doubt his intentions. Our board, our management team, and I are totally committed to this deal. She joined forces with other board members last month . For Rogers-Hixon, there appears to be lingering frustration about the way the events played out this fall. 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.
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