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. Our founder, Ted Rogers, purchased his first radio station, CHFI, in 1960. I find it quite regrettable.. 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. Oh my god, hes worth his weight in gold, Rogers-Hixon said. But important matters remain unresolved, including the top executive. What followed was an extraordinary series of events that transfixed corporate Canada. 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. If you are a Home delivery print subscriber, unlimited online access is. 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. Edward Rogers, chairman of Rogers Communications Inc., attends a Canadian Radio-Television And Telecommunications Commission (CRTC) hearing in Gatineau, Quebec, in November. Melinda Hixon is Deputy Chairman of the Board of Rogers Communication. The deal was the subject of a hearing with the Canadian Radio-television and Telecommunications Commission (CRTC) last week. But it will be the largest and most complex deal Rogers Communications has ever done, assuming it can win approval from regulators. The next issue of Financial Post Top Stories will soon be in your inbox. 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. That allowed him to unilaterally fire five directors whod opposed him. A month ago, after prevailing in court, Edward and his board allies installed Staffieri, officially on an interim basis. Theres a new head of the cable division, Robert Depatie, until recently a director who aligned himself with Edward Rogers in the boardroom battle. This advertisement has not loaded yet, but your article continues below. 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. Unauthorized distribution, transmission or republication strictly prohibited. from the University of Western Ontario and a M.B.A. from Joseph L. Rotman School of Management at the University of Toronto. 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. 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. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. Melinda Mary Rogers serves as Deputy Chairman of the Board of the Company. Melinda Rogers-Hixon wants peace -- within her family and inside the boardroom of Canadas largest wireless and cable company. The power struggle has died down for the moment, and family members speak to one another regularly, she 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. Copyright 2023 Surperformance. 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. He believed Natales performance wasnt up to par. Its an obligation, a responsibility -- not only as a board member and a shareholder, but as a member of the family. 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. 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. 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. The company is coming off its best third quarter in wireless in years. After all, she points out, they have an obligation to employees, customers and shareholders to do so. The oldest executive at Rogers Communications Inc. is LorettaRogers, 80, who is the Director. 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. Thirteen years and youve had four heads of cable? That committee included three people MacDonald, director John Clappison and Melinda Rogers-Hixon, Edward's sister. And the decisions they make have huge consequences, not just for the bottom line, but for communities, cities, even entire countries. 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. Unauthorized distribution, transmission or republication strictly prohibited. The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. 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. Melinda Rogers-Hixon at her home in Toronto. There was an error, please provide a valid email address. We encountered an issue signing you up. 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.. 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 company is coming off its best third quarter in wireless in years. Avatar: The Way of Water uses crazy tech, but does it look better or worse? As the Deputy Chairman of the Board of Rogers Communications, the total compensation of Melinda Rogers at Rogers Communications is $527,044. . The information you requested is not available at this time, please check back again soon. 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. articles a month for anyone to read, even non-subscribers! Create an account or sign in to continue with your reading experience. 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. 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 What followed was an extraordinary series of events that transfixed corporate Canada. Please try again. Merging with Shaw was a dream held by her late father, company founder Ted Rogers. 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. In the meantime, the revolving door still spins at the companys headquarters in Toronto. TORONTO, Oct. 24, 2021 (GLOBE NEWSWIRE) We unequivocally support Joe Natale as CEO and support his management team. from the University of Western Ontario and a M.B.A. from Joseph L. Rotman School of Management at the University of Toronto. If you don't see it, please check your junk folder. 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. The conflict isnt personal, she said. 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. Natale was ousted and replaced by Rogers pick, Tony Staffieri, the companys chief financial officer. 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. How old is Melinda Rogers? The Toronto-based telecommunications company said the group is made up of three directors, including Edwards sister Melinda Rogers-Hixon. 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 . Melinda Rogers-Hixon wants peace -- within her family and inside the boardroom of Canadas largest wireless and cable company. 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. There are 19 older and 1 younger executives at Rogers Communications. Public asset : 54,348,805 USD. Also Read: Who is Henry Lebron? Create an account or sign in to continue with your reading experience. 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. See the complete profile on LinkedIn and discover Melinda's connections and jobs at similar companies. She joined forces with other board members last month . 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. 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. Our board, our management team, and I are totally committed to this deal. In the meantime, the revolving door still spins at the companys headquarters in Toronto. I believe that my brother wants to do whats right for the company, she said during a 90-minute interview. The Toronto-based telecommunications company said the group is made up of three directors, including Edward's sister Melinda Rogers-Hixon. Ms. Rogers-Hixon holds a B.A. I believe that my brother wants to do whats right for the company, she said during a 90-minute interview. 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. 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. 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. 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. melinda rogers hixon net worth. The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. Melinda Hixon corporate profile, background and performance evaluation including other Rogers Communication executives . 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 . Edward wanted Tony Staffieri, the longtime chief financial officer. 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. Visit our Community Guidelines for more information and details on how to adjust your email settings. And for all the differences the two have had, never once, she says, did she doubt his intentions. Melinda Rogers-Hixon wants peace -- within her family and inside the boardroom of Canada's largest wireless and cable company. Visit our Community Guidelines for more information and details on how to adjust your email settings. Edward wanted Tony Staffieri, the longtime chief financial officer. 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. Change in rank from 2017: No change. Think of Bell or Telus, she said, referring to Rogers 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. 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. For more information:media@rci.rogers.com1-844-226-1338. 365 Bloor Street East, Toronto, Ontario, M4W 3L4. When Canadian carriers lock their doors, does it change the shopping experience? Major company holdings: Rogers Communications. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. 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. Wireless head Dave Fuller is a Natale protege who has already stated publicly that he doesnt want to work for another CEO. Melinda Rogers-Hixon 1mo Report this post She was a role model to me and so many women. Net Worth:$11.57 billion( 26.9% from 2017) Rich 100 rank: #4. If you don't see it, please check your junk folder. 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. Musk Made a Mess at Twitter. articles a month for anyone to read, even non-subscribers! Moments in an interview revealed magnitude of fissures inside Rogers clan and how tricky repairing them will be. 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. 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. Location: Toronto. Perched on a sofa inside her home in one of Toronto's most. About RogersRogers is a proud Canadian company dedicated to making more possible for Canadians each and every day. We apologize, but this video has failed to load. And as a daughter of my fathers.. She was founder of Rogers . The information you requested is not available at this time, please check back again soon. 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. This is their biggest dream. Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. Executives from Rogers argued this merger was the best for Canadians as it would bring more options to the market and increase competition. After all, she points out, they have an obligation to employees, customers and shareholders to do so. 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? Its an obligation, a responsibility not only as a board member and a shareholder, but as a member of the family. 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. Ms. Rogers-Hixon has held progressively senior roles at Rogers since joining the company in 2000. 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. Musk Made a Mess at Twitter. Recommended from Editorial Melinda Rogers is 49, she's been the Deputy Chairman of the Board of Rogers Communications since 2018. All rights reserved. Oh my god, he's worth his weight in gold," Rogers-Hixon said. Ms. Rogers-Hixon was appointed a director of Rogers Bank on December 31, 2017. Privacy. Ted Rogers, she said, would be appalled by recent developments. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Rogers is a proud Canadian company dedicated to making more possible for Canadians each and every day. 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). . That allowed him to unilaterally fire five directors whod opposed him. This advertisement has not loaded yet, but your article continues below. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. Copyright 2023 Surperformance. Rogers matriarch Loretta Rogers wielded a quiet power theglobeandmail.com . We along with the Management continue to work tirelessly on behalf of all stakeholders including customers, employees, and shareholders. 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. 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. The power struggle has died down for the moment, and family members speak to one another regularly, she said. 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. There are 10 executives at Rogers Communications getting paid more, with JosephNatale having the highest compensation of $11,704,000. Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. For Rogers-Hixon, there appears to be lingering frustration about the way the events played out this fall. She told The Globe and Mail that rebuilding relationships isnt only important for the family, but for the future of Rogers and its employees. Dave Fuller? 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 M. Rogers-Hixon founded Rogers Venture Partners LLC. Rogers-Hixon told the Globe Natale was the best CEO the company had since her father. 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. And for all the differences the two have had, never once, she says, did she doubt his intentions. sisters Melinda Rogers-Hixon and Martha Rogers and his mother. Dave Fuller? The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. There was an error, please provide a valid email address. The daughter of the late Ted Rogers is a director at Rogers Communications. We remain as duly elected members of the Rogers Communications Inc. Board and represent the majority of the Board members of the company. 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. Operating experience is a must for wireless companys CEO, Family has a duty to mend fences after battle, director says. Sign-up for MobileSyrup news sent straight to your inbox. Edward wanted Tony Staffieri, the longtime chief financial officer. Will His AI Plans Be Any Different? Melinda Rogers-Hixon's Post. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. Edward, the only son of company founder Ted Rogers, claimed to have installed five new directors last week via a written resolution; and, on Sunday, reclaimed the role of chair at RCI after the first meeting with his hand-picked directors. The daughter of the late Ted Rogers is a director at Rogers Communications. We will stand behind each and every commitment made by our team today. 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. 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. All rights reserved. He brought us the Shaw deal thats no small feat, she said. There are 19 older and 1 younger executives at Rogers Communications. But important matters remain unresolved, including the top executive. Loretta Rogers, the company matriarch, moved a motion to remove her own son as chairman of Rogers Communications. Ms. Rogers holds a B.A. 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. 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. Oh my god, hes worth his weight in gold, Rogers-Hixon said. 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.