Canada's Richest People: The Rogers Family - Canadian Business Ms. Rogers-Hixon holds a B.A. A month ago, after prevailing in court, Edward and his board allies installed Staffieri, officially on an interim basis. 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). The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. 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 . Please try again. The more unstable we are, the harder it is for us to execute and the easier it is for them to outperform us.. If you don't see it, please check your junk folder. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. 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. A month ago, after prevailing in court, Edward and his board allies installed Staffieri, officially on an interim basis. Article content. 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. 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. Former CEO experience would be, frankly, very nice as well. Staffieri is a career finance executive who hasnt been a CEO before. There was an error, please provide a valid email address. We encountered an issue signing you up. 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. Melinda Rogers-Hixon on LinkedIn: Opinion: Let's take inspiration from Our founder, Ted Rogers, purchased his first radio station, CHFI, in 1960. We apologize, but this video has failed to load. Melinda Hixon corporate profile, background and performance evaluation including other Rogers Communication executives . 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. Dave Fuller? The information you requested is not available at this time, please check back again soon. The oldest executive at Rogers Communications Inc. is Loretta Rogers, 80, who is the Director. The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. He believed Natales performance wasnt up to par. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. 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Melinda Rogers-Hixon, deputy chair of Rogers Communications Inc., at her home in Toronto. Loretta Rogers, the company matriarch, moved a motion to remove her own son as chairman of Rogers Communications. He brought us the Shaw deal thats no small feat, she said. If you are a Home delivery print subscriber, unlimited online access is. A month ago, after prevailing in court, Edward and his board allies installed Staffieri, officially on an interim basis. 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. 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. 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. 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. Melinda Rogers-Hixon at her home in Toronto. Comments may take up to an hour for moderation before appearing on the site. Think of Bell or Telus, she said, referring to Rogerss main competitors. from the University of Western Ontario and a M.B.A. from Joseph L. Rotman School of Management at the University of Toronto. Copyright 2023 Surperformance. Unauthorized distribution, transmission or republication strictly prohibited. Theres a new head of the cable division, Robert Depatie, until recently a director who aligned himself with Edward Rogers in the boardroom battle. Moments in an interview revealed magnitude of fissures inside Rogers clan and how tricky repairing them will be. 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. And as a daughter of my fathers.. Ms. Rogers-Hixon was appointed a director of Rogers Bank on December 31, 2017. Read more about cookies here. Net Worth:$11.57 billion( 26.9% from 2017) Rich 100 rank: #4. All rights reserved. Thirteen years and youve had four heads of cable? 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. Location: Toronto. . Ms. Rogers was awarded an honorary doctorate from Huron University College at Western University in November 2018. Melinda Rogers Net Worth (2023) | wallmine CA Rogers Board Taps Chairman's Sister Melinda to Manage His Talks With We will stand behind each and every commitment made by our team today. Theres a new head of the cable division, Robert Depatie, until recently a director who aligned himself with Edward Rogers in the boardroom battle. She is Chairman at Jays Care Foundation, Director-Governing Council at the University of Toronto and Member-Governors Board at Huron University . Perched on a sofa inside her home in one of Toronto's most. We ask you to keep your comments relevant and respectful. 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. Melinda has 1 job listed on their profile. 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. Her net worth is estimated to be $8 billion. 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. 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. Merging with Shaw was a dream held by her late father, company founder Ted Rogers. Edward wanted Tony Staffieri, the longtime chief financial officer. Melinda Rogers-Hixon's Post. Melinda Rogers-Hixon - Partner - Generation Transition Advisors - LinkedIn 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. Oh my god, hes worth his weight in gold, Rogers-Hixon said. 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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 next issue of Financial Post Top Stories will soon be in your inbox. Ms. Rogers-Hixon was awarded an honorary doctorate from Huron University College at Western University in November 2018. The power struggle has died down for the moment, and family members speak to one another regularly, she said. For Rogers-Hixon, there appears to be lingering frustration about the way the events played out this fall. Melinda M. Rogers-Hixon. The daughter of the late Ted Rogers is a director at Rogers Communications. This advertisement has not loaded yet, but your article continues below. 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-Hixon serves on the board of Maple Leaf Sports and Entertainment and is Chair of Jays Care Foundation. I believe that my brother wants to do whats right for the company, she said during a 90-minute interview. That allowed him to unilaterally fire five directors whod opposed him. The deal was the subject of a hearing with the Canadian Radio-television and Telecommunications Commission (CRTC) last week. There are 10 executives at Rogers Communications getting paid more, with JosephNatale having the highest compensation of $11,704,000. The Toronto-based telecommunications company said the group is made up of three directors, including Edward's sister Melinda Rogers-Hixon. Ms. Rogers was appointed a director of Rogers Bank on December 31, 2017. Musk Made a Mess at Twitter. Melinda Rogers is 49, she's been the Deputy Chairman of the Board of Rogers Communications since 2018. 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. Create an account or sign in to continue with your reading experience. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. We remain as duly elected members of the Rogers Communications Inc. Board and represent the majority of the Board members of the company. 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Edward wanted Tony Staffieri, the longtime chief financial officer. Melinda Rogers wants peace with her brother Edward, but deep rifts My response to that is we have shareholder meetings for a reason. And as a daughter of my fathers.. 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. . 'We have to find a way to work together': Melinda Rogers-Hixon says it . 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. Terms of use. 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. . 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. 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. That allowed him to unilaterally fire five directors whod opposed him. Melinda Hixon is Deputy Chairman of the Board of Rogers Communication. Melinda Rogers wants peace with her brother but deep rifts remain And for all the differences the two have had, never once, she says, did she doubt his intentions. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. 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. 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We along with the Management continue to work tirelessly on behalf of all stakeholders including customers, employees, and shareholders. The company is coming off its best third quarter in wireless in years. Rogers sister's lawyer expects court to 'shut down' board changes - BNN 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? 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. She joined forces with other board members last month to block the move to replace Natale with Chief Financial Officer Tony Staffieri. 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. The daughter of the late Ted Rogers is a director at 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. Rogers-Hixon, her sister, mother, and numerous directors on the board were against the move; Rogers succeeded in the end. Wait, so now you have a fifth, whos changing the strategy again, Rogers-Hixon said. Subscribe now to read the latest news in your city and across Canada. The information you requested is not available at this time, please check back again soon. Most recently, she was Founder of Rogers Venture Partners from 2011 to 2018. The company is coming off its best third quarter in wireless in years. Musk Made a Mess at Twitter. See the complete profile on LinkedIn and discover Melinda's connections and jobs at similar companies. Melinda Rogers-Hixon's Post - linkedin.com 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 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. I believe that my brother wants to do whats right for the company, she said during a 90-minute interview. 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. . But important matters remain unresolved, including the top executive. There was an error, please provide a valid email address. 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. A statement on behalf of Loretta Rogers, Melinda Rogers-Hixon, Martha Melinda Rogers - Sr VP, Strategy & Development - LinkedIn Thirteen years and youve had four heads of cable? By continuing to use our site, you agree to our Terms of Service and Privacy Policy. 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. 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. We encountered an issue signing you up. She joined forces with other board members last month . She was founder of Rogers . "Think of Bell or Telus," she said, referring to. Melinda Rogers-Hixon wants peace -- within her family and inside the boardroom of Canada's largest wireless and cable company. from the University of Western Ontario and a M.B.A. from Joseph L. Rotman School of Management at the University of Toronto. After all, she points out, they have an obligation to employees, customers and shareholders to do so. There are 19 older and 1 younger executives at Rogers Communications. No other group of individuals has any authority to purport to act as the Board of Directors of Rogers Communications Inc. If you are a Home delivery print subscriber, unlimited online access is. 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. Melinda Rogers wants peace with brother Edward but deep - torontosun 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. Will His AI Plans Be Any Different? For more information:media@rci.rogers.com1-844-226-1338. She told The Globe and Mail that rebuilding relationships isnt only important for the family, but for the future of Rogers and its employees. 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. 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.