We encountered an issue signing you up. In the meantime, the revolving door still spins at the companys headquarters in Toronto. Melinda M. Rogers-Hixon. Former CEO experience would be, frankly, very nice as well. Staffieri is a career finance executive who hasnt been a CEO before. 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. This advertisement has not loaded yet, but your article continues below. Ms. Rogers-Hixon was appointed a director of Rogers Bank on December 31, 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. Operating experience is a must for wireless companys CEO, Family has a duty to mend fences after battle, director says. The Toronto-based telecommunications company said the group is made up of three directors, including Edwards sister Melinda Rogers-Hixon. Comments may take up to an hour for moderation before appearing on the site. Postmedia has not reviewed the content. 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. Merging with Shaw was a dream held by her late father, company founder Ted Rogers. Aspects specifically relating to broadcasting were discussed. And the decisions they make have huge consequences, not just for the bottom line, but for communities, cities, even entire countries. 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. 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Linked companies : Rogers Communications Inc. - Bombardier Inc. Summary. Please try again. Think of Bell or Telus, she said, referring to Rogerss main competitors. articles a month for anyone to read, even non-subscribers! 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. And not even six months of operating experience, 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. 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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. 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. 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By continuing to use our site, you agree to our Terms of Service and Privacy Policy. corporate law allows him, as chair of the family trust that holds 97.5 per cent of voting shares in the company, to replace directors at his discretion. 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. Will His AI Plans Be Any Different? The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. This is their biggest dream. Edward wanted Tony Staffieri, the longtime chief financial officer. About RogersRogers is a proud Canadian company dedicated to making more possible for Canadians each and every day. Our board, our management team, and I are totally committed to this deal. Privacy. Oh my god, hes worth his weight in gold, Rogers-Hixon said. I find it quite regrettable.. My response to that is we have shareholder meetings for a reason. The conflict isnt personal, she said. A month ago, after prevailing in court, Edward and his board allies installed Staffieri, officially on an interim basis. 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. Melinda Hixon is Deputy Chairman of the Board of Rogers Communication. We apologize, but this video has failed to load. 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. Merging with Shaw was a dream held by her late father, company founder Ted Rogers. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. This advertisement has not loaded yet, but your article continues below. The company is coming off its best third quarter in wireless in years. 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. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. 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. 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 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 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. 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 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. 365 Bloor Street East, Toronto, Ontario, M4W 3L4. Melinda Rogers-Hixon wants peace -- within her family and inside the boardroom of Canadas largest wireless and cable company. 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 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. The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. But important matters remain unresolved, including the top executive. The next issue of Financial Post Top Stories will soon be in your inbox. Ms. Rogers-Hixon has held progressively senior roles at Rogers Communications Inc. since joining the company in 2000. The deal was the subject of a hearing with the Canadian Radio-television and Telecommunications Commission (CRTC) last week. He brought us the Shaw deal thats no small feat, she said. And as a daughter of my fathers.. melinda.hixon@comcast.net melindahixon1290@yahoo.com melindahixon@alltel.net Current address 2547 Patterson Bridge . As the Deputy Chairman of the Board of Rogers Communications, the total compensation of Melinda Rogers at Rogers Communications is $527,044. The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. I believe that my brother wants to do whats right for the company, she said during a 90-minute interview. 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. The next issue of Financial Post Top Stories will soon be in your inbox. Moments in an interview revealed magnitude of fissures inside Rogers clan and how tricky repairing them will be. Most analysts expect Rogers to face a tough negotiation with Canadas competition body and the government before closing the deal sometime in 2022. She told The Globe and Mail that rebuilding relationships isnt only important for the family, but for the future of Rogers and its employees. Melinda Rogers is 49, she's been the Deputy Chairman of the Board of Rogers Communications since 2018. 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. . 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. If you are a Home delivery print subscriber, unlimited online access is. Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. 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. Oh my god, he's worth his weight in gold," Rogers-Hixon said. Read more about cookies here. Wait, so now you have a fifth, whos changing the strategy again, Rogers-Hixon said. Melinda Rogers-Hixon wants peace -- within her family and inside the boardroom of Canadas largest wireless and cable company. Melinda Mary Rogers serves as Deputy Chairman of the Board of the Company. Public asset : 54,348,805 USD. 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. 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. Executives from Rogers argued this merger was the best for Canadians as it would bring more options to the market and increase competition. Loretta Rogers, the company matriarch, moved a motion to remove her own son as chairman of Rogers Communications. That committee included three people MacDonald, director John Clappison and Melinda Rogers-Hixon, Edward's sister. 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.. No other group of individuals has any authority to purport to act as the Board of Directors of Rogers Communications Inc. 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. 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. Former CEO experience would be, frankly, very nice as well. Staffieri is a career finance executive who hasnt been a CEO before. 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. 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 4d An interesting take on the state of women in the C-suite from Rita Trichur. If you don't see it, please check your junk folder. Theres a new head of the cable division, Robert Depatie, until recently a director who aligned himself with Edward Rogers in the boardroom battle. Ms. Rogers serves on the board of Maple Leaf Sports and Entertainment and is Chair of Jays Care Foundation. Please try again. Rogers is a proud Canadian company dedicated to making more possible for Canadians each and every day. Mr. Rogers and his supporters, meanwhile, believe B.C. Her net worth is estimated to be $8 billion. The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. Melinda Rogers-Hixon's Post. Hed be pissed.. But it will be the largest and most complex deal Rogers Communications has ever done, assuming it can win approval from regulators. The company is coming off its best third quarter in wireless in years. TORONTO, Oct. 24, 2021 (GLOBE NEWSWIRE) We unequivocally support Joe Natale as CEO and support his management team. Ms. Rogers holds a B.A. The conflict isnt personal, 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. 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. 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