2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. Ted Rogers, she said, would be appalled by recent developments. Linked companies : Rogers Communications Inc. - Bombardier Inc. Summary. The information you requested is not available at this time, please check back again soon. We apologize, but this video has failed to load. 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. Our founder, Ted Rogers, purchased his first radio station, CHFI, in 1960. And not even six months of operating experience, she said. Rogers-Hixon confirmed she is speaking with her brother but the two have a lot to get through. Major company holdings: Rogers Communications. The information you requested is not available at this time, please check back again soon. And the decisions they make have huge consequences, not just for the bottom line, but for communities, cities, even entire countries. 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. 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. Melinda Rogers-Hixon's Post. Melinda Rogers-Hixon Deputy Chair & Director of the Board, Rogers Communications, Partner GTA Toronto . She told The Globe and Mail that rebuilding relationships isnt only important for the family, but for the future of Rogers and its employees. Unauthorized distribution, transmission or republication strictly prohibited. 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. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. Melinda M. Rogers-Hixon. 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. And not even six months of operating experience, she said. There are 19 older and 1 younger executives at Rogers Communications. Wireless head Dave Fuller is a Natale protege who has already stated publicly that he doesnt want to work for another CEO. And the decisions they make have huge consequences, not just for the bottom line, but for communities, cities, even entire countries. We ask you to keep your comments relevant and respectful. Melinda Rogers-Hixon wants peace within her family and inside the boardroom of Canada's largest wireless and cable company. The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. The next issue of Financial Post Top Stories will soon be in your inbox. 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 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. Rogers is currently in the process of acquiring Shaw, a broadcaster serving Western Canada. Postmedia has not reviewed the content. My response to that is we have shareholder meetings for a reason. 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. Melinda Hixon is Deputy Chairman of the Board of Rogers Communication. If you are a Home delivery print subscriber, unlimited online access is. Location: Toronto. Melinda Rogers is 49, she's been the Deputy Chairman of the Board of Rogers Communications since 2018. Sign-up for MobileSyrup news sent straight to your inbox. Last updated: 1 February 2023 at 11:00am EST. 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. The daughter of the late Ted Rogers is a director at Rogers Communications. That allowed him to unilaterally fire five directors whod opposed him. 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. 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. 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 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 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. We along with the Management continue to work tirelessly on behalf of all stakeholders including customers, employees, and shareholders. Rogers-Hixon, her sister, mother, and numerous directors on the board were against the move; Rogers succeeded in the end. Executives from Rogers argued this merger was the best for Canadians as it would bring more options to the market and increase competition. There are 19 older and 1 younger executives at Rogers Communications. Terms of use. Public asset : 54,348,805 USD. Visit our Community Guidelines for more information and details on how to adjust your email settings. Create an account or sign in to continue with your reading experience. . Change in rank from 2017: No change. 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? Mr. Rogers and his supporters, meanwhile, believe B.C. Will His AI Plans Be Any Different? Oh my god, hes worth his weight in gold, Rogers-Hixon said. The next issue of Financial Post Top Stories will soon be in your inbox. 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This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. 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. 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 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 . Rogers matriarch Loretta Rogers wielded a quiet power theglobeandmail.com . 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 are doing a job search for somebody to run a $50-billion corporation, I fully and firmly believe operating experience is a must. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. 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. 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. 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. No other group of individuals has any authority to purport to act as the Board of Directors of Rogers Communications Inc. There was an error, please provide a valid email address. from the University of Western Ontario and a M.B.A. from Joseph L. Rotman School of Management at the University of 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. sisters Melinda Rogers-Hixon and Martha Rogers and his mother. In the meantime, the revolving door still spins at the companys headquarters in Toronto. Edward wanted Tony Staffieri, the longtime chief financial officer. 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. 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Melinda Rogers-Hixon wants peace within her family and inside the boardroom of Canadas largest wireless and cable company. View Melinda Rogers' profile on LinkedIn, the world's largest professional community. Melinda Rogers-Hixon wants peace -- within her family and inside the boardroom of Canada's 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. I believe that my brother wants to do whats right for the company, she said during a 90-minute interview. 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. 365 Bloor Street East, Toronto, Ontario, M4W 3L4. For Rogers-Hixon, there appears to be lingering frustration about the way the events played out this fall. A month ago, after prevailing in court, Edward and his board allies installed Staffieri, officially on an interim basis. Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. Our board, our management team, and I are totally committed to this deal. 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. 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. Edward Rogers, chairman of Rogers Communications Inc., attends a Canadian Radio-Television And Telecommunications Commission (CRTC) hearing in Gatineau, Quebec, in November. Copyright 2023 Surperformance. Melinda Hixon corporate profile, background and performance evaluation including other Rogers Communication executives . Melinda Rogers From the archives The Man Who Would Be King: Inside the ruthless battle for control of the $34-billion Rogers empire Edward Rogers expected to run the family empire after the. Wireless head Dave Fuller is a Natale protege who has already stated publicly that he doesnt want to work for another CEO. But important matters remain unresolved, including the top executive. Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. Think of Bell or Telus, she said, referring to Rogerss main competitors. Melinda Rogers is 49, she's been the Deputy Chairman of the Board of Rogers Communications since 2018. Ms. Rogers was awarded an honorary doctorate from Huron University College at Western University in November 2018. The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. About RogersRogers is a proud Canadian company dedicated to making more possible for Canadians each and every day. Most analysts expect Rogers to face a tough negotiation with Canadas competition body and the government before closing the deal sometime in 2022. 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. Our founder, Ted Rogers, purchased his first radio station, CHFI, in 1960. 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. 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. Natale was ousted and replaced by Rogers pick, Tony Staffieri, the companys chief financial officer. 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. 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 for all the differences the two have had, never once, she says, did she doubt his intentions. Most recently, she was Founder of Rogers Venture Partners from 2011 to 2018. Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. 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. He was actually quite principled, and I think hed kick our ass, frankly, she said. The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. She was founder of Rogers . A month ago, after prevailing in court, Edward and his board allies installed Staffieri, officially on an interim basis. The oldest executive at Rogers Communications Inc. is LorettaRogers, 80, who is the Director. Read more about cookies here. Age : 51. The power struggle has died down for the moment, and family members speak to one another regularly, she said. A month ago, after prevailing in court, Edward and his board allies installed Staffieri, officially on an interim basis.
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