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What followed was an extraordinary series of events that transfixed corporate 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 was founder of Rogers . This is their biggest dream. Melinda Rogers-Hixon Deputy Chair & Director of the Board, Rogers Communications, Partner GTA Toronto . The Toronto-based telecommunications company said the group is made up of three directors, including Edward's sister Melinda Rogers-Hixon. There was an error, please provide a valid email address. Our founder, Ted Rogers, purchased his first radio station, CHFI, in 1960. 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. 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. If you are a Home delivery print subscriber, unlimited online access is. For more information:[email protected]. 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. 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. Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. That allowed him to unilaterally fire five directors whod opposed him. But important matters remain unresolved, including the top executive. The next issue of Financial Post Top Stories will soon be in your inbox. 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. For Rogers-Hixon, there appears to be lingering frustration about the way the events played out this fall. Oh my god, hes worth his weight in gold, Rogers-Hixon said. Operating experience is a must for wireless companys CEO, Family has a duty to mend fences after battle, director says. 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. And as a daughter of my fathers.. 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About RogersRogers is a proud Canadian company dedicated to making more possible for Canadians each and every day. 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. Rogers is a proud Canadian company dedicated to making more possible for Canadians each and every day. 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. The daughter of the late Ted Rogers is a director at Rogers Communications. 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. Unauthorized distribution, transmission or republication strictly prohibited. We will stand behind each and every commitment made by our team today. Our founder, Ted Rogers, purchased his first radio station, CHFI, in 1960. 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. Ms. Rogers-Hixon was awarded an honorary doctorate from Huron University College at Western University in November 2018. 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. Hed be pissed.. Subscribe now to read the latest news in your city and across Canada. 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 next issue of Financial Post Top Stories will soon be in your inbox. We remain as duly elected members of the Rogers Communications Inc. Board and represent the majority of the Board members of the company. 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. 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. Also Read: Who is Henry Lebron? 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. 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. 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. 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. If you are a Home delivery print subscriber, unlimited online access is. Create an account or sign in to continue with your reading experience. 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. And not even six months of operating experience, she said. Wireless head Dave Fuller is a Natale protege who has already stated publicly that he doesnt want to work for another CEO. All rights reserved. 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? 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. . In the meantime, the revolving door still spins at the companys headquarters in Toronto. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. 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. There are 19 older and 1 younger executives at Rogers Communications. Ms. Rogers was awarded an honorary doctorate from Huron University College at Western University in November 2018. 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. But it will be the largest and most complex deal Rogers Communications has ever done, assuming it can win approval from regulators. There are 10 executives at Rogers Communications getting paid more, with JosephNatale having the highest compensation of $11,704,000. 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. 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. 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. Most analysts expect Rogers to face a tough negotiation with Canadas competition body and the government before closing the deal sometime in 2022. 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. Create an account or sign in to continue with your reading experience. 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. Melinda Rogers-Hixon, deputy chair of Rogers Communications Inc., at her home in Toronto. Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. Ms. Rogers holds a B.A. What followed was an extraordinary series of events that transfixed corporate Canada. Melinda Hixon is Deputy Chairman of the Board of Rogers Communication. If you want to find out more about us, visit about.rogers.com. articles a month for anyone to read, even non-subscribers! Ted Rogers, she said, would be appalled by recent developments. Please try again. Net Worth:$11.57 billion( 26.9% from 2017) Rich 100 rank: #4. 2023 Blue Ant Media Edward wanted Tony Staffieri, the longtime chief financial officer. There are 19 older and 1 younger executives at Rogers Communications. She is Chairman at Jays Care Foundation, Director-Governing Council at the University of Toronto and Member-Governors Board at Huron University . If the only thing you know about sports is who wins and who loses, you are missing the highest stakes action of all. Visit our Community Guidelines for more information and details on how to adjust your email settings. Comments may take up to an hour for moderation before appearing on the site. Merging with Shaw was a dream held by her late father, company founder Ted Rogers. Oh my god, he's worth his weight in gold," Rogers-Hixon said. Wait, so now you have a fifth, whos changing the strategy again, Rogers-Hixon said. Ted Rogers, she said, would be appalled by recent developments. Dave Fuller? 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. Wait, so now you have a fifth, whos changing the strategy again, Rogers-Hixon said. The company is coming off its best third quarter in wireless in years. We apologize, but this video has failed to load. Rogers totally committed to Shaw acquisition, chair says as CRTC hearings begin, Joe Natale out as Rogers CEO, to be replaced by former CFO Staffieri, Its the founders way or the highway: Governance at Rogers has raised eyebrows before, Rogers faces recruiting trouble if CEO is ousted, Newhaven president says, 'Its the founders way or the highway': Governance at Rogers has raised eyebrows before, 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. Melinda has 1 job listed on their profile. articles a month for anyone to read, even non-subscribers! Melinda Rogers-Hixon is one of three directors on new panel, Third-quarter earnings match estimates; revenue is flat. Change in rank from 2017: No change. 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. 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 . No other group of individuals has any authority to purport to act as the Board of Directors of Rogers Communications Inc. After all, she points out, they have an obligation to employees, customers and shareholders to do so. 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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. Executives from Rogers argued this merger was the best for Canadians as it would bring more options to the market and increase competition. The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. 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. Article content. And for all the differences the two have had, never once, she says, did she doubt his intentions. She is Chairman at Jays Care Foundation, Director-Governing Council at the University of Toronto and Member-Governors Board at Huron University College and on the board of 7 other companies. Her net worth is estimated to be $8 billion. Loretta Rogers, the company matriarch, moved a motion to remove her own son as chairman of Rogers Communications. Please try again. The information you requested is not available at this time, please check back again soon. 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. Our board, our management team, and I are totally committed to this deal. But it will be the largest and most complex deal Rogers Communications has ever done, assuming it can win approval from regulators.