Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. 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. 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. Ms. Rogers serves on the board of Maple Leaf Sports and Entertainment and is Chair of Jays Care Foundation. Create an account or sign in to continue with your reading experience. The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. Ms. Rogers was awarded an honorary doctorate from Huron University College at Western University in November 2018. Rogers-Hixon confirmed she is speaking with her brother but the two have a lot to get through. Theres a new head of the cable division, Robert Depatie, until recently a director who aligned himself with Edward Rogers in the boardroom battle. articles a month for anyone to read, even non-subscribers! The company is coming off its best third quarter in wireless in years. Age : 51. 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. 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. Dave Fuller? Most analysts expect Rogers to face a tough negotiation with Canadas competition body and the government before closing the deal sometime in 2022. Natale was ousted and replaced by Rogers pick, Tony Staffieri, the companys chief financial officer. Her net worth is estimated to be $8 billion. Age, Boxer Wiki, Family, Net worth, Biography Everything about Education Rogers graduated from the University of Miami with a Bachelor of Fine Arts degree. Ms. Rogers was appointed a director of Rogers Bank on December 31, 2017. 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. Melinda Rogers-Hixon wants to move past the family drama - MobileSyrup 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. Its an obligation, a responsibility not only as a board member and a shareholder, but as a member of the family. Canadian telecomm giant Rogers is locked in a real life season of Visit our Community Guidelines for more information and details on how to adjust your email settings. 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 the meantime, the revolving door still spins at the companys headquarters in Toronto. She was founder of Rogers . from the University of Western Ontario and a M.B.A. from Joseph L. Rotman School of Management at the University of Toronto. Melinda Rogers Net Worth (2023) | wallmine CA 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. Subscribe now to read the latest news in your city and across Canada. 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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Visit our Community Guidelines for more information and details on how to adjust your email settings. 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. 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. 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. Melinda Rogers is 49, she's been the Deputy Chairman of the Board of Rogers Communications since 2018. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. 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. Privacy. No other group of individuals has any authority to purport to act as the Board of Directors of Rogers Communications Inc. Comments may take up to an hour for moderation before appearing on the site. There was an error, please provide a valid email address. He was actually quite principled, and I think hed kick our ass, frankly, she said. 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. A month ago, after prevailing in court, Edward and his board allies installed Staffieri, officially on an interim basis. 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. All rights reserved. There are 10 executives at Rogers Communications getting paid more, with JosephNatale having the highest compensation of $11,704,000. 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. Please try again. Rogers-Hixon told the Globe Natale was the best CEO the company had since her father. 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. 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 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. Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. And not even six months of operating experience, she said. Our founder, Ted Rogers, purchased his first radio station, CHFI, in 1960. Oh my god, he's worth his weight in gold," Rogers-Hixon said. The company is coming off its best third quarter in wireless in years. Thirteen years and youve had four heads of cable? 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. 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 apologize, but this video has failed to load. The oldest executive at Rogers Communications Inc. is LorettaRogers, 80, who is the Director. Melinda M. Rogers-Hixon - Rogers Investor Relations There was an error, please provide a valid email address. Rogers Board Taps Chairman's Sister Melinda to Manage His Talks With After all, she points out, they have an obligation to employees, customers and shareholders to do so. 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. Dave Fuller? Postmedia has not reviewed the content. 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Rogers rift takes new twist as both family factions claim control of Most analysts expect Rogers to face a tough negotiation with Canadas competition body and the government before closing the deal sometime in 2022. sisters Melinda Rogers-Hixon and Martha Rogers and his mother. We along with the Management continue to work tirelessly on behalf of all stakeholders including customers, employees, and shareholders. Will His AI Plans Be Any Different? 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. If you are a Home delivery print subscriber, unlimited online access is. Musk Made a Mess at Twitter. Ms. Rogers-Hixon holds a B.A. When Canadian carriers lock their doors, does it change the shopping experience? He believed Natales performance wasnt up to par. We apologize, but this video has failed to load. Read more about cookies here. Most recently, she was Founder of Rogers Venture Partners from 2011 to 2018. The power struggle has died down for the moment, and family members speak to one another regularly, she said. 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). 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Melinda Rogers wants peace with her brother Edward, but deep rifts 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. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, This Week in Crypto: Ukraine War, Marathon Digital, FTX. 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. 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. He brought us the Shaw deal thats no small feat, she said. The information you requested is not available at this time, please check back again soon. 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. Ms. Rogers holds a B.A. Melinda Rogers-Hixon, deputy chair of Rogers Communications Inc., at her home in Toronto. Rogers is currently in the process of acquiring Shaw, a broadcaster serving Western Canada. The company is coming off its best third quarter in wireless in years. Melinda Rogers-Hixon Deputy Chair & Director of the Board, Rogers Communications, Partner GTA Toronto . . 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. 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. We remain as duly elected members of the Rogers Communications Inc. Board and represent the majority of the Board members of the company. If you don't see it, please check your junk folder. A statement on behalf of Loretta Rogers, Melinda Rogers-Hixon, Martha Ms. Rogers-Hixon was appointed a director of Rogers Bank on December 31, 2017. And for all the differences the two have had, never once, she says, did she doubt his intentions. Former CEO experience would be, frankly, very nice as well. Staffieri is a career finance executive who hasnt been a CEO before. 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. Ms. Rogers has held progressively senior roles at Rogers since joining the company in 2000. The oldest executive at Rogers Communications Inc. is Loretta Rogers, 80, who is the Director. Ms. Rogers-Hixon has held progressively senior roles at Rogers since joining the company in 2000. Melinda has 1 job listed on their profile. The conflict isnt personal, she said. The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Melinda Rogers wants peace with brother Edward but deep - torontosun 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. If the only thing you know about sports is who wins and who loses, you are missing the highest stakes action of all. 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. 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. 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 are a Home delivery print subscriber, unlimited online access is. That allowed him to unilaterally fire five directors whod opposed him. But important matters remain unresolved, including the top executive. A month ago, after prevailing in court, Edward and his board allies installed Staffieri, officially on an interim basis. And the decisions they make have huge consequences, not just for the bottom line, but for communities, cities, even entire countries. 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. 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 Rogers-Hixon at her home in Toronto. Melinda Rogers-Hixon is one of three directors on new panel, Third-quarter earnings match estimates; revenue is flat. The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. Melinda Hixon corporate profile, background and performance evaluation including other Rogers Communication executives . Ted Rogers, she said, would be appalled by recent developments. Oh my god, hes worth his weight in gold, Rogers-Hixon said. 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. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. Terms of use. Major company holdings: Rogers Communications. 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. 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. Melinda Rogers is 49, she's been the Deputy Chairman of the Board of Rogers Communications since 2018. 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. 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. Copyright 2023 Surperformance. All rights reserved. Philanthropist and Rogers director, Loretta Rogers, dead at 83 This is their biggest dream. 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 Toronto-based telecommunications company said the group is made up of three directors, including Edwards sister Melinda Rogers-Hixon. Merging with Shaw was a dream held by her late father, company founder Ted Rogers. For Rogers-Hixon, there appears to be lingering frustration about the way the events played out this fall. The information you requested is not available at this time, please check back again soon. Melinda Rogers-Hixon 1mo Report this post She was a role model to me and so many women. 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. 'We'll spend every penny,' Rogers sister warns amid family war Former CEO experience would be, frankly, very nice as well. Staffieri is a career finance executive who hasnt been a CEO before. Please try again. Unauthorized distribution, transmission or republication strictly prohibited. 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. Edward wanted Tony Staffieri, the longtime chief financial officer. Rogers sister's lawyer expects court to 'shut down' board changes - BNN 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 chair position, was beyond his authority. 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. Loretta Rogers, the company matriarch, moved a motion to remove her own son as chairman of Rogers Communications. Executives from Rogers argued this merger was the best for Canadians as it would bring more options to the market and increase competition. Melinda Rogers - Sr VP, Strategy & Development - LinkedIn If the only thing you know about sports is who wins and who loses, you are missing the highest stakes action of all. 2023 Blue Ant Media Last updated: 1 February 2023 at 11:00am EST. Merging with Shaw was a dream held by her late father, company founder Ted Rogers. We encountered an issue signing you up. 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. Canada's Richest People: The Rogers Family - Canadian Business 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. Will His AI Plans Be Any Different? After all, she points out, they have an obligation to employees, customers and shareholders to do so. 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 at her home in Toronto. Melinda Rogers-Hixon | Bombardier The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. What followed was an extraordinary series of events that transfixed corporate Canada. But it will be the largest and most complex deal Rogers Communications has ever done, assuming it can win approval from regulators. The more unstable we are, the harder it is for us to execute and the easier it is for them to outperform us.. Melinda Hixon's Instagram, Twitter & Facebook on IDCrawl The daughter of the late Ted Rogers is a director at Rogers Communications. Melinda Rogers-Hixon Wants Peace With Edward Rogers But Deep Rifts Rogers is a proud Canadian company dedicated to making more possible for Canadians each and every day. 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. 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. 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. I find it quite regrettable.. And not even six months of operating experience, she said. Hed be pissed.. And for all the differences the two have had, never once, she says, did she doubt his intentions. Unauthorized distribution, transmission or republication strictly prohibited. Think of Bell or Telus, she said, referring to Rogers main competitors. 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. Melinda Rogers-Hixon wants peace -- within her family and inside the boardroom of Canadas largest wireless and cable company. What followed was an extraordinary series of events that transfixed corporate Canada. She joined forces with other board members last month to block the move to replace Natale with Chief Financial Officer Tony Staffieri. TORONTO, Oct. 24, 2021 (GLOBE NEWSWIRE) We unequivocally support Joe Natale as CEO and support his management team. Melinda Hixon is Deputy Chairman of the Board of Rogers Communication. Ms. Rogers-Hixon was appointed a director of Rogers Bank on December 31, 2017. 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.