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Please try again. 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. 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. 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. Subscribe now to read the latest news in your city and across Canada. We encountered an issue signing you up. 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. 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 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. 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. Melinda Hixon is Deputy Chairman of the Board of Rogers Communication. 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. Thirteen years and youve had four heads of cable? 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. And not even six months of operating experience, she said. This is their biggest dream. And for all the differences the two have had, never once, she says, did she doubt his intentions. Ms. Rogers-Hixon holds a B.A. 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. 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. 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. Natale was ousted and replaced by Rogers pick, Tony Staffieri, the companys chief financial officer. That committee included three people MacDonald, director John Clappison and Melinda Rogers-Hixon, Edward's sister. Rogers-Hixon confirmed she is speaking with her brother but the two have a lot to get through. Melinda Rogers-Hixon wants peace -- within her family and inside the boardroom of Canada's largest wireless and cable company. Melinda Rogers-Hixon wants peace within her family and inside the boardroom of Canada's largest wireless and cable company. Executives from Rogers argued this merger was the best for Canadians as it would bring more options to the market and increase competition. Change in rank from 2017: No change. Ms. Rogers-Hixon serves on the board of Maple Leaf Sports and Entertainment and is Chair of Jays Care Foundation. Location: Toronto. If the only thing you know about sports is who wins and who loses, you are missing the highest stakes action of all. After all, she points out, they have an obligation to employees, customers and shareholders to do so. Our founder, Ted Rogers, purchased his first radio station, CHFI, in 1960. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. The oldest executive at Rogers Communications Inc. is LorettaRogers, 80, who is the Director. "Think of Bell or Telus," she said, referring to. 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. Subscribe now to read the latest news in your city and across Canada. 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. See the complete profile on LinkedIn and discover Melinda's connections and jobs at similar companies. Rogers-Hixon told the Globe Natale was the best CEO the company had since her father. Ms. Rogers-Hixon was appointed a director of Rogers Bank on December 31, 2017. 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. I believe that my brother wants to do whats right for the company, she said during a 90-minute interview. Musk Made a Mess at Twitter. . She joined forces with other board members last month to block the move to replace Natale with Chief Financial Officer Tony Staffieri. When Canadian carriers lock their doors, does it change the shopping experience? Melinda Rogers-Hixon wants peace within her family and inside the boardroom of Canadas largest wireless and cable company. 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We ask you to keep your comments relevant and respectful. 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. Will His AI Plans Be Any Different? And as a daughter of my fathers.. Its an obligation, a responsibility not only as a board member and a shareholder, but as a member of the family. Read more about cookies here. . 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. And as a daughter of my fathers.. Merging with Shaw was a dream held by her late father, company founder Ted Rogers. But important matters remain unresolved, including the top executive. Terms of use. melinda.hixon@comcast.net melindahixon1290@yahoo.com melindahixon@alltel.net Current address 2547 Patterson Bridge . Edward Rogers, chairman of Rogers Communications Inc., attends a Canadian Radio-Television And Telecommunications Commission (CRTC) hearing in Gatineau, Quebec, in November. Hed be pissed.. Our founder, Ted Rogers, purchased his first radio station, CHFI, in 1960. Dave Fuller? Dave Fuller? Musk Made a Mess at Twitter. That allowed him to unilaterally fire five directors whod opposed him. For Rogers-Hixon, there appears to be lingering frustration about the way the events played out this fall. My response to that is we have shareholder meetings for a reason. 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. He believed Natales performance wasnt up to par. Wait, so now you have a fifth, whos changing the strategy again, Rogers-Hixon said. 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. But important matters remain unresolved, including the top executive. The company is coming off its best third quarter in wireless in years. The power struggle has died down for the moment, and family members speak to one another regularly, she said. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. Just like every other time we have appeared before you, we will always meet our obligations and our commitments, he said on the first day of the hearing. The information you requested is not available at this time, please check back again soon. Unauthorized distribution, transmission or republication strictly prohibited. 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. We apologize, but this video has failed to load. . 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. The daughter of the late Ted Rogers is a director at Rogers Communications. Avatar: The Way of Water uses crazy tech, but does it look better or worse? The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. 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. 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). 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. This is their biggest dream. Melinda Mary Rogers serves as Deputy Chairman of the Board of the Company. 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. There was an error, please provide a valid email address. 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. articles a month for anyone to read, even non-subscribers! 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. 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. 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. About Rogers Rogers is a proud Canadian company dedicated to making more possible for Canadians each and every day. Operating experience is a must for wireless companys CEO, Family has a duty to mend fences after battle, director says. I believe that my brother wants to do whats right for the company, she said during a 90-minute interview. 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. Loretta Rogers, the company matriarch, moved a motion to remove her own son as chairman of Rogers Communications. The oldest executive at Rogers Communications Inc. is Loretta Rogers, 80, who is the Director. There are 10 executives at Rogers Communications getting paid more, with JosephNatale having the highest compensation of $11,704,000. 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. View Melinda Rogers' profile on LinkedIn, the world's largest professional community. Rogers-Hixon, her sister, mother, and numerous directors on the board were against the move; Rogers succeeded in the end. 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. The deal was the subject of a hearing with the Canadian Radio-television and Telecommunications Commission (CRTC) last week. The Toronto-based telecommunications company said the group is made up of three directors, including Edwards sister Melinda Rogers-Hixon. 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? 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. 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. 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. Major company holdings: Rogers Communications. About RogersRogers is a proud Canadian company dedicated to making more possible for Canadians each and every day. Rogers matriarch Loretta Rogers wielded a quiet power theglobeandmail.com . 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. Wait, so now you have a fifth, whos changing the strategy again, Rogers-Hixon said. And the decisions they make have huge consequences, not just for the bottom line, but for communities, cities, even entire countries. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. She was founder of Rogers . The next issue of Financial Post Top Stories will soon be in your inbox. Age, Boxer Wiki, Family, Net worth, Biography Everything about Education Rogers graduated from the University of Miami with a Bachelor of Fine Arts degree. 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. Comments may take up to an hour for moderation before appearing on the site. Most analysts expect Rogers to face a tough negotiation with Canadas competition body and the government before closing the deal sometime in 2022. 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. 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. 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. If you are a Home delivery print subscriber, unlimited online access is. He was actually quite principled, and I think hed kick our ass, frankly, she said. Copyright 2023 Surperformance. The more unstable we are, the harder it is for us to execute and the easier it is for them to outperform us.. Wireless head Dave Fuller is a Natale protege who has already stated publicly that he doesnt want to work for another CEO. Linked companies : Rogers Communications Inc. - Bombardier Inc. Summary. 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. 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. And for all the differences the two have had, never once, she says, did she doubt his intentions. Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. Merging with Shaw was a dream held by her late father, company founder Ted Rogers. 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