A month ago, after prevailing in court, Edward and his board allies installed Staffieri, officially on an interim basis. Edward Rogers, chairman of Rogers Communications Inc., attends a Canadian Radio-Television And Telecommunications Commission (CRTC) hearing in Gatineau, Quebec, in November. Melinda Rogers-Hixon | Bombardier Ms. Rogers-Hixon holds a B.A. Loretta Rogers, the company matriarch, moved a motion to remove her own son as chairman of Rogers Communications. Ms. Rogers-Hixon serves on the board of Maple Leaf Sports and Entertainment and is Chair of Jays Care Foundation. Read more about cookies here. See the complete profile on LinkedIn and discover Melinda's connections and jobs at similar companies. Wait, so now you have a fifth, whos changing the strategy again, Rogers-Hixon said. 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. Create an account or sign in to continue with your reading experience. Recommended from Editorial This advertisement has not loaded yet, but your article continues below. Melinda Rogers-Hixon wants peace within her family and inside the boardroom of Canadas largest wireless and cable company. Melinda Rogers-Hixon at her home in Toronto. My response to that is we have shareholder meetings for a reason. sisters Melinda Rogers-Hixon and Martha Rogers and his mother. 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. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. The information you requested is not available at this time, please check back again soon. She joined forces with other board members last month . 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 daughter of the late Ted Rogers is a director at Rogers Communications. 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. 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. Thirteen years and youve had four heads of cable? Melinda M. Rogers-Hixon - Biography - MarketScreener That allowed him to unilaterally fire five directors whod opposed him. Age : 51. 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. from the University of Western Ontario and a M.B.A. from Joseph L. Rotman School of Management at the University of Toronto. 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. . 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. For more information:media@rci.rogers.com1-844-226-1338. Melinda Rogers wants peace with brother Edward but deep - torontosun 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. Hed be pissed.. The next issue of Financial Post Top Stories will soon be in your inbox. Melinda Hixon corporate profile, background and performance evaluation including other Rogers Communication executives . And not even six months of operating experience, she said. . There are 19 older and 1 younger executives at Rogers Communications. The conflict isnt personal, she said. As the Deputy Chairman of the Board of Rogers Communications, the total compensation of Melinda Rogers at Rogers Communications is $527,044. Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. Melinda Rogers - Toronto Life 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. 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Avatar: The Way of Water uses crazy tech, but does it look better or worse? Melinda Rogers-Hixon, deputy chair of Rogers Communications Inc., at her home in Toronto. I find it quite regrettable.. 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. We apologize, but this video has failed to load. Melinda Rogers-Hixon is one of three directors on new panel, Third-quarter earnings match estimates; revenue is flat. Merging with Shaw was a dream held by her late father, company founder Ted Rogers. 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. Net Worth:$11.57 billion( 26.9% from 2017) Rich 100 rank: #4. Rogers-Hixon told the Globe Natale was the best CEO the company had since her father. Its an obligation, a responsibility -- not only as a board member and a shareholder, but as a member of the family. Article content. 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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 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. Melinda M. Rogers-Hixon - Biography - MarketScreener Ms. Rogers-Hixon has held progressively senior roles at Rogers since joining the company in 2000. He brought us the Shaw deal thats no small feat, she 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. Ms. Rogers-Hixon was appointed a director of Rogers Bank on December 31, 2017. Oh my god, he's worth his weight in gold," Rogers-Hixon said. We ask you to keep your comments relevant and respectful. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. The Toronto-based telecommunications company said the group is made up of three directors, including Edward's sister Melinda Rogers-Hixon. All rights reserved. Theres a new head of the cable division, Robert Depatie, until recently a director who aligned himself with Edward Rogers in the boardroom battle. 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. This is their biggest dream. Ted Rogers, she said, would be appalled by recent developments. Merging with Shaw was a dream held by her late father, company founder Ted Rogers. The company is making several promises to win the favour of investors and government officials, including that it will wring out $1 billion (US$780 million) in savings. After all, she points out, they have an obligation to employees, customers and shareholders to do so. Edward wanted Tony Staffieri, the longtime chief financial officer. 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She is Chairman at Jays Care Foundation, Director-Governing Council at the University of Toronto and Member-Governors Board at Huron University . 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. I believe that my brother wants to do whats right for the company, she said during a 90-minute interview. Public asset : 54,348,805 USD. Rogers is currently in the process of acquiring Shaw, a broadcaster serving Western Canada. from the University of Western Ontario and a M.B.A. from Joseph L. Rotman School of Management at the University of Toronto. 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. Melinda Rogers-Hixon wants peace -- within her family and inside the boardroom of Canadas largest wireless and cable company. 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. Last updated: 1 February 2023 at 11:00am EST. Former CEO experience would be, frankly, very nice as well. Staffieri is a career finance executive who hasnt been a CEO before. 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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. TORONTO, Oct. 24, 2021 (GLOBE NEWSWIRE) We unequivocally support Joe Natale as CEO and support his management team. 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. 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. And the decisions they make have huge consequences, not just for the bottom line, but for communities, cities, even entire countries. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. The next issue of Financial Post Top Stories will soon be in your inbox. 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. The company is coming off its best third quarter in wireless in years. 'We have to find a way to work together': Melinda Rogers-Hixon says it What followed was an extraordinary series of events that transfixed corporate Canada. A month ago, after prevailing in court, Edward and his board allies installed Staffieri, officially on an interim basis. Please try again. Ms. Rogers has held progressively senior roles at Rogers since joining the company in 2000. Copyright 2023 Surperformance. If the only thing you know about sports is who wins and who loses, you are missing the highest stakes action of all. 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. 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