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 joined forces with other board members last month . 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 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. Copyright 2023 Surperformance. There are 10 executives at Rogers Communications getting paid more, with JosephNatale having the highest compensation of $11,704,000. 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. Executives from Rogers argued this merger was the best for Canadians as it would bring more options to the market and increase competition. 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. Most analysts expect Rogers to face a tough negotiation with Canadas competition body and the government before closing the deal sometime in 2022. 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. The Toronto-based telecommunications company said the group is made up of three directors, including Edwards sister Melinda Rogers-Hixon. Comments may take up to an hour for moderation before appearing on the site. 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. 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. The daughter of the late Ted Rogers is a director at Rogers Communications. We encountered an issue signing you up. The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. 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. Oh my god, hes worth his weight in gold, Rogers-Hixon said. from the University of Western Ontario and a M.B.A. from Joseph L. Rotman School of Management at the University of Toronto. 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. . 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. The more unstable we are, the harder it is for us to execute and the easier it is for them to outperform us.. Perched on a sofa inside her home in one of Toronto's most. . No other group of individuals has any authority to purport to act as the Board of Directors of Rogers Comm TORONTO, Oct. 24, 2021 (GLOBE NEWSWIRE) -- We unequivocally support Joe Natale as CEO and . 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. What followed was an extraordinary series of events that transfixed corporate Canada. Ted Rogers, she said, would be appalled by recent developments. There was an error, please provide a valid email address. Ms. Rogers-Hixon serves on the board of Maple Leaf Sports and Entertainment and is Chair of Jays Care Foundation. Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. 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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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. We ask you to keep your comments relevant and respectful. 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 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. Ms. Rogers has held progressively senior roles at Rogers since joining the company in 2000. Location: Toronto. Melinda Rogers-Hixon wants peace within her family and inside the boardroom of Canada's largest wireless and cable company. 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Natale was ousted and replaced by Rogers pick, Tony Staffieri, the companys chief financial officer. 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. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. Rogers-Hixon, her sister, mother, and numerous directors on the board were against the move; Rogers succeeded in the end. The information you requested is not available at this time, please check back again soon. The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. Melinda Rogers-Hixon at her home in Toronto. 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. For more information:media@rci.rogers.com1-844-226-1338. View Melinda Rogers' profile on LinkedIn, the world's largest professional community. Ms. Rogers-Hixon has held progressively senior roles at Rogers Communications Inc. since joining the company in 2000. Think of Bell or Telus, she said, referring to Rogerss main competitors. My response to that is we have shareholder meetings for a reason. About Rogers Rogers is a proud Canadian company dedicated to making more possible for Canadians each and every day. If you are a Home delivery print subscriber, unlimited online access is. Create an account or sign in to continue with your reading experience. Visit our Community Guidelines for more information and details on how to adjust your email settings. All rights reserved. I find it quite regrettable.. See the complete profile on LinkedIn and discover Melinda's connections and jobs at similar companies. The next issue of Financial Post Top Stories will soon be in your inbox. 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. 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. This is their biggest dream. Ms. Rogers was appointed a director of Rogers Bank on December 31, 2017. The deal was the subject of a hearing with the Canadian Radio-television and Telecommunications Commission (CRTC) last week. Ms. Rogers was awarded an honorary doctorate from Huron University College at Western University in November 2018. Comments may take up to an hour for moderation before appearing on the site. Oh my god, hes worth his weight in gold, Rogers-Hixon said. If the only thing you know about sports is who wins and who loses, you are missing the highest stakes action of all. Read more about cookies here. Loretta Rogers, the company matriarch, moved a motion to remove her own son as chairman of Rogers Communications. Please try again. Article content. Read more about cookies here. 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 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. There are 19 older and 1 younger executives at Rogers Communications. "Think of Bell or Telus," she said, referring to. Thirteen years and youve had four heads of cable? 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. Theres a new head of the cable division, Robert Depatie, until recently a director who aligned himself with Edward Rogers in the boardroom battle. 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. 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. 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 Loretta Rogers, 80, who is the Director. Melinda Rogers-Hixon at her home in Toronto. 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. TORONTO, Oct. 24, 2021 (GLOBE NEWSWIRE) We unequivocally support Joe Natale as CEO and support his management team. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. There was an error, please provide a valid email address. 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. Dave Fuller? If you want to find out more about us, visit about.rogers.com. Edward wanted Tony Staffieri, the longtime chief financial officer. 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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. sisters Melinda Rogers-Hixon and Martha Rogers and his mother. He was actually quite principled, and I think hed kick our ass, frankly, she said. Aspects specifically relating to broadcasting were discussed. Copyright 2023 Surperformance. 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. 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 is 49, she's been the Deputy Chairman of the Board of Rogers Communications since 2018. She was founder of Rogers . 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. 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. How old is Melinda Rogers? We ask you to keep your comments relevant and respectful. Terms of use. 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. 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. 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. Edward Rogers, chairman of Rogers Communications Inc., attends a Canadian Radio-Television And Telecommunications Commission (CRTC) hearing in Gatineau, Quebec, in November. Thirteen years and youve had four heads of cable? Former CEO experience would be, frankly, very nice as well. Staffieri is a career finance executive who hasnt been a CEO before. That committee included three people MacDonald, director John Clappison and Melinda Rogers-Hixon, Edward's sister. 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 . 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. 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. 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. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. 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. 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. 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. And the decisions they make have huge consequences, not just for the bottom line, but for communities, cities, even entire countries. Melinda has 1 job listed on their profile. 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. Most recently, she was Founder of Rogers Venture Partners from 2011 to 2018. And not even six months of operating experience, she said. Age, Boxer Wiki, Family, Net worth, Biography Everything about Education Rogers graduated from the University of Miami with a Bachelor of Fine Arts degree. Please try again. Subscribe now to read the latest news in your city and across Canada. Change in rank from 2017: No change. Mr. Rogers and his supporters, meanwhile, believe B.C. 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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 Rogers-Hixon Deputy Chair & Director of the Board, Rogers Communications, Partner GTA Toronto, Ontario, Canada 4K followers 500+ connections Join to follow Generation Transition. Will His AI Plans Be Any Different? About RogersRogers is a proud Canadian company dedicated to making more possible for Canadians each and every day. 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. Its an obligation, a responsibility -- not only as a board member and a shareholder, but as a member of the family. A month ago, after prevailing in court, Edward and his board allies installed Staffieri, officially on an interim basis. A month ago, after prevailing in court, Edward and his board allies installed Staffieri, officially on an interim basis. I believe that my brother wants to do what's right for the company. We remain as duly elected members of the Rogers Communications Inc. Board and represent the majority of the Board members of the company. Ted Rogers, she said, would be appalled by recent developments. In the meantime, the revolving door still spins at the companys headquarters in Toronto. Rogers is currently in the process of acquiring Shaw, a broadcaster serving Western Canada. No other group of individuals has any authority to purport to act as the Board of Directors of Rogers Communications Inc. And not even six months of operating experience, she said. Subscribe now to read the latest news in your city and across Canada. I believe that my brother wants to do whats right for the company, she said during a 90-minute interview. Ms. Rogers-Hixon has held progressively senior roles at Rogers since joining the company in 2000. When Canadian carriers lock their doors, does it change the shopping experience? Our board, our management team, and I are totally committed to this deal. 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