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Wait, so now you have a fifth, whos changing the strategy again, Rogers-Hixon said. 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. Copyright 2023 Surperformance. 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Ted Rogers, she said, would be appalled by recent developments. 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 the meantime, the revolving door still spins at the companys headquarters in Toronto. All rights reserved. The conflict isnt personal, she said. Melinda has 1 job listed on their profile. Executives from Rogers argued this merger was the best for Canadians as it would bring more options to the market and increase competition. This is their biggest dream. 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. The information you requested is not available at this time, please check back again soon. After all, she points out, they have an obligation to employees, customers and shareholders to do so. 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. 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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. And as a daughter of my fathers.. Net Worth:$11.57 billion( 26.9% from 2017) Rich 100 rank: #4. articles a month for anyone to read, even non-subscribers! My response to that is we have shareholder meetings for a reason. The next issue of Financial Post Top Stories will soon be in your inbox. Oh my god, he's worth his weight in gold," Rogers-Hixon said. Edward wanted Tony Staffieri, the longtime chief financial officer. Rogers-Hixon, her sister, mother, and numerous directors on the board were against the move; Rogers succeeded in the end. 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. About Rogers Rogers is a proud Canadian company dedicated to making more possible for Canadians each and every day. Rogers-Hixon told the Globe Natale was the best CEO the company had since her father. 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. 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. Wireless head Dave Fuller is a Natale protege who has already stated publicly that he doesnt want to work for another CEO. Copyright 2023 Surperformance. Melinda Rogers is 49, she's been the Deputy Chairman of the Board of Rogers Communications since 2018. And for all the differences the two have had, never once, she says, did she doubt his intentions. For Rogers-Hixon, there appears to be lingering frustration about the way the events played out this fall. 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. The company is coming off its best third quarter in wireless in years. If you want to find out more about us, visit about.rogers.com. Subscribe now to read the latest news in your city and across Canada. Hed be pissed.. Read more about cookies here. The company is coming off its best third quarter in wireless in years. Thirteen years and youve had four heads of cable? Melinda Rogers-Hixon is one of three directors on new panel, Third-quarter earnings match estimates; revenue is flat. There are 10 executives at Rogers Communications getting paid more, with JosephNatale having the highest compensation of $11,704,000. Most recently, she was Founder of Rogers Venture Partners from 2011 to 2018. 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. 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Melinda Hixon is Deputy Chairman of the Board of Rogers Communication. 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, An LG smartphone sits on display in an arranged photograph inside a Rogers Communications Inc. store in Toronto, Ontario. 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. 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. 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. Ms. Rogers-Hixon has held progressively senior roles at Rogers since joining the company in 2000. That allowed him to unilaterally fire five directors whod opposed him. The deal was the subject of a hearing with the Canadian Radio-television and Telecommunications Commission (CRTC) last week. If you are a Home delivery print subscriber, unlimited online access is. Ms. Rogers-Hixon holds a B.A. 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. 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. 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. Melinda Rogers-Hixon at her home in Toronto. 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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? TORONTO, Oct. 24, 2021 (GLOBE NEWSWIRE) We unequivocally support Joe Natale as CEO and support his management team. About RogersRogers is a proud Canadian company dedicated to making more possible for Canadians each and every day. Create an account or sign in to continue with your reading experience. 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 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. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Ms. Rogers has held progressively senior roles at Rogers since joining the company in 2000. Public asset : 54,348,805 USD. Ms. Rogers-Hixon was awarded an honorary doctorate from Huron University College at Western University in November 2018. After all, she points out, they have an obligation to employees, customers and shareholders to do so. He brought us the Shaw deal thats no small feat, she said. melinda.hixon@comcast.net melindahixon1290@yahoo.com melindahixon@alltel.net Current address 2547 Patterson Bridge . Article content. The daughter of the late Ted Rogers is a director at Rogers Communications. Our founder, Ted Rogers, purchased his first radio station, CHFI, in 1960. 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. I believe that my brother wants to do whats right for the company, she said during a 90-minute interview. 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. See the complete profile on LinkedIn and discover Melinda's connections and jobs at similar companies. Loretta Rogers, the company matriarch, moved a motion to remove her own son as chairman of Rogers Communications. Melinda Rogers-Hixon wants peace within her family and inside the boardroom of Canadas largest wireless and cable company. Melinda Rogers-Hixon wants peace -- within her family and inside the boardroom of Canadas largest wireless and cable company. . 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. Loretta Rogers, the company matriarch, moved a motion to remove her own son as chairman of Rogers Communications. 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. Oh my god, hes worth his weight in gold, Rogers-Hixon said. Linked companies : Rogers Communications Inc. - Bombardier Inc. Summary. Will His AI Plans Be Any Different? Major company holdings: Rogers Communications. 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. And for all the differences the two have had, never once, she says, did she doubt his intentions. 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. I believe that my brother wants to do whats right for the company, she said during a 90-minute interview. Former CEO experience would be, frankly, very nice as well. Staffieri is a career finance executive who hasnt been a CEO before. 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 . Please try again. 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. She joined forces with other board members last month to block the move to replace Natale with Chief Financial Officer Tony Staffieri. There are 19 older and 1 younger executives at Rogers Communications. . That allowed him to unilaterally fire five directors whod opposed him. The oldest executive at Rogers Communications Inc. is Loretta Rogers, 80, who is the Director. What followed was an extraordinary series of events that transfixed corporate Canada. We apologize, but this video has failed to load. We encountered an issue signing you up. Ms. Rogers serves on the board of Maple Leaf Sports and Entertainment and is Chair of Jays Care Foundation. Please try again. 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. Melinda Rogers-Hixon Deputy Chair & Director of the Board, Rogers Communications, Partner GTA Toronto . By continuing to use our site, you agree to our Terms of Service and Privacy Policy. 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. Edward wanted Tony Staffieri, the longtime chief financial officer. 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. Ms. Rogers-Hixon serves on the board of Maple Leaf Sports and Entertainment and is Chair of Jays Care Foundation. melinda rogers hixon net worth. But important matters remain unresolved, including the top executive. Natale was ousted and replaced by Rogers pick, Tony Staffieri, the companys chief financial officer. Ms. Rogers-Hixon has held progressively senior roles at Rogers since joining the company in 2000. 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). Merging with Shaw was a dream held by her late father, company founder Ted Rogers. Terms of use. 2023 Blue Ant Media Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. All rights reserved. Change in rank from 2017: No change. 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. 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. 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. 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.
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