Ms. Rogers-Hixon serves on the board of Maple Leaf Sports and Entertainment and is Chair of Jays Care Foundation. Edward wanted Tony Staffieri, the longtime chief financial officer. 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. Melinda Hixon corporate profile, background and performance evaluation including other Rogers Communication executives . 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. Copyright 2023 Surperformance. Theres a new head of the cable division, Robert Depatie, until recently a director who aligned himself with Edward Rogers in the boardroom battle. There was an error, please provide a valid email address. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. And not even six months of operating experience, she said. 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. View Melinda Rogers' profile on LinkedIn, the world's largest professional community. But important matters remain unresolved, including the top executive. 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. Wait, so now you have a fifth, whos changing the strategy again, Rogers-Hixon said. 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. We remain as duly elected members of the Rogers Communications Inc. Board and represent the majority of the Board members of the company. 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 along with the Management continue to work tirelessly on behalf of all stakeholders including customers, employees, and shareholders. Rogers-Hixon told the Globe Natale was the best CEO the company had since her father. 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. 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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. The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. The company is coming off its best third quarter in wireless in years. 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. 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. 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. 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. She told The Globe and Mail that rebuilding relationships isnt only important for the family, but for the future of Rogers and its employees. All rights reserved. My response to that is we have shareholder meetings for a reason. Ms. Rogers has held progressively senior roles at Rogers since joining the company in 2000. Thirteen years and youve had four heads of cable? Linked companies : Rogers Communications Inc. - Bombardier Inc. Summary. This advertisement has not loaded yet, but your article continues below. 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. Postmedia has not reviewed the content. But it will be the largest and most complex deal Rogers Communications has ever done, assuming it can win approval from regulators. 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 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 the owner of the Loretta Anne yacht. This is their biggest dream. If you are a Home delivery print subscriber, unlimited online access is. 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 Hixon is Deputy Chairman of the Board of Rogers Communication. 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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Mr. Rogers and his supporters, meanwhile, believe B.C. She joined forces with other board members last month to block the move to replace Natale with Chief Financial Officer Tony Staffieri. . 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. No other group of individuals has any authority to purport to act as the Board of Directors of Rogers Communications Inc. Article content. For Rogers-Hixon, there appears to be lingering frustration about the way the events played out this fall. Perched on a sofa inside her home in one of Toronto's most. Our founder, Ted Rogers, purchased his first radio station, CHFI, in 1960. . Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. 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. Her net worth is estimated to be $8 billion. Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. And the decisions they make have huge consequences, not just for the bottom line, but for communities, cities, even entire countries. Recommended from Editorial She was founder of 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. 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. Loretta Rogers, the company matriarch, moved a motion to remove her own son as chairman of Rogers Communications. Melinda has 1 job listed on their profile. Ted Rogers, she said, would be appalled by recent developments. But it will be the largest and most complex deal Rogers Communications has ever done, assuming it can win approval from regulators. We ask you to keep your comments relevant and respectful. The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. The next issue of Financial Post Top Stories will soon be in your inbox. Its an obligation, a responsibility -- not only as a board member and a shareholder, but as a member of the family. 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. The conflict isnt personal, she said. Executives from Rogers argued this merger was the best for Canadians as it would bring more options to the market and increase competition. The conflict isnt personal, she said. If you don't see it, please check your junk folder. When Canadian carriers lock their doors, does it change the shopping experience? Melinda M. Rogers-Hixon. The oldest executive at Rogers Communications Inc. is Loretta Rogers, 80, who is the Director. from the University of Western Ontario and a M.B.A. from Joseph L. Rotman School of Management at the University of Toronto. For Rogers-Hixon, there appears to be lingering frustration about the way the events played out this fall. See the complete profile on LinkedIn and discover Melinda's connections and jobs at similar companies. Ms. Rogers-Hixon holds a B.A. 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. Melinda Rogers-Hixon wants peace -- within her family and inside the boardroom of Canadas largest wireless and cable company. Merging with Shaw was a dream held by her late father, company founder Ted Rogers. Read more about cookies here. A month ago, after prevailing in court, Edward and his board allies installed Staffieri, officially on an interim basis. The power struggle has died down for the moment, and family members speak to one another regularly, she said. If you don't see it, please check your junk folder. Melinda Rogers-Hixon's Post. Melinda Rogers is 49, she's been the Deputy Chairman of the Board of Rogers Communications since 2018. 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. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Rogers is a proud Canadian company dedicated to making more possible for Canadians each and every day. 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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. Dave Fuller? 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. And not even six months of operating experience, she said. But important matters remain unresolved, including the top executive. We encountered an issue signing you up. Edward wanted Tony Staffieri, the longtime chief financial officer. Natale was ousted and replaced by Rogers pick, Tony Staffieri, the companys chief financial officer. 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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. Oh my god, hes worth his weight in gold, Rogers-Hixon said. Visit our Community Guidelines for more information and details on how to adjust your email settings. 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. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. 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. 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. The daughter of the late Ted Rogers is a director at Rogers Communications. Melinda Rogers-Hixon is one of three directors on new panel, Third-quarter earnings match estimates; revenue is flat. Right now it feels a bit raw, and I think we need to take a bit of time and then sit down and try to figure out how to rebuild it.. Rogers is currently in the process of acquiring Shaw, a broadcaster serving Western Canada. If the only thing you know about sports is who wins and who loses, you are missing the highest stakes action of all. 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. Melinda Rogers-Hixon Deputy Chair & Director of the Board, Rogers Communications, Partner GTA Toronto . 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. 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. 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. 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. If you are a Home delivery print subscriber, unlimited online access is. Unauthorized distribution, transmission or republication strictly prohibited. The more unstable we are, the harder it is for us to execute and the easier it is for them to outperform us.. There was an error, please provide a valid email address.
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