This advertisement has not loaded yet, but your article continues below. Ms. Rogers was awarded an honorary doctorate from Huron University College at Western University in November 2018. Its founder, Ted Rogers, purchased his first radio station, CHFI, in 1960. About RogersRogers is a proud Canadian company dedicated to making more possible for Canadians each and every day. 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 the meantime, the revolving door still spins at the companys headquarters in Toronto. Melinda Rogers-Hixon is one of three directors on new panel, Third-quarter earnings match estimates; revenue is flat. Melinda Rogers is 49, she's been the Deputy Chairman of the Board of Rogers Communications since 2018. Think of Bell or Telus, she said, referring to Rogers main competitors. Read more about cookies here. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. Her net worth is estimated to be $8 billion. 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. Visit our Community Guidelines for more information and details on how to adjust your email settings. Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. 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. 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. 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. If the only thing you know about sports is who wins and who loses, you are missing the highest stakes action of all. Rogers Communications Inc. has created a committee to set the rules for how Chairman Edward Rogers can interact with senior executives after he tried and failed to fire Chief Executive Officer Joe Natale. Former CEO experience would be, frankly, very nice as well. Staffieri is a career finance executive who hasnt been a CEO before. I believe that my brother wants to do what's right for the 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. 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. The daughter of the late Ted Rogers is a director at Rogers Communications. Operating experience is a must for wireless companys CEO, Family has a duty to mend fences after battle, director says. This is their biggest dream. Sign-up for MobileSyrup news sent straight to your inbox. Ms. Rogers holds a B.A. 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. 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We encountered an issue signing you up. But important matters remain unresolved, including the top executive. Oh my god, he's worth his weight in gold," Rogers-Hixon said. 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). Most analysts expect Rogers to face a tough negotiation with Canadas competition body and the government before closing the deal sometime in 2022. The Toronto-based telecommunications company said the group is made up of three directors, including Edwards sister Melinda Rogers-Hixon. Ms. Rogers-Hixon was awarded an honorary doctorate from Huron University College at Western University in November 2018. 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. 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. The Toronto-based telecommunications company said the group is made up of three directors, including Edward's sister Melinda Rogers-Hixon. The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. 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. I think we will have a strong judge in British Columbia and I think the judge will see through this, Soliman said in an interview. 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. 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. . 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. 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. 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Rogers is a proud Canadian company dedicated to making more possible for Canadians each and every day. For Rogers-Hixon, there appears to be lingering frustration about the way the events played out this fall. And the decisions they make have huge consequences, not just for the bottom line, but for communities, cities, even entire countries. I believe that my brother wants to do whats right for the company, she said during a 90-minute interview. In the meantime, the revolving door still spins at the companys headquarters in Toronto. The deal was the subject of a hearing with the Canadian Radio-television and Telecommunications Commission (CRTC) last week. Rogers assured the CRTC drama surrounding the board wouldnt make its way into the merger. Please try again. 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. Melinda Rogers is 49, she's been the Deputy Chairman of the Board of Rogers Communications since 2018. from the University of Western Ontario and a M.B.A. from Joseph L. Rotman School of Management at the University of Toronto. If you don't see it, please check your junk folder. But important matters remain unresolved, including the top executive. 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. Aspects specifically relating to broadcasting were discussed. Melinda has 1 job listed on their profile. After all, she points out, they have an obligation to employees, customers and shareholders to do so. Ms. Rogers-Hixon holds a B.A. What followed was an extraordinary series of events that transfixed corporate Canada. Subscribe now to read the latest news in your city and across Canada. 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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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. Unauthorized distribution, transmission or republication strictly prohibited. Moments in an interview revealed magnitude of fissures inside Rogers clan and how tricky repairing them will be. 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. He brought us the Shaw deal thats no small feat, she said. All rights reserved. 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. 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. For Rogers-Hixon, there appears to be lingering frustration about the way the events played out this fall. Article content. Will His AI Plans Be Any Different? 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. articles a month for anyone to read, even non-subscribers! We will stand behind each and every commitment made by our team today. Age, Boxer Wiki, Family, Net worth, Biography Everything about Education Rogers graduated from the University of Miami with a Bachelor of Fine Arts degree. She joined forces with other board members last month to block the move to replace Natale with Chief Financial Officer Tony Staffieri. Its an obligation, a responsibility not only as a board member and a shareholder, but as a member of the family. 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 Rogers-Hixon wants peace -- within her family and inside the boardroom of Canadas largest wireless and cable company. The next issue of Financial Post Top Stories will soon be in your inbox. Copyright 2023 Surperformance. That committee included three people MacDonald, director John Clappison and Melinda Rogers-Hixon, Edward's sister. . Ms. Rogers serves on the board of Maple Leaf Sports and Entertainment and is Chair of Jays Care Foundation. from the University of Western Ontario and a M.B.A. from Joseph L. Rotman School of Management at the University of Toronto. We ask you to keep your comments relevant and respectful. 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. 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. 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. He believed Natales performance wasnt up to par. 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. Most recently, she was Founder of Rogers Venture Partners from 2011 to 2018. The next issue of Financial Post Top Stories will soon be in your inbox. 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 . 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. 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. 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. This is their biggest dream. Location: Toronto. Executives from Rogers argued this merger was the best for Canadians as it would bring more options to the market and increase competition. 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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. 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. "Think of Bell or Telus," she said, referring to. The more unstable we are, the harder it is for us to execute and the easier it is for them to outperform us.. Loretta Rogers, the company matriarch, moved a motion to remove her own son as chairman of Rogers Communications. 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. The information you requested is not available at this time, please check back again soon. 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Please try again. And as a daughter of my fathers.. 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. Musk Made a Mess at Twitter. Our founder, Ted Rogers, purchased his first radio station, CHFI, in 1960. Will His AI Plans Be Any Different? Melinda Rogers-Hixon at her home in Toronto. The conflict isnt personal, she said. Melinda Rogers-Hixon wants peace -- within her family and inside the boardroom of Canadas largest wireless and cable company. The conflict isnt personal, she said. Oh my god, hes worth his weight in gold, Rogers-Hixon said. Ms. Rogers-Hixon has held progressively senior roles at Rogers since joining the company in 2000. 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. Major company holdings: Rogers Communications. The power struggle has died down for the moment, and family members speak to one another regularly, she said. 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.. There are 19 older and 1 younger executives at Rogers Communications. Ted Rogers, she said, would be appalled by recent developments. Dave Fuller? Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. Copyright 2023 Surperformance. Our founder, Ted Rogers, purchased his first radio station, CHFI, in 1960. 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 . The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Ms. Rogers has held progressively senior roles at Rogers since joining the company in 2000. Most recently, she was Founder of Rogers Venture Partners from 2011 to 2018. Read more about cookies here. The oldest executive at Rogers Communications Inc. is Loretta Rogers, 80, who is the Director.