Linked companies : Rogers Communications Inc. - Bombardier Inc. Summary. But it will be the largest and most complex deal Rogers Communications has ever done, assuming it can win approval from regulators. Ms. Rogers holds a B.A. Avatar: The Way of Water uses crazy tech, but does it look better or worse? For Rogers-Hixon, there appears to be lingering frustration about the way the events played out this fall. The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. 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. Loretta Rogers, the company matriarch, moved a motion to remove her own son as chairman of Rogers Communications. Melinda Rogers-Hixon 1mo Report this post She was a role model to me and so many women. 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 . But important matters remain unresolved, including the top executive. Melinda Rogers-Hixon is one of three directors on new panel, Third-quarter earnings match estimates; revenue is flat. The conflict isnt personal, she said. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. Also Read: Who is Henry Lebron? 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. How old is Melinda Rogers? . 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 . Comments may take up to an hour for moderation before appearing on the site. Sign-up for MobileSyrup news sent straight to your inbox. What followed was an extraordinary series of events that transfixed corporate Canada. . 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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. Merging with Shaw was a dream held by her late father, company founder Ted Rogers. Musk Made a Mess at Twitter. Rogers matriarch Loretta Rogers wielded a quiet power theglobeandmail.com . Copyright 2023 Surperformance. Change in rank from 2017: No change. Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. 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. 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. 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. 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. There are 19 older and 1 younger executives at Rogers Communications. If you are a Home delivery print subscriber, unlimited online access is. The Toronto-based telecommunications company said the group is made up of three directors, including Edward's sister Melinda Rogers-Hixon. This advertisement has not loaded yet, but your article continues below. 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 is 49, she's been the Deputy Chairman of the Board of Rogers Communications since 2018. 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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. But important matters remain unresolved, including the top executive. She joined forces with other board members last month to block the move to replace Natale with Chief Financial Officer Tony Staffieri. 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. 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. 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Edward wanted Tony Staffieri, the longtime chief financial officer. 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. Ms. Rogers has served as Deputy Chair of the Board of RCI since January 2018, and as Vice Chair of the Rogers Control Trust4 since 2008. Most recently, she was Founder of Rogers Venture Partners from 2011 to 2018. 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. Location: Toronto. Please try again. And not even six months of operating experience, she said. My response to that is we have shareholder meetings for a reason. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. The company is coming off its best third quarter in wireless in years. In the meantime, the revolving door still spins at the companys headquarters in Toronto. 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. The information you requested is not available at this time, please check back again soon. She is Chairman at Jays Care Foundation, Director-Governing Council at the University of Toronto and Member-Governors Board at Huron University . Privacy. Melinda Rogers is 49, she's been the Deputy Chairman of the Board of Rogers Communications since 2018. Read more about cookies here. Rogers-Hixon, her sister, mother, and numerous directors on the board were against the move; Rogers succeeded in the end. She joined forces with other board members last month . Unauthorized distribution, transmission or republication strictly prohibited. Former CEO experience would be, frankly, very nice as well. Staffieri is a career finance executive who hasnt been a CEO before. That allowed him to unilaterally fire five directors whod opposed him. If you want to find out more about us, visit about.rogers.com. Our founder, Ted Rogers, purchased his first radio station, CHFI, in 1960. And for all the differences the two have had, never once, she says, did she doubt his intentions. 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. And as a daughter of my fathers.. A month ago, after prevailing in court, Edward and his board allies installed Staffieri, officially on an interim basis. Most analysts expect Rogers to face a tough negotiation with Canadas competition body and the government before closing the deal sometime in 2022. 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. 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. 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. Rogers-Hixon confirmed she is speaking with her brother but the two have a lot to get through. Ms. Rogers-Hixon serves on the board of Maple Leaf Sports and Entertainment and is Chair of Jays Care Foundation. Rogers-Hixon told the Globe Natale was the best CEO the company had since her father. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. No other group of individuals has any authority to purport to act as the Board of Directors of Rogers Communications Inc. The daughter of the late Ted Rogers is a director at Rogers Communications. . 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 was appointed a director of Rogers Bank on December 31, 2017. Theres a new head of the cable division, Robert Depatie, until recently a director who aligned himself with Edward Rogers in the boardroom battle. Ms. Rogers-Hixon said Thursday in her first interview since a boardroom battle over the company's leadership found her, two of her family members and the majority of the company's independent. If the only thing you know about sports is who wins and who loses, you are missing the highest stakes action of all. 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. Subscribe now to read the latest news in your city and across Canada. The deal was the subject of a hearing with the Canadian Radio-television and Telecommunications Commission (CRTC) last week. Ms. Rogers-Hixon has held progressively senior roles at Rogers since joining the company in 2000. Postmedia has not reviewed the content. . Ted Rogers, she said, would be appalled by recent developments. The daughter of the late Ted Rogers is a director at Rogers Communications. Natale was ousted and replaced by Rogers pick, Tony Staffieri, the companys chief financial officer. She told The Globe and Mail that rebuilding relationships isnt only important for the family, but for the future of Rogers and its employees. Unauthorized distribution, transmission or republication strictly prohibited. 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. 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. But it will be the largest and most complex deal Rogers Communications has ever done, assuming it can win approval from regulators. 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 website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. 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. TORONTO, Oct. 24, 2021 (GLOBE NEWSWIRE) We unequivocally support Joe Natale as CEO and support his management team. Most recently, she was Founder of Rogers Venture Partners from 2011 to 2018. 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. Melinda Rogers-Hixon at her home in Toronto. 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. connected my love of Kyoto with a grand, emotional samurai story, Made in Canada Project Arrow EV concept rolls out on tour, Game designer on intersectionality and increasing Black representation in gaming, New EV Test Track re-energizes the Canadian International Auto Show, Heres whats next in the Rogers and Shaw saga, Canadian carriers end the year with plans a little pricier than before, CRTC chair Ian Scott isnt leaving a legacy behind. 365 Bloor Street East, Toronto, Ontario, M4W 3L4. What followed was an extraordinary series of events that transfixed corporate Canada. 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. Theres a new head of the cable division, Robert Depatie, until recently a director who aligned himself with Edward Rogers in the boardroom battle. And the decisions they make have huge consequences, not just for the bottom line, but for communities, cities, even entire countries. We ask you to keep your comments relevant and respectful. The power struggle has died down for the moment, and family members speak to one another regularly, she said. Melinda Rogers-Hixon at her home in Toronto. 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. 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? 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. Aspects specifically relating to broadcasting were discussed. Ms. Rogers-Hixon was appointed a director of Rogers Bank on December 31, 2017. The next issue of Financial Post Top Stories will soon be in your inbox. 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 whats right for the company, she said during a 90-minute interview. The more unstable we are, the harder it is for us to execute and the easier it is for them to outperform us.. 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.. Executives from Rogers argued this merger was the best for Canadians as it would bring more options to the market and increase competition. The information you requested is not available at this time, please check back again soon. 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. About Rogers Rogers is a proud Canadian company dedicated to making more possible for Canadians each and every day. Recommended from Editorial Former CEO experience would be, frankly, very nice as well. Staffieri is a career finance executive who hasnt been a CEO before. She is the owner of the Loretta Anne yacht. And as a daughter of my fathers.. We apologize, but this video has failed to load. Think of Bell or Telus, she said, referring to Rogerss main competitors. Melinda M. Rogers-Hixon. Edward wanted Tony Staffieri, the longtime chief financial officer. 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. 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. Perched on a sofa inside her home in one of Toronto's most. The power struggle has died down for the moment, and family members speak to one another regularly, she said. Visit our Community Guidelines for more information and details on how to adjust your email settings. Why the Rogers outage was so bad, and how to prevent the next one, ISPs and advocacy groups say new CRTC policy does nothing to address current sky-high internet rates, Happy 35th anniversary to Final Fantasy, my all-time favourite series, Heres why you should play Immortality, 2022s most innovative and original game. 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Major company holdings: Rogers Communications. 2023 Blue Ant Media 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. The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. Think of Bell or Telus, she said, referring to Rogers main competitors.