Melinda Rogers-Hixon wants peace -- within her family and inside the boardroom of Canadas largest wireless and cable company. 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. Wireless head Dave Fuller is a Natale protege who has already stated publicly that he doesnt want to work for another CEO. In the meantime, the revolving door still spins at the companys headquarters in Toronto. Ms. Rogers was appointed a director of Rogers Bank on December 31, 2017. 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. She was founder of Rogers . Edward wanted Tony Staffieri, the longtime chief financial officer. 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. There are 19 older and 1 younger executives at Rogers Communications. Melinda Rogers-Hixon | Bombardier Rogers Board Taps Chairman's Sister Melinda to Manage His Talks With Wait, so now you have a fifth, whos changing the strategy again, Rogers-Hixon said. Its an obligation, a responsibility -- not only as a board member and a shareholder, but as a member of the family. from the University of Western Ontario and a M.B.A. from Joseph L. Rotman School of Management at the University of Toronto. 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 deal was the subject of a hearing with the Canadian Radio-television and Telecommunications Commission (CRTC) last week. Canadian telecomm giant Rogers is locked in a real life season of 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. 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. 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. 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Melinda M. Rogers-Hixon - Biography - MarketScreener Postmedia has not reviewed the content. 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. This advertisement has not loaded yet, but your article continues below. If you are a Home delivery print subscriber, unlimited online access is. She joined forces with other board members last month to block the move to replace Natale with Chief Financial Officer Tony Staffieri. And as a daughter of my fathers.. The company is coming off its best third quarter in wireless in years. 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. Merging with Shaw was a dream held by her late father, company founder Ted Rogers. Age : 51. 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. 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. Melinda Rogers is 49, she's been the Deputy Chairman of the Board of Rogers Communications since 2018. See the complete profile on LinkedIn and discover Melinda's connections and jobs at similar companies. Melinda M. Rogers-Hixon. Change in rank from 2017: No change. Rogers-Hixon told the Globe Natale was the best CEO the company had since her father. articles a month for anyone to read, even non-subscribers! 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. Edward wanted Tony Staffieri, the longtime chief financial officer. Please try again. Most recently, she was Founder of Rogers Venture Partners from 2011 to 2018. 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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. Hed be pissed.. . 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. 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. Canada's Richest People: The Rogers Family - Canadian Business 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. Melinda Rogers-Hixon wants peace within her family and inside the boardroom of Canada's largest wireless and cable company. Melinda Rogers-Hixon at her home in Toronto. 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. 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. . I believe that my brother wants to do whats right for the company, she said during a 90-minute interview. Ms. Rogers-Hixon was appointed a director of Rogers Bank on December 31, 2017. Melinda has 1 job listed on their profile. Her net worth is estimated to be $8 billion. Its an obligation, a responsibility not only as a board member and a shareholder, but as a member of the family. The company is coming off its best third quarter in wireless in years. 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. Rogers rift takes new twist as both family factions claim control of Former CEO experience would be, frankly, very nice as well. Staffieri is a career finance executive who hasnt been a CEO before. Loretta Rogers, the company matriarch, moved a motion to remove her own son as chairman of Rogers Communications. Philanthropist and Rogers director, Loretta Rogers, dead at 83 The oldest executive at Rogers Communications Inc. is Loretta Rogers, 80, who is the Director. Will His AI Plans Be Any Different? Natale was ousted and replaced by Rogers pick, Tony Staffieri, the companys chief financial officer. All rights reserved. Melinda M. Rogers-Hixon - Biography - MarketScreener We ask you to keep your comments relevant and respectful. 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. 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. The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. 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). Create an account or sign in to continue with your reading experience. 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. Terms of use. There was an error, please provide a valid email address. And the decisions they make have huge consequences, not just for the bottom line, but for communities, cities, even entire countries. 'We have to find a way to work together': Melinda Rogers-Hixon says it If you want to find out more about us, visit about.rogers.com. Melinda Rogers-Hixon wants peace -- within her family and inside the boardroom of Canada's largest wireless and cable company. Oh my god, he's worth his weight in gold," Rogers-Hixon 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.. Copyright 2023 Surperformance. If you are a Home delivery print subscriber, unlimited online access is. She told The Globe and Mail that rebuilding relationships isnt only important for the family, but for the future of Rogers and its employees. We remain as duly elected members of the Rogers Communications Inc. Board and represent the majority of the Board members of the company. We ask you to keep your comments relevant and respectful. That allowed him to unilaterally fire five directors whod opposed him. 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. Net Worth:$11.57 billion( 26.9% from 2017) Rich 100 rank: #4. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. . A month ago, after prevailing in court, Edward and his board allies installed Staffieri, officially on an interim basis. 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. Subscribe now to read the latest news in your city and across Canada. Melinda Mary Rogers serves as Deputy Chairman of the Board of 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. Melinda Rogers-Hixon is one of three directors on new panel, Third-quarter earnings match estimates; revenue is flat. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. 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. 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. 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. The company is coming off its best third quarter in wireless in years. 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