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. 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. 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. She is Chairman at Jays Care Foundation, Director-Governing Council at the University of Toronto and Member-Governors Board at Huron University . Executives from Rogers argued this merger was the best for Canadians as it would bring more options to the market and increase competition. Ted Rogers, she said, would be appalled by recent developments. 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. But it will be the largest and most complex deal Rogers Communications has ever done, assuming it can win approval from regulators. 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. Age : 51. Mr. Rogers and his supporters, meanwhile, believe B.C. The Toronto-based telecommunications company said the group is made up of three directors, including Edwards sister Melinda Rogers-Hixon. 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. 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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This advertisement has not loaded yet, but your article continues below. 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. Ms. Rogers was awarded an honorary doctorate from Huron University College at Western University in November 2018. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. 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. Postmedia has not reviewed the content. And not even six months of operating experience, she said. Loretta Rogers, the company matriarch, moved a motion to remove her own son as chairman of Rogers Communications. When Canadian carriers lock their doors, does it change the shopping experience? Moments in an interview revealed magnitude of fissures inside Rogers clan and how tricky repairing them will be. He believed Natales performance wasnt up to par. As the Deputy Chairman of the Board of Rogers Communications, the total compensation of Melinda Rogers at Rogers Communications is $527,044. Visit our Community Guidelines for more information and details on how to adjust your email settings. 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. Ted Rogers, she said, would be appalled by recent developments. Its founder, Ted Rogers, purchased his first radio station, CHFI, in 1960. And the decisions they make have huge consequences, not just for the bottom line, but for communities, cities, even entire countries. 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. Ms. Rogers-Hixon serves on the board of Maple Leaf Sports and Entertainment and is Chair of Jays Care Foundation. Our founder, Ted Rogers, purchased his first radio station, CHFI, in 1960. 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 Wireless head Dave Fuller is a Natale protege who has already stated publicly that he doesnt want to work for another CEO. 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. And for all the differences the two have had, never once, she says, did she doubt his intentions. Operating experience is a must for wireless companys CEO, Family has a duty to mend fences after battle, director says. Ms. Rogers-Hixon has held progressively senior roles at Rogers Communications Inc. since joining the company in 2000. Create an account or sign in to continue with your reading experience. 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. He was actually quite principled, and I think hed kick our ass, frankly, she said. Its an obligation, a responsibility not only as a board member and a shareholder, but as a member of the family. 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Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. 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. 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 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. 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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. Major company holdings: Rogers Communications. 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 . Sign-up for MobileSyrup news sent straight to your inbox. Ms. Rogers has held progressively senior roles at Rogers since joining the company in 2000. The Toronto-based telecommunications company said the group is made up of three directors, including Edward's sister Melinda Rogers-Hixon. There was an error, please provide a valid email address. Also Read: Who is Henry Lebron? Comments may take up to an hour for moderation before appearing on the site. The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. Rogers-Hixon, her sister, mother, and numerous directors on the board were against the move; Rogers succeeded in the end. Aspects specifically relating to broadcasting were discussed. This is their biggest dream. 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. 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. If you don't see it, please check your junk folder. Melinda Rogers-Hixon at her home in Toronto. 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? 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 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. The power struggle has died down for the moment, and family members speak to one another regularly, she said. Former CEO experience would be, frankly, very nice as well. Staffieri is a career finance executive who hasnt been a CEO before. 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.. About Rogers Rogers is a proud Canadian company dedicated to making more possible for Canadians each and every day. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. 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. We along with the Management continue to work tirelessly on behalf of all stakeholders including customers, employees, and shareholders. . Melinda Rogers-Hixon 1mo Report this post She was a role model to me and so many women. Musk Made a Mess at Twitter. 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. Recommended from Editorial 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. Create an account or sign in to continue with your reading experience. The oldest executive at Rogers Communications Inc. is Loretta Rogers, 80, who is the Director. 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 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. Avatar: The Way of Water uses crazy tech, but does it look better or worse? 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. TORONTO, Oct. 24, 2021 (GLOBE NEWSWIRE) We unequivocally support Joe Natale as CEO and support his management team. 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. 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. 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. Net Worth:$11.57 billion( 26.9% from 2017) Rich 100 rank: #4. Melinda Rogers-Hixon Deputy Chair & Director of the Board, Rogers Communications, Partner GTA Toronto . She was founder of Rogers . 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.
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