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. 365 Bloor Street East, Toronto, Ontario, M4W 3L4. The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. 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. Aspects specifically relating to broadcasting were discussed. She is the owner of the Loretta Anne yacht. 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. Ms. Rogers-Hixon has held progressively senior roles at Rogers Communications Inc. since joining the company in 2000. 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. 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.. The company is coming off its best third quarter in wireless in years. Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. Thirteen years and youve had four heads of cable? Ms. Rogers has held progressively senior roles at Rogers since joining the company in 2000. The conflict isnt personal, she said. Recommended from Editorial Our founder, Ted Rogers, purchased his first radio station, CHFI, in 1960. The power struggle has died down for the moment, and family members speak to one another regularly, she said. He was actually quite principled, and I think hed kick our ass, frankly, she said. Rogers matriarch Loretta Rogers wielded a quiet power theglobeandmail.com . 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. 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. 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. 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. There are 19 older and 1 younger executives at Rogers Communications. Former CEO experience would be, frankly, very nice as well. Staffieri is a career finance executive who hasnt been a CEO before. Edward wanted Tony Staffieri, the longtime chief financial officer. Will His AI Plans Be Any Different? He brought us the Shaw deal thats no small feat, she said. 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. 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. Melinda has 1 job listed on their profile. Melinda Rogers-Hixon at her home in Toronto. 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. We encountered an issue signing you up. Ms. Rogers was awarded an honorary doctorate from Huron University College at Western University in November 2018. melinda rogers hixon net worth. The daughter of the late Ted Rogers is a director at Rogers Communications. from the University of Western Ontario and a M.B.A. from Joseph L. Rotman School of Management at the University of Toronto. 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. We along with the Management continue to work tirelessly on behalf of all stakeholders including customers, employees, and shareholders. 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). 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. Its an obligation, a responsibility -- not only as a board member and a shareholder, but as a member of the family. 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. 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. The daughter of the late Ted Rogers is a director at Rogers Communications. Visit our Community Guidelines for more information and details on how to adjust your email settings. Moments in an interview revealed magnitude of fissures inside Rogers clan and how tricky repairing them will be. If the only thing you know about sports is who wins and who loses, you are missing the highest stakes action of all. Wireless head Dave Fuller is a Natale protege who has already stated publicly that he doesnt want to work for another CEO. Ms. Rogers-Hixon has held progressively senior roles at Rogers since joining the company in 2000. There was an error, please provide a valid email address. Mr. Rogers and his supporters, meanwhile, believe B.C. Former CEO experience would be, frankly, very nice as well. Staffieri is a career finance executive who hasnt been a CEO before. 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. 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 was appointed a director of Rogers Bank on December 31, 2017. Read more about cookies here. Ms. Rogers-Hixon serves on the board of Maple Leaf Sports and Entertainment and is Chair of Jays Care Foundation. If you want to find out more about us, visit about.rogers.com. 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. Most analysts expect Rogers to face a tough negotiation with Canadas competition body and the government before closing the deal sometime in 2022. 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. Edward Rogers, chairman of Rogers Communications Inc., attends a Canadian Radio-Television And Telecommunications Commission (CRTC) hearing in Gatineau, Quebec, in November. The next issue of Financial Post Top Stories will soon be in your inbox. 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. 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. Merging with Shaw was a dream held by her late father, company founder Ted Rogers. That allowed him to unilaterally fire five directors whod opposed him. 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. If the only thing you know about sports is who wins and who loses, you are missing the highest stakes action of all. 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. 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. Major company holdings: Rogers Communications. . 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. Melinda Rogers-Hixon at her home in Toronto. articles a month for anyone to read, even non-subscribers! And for all the differences the two have had, never once, she says, did she doubt his intentions. Linked companies : Rogers Communications Inc. - Bombardier Inc. Summary. If you don't see it, please check your junk folder. Copyright 2023 Surperformance. The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. Change in rank from 2017: No change. 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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. 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. Ms. Rogers-Hixon has held progressively senior roles at Rogers since joining the company in 2000. Melinda Mary Rogers serves as Deputy Chairman of the Board of the Company. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. 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. 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. Dave Fuller? Rogers-Hixon told the Globe Natale was the best CEO the company had since her father. And as a daughter of my fathers.. Russia's war on Ukraine latest: Putin casts war as battle for nation's survival, India FM Jaishankar says Soros dangerous, debate needed on democracy, Buffett's Berkshire profit falls on investments, currencies, Bill Gates buys Heineken stake, despite saying he's 'not a big beer drinker', Elon Musk recruits team to develop OpenAI rival - The Information, Hedge fund manager Chris Hohn demands Airbus drop Atos deal - letter, Elon Musk's challenge: Stay ahead of the competition, ISS urges Apple shareholders to vote for CEO Tim Cook, other execs' pay packages, Elon Musk accuses media of racism after newspapers drop 'Dilbert' cartoon, French media billionaire Niel fails with bid for TNT television frequence - Arcom, DREAM OFFICE REAL ESTATE INVESTMENT TRUST, DREAM INDUSTRIAL REAL ESTATE INVESTMENT TRUST. Hed be pissed.. Comments may take up to an hour for moderation before appearing on the site. For Rogers-Hixon, there appears to be lingering frustration about the way the events played out this fall. Ms. Rogers serves on the board of Maple Leaf Sports and Entertainment and is Chair of Jays Care Foundation. But important matters remain unresolved, including the top executive. The oldest executive at Rogers Communications Inc. is Loretta Rogers, 80, who is the Director. Rogers Communications executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. We ask you to keep your comments relevant and respectful. Comments may take up to an hour for moderation before appearing on the site. The Toronto-based telecommunications company said the group is made up of three directors, including Edward's sister Melinda Rogers-Hixon. Rogers-Hixon confirmed she is speaking with her brother but the two have a lot to get through. 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