Melinda Rogers-Hixon's Post. Copyright 2023 Surperformance. She joined forces with other board members last month . from the University of Western Ontario and a M.B.A. from Joseph L. Rotman School of Management at the University of Toronto. How old is Melinda Rogers? We ask you to keep your comments relevant and respectful. The company is coming off its best third quarter in wireless in years. Think of Bell or Telus, she said, referring to Rogers main competitors. 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. Ms. Rogers serves on the board of Maple Leaf Sports and Entertainment and is Chair of Jays Care Foundation. What followed was an extraordinary series of events that transfixed corporate Canada. Dave Fuller? Melinda Rogers-Hixon | Bombardier 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. 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. All rights reserved. The oldest executive at Rogers Communications Inc. is LorettaRogers, 80, who is the Director. Recommended from Editorial Melinda Rogers is 49, she's been the Deputy Chairman of the Board of Rogers Communications since 2018. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. Oh my god, hes worth his weight in gold, Rogers-Hixon said. 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. Location: Toronto. 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). Rogers sister's lawyer expects court to 'shut down' board changes - BNN This advertisement has not loaded yet, but your article continues below. Ted Rogers, she said, would be appalled by recent developments. Avatar: The Way of Water uses crazy tech, but does it look better or worse? But important matters remain unresolved, including the top executive. 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. . 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. 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. 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. After all, she points out, they have an obligation to employees, customers and shareholders to do so. But it will be the largest and most complex deal Rogers Communications has ever done, assuming it can win approval from regulators. Rogers is a proud Canadian company dedicated to making more possible for Canadians each and every day. Ms. Rogers-Hixon has held progressively senior roles at Rogers since joining the company in 2000. 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. 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. Ted Rogers, she said, would be appalled by recent developments. Rogers Board Taps Chairman's Sister Melinda to Manage His Talks With We remain as duly elected members of the Rogers Communications Inc. Board and represent the majority of the Board members of the company. I believe that my brother wants to do what's right for the company. That allowed him to unilaterally fire five directors whod opposed him. About RogersRogers is a proud Canadian company dedicated to making more possible for Canadians each and every day. The next issue of Financial Post Top Stories will soon be in your inbox. 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. 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. Melinda Rogers-Hixon wants peace within her family and inside the boardroom of Canadas largest wireless and cable company. We ask you to keep your comments relevant and respectful. Ms. Rogers-Hixon serves on the board of Maple Leaf Sports and Entertainment and is Chair of Jays Care Foundation. 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. Also Read: Who is Henry Lebron? 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. 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. And for all the differences the two have had, never once, she says, did she doubt his intentions. I believe that my brother wants to do whats right for the company, she said during a 90-minute interview. Privacy. About Rogers Rogers is a proud Canadian company dedicated to making more possible for Canadians each and every day. Melinda Rogers - Sr VP, Strategy & Development - LinkedIn If you don't see it, please check your junk folder. 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. Our founder, Ted Rogers, purchased his first radio station, CHFI, in 1960. Our board, our management team, and I are totally committed to this deal. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Rogers-Hixon told the Globe Natale was the best CEO the company had since her father. Wireless head Dave Fuller is a Natale protege who has already stated publicly that he doesnt want to work for another CEO. Major company holdings: Rogers Communications. The power struggle has died down for the moment, and family members speak to one another regularly, she said. We along with the Management continue to work tirelessly on behalf of all stakeholders including customers, employees, and shareholders. articles a month for anyone to read, even non-subscribers! When Canadian carriers lock their doors, does it change the shopping experience? Read more about cookies here. 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. 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. Melinda Rogers-Hixon's Post - linkedin.com 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. See the complete profile on LinkedIn and discover Melinda's connections and jobs at similar companies. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. Create an account or sign in to continue with your reading experience. 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. Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. 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There was an error, please provide a valid email address. Melinda Rogers-Hixon wants to move past the family drama - MobileSyrup Melinda Rogers-Hixon Wants Peace With Edward Rogers But Deep Rifts The daughter of the late Ted Rogers is a director at Rogers Communications. Edward Rogers, chairman of Rogers Communications Inc., attends a Canadian Radio-Television And Telecommunications Commission (CRTC) hearing in Gatineau, Quebec, in November. The more unstable we are, the harder it is for us to execute and the easier it is for them to outperform us.. Most recently, she was Founder of Rogers Venture Partners from 2011 to 2018. She is Chairman at Jays Care Foundation, Director-Governing Council at the University of Toronto and Member-Governors Board at Huron University . The deal was the subject of a hearing with the Canadian Radio-television and Telecommunications Commission (CRTC) last week. Wait, so now you have a fifth, whos changing the strategy again, Rogers-Hixon said. 2023 Blue Ant Media Ms. Rogers was appointed a director of Rogers Bank on December 31, 2017. A statement on behalf of Loretta Rogers, Melinda Rogers-Hixon, Martha Oh my god, hes worth his weight in gold, Rogers-Hixon said. Melinda Rogers-Hixon - Partner - Generation Transition Advisors - LinkedIn That allowed him to unilaterally fire five directors whod opposed him. The company is making several promises to win the favor of investors and government officials, including that it will wring out $1 billion (US$780 million) in savings. Will His AI Plans Be Any Different? Ms. Rogers-Hixon was appointed a director of Rogers Bank on December 31, 2017. 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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Hixon family - Forbes Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. Public asset : 54,348,805 USD. Melinda Hixon is Deputy Chairman of the Board of Rogers Communication. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. Theres a new head of the cable division, Robert Depatie, until recently a director who aligned himself with Edward Rogers in the boardroom battle. Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. 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. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. Ms. Rogers-Hixon has held progressively senior roles at Rogers since joining the company in 2000. That committee included three people MacDonald, director John Clappison and Melinda Rogers-Hixon, Edward's sister. Melinda M. Rogers-Hixon. 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. Edward wanted Tony Staffieri, the longtime chief financial officer. Think of Bell or Telus, she said, referring to Rogerss main competitors. Hed be pissed.. Melinda Rogers is 49, she's been the Deputy Chairman of the Board of Rogers Communications since 2018. This advertisement has not loaded yet, but your article continues below. The power struggle has died down for the moment, and family members speak to one another regularly, she said. 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. Melinda Rogers wants peace with brother Edward but deep - torontosun 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. Her net worth is estimated to be $8 billion. Melinda has 1 job listed on their profile. In the meantime, the revolving door still spins at the companys headquarters in Toronto. Rogers rift takes new twist as both family factions claim control of 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. 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 content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. The oldest executive at Rogers Communications Inc. is Loretta Rogers, 80, who is the Director. 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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. 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. For Rogers-Hixon, there appears to be lingering frustration about the way the events played out this fall. 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. 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. Rogers assured the CRTC drama surrounding the board wouldnt make its way into the merger. 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. Net Worth:$11.57 billion( 26.9% from 2017) Rich 100 rank: #4. The information you requested is not available at this time, please check back again soon. Most recently, she was Founder of Rogers Venture Partners from 2011 to 2018. from the University of Western Ontario and a M.B.A. from Joseph L. Rotman School of Management at the University of Toronto. After all, she points out, they have an obligation to employees, customers and shareholders to do so. Linked companies : Rogers Communications Inc. - Bombardier Inc. Summary. 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 . 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. The daughter of the late Ted Rogers is a director at Rogers Communications. The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. 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. Ms. Rogers-Hixon was appointed a director of Rogers Bank on December 31, 2017. 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 encountered an issue signing you up. 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 business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. Former CEO experience would be, frankly, very nice as well. Staffieri is a career finance executive who hasnt been a CEO before. 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. The conflict isnt personal, she said. Will His AI Plans Be Any Different? She joined forces with other board members last month to block the move to replace Natale with Chief Financial Officer Tony Staffieri. Please try again. There are 10 executives at Rogers Communications getting paid more, with JosephNatale having the highest compensation of $11,704,000. Philanthropist and Rogers director, Loretta Rogers, dead at 83 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. . Most analysts expect Rogers to face a tough negotiation with Canadas competition body and the government before closing the deal sometime in 2022. 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. 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.
