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. The company is coming off its best third quarter in wireless in years. I believe that my brother wants to do whats right for the company, she said during a 90-minute interview. Ms. Rogers-Hixon has held progressively senior roles at Rogers Communications Inc. since joining the company in 2000. The deal was the subject of a hearing with the Canadian Radio-television and Telecommunications Commission (CRTC) last week. 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Melinda Rogers-Hixon wants peace -- within her family and inside the boardroom of Canadas largest wireless and cable company. Edward wanted Tony Staffieri, the longtime chief financial officer. 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. The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. The company is coming off its best third quarter in wireless in years. 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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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.. And as a daughter of my fathers.. What followed was an extraordinary series of events that transfixed corporate Canada. Wireless head Dave Fuller is a Natale protege who has already stated publicly that he doesnt want to work for another CEO. 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. Ms. Rogers has held progressively senior roles at Rogers since joining the company in 2000. A month ago, after prevailing in court, Edward and his board allies installed Staffieri, officially on an interim basis. Avatar: The Way of Water uses crazy tech, but does it look better or worse? 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 . 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. But it will be the largest and most complex deal Rogers Communications has ever done, assuming it can win approval from regulators. 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. A month ago, after prevailing in court, Edward and his board allies installed Staffieri, officially on an interim basis. 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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. Her net worth is estimated to be $8 billion. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. 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. The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. He was actually quite principled, and I think hed kick our ass, frankly, she said. Recommended from Editorial I believe that my brother wants to do whats right for the company, she said during a 90-minute interview. Create an account or sign in to continue with your reading experience. The information you requested is not available at this time, please check back again soon. Wait, so now you have a fifth, whos changing the strategy again, Rogers-Hixon said. Privacy. Melinda Rogers-Hixon's Post. Ms. Rogers holds a B.A. Subscribe now to read the latest news in your city and across Canada. 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. Melinda Rogers is 49, she's been the Deputy Chairman of the Board of Rogers Communications since 2018. There was an error, please provide a valid email address. 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. The conflict isnt personal, she said. There are 10 executives at Rogers Communications getting paid more, with JosephNatale having the highest compensation of $11,704,000. Melinda Rogers-Hixon wants peace within her family and inside the boardroom of Canada's largest wireless and cable company. 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). And as a daughter of my fathers.. 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. 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. 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. Rogers is currently in the process of acquiring Shaw, a broadcaster serving Western Canada. There are 19 older and 1 younger executives at Rogers Communications. In the meantime, the revolving door still spins at the companys headquarters in Toronto. Rogers-Hixon, her sister, mother, and numerous directors on the board were against the move; Rogers succeeded in the end. She is Chairman at Jays Care Foundation, Director-Governing Council at the University of Toronto and Member-Governors Board at Huron University . All rights reserved. Article content. Think of Bell or Telus, she said, referring to Rogerss main competitors. Ms. Rogers-Hixon serves on the board of Maple Leaf Sports and Entertainment and is Chair of Jays Care Foundation. 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. 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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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. Oh my god, he's worth his weight in gold," Rogers-Hixon said. articles a month for anyone to read, even non-subscribers! 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. Ted Rogers, she said, would be appalled by recent developments. The daughter of the late Ted Rogers is a director at Rogers Communications. 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. About RogersRogers is a proud Canadian company dedicated to making more possible for Canadians each and every day. Please try again. 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Musk Made a Mess at Twitter. Loretta Rogers, the company matriarch, moved a motion to remove her own son as chairman of Rogers Communications. Oh my god, hes worth his weight in gold, Rogers-Hixon said. Theres a new head of the cable division, Robert Depatie, until recently a director who aligned himself with Edward Rogers in the boardroom battle. She told The Globe and Mail that rebuilding relationships isnt only important for the family, but for the future of Rogers and its employees. 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. That allowed him to unilaterally fire five directors whod opposed him. Rogers-Hixon confirmed she is speaking with her brother but the two have a lot to get through. Melinda Rogers-Hixon Deputy Chair & Director of the Board, Rogers Communications, Partner GTA Toronto . Ted Rogers, she said, would be appalled by recent developments. Also Read: Who is Henry Lebron? Thirteen years and youve had four heads of cable? 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. 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. For Rogers-Hixon, there appears to be lingering frustration about the way the events played out this fall. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. This is their biggest dream. Its an obligation, a responsibility -- not only as a board member and a shareholder, but as a member of the family. If you are a Home delivery print subscriber, unlimited online access is. Melinda Rogers-Hixon at her home in 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 power struggle has died down for the moment, and family members speak to one another regularly, she said. TORONTO, Oct. 24, 2021 (GLOBE NEWSWIRE) We unequivocally support Joe Natale as CEO and support his management team. Melinda has 1 job listed on their profile. 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. Ms. Rogers-Hixon holds a B.A. Copyright 2023 Surperformance. Our founder, Ted Rogers, purchased his first radio station, CHFI, in 1960. Hed be pissed.. A month ago, after prevailing in court, Edward and his board allies installed Staffieri, officially on an interim basis. 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. Story continues below Perched on a sofa inside her home in one of Toronto's most upscale neighbourhoods, the heiress of the Rogers Communications Inc. empire is working hard to project an air of calm diplomacy. Natale was ousted and replaced by Rogers pick, Tony Staffieri, the companys chief financial officer. Melinda Mary Rogers serves as Deputy Chairman of the Board of the Company. 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. 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. Rogers assured the CRTC drama surrounding the board wouldnt make its way into the merger. Change in rank from 2017: No change. 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Ms. Rogers serves on the board of Maple Leaf Sports and Entertainment and is Chair of Jays Care Foundation. If you don't see it, please check your junk folder. 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. Melinda Hixon is Deputy Chairman of the Board of Rogers Communication.