The company is coming off its best third quarter in wireless in years. 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. Theres a new head of the cable division, Robert Depatie, until recently a director who aligned himself with Edward Rogers in the boardroom battle. Think of Bell or Telus, she said, referring to Rogers main competitors. 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. Age : 51. Comments may take up to an hour for moderation before appearing on the site. . 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. 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. Perched on a sofa inside her home in one of Toronto's most. Wait, so now you have a fifth, whos changing the strategy again, Rogers-Hixon said. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Musk Made a Mess at Twitter. The daughter of the late Ted Rogers is a director at Rogers Communications. 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. Visit our Community Guidelines for more information and details on how to adjust your email settings. My response to that is we have shareholder meetings for a reason. Visit our Community Guidelines for more information and details on how to adjust your email settings. Rogers-Hixon, her sister, mother, and numerous directors on the board were against the move; Rogers succeeded in the end. Merging with Shaw was a dream held by her late father, company founder Ted Rogers. Melinda Rogers-Hixon wants peace -- within her family and inside the boardroom of Canadas largest wireless and cable company. Please try again. 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 more unstable we are, the harder it is for us to execute and the easier it is for them to outperform us.. Former CEO experience would be, frankly, very nice as well. Staffieri is a career finance executive who hasnt been a CEO before. Ted Rogers, she said, would be appalled by recent developments. 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. Terms of use. 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. And not even six months of operating experience, she said. 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. 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That allowed him to unilaterally fire five directors whod opposed him. And not even six months of operating experience, she said. . There are 10 executives at Rogers Communications getting paid more, with JosephNatale having the highest compensation of $11,704,000. Oh my god, he's worth his weight in gold," Rogers-Hixon said. Edward wanted Tony Staffieri, the longtime chief financial officer. The daughter of the late Ted Rogers is a director 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. 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. Most analysts expect Rogers to face a tough negotiation with Canadas competition body and the government before closing the deal sometime in 2022. The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. For more information:media@rci.rogers.com1-844-226-1338. 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. 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 business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. 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. And the decisions they make have huge consequences, not just for the bottom line, but for communities, cities, even entire countries. Edward Rogers cannot simply replace several board members at the company his father created with the stroke of a pen, according to the lawyer representing one of his sisters. Ms. Rogers was appointed a director of Rogers Bank on December 31, 2017. Oh my god, hes worth his weight in gold, Rogers-Hixon said. Rogers is currently in the process of acquiring Shaw, a broadcaster serving Western Canada. Our founder, Ted Rogers, purchased his first radio station, CHFI, in 1960. 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. Wait, so now you have a fifth, whos changing the strategy again, Rogers-Hixon said. Moments in an interview revealed magnitude of fissures inside Rogers clan and how tricky repairing them will be. And as a daughter of my fathers.. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. 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. Ms. Rogers-Hixon was appointed a director of Rogers Bank on December 31, 2017. Unauthorized distribution, transmission or republication strictly prohibited. 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. The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. The power struggle has died down for the moment, and family members speak to one another regularly, she said. What followed was an extraordinary series of events that transfixed corporate Canada. 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. 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. Will His AI Plans Be Any Different? 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. articles a month for anyone to read, even non-subscribers! Loretta Rogers, the company matriarch, moved a motion to remove her own son as chairman of Rogers Communications. 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. Rogers-Hixon told the Globe Natale was the best CEO the company had since her father. Dave Fuller? Thirteen years and youve had four heads of cable? from the University of Western Ontario and a M.B.A. from Joseph L. Rotman School of Management at the University of Toronto. 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, An LG smartphone sits on display in an arranged photograph inside a Rogers Communications Inc. store in Toronto, Ontario. In the meantime, the revolving door still spins at the companys headquarters in Toronto. Her net worth is estimated to be $8 billion. The deal was the subject of a hearing with the Canadian Radio-television and Telecommunications Commission (CRTC) last week. Melinda Rogers-Hixon is one of three directors on new panel, Third-quarter earnings match estimates; revenue is flat. Mr. Rogers and his supporters, meanwhile, believe B.C. The conflict isnt personal, she said. Melinda Rogers-Hixon, deputy chair of Rogers Communications Inc., at her home in Toronto. Ms. Rogers-Hixon was appointed a director of Rogers Bank on December 31, 2017. After all, she points out, they have an obligation to employees, customers and shareholders to do so. 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. Melinda Rogers-Hixon wants peace -- within her family and inside the boardroom of Canadas largest wireless and cable company. Hed be pissed.. We ask you to keep your comments relevant and respectful. Melinda Rogers is 49, she's been the Deputy Chairman of the Board of Rogers Communications since 2018. Melinda has 1 job listed on their profile. Ms. Rogers-Hixon serves on the board of Maple Leaf Sports and Entertainment and is Chair of Jays Care Foundation. 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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. What followed was an extraordinary series of events that transfixed corporate Canada. 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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If you are a Home delivery print subscriber, unlimited online access is. Ms. Rogers-Hixon has held progressively senior roles at Rogers since joining the company in 2000. I find it quite regrettable.. 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. 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. For Rogers-Hixon, there appears to be lingering frustration about the way the events played out this fall. The company is coming off its best third quarter in wireless in years. View Melinda Rogers' profile on LinkedIn, the world's largest professional community. from the University of Western Ontario and a M.B.A. from Joseph L. Rotman School of Management at the University of Toronto. And for all the differences the two have had, never once, she says, did she doubt his intentions. The information you requested is not available at this time, please check back again soon. The Toronto-based telecommunications company said the group is made up of three directors, including Edwards sister Melinda Rogers-Hixon. 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. 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. There was an error, please provide a valid email address. Location: Toronto. All rights reserved. Ted Rogers, she said, would be appalled by recent developments. Postmedia has not reviewed the content. But it will be the largest and most complex deal Rogers Communications has ever done, assuming it can win approval from regulators. Theres a new head of the cable division, Robert Depatie, until recently a director who aligned himself with Edward Rogers in the boardroom battle. Rogers-Hixon confirmed she is speaking with her brother but the two have a lot to get through. For Rogers-Hixon, there appears to be lingering frustration about the way the events played out this fall.

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