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 And as a daughter of my fathers.. 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 content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. 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. 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. 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. What followed was an extraordinary series of events that transfixed corporate Canada. That allowed him to unilaterally fire five directors whod opposed him. 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. This is their biggest dream. 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. Ms. Rogers holds a B.A. Melinda Hixon is Deputy Chairman of the Board of Rogers Communication. 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. sisters Melinda Rogers-Hixon and Martha Rogers and his mother. What followed was an extraordinary series of events that transfixed corporate Canada. 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Net Worth:$11.57 billion( 26.9% from 2017) Rich 100 rank: #4. And not even six months of operating experience, she said. Perched on a sofa inside her home in one of Toronto's most. 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. Melinda Rogers is 49, she's been the Deputy Chairman of the Board of Rogers Communications since 2018. Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. 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. Avatar: The Way of Water uses crazy tech, but does it look better or worse? 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. 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. Edward wanted Tony Staffieri, the longtime chief financial officer. If the only thing you know about sports is who wins and who loses, you are missing the highest stakes action of all. from the University of Western Ontario and a M.B.A. from Joseph L. Rotman School of Management at the University of Toronto. 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. There was an error, please provide a valid email address. from the University of Western Ontario and a M.B.A. from Joseph L. Rotman School of Management at the University of Toronto. Postmedia has not reviewed the content. 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. Melinda Rogers is 49, she's been the Deputy Chairman of the Board of Rogers Communications since 2018. Loretta Rogers, the company matriarch, moved a motion to remove her own son as chairman of Rogers Communications. Dave Fuller? 365 Bloor Street East, Toronto, Ontario, M4W 3L4. 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. Unauthorized distribution, transmission or republication strictly prohibited. A month ago, after prevailing in court, Edward and his board allies installed Staffieri, officially on an interim basis. 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. Most recently, she was Founder of Rogers Venture Partners from 2011 to 2018. See the complete profile on LinkedIn and discover Melinda's connections and jobs at similar companies. Privacy. Rogers is currently in the process of acquiring Shaw, a broadcaster serving Western Canada. Last updated: 1 February 2023 at 11:00am EST. 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. . Our board, our management team, and I are totally committed to this deal. And the decisions they make have huge consequences, not just for the bottom line, but for communities, cities, even entire countries. She joined forces with other board members last month to block the move to replace Natale with Chief Financial Officer Tony Staffieri. 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Ms. Rogers-Hixon serves on the board of Maple Leaf Sports and Entertainment and is Chair of Jays Care Foundation. Location: Toronto. 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 serves on the board of Maple Leaf Sports and Entertainment and is Chair of Jays Care Foundation. 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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. 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. 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-Hixon holds a B.A. Major company holdings: Rogers Communications. 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 you are a Home delivery print subscriber, unlimited online access is. Age, Boxer Wiki, Family, Net worth, Biography Everything about Education Rogers graduated from the University of Miami with a Bachelor of Fine Arts degree. About Rogers Rogers is a proud Canadian company dedicated to making more possible for Canadians each and every day. She joined forces with other board members last month . 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. Public asset : 54,348,805 USD. 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. Merging with Shaw was a dream held by her late father, company founder Ted Rogers. Natale was ousted and replaced by Rogers pick, Tony Staffieri, the companys chief financial officer. She told The Globe and Mail that rebuilding relationships isnt only important for the family, but for the future of Rogers and its employees. I believe that my brother wants to do whats right for the company, she said during a 90-minute interview. 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. Hixon family $1.25B 2015 America's Richest Families Net Worth as of 7/1/15 About Hixon family After the Civil War, Gideon Cooley Hixon, a Wisconsin businessman and politician, made a. Article content. Ms. Rogers-Hixon has held progressively senior roles at Rogers since joining the company in 2000. Melinda Rogers-Hixon wants peace -- within her family and inside the boardroom of Canadas largest wireless and cable company. Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. The deal was the subject of a hearing with the Canadian Radio-television and Telecommunications Commission (CRTC) last week. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Thirteen years and youve had four heads of cable? Most analysts expect Rogers to face a tough negotiation with Canadas competition body and the government before closing the deal sometime in 2022. We encountered an issue signing you up. All rights reserved. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. Will His AI Plans Be Any Different? 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. Comments may take up to an hour for moderation before appearing on the site. 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. 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.. 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. 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. 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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. The company is coming off its best third quarter in wireless in years. There was an error, please provide a valid email address. Theres a new head of the cable division, Robert Depatie, until recently a director who aligned himself with Edward Rogers in the boardroom battle. 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. Executives from Rogers argued this merger was the best for Canadians as it would bring more options to the market and increase competition. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. Musk Made a Mess at Twitter. Melinda Rogers-Hixon wants peace within her family and inside the boardroom of Canadas largest wireless and cable company. Ms. Rogers was appointed a director of Rogers Bank on December 31, 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. Merging with Shaw was a dream held by her late father, company founder Ted Rogers.