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. He brought us the Shaw deal thats no small feat, she said. Melinda M. Rogers-Hixon. . Also Read: Who is Henry Lebron? 365 Bloor Street East, Toronto, Ontario, M4W 3L4. 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. 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. What followed was an extraordinary series of events that transfixed corporate Canada. She told The Globe and Mail that rebuilding relationships isnt only important for the family, but for the future of Rogers and its employees. 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. Most analysts expect Rogers to face a tough negotiation with Canadas competition body and the government before closing the deal sometime in 2022. A month ago, after prevailing in court, Edward and his board allies installed Staffieri, officially on an interim basis. 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. There was an error, please provide a valid email address. Ms. Rogers-Hixon was appointed a director of Rogers Bank on December 31, 2017. 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. 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. Ms. Rogers 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. A month ago, after prevailing in court, Edward and his board allies installed Staffieri, officially on an interim basis. And as a daughter of my fathers.. We encountered an issue signing you up. 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. Oh my god, hes worth his weight in gold, Rogers-Hixon said. This is their biggest dream. Melinda Rogers is 49, she's been the Deputy Chairman of the Board of Rogers Communications since 2018. 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. After all, she points out, they have an obligation to employees, customers and shareholders to do so. Loretta Rogers, the company matriarch, moved a motion to remove her own son as chairman of Rogers Communications. Rogers totally committed to Shaw acquisition, chair says as CRTC hearings begin, Joe Natale out as Rogers CEO, to be replaced by former CFO Staffieri, Its the founders way or the highway: Governance at Rogers has raised eyebrows before, Rogers faces recruiting trouble if CEO is ousted, Newhaven president says, 'Its the founders way or the highway': Governance at Rogers has raised eyebrows before, tap here to see other videos from our team, Unlimited online access to articles from across Canada with one account, Get exclusive access to the National Post ePaper, an electronic replica of the print edition that you can share, download and comment on, Enjoy insights and behind-the-scenes analysis from our award-winning journalists, Support local journalists and the next generation of journalists, Daily puzzles including the New York Times Crossword, Access articles from across Canada with one account, Share your thoughts and join the conversation in the comments, Get email updates from your favourite authors. Melinda Rogers-Hixon Deputy Chair & Director of the Board, Rogers Communications, Partner GTA Toronto . After all, she points out, they have an obligation to employees, customers and shareholders to do so. 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. Melinda has 1 job listed on their profile. 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. Ms. Rogers holds a B.A. We will stand behind each and every commitment made by our team today. All rights reserved. Ms. Rogers-Hixon has held progressively senior roles at Rogers since joining the company in 2000. 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. The conflict isnt personal, she said. 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 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. We apologize, but this video has failed to load. Melinda Rogers-Hixon at her home in Toronto. Oh my god, hes worth his weight in gold, Rogers-Hixon said. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. The Toronto-based telecommunications company said the group is made up of three directors, including Edwards sister Melinda Rogers-Hixon. from the University of Western Ontario and a M.B.A. from Joseph L. Rotman School of Management at the University of Toronto. Ted Rogers, she said, would be appalled by recent developments. 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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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. See the complete profile on LinkedIn and discover Melinda's connections and jobs at similar companies. 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. 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Will His AI Plans Be Any Different? 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. No other group of individuals has any authority to purport to act as the Board of Directors of Rogers Communications Inc. 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. Ms. Rogers-Hixon has held progressively senior roles at Rogers since joining the company in 2000. 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 more unstable we are, the harder it is for us to execute and the easier it is for them to outperform us.. Ms. Rogers-Hixon was appointed a director of Rogers Bank on December 31, 2017. The company is coming off its best third quarter in wireless in years. Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. Article content. Most recently, she was Founder of Rogers Venture Partners from 2011 to 2018. Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. Subscribe now to read the latest news in your city and across Canada. Edward wanted Tony Staffieri, the longtime chief financial officer. Location: Toronto. Edward wanted Tony Staffieri, the longtime chief financial officer. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. 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. About Rogers Rogers is a proud Canadian company dedicated to making more possible for Canadians each and every day. Melinda Rogers-Hixon wants peace -- within her family and inside the boardroom of Canada's largest wireless and cable company. Rogers-Hixon, her sister, mother, and numerous directors on the board were against the move; Rogers succeeded in the end. There are 19 older and 1 younger executives at Rogers Communications. I believe that my brother wants to do whats right for the company, she said during a 90-minute interview. That allowed him to unilaterally fire five directors whod opposed him. He was actually quite principled, and I think hed kick our ass, frankly, she said. 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. 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. 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 company is coming off its best third quarter in wireless in years. The familys strained relationship has been in the public eye for months when her brother, Edward Rogers, attempted to oust former CEO Joe Natale, without bringing the matter to the board. 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. As the Deputy Chairman of the Board of Rogers Communications, the total compensation of Melinda Rogers at Rogers Communications is $527,044. And for all the differences the two have had, never once, she says, did she doubt his intentions. Natale was ousted and replaced by Rogers pick, Tony Staffieri, the companys chief financial officer. She is Chairman at Jays Care Foundation, Director-Governing Council at the University of Toronto and Member-Governors Board at Huron University . 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. TORONTO, Oct. 24, 2021 (GLOBE NEWSWIRE) We unequivocally support Joe Natale as CEO and support his management team. Please try again. melinda.hixon@comcast.net melindahixon1290@yahoo.com melindahixon@alltel.net Current address 2547 Patterson Bridge . sisters Melinda Rogers-Hixon and Martha Rogers and his mother. In the meantime, the revolving door still spins at the companys headquarters in Toronto. She is the owner of the Loretta Anne yacht. But important matters remain unresolved, including the top executive. from the University of Western Ontario and a M.B.A. from Joseph L. Rotman School of Management at the University of Toronto. Musk Made a Mess at Twitter. 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 at her home in Toronto. 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. 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. Thirteen years and youve had four heads of cable? 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. If you want to find out more about us, visit about.rogers.com. And as a daughter of my fathers.. Visit our Community Guidelines for more information and details on how to adjust your email settings. 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.