Her net worth is estimated to be $8 billion. Wait, so now you have a fifth, whos changing the strategy again, Rogers-Hixon said. Please try again. Perched on a sofa inside her home in one of Torontos most upscale neighborhoods, the heiress of the Rogers Communications Inc. empire is working hard to project an air of calm diplomacy. Theres a new head of the cable division, Robert Depatie, until recently a director who aligned himself with Edward Rogers in the boardroom battle. There was an error, please provide a valid email address. 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. 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 Hixon is Deputy Chairman of the Board of Rogers Communication. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. 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. Hed be pissed.. We will stand behind each and every commitment made by our team today. Ms. Rogers-Hixon holds a B.A. The next issue of Financial Post Top Stories will soon be in your inbox. 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. Former CEO experience would be, frankly, very nice as well. Staffieri is a career finance executive who hasnt been a CEO before. And for all the differences the two have had, never once, she says, did she doubt his intentions. See the complete profile on LinkedIn and discover Melinda's connections and jobs at similar companies. We remain as duly elected members of the Rogers Communications Inc. Board and represent the majority of the Board members of the company. Rogers assured the CRTC drama surrounding the board wouldnt make its way into the merger. Its an obligation, a responsibility -- not only as a board member and a shareholder, but as a member of the family. But important matters remain unresolved, including the top executive. A month ago, after prevailing in court, Edward and his board allies installed Staffieri, officially on an interim basis. 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. Linked companies : Rogers Communications Inc. - Bombardier Inc. Summary. 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. About Rogers Rogers is a proud Canadian company dedicated to making more possible for Canadians each and every day. Melinda has 1 job listed on their profile. Edward wanted Tony Staffieri, the longtime chief financial officer. We along with the Management continue to work tirelessly on behalf of all stakeholders including customers, employees, and shareholders. 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Rogers-Hixon. He believed Natales performance wasnt up to par. There are 10 executives at Rogers Communications getting paid more, with JosephNatale having the highest compensation of $11,704,000. She joined forces with other board members last month to block the move to replace Natale with Chief Financial Officer Tony Staffieri. 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. 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. Subscribe now to read the latest news in your city and across Canada. The power struggle has died down for the moment, and family members speak to one another regularly, she said. Major company holdings: Rogers Communications. She told The Globe and Mail that rebuilding relationships isnt only important for the family, but for the future of Rogers and its employees. Last updated: 1 February 2023 at 11:00am EST. Change in rank from 2017: No change. 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. The daughter of the late Ted Rogers is a director at Rogers Communications. 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. Aspects specifically relating to broadcasting were discussed. articles a month for anyone to read, even non-subscribers! About RogersRogers is a proud Canadian company dedicated to making more possible for Canadians each and every day. Visit our Community Guidelines for more information and details on how to adjust your email settings. 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. Age : 51. My response to that is we have shareholder meetings for a reason. 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. A month ago, after prevailing in court, Edward and his board allies installed Staffieri, officially on an interim basis. Ms. Rogers holds a B.A. Rogers is currently in the process of acquiring Shaw, a broadcaster serving Western Canada. 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 TORONTO, Oct. 24, 2021 (GLOBE NEWSWIRE) We unequivocally support Joe Natale as CEO and support his management team. 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Dave Fuller? melinda.hixon@comcast.net melindahixon1290@yahoo.com melindahixon@alltel.net Current address 2547 Patterson Bridge . The Toronto-based telecommunications company said the group is made up of three directors, including Edwards sister Melinda Rogers-Hixon. She joined forces with other board members last month . 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. 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. 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. And not even six months of operating experience, she said. 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Sign-up for MobileSyrup news sent straight to your inbox. Public asset : 54,348,805 USD. Age, Boxer Wiki, Family, Net worth, Biography Everything about Education Rogers graduated from the University of Miami with a Bachelor of Fine Arts degree. 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But it will be the largest and most complex deal Rogers Communications has ever done, assuming it can win approval from regulators. She is the owner of the Loretta Anne yacht. The oldest executive at Rogers Communications Inc. is LorettaRogers, 80, who is the Director. 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 conflict isnt personal, she said. 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. Loretta Rogers, the company matriarch, moved a motion to remove her own son as chairman of Rogers Communications. All rights reserved. Most recently, she was Founder of Rogers Venture Partners from 2011 to 2018. For Rogers-Hixon, there appears to be lingering frustration about the way the events played out this fall. In the meantime, the revolving door still spins at the companys headquarters in Toronto. Wireless head Dave Fuller is a Natale protege who has already stated publicly that he doesnt want to work for another CEO. Ms. Rogers-Hixon was appointed a director of Rogers Bank on December 31, 2017. Avatar: The Way of Water uses crazy tech, but does it look better or worse? That allowed him to unilaterally fire five directors whod opposed him. Moments in an interview revealed magnitude of fissures inside Rogers clan and how tricky repairing them will be. 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. And not even six months of operating experience, she said. Oh my god, hes worth his weight in gold, Rogers-Hixon said. The conflict isnt personal, she said. Melinda Hixon corporate profile, background and performance evaluation including other Rogers Communication executives . 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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And as a daughter of my fathers.. Article content. This Supreme Court Case Could Redefine Crime, YellowstoneBackers Wanted to Cash OutThen the Streaming Bubble Burst, How Countries Leading on Early Years of Child Care Get It Right, Female Execs Are Exhausted, Frustrated and Heading for the Exits, More Iranian Schoolgirls Sickened in Suspected Poisoning Wave, No Major Offer Expected on Childcare in UK Budget, Oil Investors Get $128 Billion Handout as Doubts Grow About Fossil Fuels, Climate Change Is Launching a MutantSeed Space Race, This Former Factory Is Now New Taipeis Edgiest Project, What Do You Want to See in a Covid Memorial? For Rogers-Hixon, there appears to be lingering frustration about the way the events played out this fall. All rights reserved. Rogers-Hixon told the Globe Natale was the best CEO the company had since her father. Thirteen years and youve had four heads of cable? Visit our Community Guidelines for more information and details on how to adjust your email settings. 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. 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. That allowed him to unilaterally fire five directors whod opposed him. I believe that my brother wants to do whats right for the company, she said during a 90-minute interview. 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. Melinda Mary Rogers serves as Deputy Chairman of the Board of the Company. The next issue of Financial Post Top Stories will soon be in your inbox. And the decisions they make have huge consequences, not just for the bottom line, but for communities, cities, even entire countries. 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. Most analysts expect Rogers to face a tough negotiation with Canadas competition body and the government before closing the deal sometime in 2022. Ted Rogers, she said, would be appalled by recent developments. Former CEO experience would be, frankly, very nice as well. Staffieri is a career finance executive who hasnt been a CEO before. Melinda Rogers-Hixon 1mo Report this post She was a role model to me and so many women. from the University of Western Ontario and a M.B.A. from Joseph L. Rotman School of Management at the University of Toronto. Ms. Rogers-Hixon was appointed a director of Rogers Bank on December 31, 2017. 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. If you want to find out more about us, visit about.rogers.com. Copyright 2023 Surperformance. 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Rogers-Hixon confirmed she is speaking with her brother but the two have a lot to get through. There are 19 older and 1 younger executives at Rogers Communications. There was an error, please provide a valid email address. Read more about cookies here. Postmedia has not reviewed the content. And as a daughter of my fathers.. 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. 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.
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