Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. Melinda Rogers-Hixon wants peace -- within her family and inside the boardroom of Canada's largest wireless and cable company. 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. This is their biggest dream. Wait, so now you have a fifth, whos changing the strategy again, Rogers-Hixon said. The deal was the subject of a hearing with the Canadian Radio-television and Telecommunications Commission (CRTC) last week. 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 Visit our Community Guidelines for more information and details on how to adjust your email settings. 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). If you want to find out more about us, visit about.rogers.com. 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. 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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. Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. Rogers-Hixon confirmed she is speaking with her brother but the two have a lot to get through. And as a daughter of my fathers.. 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. See the complete profile on LinkedIn and discover Melinda's connections and jobs at similar companies. Musk Made a Mess at Twitter. View Melinda Rogers' profile on LinkedIn, the world's largest professional community. 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. 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. 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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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. In a release Sunday night, the board that Mr. Rogers is leading said he intends to ask the British Columbia Supreme Court to validate the legality of his move. And not even six months of operating experience, she said. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. There are 10 executives at Rogers Communications getting paid more, with JosephNatale having the highest compensation of $11,704,000. 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. Rogers is currently in the process of acquiring Shaw, a broadcaster serving Western Canada. Rogers assured the CRTC drama surrounding the board wouldnt make its way into the merger. Rogers-Hixon, her sister, mother, and numerous directors on the board were against the move; Rogers succeeded in the end. Ms. Rogers-Hixon serves on the board of Maple Leaf Sports and Entertainment and is Chair of Jays Care Foundation. Linked companies : Rogers Communications Inc. - Bombardier Inc. Summary. The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. For Rogers-Hixon, there appears to be lingering frustration about the way the events played out this fall. 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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. Melinda has 1 job listed on their profile. TORONTO, Oct. 24, 2021 (GLOBE NEWSWIRE) We unequivocally support Joe Natale as CEO and support his management team. 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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. There was an error, please provide a valid email address. 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. 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. Subscribe now to read the latest news in your city and across Canada. I find it quite regrettable.. No other group of individuals has any authority to purport to act as the Board of Directors of Rogers Communications Inc. Merging with Shaw was a dream held by her late father, company founder Ted Rogers. Loretta Rogers, the company matriarch, moved a motion to remove her own son as chairman of Rogers Communications. But it will be the largest and most complex deal Rogers Communications has ever done, assuming it can win approval from regulators. When Canadian carriers lock their doors, does it change the shopping experience? Public asset : 54,348,805 USD. The more unstable we are, the harder it is for us to execute and the easier it is for them to outperform us.. 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. She told The Globe and Mail that rebuilding relationships isnt only important for the family, but for the future of Rogers and its employees. She was founder of Rogers . She joined forces with other board members last month to block the move to replace Natale with Chief Financial Officer Tony Staffieri. Rogers-Hixon told the Globe Natale was the best CEO the company had since her father. Recommended from Editorial Age, Boxer Wiki, Family, Net worth, Biography Everything about Education Rogers graduated from the University of Miami with a Bachelor of Fine Arts degree. She joined forces with other board members last month . Major company holdings: Rogers Communications. 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. Also Read: Who is Henry Lebron? 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. from the University of Western Ontario and a M.B.A. from Joseph L. Rotman School of Management at the University of Toronto. The next issue of Financial Post Top Stories will soon be in your inbox. Ms. Rogers-Hixon has held progressively senior roles at Rogers since joining the company in 2000. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. Copyright 2023 Surperformance. She is Chairman at Jays Care Foundation, Director-Governing Council at the University of Toronto and Member-Governors Board at Huron University . 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. Please try again. 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. But it will be the largest and most complex deal Rogers Communications has ever done, assuming it can win approval from regulators. 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. Thirteen years and youve had four heads of cable? There are 19 older and 1 younger executives at Rogers Communications. Loretta Rogers, the company matriarch, moved a motion to remove her own son as chairman of Rogers Communications. 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. How old is Melinda Rogers? 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. Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. Edward wanted Tony Staffieri, the longtime chief financial officer. Melinda Rogers-Hixon is one of three directors on new panel, Third-quarter earnings match estimates; revenue is flat. There are 19 older and 1 younger executives at Rogers Communications. Our board, our management team, and I are totally committed to this deal. A month ago, after prevailing in court, Edward and his board allies installed Staffieri, officially on an interim basis. And the decisions they make have huge consequences, not just for the bottom line, but for communities, cities, even entire countries. We apologize, but this video has failed to load. Ms. Rogers-Hixon was awarded an honorary doctorate from Huron University College at Western University in November 2018. I believe that my brother wants to do whats right for the company, she said during a 90-minute interview. Theres a new head of the cable division, Robert Depatie, until recently a director who aligned himself with Edward Rogers in the boardroom battle. Theres a new head of the cable division, Robert Depatie, until recently a director who aligned himself with Edward Rogers in the boardroom battle. The company is coming off its best third quarter in wireless in years. Privacy. Thirteen years and youve had four heads of cable? Ms. Rogers serves on the board of Maple Leaf Sports and Entertainment and is Chair of Jays Care Foundation. The conflict isnt personal, she said. Russia's war on Ukraine latest: Putin casts war as battle for nation's survival, India FM Jaishankar says Soros dangerous, debate needed on democracy, Buffett's Berkshire profit falls on investments, currencies, Bill Gates buys Heineken stake, despite saying he's 'not a big beer drinker', Elon Musk recruits team to develop OpenAI rival - The Information, Hedge fund manager Chris Hohn demands Airbus drop Atos deal - letter, Elon Musk's challenge: Stay ahead of the competition, ISS urges Apple shareholders to vote for CEO Tim Cook, other execs' pay packages, Elon Musk accuses media of racism after newspapers drop 'Dilbert' cartoon, French media billionaire Niel fails with bid for TNT television frequence - Arcom, DREAM OFFICE REAL ESTATE INVESTMENT TRUST, DREAM INDUSTRIAL REAL ESTATE INVESTMENT TRUST.