Melinda Rogers-Hixon wants peace within her family and inside the boardroom of Canada's largest wireless and cable company. . 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. Rogers-Hixon, her sister, mother, and numerous directors on the board were against the move; Rogers succeeded in the end. Thirteen years and youve had four heads of cable? Perched on a sofa inside her home in one of Toronto's most. Read more about cookies here. 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. The oldest executive at Rogers Communications Inc. is LorettaRogers, 80, who is the Director. 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. The company is coming off its best third quarter in wireless in years. 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. from the University of Western Ontario and a M.B.A. from Joseph L. Rotman School of Management at the University of Toronto. The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. Our founder, Ted Rogers, purchased his first radio station, CHFI, in 1960. . Ms. Rogers-Hixon was appointed a director of Rogers Bank on December 31, 2017. 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 the decisions they make have huge consequences, not just for the bottom line, but for communities, cities, even entire countries. The daughter of the late Ted Rogers is a director at Rogers Communications. articles a month for anyone to read, even non-subscribers! Ms. Rogers was appointed a director of Rogers Bank on December 31, 2017. Melinda Rogers-Hixon at her home in Toronto. Why the Rogers outage was so bad, and how to prevent the next one, ISPs and advocacy groups say new CRTC policy does nothing to address current sky-high internet rates, Happy 35th anniversary to Final Fantasy, my all-time favourite series, Heres why you should play Immortality, 2022s most innovative and original game. The information you requested is not available at this time, please check back again soon. Oh my god, hes worth his weight in gold, Rogers-Hixon said. What followed was an extraordinary series of events that transfixed corporate Canada. Dave Fuller? And as a daughter of my fathers.. Loretta Rogers, the company matriarch, moved a motion to remove her own son as chairman of Rogers Communications. We ask you to keep your comments relevant and respectful. 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? If you don't see it, please check your junk folder. If you don't see it, please check your junk folder. Melinda Rogers-Hixon wants peace -- within her family and inside the boardroom of Canadas largest wireless and cable company. 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. 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. This is their biggest dream. 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. "Think of Bell or Telus," she said, referring to. As the Deputy Chairman of the Board of Rogers Communications, the total compensation of Melinda Rogers at Rogers Communications is $527,044. The Toronto-based telecommunications company said the group is made up of three directors, including Edwards sister Melinda Rogers-Hixon. No other group of individuals has any authority to purport to act as the Board of Directors of Rogers Comm TORONTO, Oct. 24, 2021 (GLOBE NEWSWIRE) -- We unequivocally support Joe Natale as CEO and . That committee included three people MacDonald, director John Clappison and Melinda Rogers-Hixon, Edward's sister. Last updated: 1 February 2023 at 11:00am EST. 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. 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. But it will be the largest and most complex deal Rogers Communications has ever done, assuming it can win approval from regulators. Comments may take up to an hour for moderation before appearing on the site. 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. Terms of use. Subscribe now to read the latest news in your city and across Canada. The company is coming off its best third quarter in wireless in years. Operating experience is a must for wireless companys CEO, Family has a duty to mend fences after battle, director says. We encountered an issue signing you up. 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. 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. But important matters remain unresolved, including the top executive. Please try again. Ms. Rogers has served as Deputy Chair of the Board of RCI since January 2018, and as Vice Chair of the Rogers Control Trust4 since 2008. We apologize, but this video has failed to load. Ms. Rogers serves on the board of Maple Leaf Sports and Entertainment and is Chair of Jays Care Foundation. Melinda Hixon is Deputy Chairman of the Board of Rogers Communication. Edward Rogers, chairman of Rogers Communications Inc., attends a Canadian Radio-Television And Telecommunications Commission (CRTC) hearing in Gatineau, Quebec, in November. 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. And for all the differences the two have had, never once, she says, did she doubt his intentions. 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. Article content. When Canadian carriers lock their doors, does it change the shopping experience? Net Worth:$11.57 billion( 26.9% from 2017) Rich 100 rank: #4. sisters Melinda Rogers-Hixon and Martha Rogers and his mother. We encountered an issue signing you up. That allowed him to unilaterally fire five directors whod opposed him. . Melinda Rogers-Hixon is one of three directors on new panel, Third-quarter earnings match estimates; revenue is flat. Its an obligation, a responsibility -- not only as a board member and a shareholder, but as a member of the family. 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. 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. Our board, our management team, and I are totally committed to this deal. There was an error, please provide a valid email address. And not even six months of operating experience, she said. If you want to find out more about us, visit about.rogers.com. 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. She told The Globe and Mail that rebuilding relationships isnt only important for the family, but for the future of Rogers and its employees. 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. The next issue of Financial Post Top Stories will soon be in your inbox. She was founder of Rogers . 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.