melinda rogers hixon net worth

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. 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. 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. 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. In the meantime, the revolving door still spins at the companys headquarters in Toronto. If you are a Home delivery print subscriber, unlimited online access is. Rogers is a proud Canadian company dedicated to making more possible for Canadians each and every day. 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. He was actually quite principled, and I think hed kick our ass, frankly, she said. Rogers assured the CRTC drama surrounding the board wouldnt make its way into the merger. Thirteen years and youve had four heads of cable? If you are a Home delivery print subscriber, unlimited online access is. Age : 51. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. Ms. Rogers-Hixon was appointed a director of Rogers Bank on December 31, 2017. Former CEO experience would be, frankly, very nice as well. Staffieri is a career finance executive who hasnt been a CEO before. She joined forces with other board members last month . Oh my god, hes worth his weight in gold, Rogers-Hixon said. from the University of Western Ontario and a M.B.A. from Joseph L. Rotman School of Management at the University of Toronto. For more information:media@rci.rogers.com1-844-226-1338. Perched on a sofa inside her home in one of Torontos most upscale neighbourhoods, the heiress of the Rogers Communications Inc. empire is working hard to project an air of calm diplomacy. If you don't see it, please check your junk folder. Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. sisters Melinda Rogers-Hixon and Martha Rogers and his mother. Edward wanted Tony Staffieri, the longtime chief financial officer. 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. 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. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. 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-Hixon wants peace -- within her family and inside the boardroom of Canadas largest wireless and cable company. She is Chairman at Jays Care Foundation, Director-Governing Council at the University of Toronto and Member-Governors Board at Huron University . Most recently, she was Founder of Rogers Venture Partners from 2011 to 2018. 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. 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. 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 favour. The conflict isnt personal, she said. Copyright 2023 Surperformance. Visit our Community Guidelines for more information and details on how to adjust your email settings. Edward wanted Tony Staffieri, the longtime chief financial officer. 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. Ms. Rogers-Hixon has held progressively senior roles at Rogers since joining the company in 2000. Edward Rogers, chairman of Rogers Communications Inc., attends a Canadian Radio-Television And Telecommunications Commission (CRTC) hearing in Gatineau, Quebec, in November. from the University of Western Ontario and a M.B.A. from Joseph L. Rotman School of Management at the University of Toronto. 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. 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. What followed was an extraordinary series of events that transfixed corporate Canada. 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. She expresses confidence that she and her older brother, Chairman Edward Rogers, can patch things up after a messy battle for control landed them on opposing sides of a Vancouver courtroom. 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. 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. Melinda Rogers-Hixon wants peace -- within her family and inside the boardroom of Canadas largest wireless and cable company. But it will be the largest and most complex deal Rogers Communications has ever done, assuming it can win approval from regulators. 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. Former Telus top man Joe Natale officially took over as CEO of Rogers Communications Inc. this year, signaling a return to stable leadership for the company after former CEO Guy . Aspects specifically relating to broadcasting were discussed. 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. 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. Read more about cookies here. We will stand behind each and every commitment made by our team today. Ms. Rogers was awarded an honorary doctorate from Huron University College at Western University in November 2018. That allowed him to unilaterally fire five directors whod opposed him. 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. 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. 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. Moments in an interview revealed magnitude of fissures inside Rogers clan and how tricky repairing them will be. Melinda Hixon is Deputy Chairman of the Board of Rogers Communication. For Rogers-Hixon, there appears to be lingering frustration about the way the events played out this fall. What followed was an extraordinary series of events that transfixed corporate Canada. The deal was the subject of a hearing with the Canadian Radio-television and Telecommunications Commission (CRTC) last week. Musk Made a Mess at Twitter. 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. Will His AI Plans Be Any Different? Oh my god, hes worth his weight in gold, Rogers-Hixon said. 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. The conflict isnt personal, she said. 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. If you want to find out more about us, visit about.rogers.com. 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. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. 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.. The next issue of Financial Post Top Stories will soon be in your inbox. Melinda Rogers-Hixon is one of three directors on new panel, Third-quarter earnings match estimates; revenue is flat. I believe that my brother wants to do whats right for the company, she said during a 90-minute interview. 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. A month ago, after prevailing in court, Edward and his board allies installed Staffieri, officially on an interim basis. Unauthorized distribution, transmission or republication strictly prohibited. There was an error, please provide a valid email address. 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. 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. 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. Natale was ousted and replaced by Rogers pick, Tony Staffieri, the companys chief financial officer. The daughter of the late Ted Rogers is a director at Rogers Communications. Melinda Mary Rogers serves as Deputy Chairman of the Board of the Company. All rights reserved. Change in rank from 2017: No change. The Toronto-based telecommunications company said the group is made up of three directors, including Edward's sister Melinda Rogers-Hixon. 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. Comments may take up to an hour for moderation before appearing on the site. Loretta Rogers, the company matriarch, moved a motion to remove her own son as chairman of Rogers Communications. 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. Merging with Shaw was a dream held by her late father, company founder Ted Rogers. Ms. Rogers-Hixon was appointed a director of Rogers Bank on December 31, 2017. We encountered an issue signing you up. 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. Major company holdings: Rogers Communications. The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. That committee included three people MacDonald, director John Clappison and Melinda Rogers-Hixon, Edward's sister. My response to that is we have shareholder meetings for a reason. Theres a new head of the cable division, Robert Depatie, until recently a director who aligned himself with Edward Rogers in the boardroom battle. 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. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. There are 10 executives at Rogers Communications getting paid more, with JosephNatale having the highest compensation of $11,704,000. 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. 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). 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 . We ask you to keep your comments relevant and respectful. 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. Also Read: Who is Henry Lebron? 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. 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After all, she points out, they have an obligation to employees, customers and shareholders to do so. Visit our Community Guidelines for more information and details on how to adjust your email settings. And for all the differences the two have had, never once, she says, did she doubt his intentions. Subscribe now to read the latest news in your city and across Canada. She was founder of 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. I believe that my brother wants to do what's right for the company. Rogers is currently in the process of acquiring Shaw, a broadcaster serving Western Canada. 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 website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Ms. Rogers-Hixon holds a B.A. Rogers-Hixon, her sister, mother, and numerous directors on the board were against the move; Rogers succeeded in the end. Melinda Rogers-Hixon's Post. Our founder, Ted Rogers, purchased his first radio station, CHFI, in 1960. Ms. Rogers-Hixon has held progressively senior roles at Rogers since joining the company in 2000. As the Deputy Chairman of the Board of Rogers Communications, the total compensation of Melinda Rogers at Rogers Communications is $527,044. 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