melinda rogers hixon net worth

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. This advertisement has not loaded yet, but your article continues below. Melinda Rogers-Hixon wants peace -- within her family and inside the boardroom of Canadas largest wireless and cable company. Ted Rogers, she said, would be appalled by recent developments. Location: Toronto. 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. Rogers matriarch Loretta Rogers wielded a quiet power theglobeandmail.com . 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. 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. . 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. But it will be the largest and most complex deal Rogers Communications has ever done, assuming it can win approval from regulators. We ask you to keep your comments relevant and respectful. 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. 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. 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. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. All rights reserved. Subscribe now to read the latest news in your city and across Canada. A month ago, after prevailing in court, Edward and his board allies installed Staffieri, officially on an interim basis. We apologize, but this video has failed to load. 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. Ms. Rogers was awarded an honorary doctorate from Huron University College at Western University in November 2018. And not even six months of operating experience, she said. Most recently, she was Founder of Rogers Venture Partners from 2011 to 2018. Copyright 2023 Surperformance. She joined forces with other board members last month to block the move to replace Natale with Chief Financial Officer Tony Staffieri. Ms. Rogers-Hixon was appointed a director of Rogers Bank on December 31, 2017. 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. Think of Bell or Telus, she said, referring to Rogers main competitors. If the only thing you know about sports is who wins and who loses, you are missing the highest stakes action of all. The company is coming off its best third quarter in wireless in years. All rights reserved. Ms. Rogers-Hixon was awarded an honorary doctorate from Huron University College at Western University in November 2018. See the complete profile on LinkedIn and discover Melinda's connections and jobs at similar companies. I believe that my brother wants to do whats right for the company, she said during a 90-minute interview. Recommended from Editorial Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. Thirteen years and youve had four heads of cable? 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. Also Read: Who is Henry Lebron? Melinda M. Rogers-Hixon. The Toronto-based telecommunications company said the group is made up of three directors, including Edward's sister Melinda Rogers-Hixon. That allowed him to unilaterally fire five directors whod opposed him. She was founder of Rogers . What followed was an extraordinary series of events that transfixed corporate Canada. Melinda Rogers-Hixon wants peace -- within her family and inside the boardroom of Canada's largest wireless and cable company. If you are a Home delivery print subscriber, unlimited online access is. A month ago, after prevailing in court, Edward and his board allies installed Staffieri, officially on an interim basis. 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. Melinda Hixon is Deputy Chairman of the Board of Rogers Communication. And as a daughter of my fathers.. 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. Unauthorized distribution, transmission or republication strictly prohibited. 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. What followed was an extraordinary series of events that transfixed corporate 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. Its an obligation, a responsibility -- not only as a board member and a shareholder, but as a member of the family. Theres a new head of the cable division, Robert Depatie, until recently a director who aligned himself with Edward Rogers in the boardroom battle. Merging with Shaw was a dream held by her late father, company founder Ted Rogers. Melinda Mary Rogers serves as Deputy Chairman of the Board of the Company. Merging with Shaw was a dream held by her late father, company founder Ted Rogers. 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. There was an error, please provide a valid email address. About RogersRogers is a proud Canadian company dedicated to making more possible for Canadians each and every day. . This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Linked companies : Rogers Communications Inc. - Bombardier Inc. Summary. Rogers-Hixon, her sister, mother, and numerous directors on the board were against the move; Rogers succeeded in the end. Please try again. 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. 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. Wireless head Dave Fuller is a Natale protege who has already stated publicly that he doesnt want to work for another CEO. Operating experience is a must for wireless companys CEO, Family has a duty to mend fences after battle, director says. The oldest executive at Rogers Communications Inc. is LorettaRogers, 80, who is the Director. 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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. Former CEO experience would be, frankly, very nice as well. Staffieri is a career finance executive who hasnt been a CEO before. This advertisement has not loaded yet, but your article continues below. The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. And for all the differences the two have had, never once, she says, did she doubt his intentions. Rogers is currently in the process of acquiring Shaw, a broadcaster serving Western Canada. 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. 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. 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. Comments may take up to an hour for moderation before appearing on the site. But important matters remain unresolved, including the top executive. The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. 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. 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. 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Musk Made a Mess at Twitter. 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. 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 . Natale was ousted and replaced by Rogers pick, Tony Staffieri, the companys chief financial officer. 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 . Visit our Community Guidelines for more information and details on how to adjust your email settings. He was actually quite principled, and I think hed kick our ass, frankly, she said. 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. Sign-up for MobileSyrup news sent straight to your inbox. The more unstable we are, the harder it is for us to execute and the easier it is for them to outperform us.. 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. . 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. Public asset : 54,348,805 USD. Wireless head Dave Fuller is a Natale protege who has already stated publicly that he doesnt want to work for another CEO. View Melinda Rogers' profile on LinkedIn, the world's largest professional community. If you want to find out more about us, visit about.rogers.com. There are 19 older and 1 younger executives at Rogers Communications. Dave Fuller? My response to that is we have shareholder meetings for a reason. 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 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. Ms. Rogers was appointed a director of Rogers Bank on December 31, 2017. If the only thing you know about sports is who wins and who loses, you are missing the highest stakes action of all. 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. Melinda Rogers-Hixon at her home in Toronto. Comments may take up to an hour for moderation before appearing on the site. Melinda Rogers-Hixon wants peace -- within her family and inside the boardroom of Canadas largest wireless and cable company. There was an error, please provide a valid email address. Our founder, Ted Rogers, purchased his first radio station, CHFI, in 1960. 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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