Edward wanted Tony Staffieri, the longtime chief financial officer. Edward wanted Tony Staffieri, the longtime chief financial officer. 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 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. 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. 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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. 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. 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 M. Rogers-Hixon founded Rogers Venture Partners LLC. Rogers Board Taps Chairman's Sister Melinda to Manage His Talks With 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. Sign-up for MobileSyrup news sent straight to your inbox. That allowed him to unilaterally fire five directors whod opposed him. Executives from Rogers argued this merger was the best for Canadians as it would bring more options to the market and increase competition. 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 . I believe that my brother wants to do whats right for the company, she said during a 90-minute interview. Ted Rogers, she said, would be appalled by recent developments. 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. Canada's Richest People: The Rogers Family - Canadian Business Theres a new head of the cable division, Robert Depatie, until recently a director who aligned himself with Edward Rogers in the boardroom battle. 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. Rogers sister's lawyer expects court to 'shut down' board changes - BNN We remain as duly elected members of the Rogers Communications Inc. Board and represent the majority of the Board members of the company. 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Melinda Rogers-Hixon wants to move past the family drama - MobileSyrup 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. Location: Toronto. Melinda Rogers wants peace with her brother but deep rifts remain Its founder, Ted Rogers, purchased his first radio station, CHFI, in 1960. Its an obligation, a responsibility -- not only as a board member and a shareholder, but as a member of the family. 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. Subscribe now to read the latest news in your city and across Canada. This is their biggest dream. 2023 Blue Ant Media Perched on a sofa inside her home in one of Toronto's most. 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. The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. Rogers is currently in the process of acquiring Shaw, a broadcaster serving Western Canada. Melinda M. Rogers-Hixon - Biography - MarketScreener After all, she points out, they have an obligation to employees, customers and shareholders to do so. Melinda Rogers-Hixon wants peace -- within her family and inside the boardroom of Canadas largest wireless and cable company. Also Read: Who is Henry Lebron? Melinda Rogers - Sr VP, Strategy & Development - LinkedIn Melinda Rogers-Hixon wants peace within her family and inside the boardroom of Canadas largest wireless and cable company. And as a daughter of my fathers.. Melinda Rogers-Hixon at her home in Toronto. 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. A month ago, after prevailing in court, Edward and his board allies installed Staffieri, officially on an interim basis. And not even six months of operating experience, she said. There are 19 older and 1 younger executives at Rogers Communications. This advertisement has not loaded yet, but your article continues below. In the meantime, the revolving door still spins at the companys headquarters in Toronto. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. Ms. Rogers holds a B.A. The information you requested is not available at this time, please check back again soon. That allowed him to unilaterally fire five directors whod opposed him. The Toronto-based telecommunications company said the group is made up of three directors, including Edwards sister Melinda Rogers-Hixon. Former CEO experience would be, frankly, very nice as well. Staffieri is a career finance executive who hasnt been a CEO before. Terms of use. And the decisions they make have huge consequences, not just for the bottom line, but for communities, cities, even entire countries. Melinda Rogers-Hixon's Post - linkedin.com Melinda Rogers-Hixon Deputy Chair & Director of the Board, Rogers Communications, Partner GTA Toronto . Age : 51. My response to that is we have shareholder meetings for a reason. He believed Natales performance wasnt up to par. 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. The information you requested is not available at this time, please check back again soon. But important matters remain unresolved, including the top executive. There are 10 executives at Rogers Communications getting paid more, with JosephNatale having the highest compensation of $11,704,000. Wait, so now you have a fifth, whos changing the strategy again, Rogers-Hixon said. 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. I believe that my brother wants to do whats right for the company, she said during a 90-minute interview. We along with the Management continue to work tirelessly on behalf of all stakeholders including customers, employees, and shareholders. Most recently, she was Founder of Rogers Venture Partners from 2011 to 2018. We encountered an issue signing you up. 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. The company is coming off its best third quarter in wireless in years. 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. Aspects specifically relating to broadcasting were discussed. Musk Made a Mess at Twitter. Create an account or sign in to continue with your reading experience. Major company holdings: Rogers Communications. Last updated: 1 February 2023 at 11:00am EST. We encountered an issue signing you up. 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 What followed was an extraordinary series of events that transfixed corporate Canada. Melinda Rogers-Hixon - Partner - Generation Transition Advisors - LinkedIn 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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