. 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. We have a responsibility to ensure that we have the best person in the role of CEO that we can possibly get, said Rogers-Hixon, 50. Ms. Rogers-Hixon was appointed a director of Rogers Bank on December 31, 2017. Ted Rogers, she said, would be appalled by recent developments. Merging with Shaw was a dream held by her late father, company founder Ted Rogers. 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. Melinda has 1 job listed on their profile. Melinda Rogers-Hixon at her home in Toronto. Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. Create an account or sign in to continue with your reading experience. Melinda Rogers-Hixon at her home in Toronto. Its founder, Ted Rogers, purchased his first radio station, CHFI, in 1960. Rogers is currently in the process of acquiring Shaw, a broadcaster serving Western Canada. We will stand behind each and every commitment made by our team today. If you don't see it, please check your junk folder. We ask you to keep your comments relevant and respectful. Former CEO experience would be, frankly, very nice as well. Staffieri is a career finance executive who hasnt been a CEO before. She told The Globe and Mail that rebuilding relationships isnt only important for the family, but for the future of Rogers and its employees. In the meantime, the revolving door still spins at the companys headquarters in Toronto. Read more about cookies here. Most recently, she was Founder of Rogers Venture Partners from 2011 to 2018. Article content. Comments may take up to an hour for moderation before appearing on the site. And the decisions they make have huge consequences, not just for the bottom line, but for communities, cities, even entire countries. Wait, so now you have a fifth, whos changing the strategy again, Rogers-Hixon said. Musk Made a Mess at Twitter. Please try again. 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. 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Melinda Hixon is Deputy Chairman of the Board of Rogers Communication. 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. from the University of Western Ontario and a M.B.A. from Joseph L. Rotman School of Management at the University of Toronto. Aspects specifically relating to broadcasting were discussed. But important matters remain unresolved, including the top executive. 2023 Blue Ant Media The company is coming off its best third quarter in wireless in years. melinda rogers hixon net worth. That allowed him to unilaterally fire five directors whod opposed him. Lawyers representing the company, along with several Rogers family members including Loretta Rogers - Edwards mother and widow of the late Ted Rogers - insist the only way to remove a director from the corporate board is through a shareholder meeting. That committee included three people MacDonald, director John Clappison and Melinda Rogers-Hixon, Edward's sister. Merging with Shaw was a dream held by her late father, company founder Ted Rogers. 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. 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.. 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. And for all the differences the two have had, never once, she says, did she doubt his intentions. What followed was an extraordinary series of events that transfixed corporate Canada. Most analysts expect Rogers to face a tough negotiation with Canadas competition body and the government before closing the deal sometime in 2022. Edward wanted Tony Staffieri, the longtime chief financial officer. This advertisement has not loaded yet, but your article continues below. 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. As the Deputy Chairman of the Board of Rogers Communications, the total compensation of Melinda Rogers at Rogers Communications is $527,044. Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. Operating experience is a must for wireless companys CEO, Family has a duty to mend fences after battle, director says. We have a responsibility to ensure that we have the best person in the role of CEO that we can possibly get, said Rogers-Hixon, 50. The company is coming off its best third quarter in wireless in years. Edward wanted Tony Staffieri, the longtime chief financial officer. Rogers matriarch Loretta Rogers wielded a quiet power theglobeandmail.com . Theres a new head of the cable division, Robert Depatie, until recently a director who aligned himself with Edward Rogers in the boardroom battle. We apologize, but this video has failed to load. Rogers-Hixon told the Globe Natale was the best CEO the company had since her father. 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. If you are a Home delivery print subscriber, unlimited online access is. There are 10 executives at Rogers Communications getting paid more, with JosephNatale having the highest compensation of $11,704,000. 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. Edward Rogers, chairman of Rogers Communications Inc., attends a Canadian Radio-Television And Telecommunications Commission (CRTC) hearing in Gatineau, Quebec, in November. Her net worth is estimated to be $8 billion. There are 19 older and 1 younger executives at Rogers Communications. Rogers assured the CRTC drama surrounding the board wouldnt make its way into the merger. 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 . Age, Boxer Wiki, Family, Net worth, Biography Everything about Education Rogers graduated from the University of Miami with a Bachelor of Fine Arts degree.