Edward wanted Tony Staffieri, the longtime chief financial officer. But it will be the largest and most complex deal Rogers Communications has ever done, assuming it can win approval from regulators. The next issue of Financial Post Top Stories will soon be in your inbox. Wait, so now you have a fifth, whos changing the strategy again, Rogers-Hixon said. 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. Rogers-Hixon, her sister, mother, and numerous directors on the board were against the move; Rogers succeeded in the end. Rogers-Hixon confirmed she is speaking with her brother but the two have a lot to get through. Just like every other time we have appeared before you, we will always meet our obligations and our commitments, he said on the first day of the hearing. 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. 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. We will stand behind each and every commitment made by our team today. Operating experience is a must for wireless companys CEO, Family has a duty to mend fences after battle, director says. Read more about cookies here. For more information:media@rci.rogers.com1-844-226-1338. About RogersRogers is a proud Canadian company dedicated to making more possible for Canadians each and every day. There are 19 older and 1 younger executives at Rogers Communications. . 365 Bloor Street East, Toronto, Ontario, M4W 3L4. He brought us the Shaw deal thats no small feat, she said. Its founder, Ted Rogers, purchased his first radio station, CHFI, in 1960. She was founder of 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 favour. I believe that my brother wants to do whats right for the company, she said during a 90-minute interview. 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. We apologize, but this video has failed to load. There was an error, please provide a valid email address. That allowed him to unilaterally fire five directors whod opposed him. 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. Melinda Rogers-Hixon wants peace within her family and inside the boardroom of Canada's largest wireless and cable company. The oldest executive at Rogers Communications Inc. is LorettaRogers, 80, who is the Director. 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She also served as Senior Vice President, Strategy and Development from 2006 to 2014, Vice President, Strategic Planning & Venture Investments from 2004 to 2006, and Vice President, Venture Investments from 2000 to 2004. We along with the Management continue to work tirelessly on behalf of all stakeholders including customers, employees, and shareholders. Ms. Rogers was appointed a director of Rogers Bank on December 31, 2017. What followed was an extraordinary series of events that transfixed corporate Canada. 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 daughter of the late Ted Rogers is a director at Rogers Communications. But important matters remain unresolved, including the top executive. Copyright 2023 Surperformance. The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. This is their biggest dream. 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. Rogers assured the CRTC drama surrounding the board wouldnt make its way into the merger. 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. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. No other group of individuals has any authority to purport to act as the Board of Directors of Rogers Communications Inc. . 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. Age : 51. 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. 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. 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. 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 . And for all the differences the two have had, never once, she says, did she doubt his intentions. 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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. Net Worth:$11.57 billion( 26.9% from 2017) Rich 100 rank: #4. Melinda Hixon corporate profile, background and performance evaluation including other Rogers Communication executives . Dave Fuller? The company is coming off its best third quarter in wireless in years. Will His AI Plans Be Any Different? If the only thing you know about sports is who wins and who loses, you are missing the highest stakes action of all. 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. Rogers totally committed to Shaw acquisition, chair says as CRTC hearings begin, Joe Natale out as Rogers CEO, to be replaced by former CFO Staffieri, Its the founders way or the highway: Governance at Rogers has raised eyebrows before, Rogers faces recruiting trouble if CEO is ousted, Newhaven president says, 'Its the founders way or the highway': Governance at Rogers has raised eyebrows before, tap here to see other videos from our team, Unlimited online access to articles from across Canada with one account, Get exclusive access to the National Post ePaper, an electronic replica of the print edition that you can share, download and comment on, Enjoy insights and behind-the-scenes analysis from our award-winning journalists, Support local journalists and the next generation of journalists, Daily puzzles including the New York Times Crossword, Access articles from across Canada with one account, Share your thoughts and join the conversation in the comments, Get email updates from your favourite authors. In the meantime, the revolving door still spins at the companys headquarters in 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. Visit our Community Guidelines for more information and details on how to adjust your email settings. Most recently, she was Founder of Rogers Venture Partners from 2011 to 2018. Melinda Rogers-Hixon wants peace within her family and inside the boardroom of Canadas largest wireless and cable company. 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). I believe that my brother wants to do what's right for the company. The conflict isnt personal, she said. 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Rogers is a proud Canadian company dedicated to making more possible for Canadians each and every day. . Postmedia has not reviewed the content. TORONTO, Oct. 24, 2021 (GLOBE NEWSWIRE) We unequivocally support Joe Natale as CEO and support his management team. We encountered an issue signing you up. Melinda M. Rogers-Hixon. Melinda Rogers is 49, she's been the Deputy Chairman of the Board of Rogers Communications since 2018. She joined forces with other board members last month . 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. Former CEO experience would be, frankly, very nice as well. Staffieri is a career finance executive who hasnt been a CEO before. 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