melinda rogers hixon net worth

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. This advertisement has not loaded yet, but your article continues below. . 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. We will stand behind each and every commitment made by our team today. 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. Our founder, Ted Rogers, purchased his first radio station, CHFI, in 1960. For Rogers-Hixon, there appears to be lingering frustration about the way the events played out this fall. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, This Week in Crypto: Ukraine War, Marathon Digital, FTX, An LG smartphone sits on display in an arranged photograph inside a Rogers Communications Inc. store in Toronto, Ontario. I believe that my brother wants to do what's right for the company. And the decisions they make have huge consequences, not just for the bottom line, but for communities, cities, even entire countries. Melinda M. Rogers-Hixon. 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. Wait, so now you have a fifth, whos changing the strategy again, Rogers-Hixon said. The Toronto-based telecommunications company said the group is made up of three directors, including Edwards sister Melinda Rogers-Hixon. But important matters remain unresolved, including the top executive. Edward wanted Tony Staffieri, the longtime chief financial officer. . 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. 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. But important matters remain unresolved, including the top executive. from the University of Western Ontario and a M.B.A. from Joseph L. Rotman School of Management at the University of Toronto. As the Deputy Chairman of the Board of Rogers Communications, the total compensation of Melinda Rogers at Rogers Communications is $527,044. 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. 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. Copyright 2023 Surperformance. 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. Theres a new head of the cable division, Robert Depatie, until recently a director who aligned himself with Edward Rogers in the boardroom battle. Oh my god, hes worth his weight in gold, Rogers-Hixon said. Rogers is currently in the process of acquiring Shaw, a broadcaster serving Western Canada. 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. We ask you to keep your comments relevant and respectful. The more unstable we are, the harder it is for us to execute and the easier it is for them to outperform us.. Ms. Rogers was appointed a director of Rogers Bank on December 31, 2017. Russia's war on Ukraine latest: Putin casts war as battle for nation's survival, India FM Jaishankar says Soros dangerous, debate needed on democracy, Buffett's Berkshire profit falls on investments, currencies, Bill Gates buys Heineken stake, despite saying he's 'not a big beer drinker', Elon Musk recruits team to develop OpenAI rival - The Information, Hedge fund manager Chris Hohn demands Airbus drop Atos deal - letter, Elon Musk's challenge: Stay ahead of the competition, ISS urges Apple shareholders to vote for CEO Tim Cook, other execs' pay packages, Elon Musk accuses media of racism after newspapers drop 'Dilbert' cartoon, French media billionaire Niel fails with bid for TNT television frequence - Arcom, DREAM OFFICE REAL ESTATE INVESTMENT TRUST, DREAM INDUSTRIAL REAL ESTATE INVESTMENT TRUST. 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 . Melinda Rogers-Hixon's Post. View Melinda Rogers' profile on LinkedIn, the world's largest professional community. Some folks might say there is some opening in the British Columbia statute and if that opening exists [Mr. Rogers] should be able to avail himself of it. Soliman said. But it will be the largest and most complex deal Rogers Communications has ever done, assuming it can win approval from regulators. Change in rank from 2017: No change. Also Read: Who is Henry Lebron? How old is Melinda Rogers? 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. Rogers matriarch Loretta Rogers wielded a quiet power theglobeandmail.com . Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. Net Worth:$11.57 billion( 26.9% from 2017) Rich 100 rank: #4. She told The Globe and Mail that rebuilding relationships isnt only important for the family, but for the future of Rogers and its employees. 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. That committee included three people MacDonald, director John Clappison and Melinda Rogers-Hixon, Edward's sister. Melinda Rogers-Hixon is one of three directors on new panel, Third-quarter earnings match estimates; revenue is flat. My response to that is we have shareholder meetings for a reason. We ask you to keep your comments relevant and respectful. 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. We encountered an issue signing you up. 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. 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. Privacy. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. Melinda M. Rogers-Hixon 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. Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. Ms. Rogers-Hixon has held progressively senior roles at Rogers since joining the company in 2000. No other group of individuals has any authority to purport to act as the Board of Directors of Rogers Communications Inc. That allowed him to unilaterally fire five directors whod opposed him. Operating experience is a must for wireless companys CEO, Family has a duty to mend fences after battle, director says. The company is coming off its best third quarter in wireless in years. Unauthorized distribution, transmission or republication strictly prohibited. Ted Rogers, she said, would be appalled by recent developments. Melinda Rogers-Hixon, deputy chair of Rogers Communications Inc., at her home in Toronto. A month ago, after prevailing in court, Edward and his board allies installed Staffieri, officially on an interim basis. Rogers-Hixon told the Globe Natale was the best CEO the company had since her father. 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. Postmedia has not reviewed the content. 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. Former CEO experience would be, frankly, very nice as well. Staffieri is a career finance executive who hasnt been a CEO before. The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. from the University of Western Ontario and a M.B.A. from Joseph L. Rotman School of Management at the University of Toronto. The daughter of the late Ted Rogers is a director at Rogers Communications. Major company holdings: Rogers Communications. See the complete profile on LinkedIn and discover Melinda's connections and jobs at similar companies. After all, she points out, they have an obligation to employees, customers and shareholders to do so. 365 Bloor Street East, Toronto, Ontario, M4W 3L4. The information you requested is not available at this time, please check back again soon. A month ago, after prevailing in court, Edward and his board allies installed Staffieri, officially on an interim basis. Dave Fuller? 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. 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Visit our Community Guidelines for more information and details on how to adjust your email settings. 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. Melinda Rogers-Hixon Deputy Chair & Director of the Board, Rogers Communications, Partner GTA Toronto . Melinda Rogers-Hixon wants peace -- within her family and inside the boardroom of Canadas largest wireless and cable company. 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. 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. Melinda Rogers is 49, she's been the Deputy Chairman of the Board of Rogers Communications since 2018. Recommended from Editorial The oldest executive at Rogers Communications Inc. is Loretta Rogers, 80, who is the Director. Wireless head Dave Fuller is a Natale protege who has already stated publicly that he doesnt want to work for another CEO. In the meantime, the revolving door still spins at the companys headquarters in Toronto. If at any time, somebody had the majority of votes in connection with a company and were able to just sign a piece of paper and replace the independent directors then we would never have shareholder meetings., Soliman said Mr. Rogers actions were not leader-like behaviour and it needs to be shut down and I expect the courts will shut this down., Shares in Rogers Communications fell as much as 6.2 per cent in early trading on Monday as investors reacted to the turmoil. Comments may take up to an hour for moderation before appearing on the site. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Natale was ousted and replaced by Rogers pick, Tony Staffieri, the companys chief financial officer. We remain as duly elected members of the Rogers Communications Inc. Board and represent the majority of the Board members of the company. Thirteen years and youve had four heads of cable? The daughter of the late Ted Rogers is a director at Rogers Communications. What followed was an extraordinary series of events that transfixed corporate Canada. And as a daughter of my fathers.. Ms. Rogers-Hixon has held progressively senior roles at Rogers since joining the company in 2000.

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