melinda rogers hixon net worth

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. Melinda M. Rogers-Hixon. If you don't see it, please check your junk folder. If you are a Home delivery print subscriber, unlimited online access is. And for all the differences the two have had, never once, she says, did she doubt his intentions. And as a daughter of my fathers.. Visit our Community Guidelines for more information and details on how to adjust your email settings. It has 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. 2023 Blue Ant Media The daughter of the late Ted Rogers is a director at Rogers Communications. That allowed him to unilaterally fire five directors whod opposed him. Most recently, she was Founder of Rogers Venture Partners from 2011 to 2018. Linked companies : Rogers Communications Inc. - Bombardier Inc. Summary. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. His mother Loretta Rogers and sisters Martha Rogers and Melinda Rogers-Hixon were firmly against the plan and tried unsuccessfully to rein in Edward's control over the Rogers Control Trust, the vehicle put into effect after Ted Rogers died in 2008 through which they exercise control over the large telecommunication company. Its founder, Ted Rogers, purchased his first radio station, CHFI, in 1960. Melinda Rogers-Hixon 1mo Report this post She was a role model to me and so many women. 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. 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. Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. The information you requested is not available at this time, please check back again soon. 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. Ms. Rogers-Hixon was appointed a director of Rogers Bank on December 31, 2017. Our founder, Ted Rogers, purchased his first radio station, CHFI, in 1960. He believed Natales performance wasnt up to par. 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. The company is coming off its best third quarter in wireless in years. Ms. Rogers-Hixon has held progressively senior roles at Rogers since joining the company in 2000. Create an account or sign in to continue with your reading experience. This is their biggest dream. 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. We ask you to keep your comments relevant and respectful. 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. Article content. Read more about cookies here. Ms. Rogers-Hixon said Thursday in her first interview since a boardroom battle over the company's leadership found her, two of her family members and the majority of the company's independent. After all, she points out, they have an obligation to employees, customers and shareholders to do so. And as a daughter of my fathers.. Melinda Mary Rogers serves as Deputy Chairman of the Board of the Company. articles a month for anyone to read, even non-subscribers! And the decisions they make have huge consequences, not just for the bottom line, but for communities, cities, even entire countries. 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 next issue of Financial Post Top Stories will soon be in your inbox. Subscribe now to read the latest news in your city and across Canada. 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. Melinda Rogers-Hixon wants peace within her family and inside the boardroom of Canadas largest wireless and cable company. Moments in an interview revealed magnitude of fissures inside Rogers clan and how tricky repairing them will be. . Aspects specifically relating to broadcasting were discussed. 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. 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. Wireless head Dave Fuller is a Natale protege who has already stated publicly that he doesnt want to work for another CEO. 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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. When Canadian carriers lock their doors, does it change the shopping experience? There was an error, please provide a valid email address. Musk Made a Mess at Twitter. Ms. Rogers holds a B.A. What followed was an extraordinary series of events that transfixed corporate Canada. About RogersRogers is a proud Canadian company dedicated to making more possible for Canadians each and every day. Ted Rogers, she said, would be appalled by recent developments. 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 Rogers-Hixon wants peace -- within her family and inside the boardroom of Canadas largest wireless and cable company. We have enabled email notificationsyou will now receive an email if you receive a reply to your comment, there is an update to a comment thread you follow or if a user you follow comments. Ted Rogers, she said, would be appalled by recent developments. It says it will spend $1 billion on high-speed internet for remote places and another $2.5 billion to improve wireless networks in western Canada. And the decisions they make have huge consequences, not just for the bottom line, but for communities, cities, even entire countries. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. 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. If the only thing you know about sports is who wins and who loses, you are missing the highest stakes action of all. 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. Melinda Rogers-Hixon wants peace within her family and inside the boardroom of Canada's largest wireless and cable company. 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. We apologize, but this video has failed to load. Ms. Rogers has held progressively senior roles at Rogers since joining the company in 2000. melinda rogers hixon net worth. Major company holdings: Rogers Communications. 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. Melinda Rogers-Hixon wants peace -- within her family and inside the boardroom of Canada's largest wireless and cable company. No other group of individuals has any authority to purport to act as the Board of Directors of Rogers Communications Inc. Ms. Rogers-Hixon serves on the board of Maple Leaf Sports and Entertainment and is Chair of Jays Care Foundation. For Rogers-Hixon, there appears to be lingering frustration about the way the events played out this fall. We encountered an issue signing you up. Postmedia has not reviewed the content. Melinda Rogers-Hixon's Post. Mr. Rogers and his supporters, meanwhile, believe B.C. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. Copyright 2023 Surperformance. The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. Former CEO experience would be, frankly, very nice as well. Staffieri is a career finance executive who hasnt been a CEO before. Ms. Rogers has served as Deputy Chair of the Board of RCI since January 2018, and as Vice Chair of the Rogers Control Trust4 since 2008. Theres a new head of the cable division, Robert Depatie, until recently a director who aligned himself with Edward Rogers in the boardroom battle. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. 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. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. All rights reserved. What followed was an extraordinary series of events that transfixed corporate Canada. 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. The company is coming off its best third quarter in wireless in years. . "Think of Bell or Telus," she said, referring to. Rogers-Hixon told the Globe Natale was the best CEO the company had since her father. 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 Most analysts expect Rogers to face a tough negotiation with Canadas competition body and the government before closing the deal sometime in 2022. 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. Ms. Rogers was awarded an honorary doctorate from Huron University College at Western University in November 2018. Unauthorized distribution, transmission or republication strictly prohibited. This advertisement has not loaded yet, but your article continues below. The more unstable we are, the harder it is for us to execute and the easier it is for them to outperform us.. I believe that my brother wants to do what's right for the company. 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. Melinda Rogers-Hixon Deputy Chair & Director of the Board, Rogers Communications, Partner GTA Toronto . Wireless head Dave Fuller is a Natale protege who has already stated publicly that he doesnt want to work for another CEO. 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. Rogers assured the CRTC drama surrounding the board wouldnt make its way into the merger. Hed be pissed.. 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. She joined forces with other board members last month to block the move to replace Natale with Chief Financial Officer Tony Staffieri. How old is Melinda Rogers? The power struggle has died down for the moment, and family members speak to one another regularly, she said. Privacy. If you want to find out more about us, visit about.rogers.com. The next issue of Financial Post Top Stories will soon be in your inbox. Think of Bell or Telus, she said, referring to Rogerss main competitors. Melinda Rogers-Hixon is one of three directors on new panel, Third-quarter earnings match estimates; revenue is flat. She is the owner of the Loretta Anne yacht. Comments may take up to an hour for moderation before appearing on the site. View Melinda Rogers' profile on LinkedIn, the world's largest professional community. This is their biggest dream. Public asset : 54,348,805 USD. Location: Toronto. 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.. The conflict isnt personal, she said. We apologize, but this video has failed to load. 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. Rogers is currently in the process of acquiring Shaw, a broadcaster serving Western Canada. Melinda Rogers-Hixon at her home in Toronto. 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. Last updated: 1 February 2023 at 11:00am EST. Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. Edward, the only son of company founder Ted Rogers, claimed to have installed five new directors last week via a written resolution; and, on Sunday, reclaimed the role of chair at RCI after the first meeting with his hand-picked directors. The daughter of the late Ted Rogers is a director at Rogers Communications. And not even six months of operating experience, she said. 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. Rogers Communications executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. Most analysts expect Rogers to face a tough negotiation with Canadas competition body and the government before closing the deal sometime in 2022. 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. In the meantime, the revolving door still spins at the companys headquarters in Toronto. Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. 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. All rights reserved. Age, Boxer Wiki, Family, Net worth, Biography Everything about Education Rogers graduated from the University of Miami with a Bachelor of Fine Arts degree. The oldest executive at Rogers Communications Inc. is Loretta Rogers, 80, who is the Director. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. Please try again. There was an error, please provide a valid email address. TORONTO, Oct. 24, 2021 (GLOBE NEWSWIRE) We unequivocally support Joe Natale as CEO and support his management team. He was actually quite principled, and I think hed kick our ass, frankly, she said. Oh my god, hes worth his weight in gold, Rogers-Hixon said. A month ago, after prevailing in court, Edward and his board allies installed Staffieri, officially on an interim basis. Age : 51. The deal was the subject of a hearing with the Canadian Radio-television and Telecommunications Commission (CRTC) last week. He brought us the Shaw deal thats no small feat, she said. The power struggle has died down for the moment, and family members speak to one another regularly, she said. 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. There are 19 older and 1 younger executives at Rogers Communications. She is Chairman at Jays Care Foundation, Director-Governing Council at the University of Toronto and Member-Governors Board at Huron University . Edward wanted Tony Staffieri, the longtime chief financial officer. 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. The information you requested is not available at this time, please check back again soon. In her first interview since the Rogers board debacle earlier this year, Melinda Rogers-Hixon says rebuilding broken family relationships is of the utmost importance. 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That allowed him to unilaterally fire five directors whod opposed him. from the University of Western Ontario and a M.B.A. from Joseph L. Rotman School of Management at the University of Toronto. Dave Fuller? Executives from Rogers argued this merger was the best for Canadians as it would bring more options to the market and increase competition. Ms. Rogers-Hixon was appointed a director of Rogers Bank on December 31, 2017. In her first interview since the Rogers board debacle earlier this year, Melinda Rogers-Hixon says rebuilding broken family relationships is of the utmost importance. 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. In the meantime, the revolving door still spins at the companys headquarters in Toronto. 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. The oldest executive at Rogers Communications Inc. is LorettaRogers, 80, who is the Director. See the complete profile on LinkedIn and discover Melinda's connections and jobs at similar companies. Melinda Rogers is 49, she's been the Deputy Chairman of the Board of Rogers Communications since 2018. Rogers matriarch Loretta Rogers wielded a quiet power theglobeandmail.com . 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. 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 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. sisters Melinda Rogers-Hixon and Martha Rogers and his mother. For more information:media@rci.rogers.com1-844-226-1338. Operating experience is a must for wireless companys CEO, Family has a duty to mend fences after battle, director says. 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. Also Read: Who is Henry Lebron? I believe that my brother wants to do whats right for the company, she said during a 90-minute interview. 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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