melinda rogers hixon net worth

Rogers matriarch Loretta Rogers wielded a quiet power theglobeandmail.com . Comments may take up to an hour for moderation before appearing on the site. She joined forces with other board members last month to block the move to replace Natale with Chief Financial Officer Tony Staffieri. 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. Postmedia has not reviewed the content. 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.. Create an account or sign in to continue with your reading experience. We apologize, but this video has failed to load. The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. Loretta Rogers, the company matriarch, moved a motion to remove her own son as chairman of Rogers Communications. Wait, so now you have a fifth, whos changing the strategy again, Rogers-Hixon said. The conflict isnt personal, she said. Melinda Rogers-Hixon wants to move past the family drama - MobileSyrup And not even six months of operating experience, she said. Age : 51. Thirteen years and youve had four heads of cable? Ms. Rogers-Hixon serves on the board of Maple Leaf Sports and Entertainment and is Chair of Jays Care Foundation. He was actually quite principled, and I think hed kick our ass, frankly, she said. We ask you to keep your comments relevant and respectful. This is their biggest dream. The daughter of the late Ted Rogers is a director at Rogers Communications. Ted Rogers, she said, would be appalled by recent developments. . There are 19 older and 1 younger executives at Rogers Communications. 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. Read more about cookies here. Public asset : 54,348,805 USD. Ms. Rogers serves on the board of Maple Leaf Sports and Entertainment and is Chair of Jays Care Foundation. Rogers Board Taps Chairman's Sister Melinda to Manage His Talks With 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 . If you want to find out more about us, visit about.rogers.com. 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. The more unstable we are, the harder it is for us to execute and the easier it is for them to outperform us.. . The conflict isnt personal, she said. Melinda Rogers-Hixon, deputy chair of Rogers Communications Inc., at her home in Toronto. But important matters remain unresolved, including the top executive. Article content. She joined forces with other board members last month . Linked companies : Rogers Communications Inc. - Bombardier Inc. Summary. Natale was ousted and replaced by Rogers pick, Tony Staffieri, the companys chief financial officer. Our board, our management team, and I are totally committed to this deal. 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. The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. 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. But important matters remain unresolved, including the top executive. Ms. Rogers-Hixon was awarded an honorary doctorate from Huron University College at Western University in November 2018. Most recently, she was Founder of Rogers Venture Partners from 2011 to 2018. Its founder, Ted Rogers, purchased his first radio station, CHFI, in 1960. 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That committee included three people MacDonald, director John Clappison and Melinda Rogers-Hixon, Edward's sister. 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. Canadian telecomm giant Rogers is locked in a real life season of A statement on behalf of Loretta Rogers, Melinda Rogers-Hixon, Martha We along with the Management continue to work tirelessly on behalf of all stakeholders including customers, employees, and shareholders. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. 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. I believe that my brother wants to do whats right for the company, she said during a 90-minute interview. Melinda Rogers-Hixon at her home in Toronto. 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. And for all the differences the two have had, never once, she says, did she doubt his intentions. Its an obligation, a responsibility -- not only as a board member and a shareholder, but as a member of the family. 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. Thirteen years and youve had four heads of cable? We encountered an issue signing you up. Copyright 2023 Surperformance. sisters Melinda Rogers-Hixon and Martha Rogers and his mother. 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. There are 10 executives at Rogers Communications getting paid more, with JosephNatale having the highest compensation of $11,704,000. 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. 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. 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. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. That allowed him to unilaterally fire five directors whod opposed him. Melinda Rogers-Hixon wants peace -- within her family and inside the boardroom of Canadas largest wireless and cable company. 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. 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. Ms. Rogers was awarded an honorary doctorate from Huron University College at Western University in November 2018. From media and technology to finance and real estate, leagues and teams across the globe have matured into far more than just back page entertainment. Will His AI Plans Be Any Different? Edward wanted Tony Staffieri, the longtime chief financial officer. 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. Melinda Rogers-Hixon Deputy Chair & Director of the Board, Rogers Communications, Partner GTA Toronto . Edward wanted Tony Staffieri, the longtime chief financial officer. Melinda Rogers-Hixon is one of three directors on new panel, Third-quarter earnings match estimates; revenue is flat. 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. He brought us the Shaw deal thats no small feat, she said. Rogers-Hixon told the Globe Natale was the best CEO the company had since her father. About RogersRogers is a proud Canadian company dedicated to making more possible for Canadians each and every day. Comments may take up to an hour for moderation before appearing on the site. We encountered an issue signing you up. Melinda Rogers is 49, she's been the Deputy Chairman of the Board of Rogers Communications since 2018. . 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. 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. Melinda Rogers wants peace with brother Edward but deep - torontosun The next issue of Financial Post Top Stories will soon be in your inbox. Her net worth is estimated to be $8 billion. 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. Ms. Rogers-Hixon has held progressively senior roles at Rogers since joining the company in 2000. Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. Melinda M. Rogers-Hixon. 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. 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. Melinda Rogers-Hixon at her home in Toronto. Melinda Rogers-Hixon 1mo Report this post She was a role model to me and so many women. Melinda Rogers-Hixon's Post - linkedin.com Terms of use. TORONTO, Oct. 24, 2021 (GLOBE NEWSWIRE) We unequivocally support Joe Natale as CEO and support his management team. Copyright 2023 Surperformance. There was an error, please provide a valid email address. About Rogers Rogers is a proud Canadian company dedicated to making more possible for Canadians each and every day. 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. And for all the differences the two have had, never once, she says, did she doubt his intentions. Oh my god, hes worth his weight in gold, Rogers-Hixon said. Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. All rights reserved. 2023 Blue Ant Media articles a month for anyone to read, even non-subscribers! 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.