melinda rogers hixon net worth

melinda rogers hixon net worth. He was actually quite principled, and I think hed kick our ass, frankly, she said. My response to that is we have shareholder meetings for a reason. . Melinda Rogers-Hixon wants peace within her family and inside the boardroom of Canada's largest wireless and cable company. The familys strained relationship has been in the public eye for months when her brother, Edward Rogers, attempted to oust former CEO Joe Natale, without bringing the matter to the board. Most analysts expect Rogers to face a tough negotiation with Canadas competition body and the government before closing the deal sometime in 2022. Wireless head Dave Fuller is a Natale protege who has already stated publicly that he doesnt want to work for another CEO. 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.. Her net worth is estimated to be $8 billion. Will His AI Plans Be Any Different? She is the owner of the Loretta Anne yacht. melinda.hixon@comcast.net melindahixon1290@yahoo.com melindahixon@alltel.net Current address 2547 Patterson Bridge . 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. Former CEO experience would be, frankly, very nice as well. Staffieri is a career finance executive who hasnt been a CEO before. 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 the meantime, the revolving door still spins at the companys headquarters in Toronto. 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. And the decisions they make have huge consequences, not just for the bottom line, but for communities, cities, even entire countries. 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Comments may take up to an hour for moderation before appearing on the site. 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. 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. Wait, so now you have a fifth, whos changing the strategy again, Rogers-Hixon 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. If you are a Home delivery print subscriber, unlimited online access is. 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Theres a new head of the cable division, Robert Depatie, until recently a director who aligned himself with Edward Rogers in the boardroom battle. The more unstable we are, the harder it is for us to execute and the easier it is for them to outperform us.. 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. Musk Made a Mess at Twitter. What followed was an extraordinary series of events that transfixed corporate Canada. 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. There are 19 older and 1 younger executives at Rogers Communications. Ms. Rogers-Hixon holds a B.A. 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. Edward Rogers, chairman of Rogers Communications Inc., attends a Canadian Radio-Television And Telecommunications Commission (CRTC) hearing in Gatineau, Quebec, in November. And as a daughter of my fathers.. A month ago, after prevailing in court, Edward and his board allies installed Staffieri, officially on an interim basis. All rights reserved. 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 encountered an issue signing you up. 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. "Think of Bell or Telus," she said, referring to. Melinda Rogers is 49, she's been the Deputy Chairman of the Board of Rogers Communications since 2018. 365 Bloor Street East, Toronto, Ontario, M4W 3L4. 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. There was an error, please provide a valid email address. For more information:media@rci.rogers.com1-844-226-1338. 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. 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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. Thirteen years and youve had four heads of cable? Melinda Rogers-Hixon at her home in Toronto. She was founder of Rogers . Our founder, Ted Rogers, purchased his first radio station, CHFI, in 1960. Create an account or sign in to continue with your reading experience. The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. I believe that my brother wants to do what's right for the company. This is their biggest dream. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. If you don't see it, please check your junk folder. Rogers assured the CRTC drama surrounding the board wouldnt make its way into the merger. The next issue of Financial Post Top Stories will soon be in your inbox. 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 Blue Ant Media Rogers-Hixon confirmed she is speaking with her brother but the two have a lot to get through. 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. I believe that my brother wants to do whats right for the company, she said during a 90-minute interview. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. We will stand behind each and every commitment made by our team today. Ted Rogers, she said, would be appalled by recent developments. We remain as duly elected members of the Rogers Communications Inc. Board and represent the majority of the Board members of the company. 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. We apologize, but this video has failed to load. Ms. Rogers-Hixon has held progressively senior roles at Rogers since joining the company in 2000. Age, Boxer Wiki, Family, Net worth, Biography Everything about Education Rogers graduated from the University of Miami with a Bachelor of Fine Arts degree. Merging with Shaw was a dream held by her late father, company founder Ted Rogers. This advertisement has not loaded yet, but your article continues below. She is Chairman at Jays Care Foundation, Director-Governing Council at the University of Toronto and Member-Governors Board at Huron University . 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. Think of Bell or Telus, she said, referring to Rogers main competitors. Melinda Rogers-Hixon wants peace -- within her family and inside the boardroom of Canadas largest wireless and cable company. The company is making several promises to win the favor of investors and government officials, including that it will wring out $1 billion (US$780 million) in savings. Musk Made a Mess at Twitter. This is their biggest dream. 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. 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. 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. 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. Ms. Rogers serves on the board of Maple Leaf Sports and Entertainment and is Chair of Jays Care Foundation. 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. 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. Edward wanted Tony Staffieri, the longtime chief financial officer. 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. Most recently, she was Founder of Rogers Venture Partners from 2011 to 2018. sisters Melinda Rogers-Hixon and Martha Rogers and his mother. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Rogers-Hixon, her sister, mother, and numerous directors on the board were against the move; Rogers succeeded in the end. Melinda Rogers-Hixon at her home in Toronto. About RogersRogers is a proud Canadian company dedicated to making more possible for Canadians each and every day. Most analysts expect Rogers to face a tough negotiation with Canadas competition body and the government before closing the deal sometime in 2022. The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. 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. And the decisions they make have huge consequences, not just for the bottom line, but for communities, cities, even entire countries. That allowed him to unilaterally fire five directors whod opposed him. Merging with Shaw was a dream held by her late father, company founder Ted Rogers. from the University of Western Ontario and a M.B.A. from Joseph L. Rotman School of Management at the University of Toronto. Subscribe now to read the latest news in your city and across Canada. If you are doing a job search for somebody to run a $50-billion corporation, I fully and firmly believe operating experience is a must. Ms. Rogers-Hixon has held progressively senior roles at Rogers Communications Inc. since joining the company in 2000. Sign-up for MobileSyrup news sent straight to your inbox. Last updated: 1 February 2023 at 11:00am EST. 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. But it will be the largest and most complex deal Rogers Communications has ever done, assuming it can win approval from regulators. Melinda has 1 job listed on their profile. 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. Please try again. from the University of Western Ontario and a M.B.A. from Joseph L. Rotman School of Management at the University of Toronto. For Rogers-Hixon, there appears to be lingering frustration about the way the events played out this fall. The Toronto-based telecommunications company said the group is made up of three directors, including Edwards sister Melinda Rogers-Hixon. articles a month for anyone to read, even non-subscribers! Melinda M. Rogers-Hixon founded Rogers Venture Partners LLC. Rogers is a proud Canadian company dedicated to making more possible for Canadians each and every day. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. The information you requested is not available at this time, please check back again soon. 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. She joined forces with other board members last month to block the move to replace Natale with Chief Financial Officer Tony Staffieri. 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. Unauthorized distribution, transmission or republication strictly prohibited. Privacy. Location: Toronto. If you want to find out more about us, visit about.rogers.com. Most recently, she was Founder of Rogers Venture Partners from 2011 to 2018. We along with the Management continue to work tirelessly on behalf of all stakeholders including customers, employees, and shareholders. Its an obligation, a responsibility -- not only as a board member and a shareholder, but as a member of the family. Melinda Rogers is 49, she's been the Deputy Chairman of the Board of Rogers Communications since 2018. Dave Fuller? Read more about cookies here. Hed be pissed.. 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Edward wanted Tony Staffieri, the longtime chief financial officer. The power struggle has died down for the moment, and family members speak to one another regularly, she said. When Canadian carriers lock their doors, does it change the shopping experience? If the only thing you know about sports is who wins and who loses, you are missing the highest stakes action of all. 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. Perched on a sofa inside her home in one of Toronto's most. No other group of individuals has any authority to purport to act as the Board of Directors of Rogers Communications Inc. 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. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. 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. Ms. Rogers was awarded an honorary doctorate from Huron University College at Western University in November 2018. Copyright 2023 Surperformance. The oldest executive at Rogers Communications Inc. is Loretta Rogers, 80, who is the Director. 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. Ms. Rogers has held progressively senior roles at Rogers since joining the company in 2000. She joined forces with other board members last month . Subscribe now to read the latest news in your city and across Canada. Net Worth:$11.57 billion( 26.9% from 2017) Rich 100 rank: #4. Melinda Rogers-Hixon 1mo Report this post She was a role model to me and so many women. Copyright 2023 Surperformance. The company is coming off its best third quarter in wireless in years.