By Rogers Communications, the Canadian telecommunications giant, has recently announced that two board members and members of the Rogers family have retired from the company board as part of a private family settlement.
The retirement of Melinda Rogers-Hixon and Martha Rogers from the Rogers board marks the latest development in a longstanding family feud that arose from disagreements over the governance of the company.
Back in October, the two sisters initiated a legal challenge against Rogers in an attempt to obtain documents related to the company’s merger with Shaw Communications. They alleged that the company was withholding these documents from them.
However, with their family differences now resolved, the retiring board members have decided that this is the appropriate time to retire from the board.
Melinda Rogers-Hixon has been a member of the Rogers board since 2002 and assumed the role of deputy chair in 2018. Prior to joining the board, she held various management roles at the company for 15 years, including senior vice president of strategy and development. In 2011, she also founded Rogers Venture Partners.
Martha Rogers joined the board in 2008 and has been serving as the chair of the ESG committee since 2021.
In a statement, Rogers-Hixon and Rogers expressed their continued pride and commitment as shareholders of the company. They stated, “We look forward to supporting its success in the future. In the words of our late father, the best is yet to come.”
It’s worth noting that voting control of Rogers Communication is held by the Rogers Control Trust, which owns 97.5% of the voting Class A shares. This trust was established to benefit successive generations of the Rogers family.
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