Rogers Communications has revealed that Deputy Chair Melinda Rogers-Hixon and Martha Rogers are set to retire from the board of the Canadian telecom giant. The decision is part of a private settlement reached among members of the founding family.
The telecommunications company found itself embroiled in a boardroom battle in 2021, leading to uncertainties about the fate of a multibillion-dollar takeover of Shaw Communications and impacting the stock.
Melinda Rogers-Hixon and Martha Rogers were key figures in the boardroom conflict, having voted to remove Edward Rogers as the chairperson of the company. This move came in response to Edward Rogers’ attempt to replace then-CEO Joe Natale with his confidant and the current CEO, Tony Staffieri.
In a joint statement, Melinda Rogers-Hixon and Martha Rogers explained, “With our family differences now settled, we both believe this is the appropriate time to retire from the Rogers Communications board.”
The retirement of these family members marks a significant development for Rogers Communications, potentially signaling the resolution of internal disputes that have impacted the company’s leadership and strategic decisions. The private settlement and subsequent retirements come as the company seeks stability and a clear path forward in the highly competitive telecommunications industry.