TORONTO – Telecommunications giant Rogers Communications Inc. has found itself embroiled in a family drama that experts believe could have implications for all factions of the media conglomerate.
Last week, Edward Rogers, the recently ousted chairman of the board, said he had been re-elected as the chairman of a new board that he had chosen, a move opposed by other members of the Rogers family and some other board members. Step.
But who are the family members involved in the assault? Granthshala.ca has compiled a list of prominent members of the Rogers family at the center of the financial controversy.
Rogers Communications Inc. President and CEO of Ted Rogers speaks to shareholders at the Company’s Annual General Meeting in Toronto, Tuesday, April 29, 2008. (Adrian Wylde / The Canadian Press)
Edward Rogers Sr., better known as Ted Rogers, was the president and CEO of Rogers Communications Inc. (RCI) and at the time of his death in 2008 was the fifth richest person in Canada.
Although his father Edward S. Rogers Sr. is considered the founder of RCI, the company founded in 1967, several years after his father’s death.
Ted was the sole owner of the Toronto Blue Jays from 2003 until his death. He was an officer of the Order of Canada and received a nomination in the Telecommunications Hall of Fame. He also donated over $41 million to the University of Toronto and Ryerson University in the 2000s.
Edward Rogers attends the Rogers AGM on Thursday, April 18, 2019 in Toronto. Canadian Press/Chris Young
Ted’s 52-year-old son Edward Rogers was ousted as chairman of Rogers’ board of directors last week after details of his plans to oust the company’s CEO, Joe Natale, emerged. A few days later, with six new members of the board of directors, Edward re-established himself as chairman.
According to the Rogers website, Edward is also the chairman of Rogers’ Finance Committee, Nominations Committee, Executive Committee, Rogers Bank and Toronto Blue Jays.
Edward is on the board of directors of the Maple Leafs Sports and Entertainment (MLSE), the owner of nine Toronto-area sports teams including the Toronto Maple Leafs, Toronto Raptors and Toronto FC.
He also served on the board of the Hospital for Sick Children Foundation between 2016 and 2020. His wife Suzanne remains on the board.
Widow Loretta Rogers, front right, watches over the funeral of her husband Ted Rogers at St. James’s Cathedral in Toronto, Tuesday, December 9, 2008. Canadian Press/Nathan Dennett
Loretta Rogers, Ted’s widow and Edward’s mother, is a company director and a member of the Rogers Control Trust’s advisory committee.
Loretta CEO Joe has voiced his support for Natale, indicating that “no other group of persons has any authority to act on the board of directors of Rogers Communications Inc.”
He holds honorary Doctor of Laws from the University of Western Ontario, Ryerson University and the University of Toronto. She is a board member for both the Toronto General and Western Hospital Foundations.
Edward’s sister Martha Rogers is the chair of Rogers’ Environment, Social, Governance (ESG) committee. She is also a member of the advisory committee for the Rogers Control Trust and previously served as director of Rogers Wireless Communications Inc. and Rogers Media Inc.
She called on her brother to “step down” from Rogers in a barrage of tweets over the weekend.
He also holds high-ranking positions at several charities including the Martha the Rogers Foundation, Canadian Lyford’s Foundation, Artists for Peace and Justice and Global Poverty Project Canada.
Edward’s sister is Melinda Rogers-Hickson, Vice President of the Board, Vice President of Rogers Control Trust and Director of Rogers Bank.
Rogers-Hickson is a board member for the MLSE and chairman of the Blue Jays’ charitable effort, known as the Jays Care Foundation.
Speaking to BNN Bloomberg on behalf of Rogers-Hickson, His lawyer, Walid Soliman, called Edward’s move “unconscious” and “quite regrettable”. He said he expected the courts in British Columbia, which would hear the case, to invalidate the action.
Joe Natale Laughs While Talking With Telus Corporation Board members before the Telecom Company’s Annual General Meeting on Thursday May 8, 2014 in Vancouver, BC. Canadian Press/Daryl Dyke
Natale, who has been the President and CEO of RCI since 2017, has previously held several senior positions at Telus. Natale co-founded PNO Management Consultants Inc., which was eventually acquired by KPMG in 1997.
Edward and several senior Rogers executives plan to oust Natale as CEO, although he is supported by other members of the Rogers family.
Anthony Stafieri was RCI’s chief financial officer until his resignation at the end of September. No official reason has been given for his resignation.
Stafieri was Edward’s choice to replace Natale as Rogers’ CEO.
With the resignation, Rogers lost one of his longest-serving executives at a time when he was considering a $26 billion acquisition of Shaw Communications.
John Macdonald took over as Rogers, replacing Edward, last week with the support of other members of the Rogers family.
McDonald also serves on several Rogers committees, including Audit and Risk, Corporate Governance, Human Resources and Nominations.
With files from The Canadian Press and BNN Bloomberg