RCI.B:CC - Rogers sisters to retire from board in settlement of family feud

2024-01-17 10:36:42 ET

Rogers Communications ( NYSE: RCI ) announced on Wednesday that Melinda Rogers-Hixon and Martha Rogers have decided to retire from the board as part of a private settlement between members of the Rogers family.

Back in 2021, the telecom giant was involved in a family feud that weighed on the stock and raised doubts over the firm's proposed C$26B takeover of Shaw Communications.

Rogers-Hixon, who joined the Rogers board in 2002, and Martha Rogers, who joined in 2008, had then voted to remove their brother and company chairman Edward Rogers as he attempted to replace the then-CEO Joe Natale with his confidant and current CEO Tony Staffieri.

In a joint statement, the sisters said: "With our family differences now settled, we both believe this is the appropriate time to retire from the Rogers Communications board."

Rogers-Hixon became deputy chair in 2018, after spending 15 years in management at Rogers Communications ( RCI ). Martha Rogers was serving as chair of the ESG committee since 2021.

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