Laurentian Bank of Canada Management
Management criteria checks 2/4
Laurentian Bank of Canada's CEO is Eric Provost, appointed in Oct 2023, has a tenure of less than a year. total yearly compensation is CA$2.64M, comprised of 15.2% salary and 84.8% bonuses, including company stock and options. directly owns 0.009% of the company’s shares, worth CA$108.78K. The average tenure of the management team and the board of directors is 0.5 years and 3.5 years respectively.
Key information
Eric Provost
Chief executive officer
CA$2.6m
Total compensation
| CEO salary percentage | 15.2% |
| CEO tenure | less than a year |
| CEO ownership | 0.009% |
| Management average tenure | less than a year |
| Board average tenure | 3.5yrs |
Recent management updates
Recent updates
Laurentian Bank of Canada (TSE:LB) Is Paying Out A Dividend Of CA$0.47
Mar 07
Laurentian Bank of Canada's (TSE:LB) Dividend Will Be Increased To CA$0.47
Jun 06Here's Why Laurentian Bank of Canada (TSE:LB) Has Caught The Eye Of Investors
Jun 02Laurentian Bank of Canada (TSE:LB) Is Paying Out A Larger Dividend Than Last Year
Dec 13Laurentian Bank of Canada's (TSE:LB) Dividend Will Be Increased To CA$0.45
Jun 08Laurentian Bank of Canada's (TSE:LB) Shareholders Will Receive A Bigger Dividend Than Last Year
Dec 16Laurentian Bank of Canada (TSE:LB) Has Announced A Dividend Of CA$0.40
Sep 20Laurentian Bank of Canada (TSE:LB) Has Re-Affirmed Its Dividend Of CA$0.40
Sep 06Laurentian Bank of Canada (TSE:LB) Has Affirmed Its Dividend Of CA$0.40
Jun 06What Type Of Returns Would Laurentian Bank of Canada's(TSE:LB) Shareholders Have Earned If They Purchased Their SharesThree Years Ago?
Feb 17It Might Not Be A Great Idea To Buy Laurentian Bank of Canada (TSE:LB) For Its Next Dividend
Dec 26CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jan 31 2024 | n/a | n/a | CA$155m |
| Oct 31 2023 | CA$3m | CA$400k | CA$169m |
| Jul 31 2023 | n/a | n/a | CA$194m |
| Apr 30 2023 | n/a | n/a | CA$201m |
| Jan 31 2023 | n/a | n/a | CA$211m |
| Oct 31 2022 | CA$2m | CA$346k | CA$215m |
| Jul 31 2022 | n/a | n/a | CA$56m |
| Apr 30 2022 | n/a | n/a | CA$62m |
| Jan 31 2022 | n/a | n/a | CA$54m |
| Oct 31 2021 | CA$1m | CA$315k | CA$45m |
| Jul 31 2021 | n/a | n/a | CA$183m |
| Apr 30 2021 | n/a | n/a | CA$159m |
| Jan 31 2021 | n/a | n/a | CA$114m |
| Oct 31 2020 | CA$845k | CA$284k | CA$102m |
Compensation vs Market: Eric's total compensation ($USD1.93M) is about average for companies of similar size in the Canadian market ($USD1.82M).
Compensation vs Earnings: Eric's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Eric Provost (48 yo)
less than a year
Tenure
CA$2,638,006
Compensation
Mr. Eric Provost had been Group Head of Personal and Commercial Banking at Laurentian Bank of Canada since September 2023 and is President and Chief Executive Officer from October 01, 2023 and is its Direc...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | less than a year | CA$2.64m | 0.0095% CA$ 108.8k | |
| Executive VP & CFO | 3yrs | CA$2.01m | 0.0045% CA$ 51.2k | |
| Executive VP & COO | less than a year | CA$1.40m | 0.0039% CA$ 45.2k | |
| Executive VP & Chief Risk Officer | 5.8yrs | CA$1.38m | 0.0026% CA$ 30.0k | |
| Chief Information Officer | less than a year | no data | no data | |
| Vice President of Investor Relations | no data | no data | no data | |
| Executive VP | 2.2yrs | no data | 0.00085% CA$ 9.7k | |
| Senior Manager of Media Relations | no data | no data | no data | |
| Chief Human Resources Officer | less than a year | no data | 0.00076% CA$ 8.7k | |
| Senior Vice President of Digital Banking | 3.2yrs | no data | 0.00034% CA$ 3.9k | |
| Executive Vice President of Commercial Banking | less than a year | no data | 0.00087% CA$ 10.0k | |
| Senior VP and Head of Personal Banking & Small-Medium Enterprises (SME) | less than a year | no data | 0.00043% CA$ 4.9k |
0.5yrs
Average Tenure
Experienced Management: LB's management team is not considered experienced ( 0.5 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | less than a year | CA$2.64m | 0.0095% CA$ 108.8k | |
| Independent Chair of the Board | 10.7yrs | CA$210.00k | 0.0032% CA$ 37.3k | |
| Independent Director | 7.7yrs | CA$180.00k | 0.015% CA$ 175.8k | |
| Independent Director | 4.7yrs | CA$180.00k | 0.025% CA$ 284.2k | |
| Independent Director | 4.7yrs | CA$155.00k | 0.0094% CA$ 107.4k | |
| Independent Director | 3.9yrs | CA$155.00k | 0.011% CA$ 131.0k | |
| Independent Director | less than a year | no data | no data | |
| Independent Director | 3yrs | CA$155.00k | 0.0023% CA$ 26.3k | |
| Independent Director | less than a year | no data | no data | |
| Independent Director | 12.1yrs | CA$155.00k | 0.019% CA$ 212.5k | |
| Independent Director | less than a year | no data | no data | |
| Independent Director | less than a year | CA$111.99k | no data |
3.5yrs
Average Tenure
64yo
Average Age
Experienced Board: LB's board of directors are considered experienced (3.5 years average tenure).