SolarBank Management
Management criteria checks 3/4
SolarBank's CEO is Richard Lu, appointed in Jan 2014, has a tenure of 10.5 years. total yearly compensation is CA$620.83K, comprised of 66.7% salary and 33.3% bonuses, including company stock and options. directly owns 2.61% of the company’s shares, worth CA$6.06M. The average tenure of the management team and the board of directors is 3 years and 1.7 years respectively.
Key information
Richard Lu
Chief executive officer
CA$620.8k
Total compensation
| CEO salary percentage | 66.7% |
| CEO tenure | 10.5yrs |
| CEO ownership | 2.6% |
| Management average tenure | 3yrs |
| Board average tenure | 1.7yrs |
Recent management updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | CA$4m |
| Dec 31 2023 | n/a | n/a | CA$4m |
| Sep 30 2023 | n/a | n/a | CA$4m |
| Jun 30 2023 | CA$621k | CA$414k | CA$2m |
| Mar 31 2023 | n/a | n/a | CA$3m |
| Dec 31 2022 | n/a | n/a | -CA$98k |
| Sep 30 2022 | n/a | n/a | CA$126k |
| Jun 30 2022 | CA$570k | CA$470k | -CA$188k |
| Jun 30 2021 | CA$447k | CA$447k | -CA$132k |
Compensation vs Market: Richard's total compensation ($USD448.77K) is below average for companies of similar size in the Canadian market ($USD803.44K).
Compensation vs Earnings: Richard's compensation has been consistent with company performance over the past year.
CEO
Richard Lu
10.5yrs
Tenure
CA$620,830
Compensation
Dr. Richard Lu serves as Independent Director of Cleantech Power Corp. (formerly known as Alkaline Fuel Cell Power Corp.) since March 4, 2022. He has been Vice President of Business Development for ARISE T...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 10.5yrs | CA$620.83k | 2.61% CA$ 6.1m | |
| Chief Financial Officer | 2yrs | CA$139.99k | 0.057% CA$ 132.1k | |
| Chief Operating Officer | 3yrs | CA$327.23k | 0.067% CA$ 156.0k | |
| Chief Administrative Officer | 3yrs | CA$308.40k | 0.041% CA$ 95.4k | |
| General Counsel | no data | CA$42.00k | 0.49% CA$ 1.1m |
3.0yrs
Average Tenure
Experienced Management: SUNN's management team is considered experienced (3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 9.9yrs | CA$620.83k | 2.61% CA$ 6.1m | |
| Director | less than a year | no data | 0.41% CA$ 943.7k | |
| Independent Director | 1.7yrs | no data | no data | |
| Independent Director | 1.7yrs | no data | 0.17% CA$ 400.1k | |
| Independent Director | less than a year | no data | no data |
1.7yrs
Average Tenure
Experienced Board: SUNN's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.