SolarBank Management
Management criteria checks 2/4
SolarBank's CEO is Richard Lu, appointed in Aug 2014, has a tenure of 10.25 years. total yearly compensation is CA$414.00K, comprised of 100% salary and 0% bonuses, including company stock and options. directly owns 2.61% of the company’s shares, worth CA$3.22M. The average tenure of the management team and the board of directors is 2.3 years and 2 years respectively.
Key information
Richard Lu
Chief executive officer
CA$414.0k
Total compensation
| CEO salary percentage | 100.0% |
| CEO tenure | 10.3yrs |
| CEO ownership | 2.6% |
| Management average tenure | 2.3yrs |
| Board average tenure | 2yrs |
Recent management updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | -CA$5m |
| Jun 30 2024 | CA$414k | CA$414k | -CA$3m |
| 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$971k | 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$132k |
Compensation vs Market: Richard's total compensation ($USD294.31K) is above average for companies of similar size in the Canadian market ($USD167.77K).
Compensation vs Earnings: Richard's compensation has been consistent with company performance over the past year.
CEO
Richard Lu
10.3yrs
Tenure
CA$414,000
Compensation
Dr. Richard Lu, MD, MSc., MHSc., MBA serves as Independent Director of Cleantech Power Corp. (formerly known as Alkaline Fuel Cell Power Corp.) since March 4, 2022. He has served as Corporate Secretary of...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 10.3yrs | CA$414.00k | 2.61% CA$ 3.2m | |
| Chief Financial Officer | 2.3yrs | CA$120.00k | 0.057% CA$ 70.2k | |
| Chief Operating Officer | 3.3yrs | CA$460.00k | 0.067% CA$ 82.8k | |
| General Counsel | no data | CA$20.25k | 0.49% CA$ 601.5k | |
| Chief Development Officer | less than a year | CA$188.40k | 0.041% CA$ 50.6k | |
| Executive Chair | less than a year | no data | 0.43% CA$ 533.7k |
2.3yrs
Average Tenure
53yo
Average Age
Experienced Management: SUNN's management team is considered experienced (2.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 10.3yrs | CA$414.00k | 2.61% CA$ 3.2m | |
| Executive Chair | less than a year | no data | 0.43% CA$ 533.7k | |
| Independent Director | 2yrs | CA$23.63k | no data | |
| Independent Director | 2yrs | CA$23.73k | 0.17% CA$ 212.5k | |
| Independent Director | less than a year | CA$23.73k | no data |
2.0yrs
Average Tenure
Experienced Board: SUNN's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.