SolarBank Management

Management criteria checks 3/4

SolarBank's CEO is Richard Lu, appointed in Jan 2014, has a tenure of 10.42 years. total yearly compensation is CA$620.83K, comprised of 66.7% salary and 33.3% bonuses, including company stock and options. directly owns 2.95% of the company’s shares, worth CA$6.51M. The average tenure of the management team and the board of directors is 2.9 years and 1.6 years respectively.

Key information

Richard Lu

Chief executive officer


Total compensation

CEO salary percentage66.7%
CEO tenure10.4yrs
CEO ownership3.0%
Management average tenure2.9yrs
Board average tenure1.6yrs

Recent management updates

Recent updates

Statutory Profit Doesn't Reflect How Good SolarBank's (CSE:SUNN) Earnings Are

Nov 03
Statutory Profit Doesn't Reflect How Good SolarBank's (CSE:SUNN) Earnings Are

CEO Compensation Analysis

How has Richard Lu's remuneration changed compared to SolarBank's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2024n/an/a


Dec 31 2023n/an/a


Sep 30 2023n/an/a


Jun 30 2023CA$621kCA$414k


Mar 31 2023n/an/a


Dec 31 2022n/an/a


Sep 30 2022n/an/a


Jun 30 2022CA$570kCA$470k


Jun 30 2021CA$447kCA$447k


Compensation vs Market: Richard's total compensation ($USD452.40K) is below average for companies of similar size in the Canadian market ($USD787.08K).

Compensation vs Earnings: Richard's compensation has been consistent with company performance over the past year.


Richard Lu





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

Richard Lu
CA$ 6.5m
Sam Sun
Chief Financial Officer1.9yrsCA$139.99k0.064%
CA$ 141.8k
Andrew van Doorn
Chief Operating Officer2.9yrsCA$327.23k0.076%
CA$ 167.3k
Xiaohong Zheng
Chief Administrative Officer2.9yrsCA$308.40k0.046%
CA$ 102.3k
Olen Aasen
General Counselno dataCA$42.00k0.55%
CA$ 1.2m


Average Tenure

Experienced Management: SUNN's management team is considered experienced (2.9 years average tenure).

Board Members

Richard Lu
CA$ 6.5m
Matthew Wayrynen
Directorless than a yearno datano data
Paul Sparkes
Independent Director1.6yrsno datano data
Paul Pasalic
Independent Director1.6yrsno data0.19%
CA$ 429.3k
Chelsea Nickles
Independent Directorless than a yearno datano data


Average Tenure

Experienced Board: SUNN's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.

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