Toromont Industries Management
Management criteria checks 4/4
Toromont Industries' CEO is Mike McMillan, appointed in Oct 2023, has a tenure of less than a year. total yearly compensation is CA$2.12M, comprised of 24.9% salary and 75.1% bonuses, including company stock and options. directly owns 0.006% of the company’s shares, worth CA$620.82K. The average tenure of the management team and the board of directors is 4.3 years and 4.9 years respectively.
Key information
Mike McMillan
Chief executive officer
CA$2.1m
Total compensation
| CEO salary percentage | 24.9% |
| CEO tenure | less than a year |
| CEO ownership | 0.006% |
| Management average tenure | 4.3yrs |
| Board average tenure | 4.9yrs |
Recent management updates
Recent updates
Are Toromont Industries Ltd. (TSE:TIH) Investors Paying Above The Intrinsic Value?
Apr 14
What Toromont Industries Ltd.'s (TSE:TIH) P/E Is Not Telling You
Mar 31These 4 Measures Indicate That Toromont Industries (TSE:TIH) Is Using Debt Reasonably Well
Mar 01Toromont Industries (TSE:TIH) Is Increasing Its Dividend To CA$0.48
Feb 17Earnings Update: Here's Why Analysts Just Lifted Their Toromont Industries Ltd. (TSE:TIH) Price Target To CA$135
Feb 16Toromont Industries (TSE:TIH) Could Become A Multi-Bagger
Jan 08Getting In Cheap On Toromont Industries Ltd. (TSE:TIH) Is Unlikely
Dec 27Toromont Industries Ltd. (TSE:TIH) Shares Could Be 23% Above Their Intrinsic Value Estimate
Nov 29Toromont Industries (TSE:TIH) Seems To Use Debt Quite Sensibly
Nov 13Toromont Industries (TSE:TIH) Is Investing Its Capital With Increasing Efficiency
Sep 27Does Toromont Industries (TSE:TIH) Deserve A Spot On Your Watchlist?
Sep 08Is Toromont Industries Ltd. (TSE:TIH) Worth CA$110 Based On Its Intrinsic Value?
Aug 19Toromont Industries (TSE:TIH) Seems To Use Debt Quite Sensibly
Aug 04Toromont Industries (TSE:TIH) Is Achieving High Returns On Its Capital
Jun 29Do Toromont Industries' (TSE:TIH) Earnings Warrant Your Attention?
Jun 10Toromont Industries (TSE:TIH) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
May 04Does Toromont Industries (TSE:TIH) Have A Healthy Balance Sheet?
Apr 18Returns on Capital Paint A Bright Future For Toromont Industries (TSE:TIH)
Mar 22Toromont Industries (TSE:TIH) Is Increasing Its Dividend To CA$0.43
Feb 19We Ran A Stock Scan For Earnings Growth And Toromont Industries (TSE:TIH) Passed With Ease
Jan 21Toromont Industries (TSE:TIH) Seems To Use Debt Rather Sparingly
Jan 09A Look At The Intrinsic Value Of Toromont Industries Ltd. (TSE:TIH)
Dec 15Slowing Rates Of Return At Toromont Industries (TSE:TIH) Leave Little Room For Excitement
Dec 02Does Toromont Industries (TSE:TIH) Deserve A Spot On Your Watchlist?
Oct 18These 4 Measures Indicate That Toromont Industries (TSE:TIH) Is Using Debt Safely
Oct 04Is Toromont Industries Ltd. (TSE:TIH) Trading At A 22% Discount?
Sep 05Do Toromont Industries' (TSE:TIH) Earnings Warrant Your Attention?
Jul 14Does Toromont Industries (TSE:TIH) Have A Healthy Balance Sheet?
Jun 30Calculating The Fair Value Of Toromont Industries Ltd. (TSE:TIH)
May 05Here's Why I Think Toromont Industries (TSE:TIH) Might Deserve Your Attention Today
Apr 07Toromont Industries (TSE:TIH) Will Pay A Larger Dividend Than Last Year At CA$0.39
Mar 01CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | CA$2m | CA$529k | CA$529m |
| Sep 30 2023 | n/a | n/a | CA$537m |
| Jun 30 2023 | n/a | n/a | CA$512m |
| Mar 31 2023 | n/a | n/a | CA$490m |
| Dec 31 2022 | CA$2m | CA$463k | CA$450m |
| Sep 30 2022 | n/a | n/a | CA$397m |
| Jun 30 2022 | n/a | n/a | CA$371m |
| Mar 31 2022 | n/a | n/a | CA$345m |
| Dec 31 2021 | CA$2m | CA$435k | CA$333m |
| Sep 30 2021 | n/a | n/a | CA$316m |
| Jun 30 2021 | n/a | n/a | CA$300m |
| Mar 31 2021 | n/a | n/a | CA$265m |
| Dec 31 2020 | CA$1m | CA$329k | CA$255m |
Compensation vs Market: Mike's total compensation ($USD1.55M) is below average for companies of similar size in the Canadian market ($USD4.42M).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
CEO
Mike McMillan
less than a year
Tenure
CA$2,119,686
Compensation
Mr. Michael Stanley Howie McMillan, also known as Mike, served as an Executive Vice President and Chief Financial Officer at Toromont Industries Ltd. since March 1, 2020 until October 15, 2023 and serves a...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | less than a year | CA$2.12m | 0.0058% CA$ 620.8k | |
| Executive VP & CFO | less than a year | CA$655.43k | no data | |
| Chief Information Officer & VP | 20.3yrs | CA$1.56m | 0.043% CA$ 4.6m | |
| President of Toromont Cat Construction Division | no data | CA$1.29m | 0.027% CA$ 2.9m | |
| Chief Operating Officer - Toromont Cat | no data | CA$1.38m | 0.0052% CA$ 559.7k | |
| General Counsel & Corporate Secretary | 6.3yrs | no data | 0.0092% CA$ 983.2k | |
| Vice President of Human Resources | 1.9yrs | no data | no data | |
| President of Toromont Cat Mining Division | 3.3yrs | CA$1.10m | 0.0091% CA$ 976.8k | |
| President of CIMCO Refrigeration | 9.3yrs | CA$862.45k | 0.0057% CA$ 612.2k | |
| President of Battlefield Equipment Rentals | 5.3yrs | no data | no data |
4.3yrs
Average Tenure
Experienced Management: TIH's management team is considered experienced (4.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | less than a year | CA$2.12m | 0.0058% CA$ 620.8k | |
| Independent Vice Chair | 13.3yrs | CA$241.18k | 0.027% CA$ 2.9m | |
| Independent Director | 4.9yrs | CA$218.18k | 0.0012% CA$ 130.8k | |
| Independent Chair of the Board | 5.4yrs | CA$392.36k | 0.0037% CA$ 391.4k | |
| Independent Director | 10.8yrs | CA$206.18k | 0.0012% CA$ 128.7k | |
| Independent Director | 3.2yrs | CA$209.18k | 0.0014% CA$ 150.1k | |
| Independent Director | 2yrs | CA$209.18k | 0.0015% CA$ 156.5k | |
| Independent Director | 10.8yrs | CA$224.18k | 0.0069% CA$ 743.1k | |
| Independent Director | 4.9yrs | CA$209.18k | no data |
4.9yrs
Average Tenure
64yo
Average Age
Experienced Board: TIH's board of directors are considered experienced (4.9 years average tenure).