Next Hydrogen Solutions Inc.

TSXV:NXH Stock Report

Market Cap: CA$13.7m

Next Hydrogen Solutions Management

Management criteria checks 2/4

Next Hydrogen Solutions' CEO is Raveel Afzaal, appointed in Oct 2020, has a tenure of 3.67 years. total yearly compensation is CA$264.62K, comprised of 85% salary and 15% bonuses, including company stock and options. directly owns 0.36% of the company’s shares, worth CA$49.12K. The average tenure of the management team and the board of directors is 1.3 years and 3.3 years respectively.

Key information

Raveel Afzaal

Chief executive officer


Total compensation

CEO salary percentage85.0%
CEO tenure3.7yrs
CEO ownership0.4%
Management average tenure1.3yrs
Board average tenure3.3yrs

Recent management updates

Recent updates

Here's Why We're Watching Next Hydrogen Solutions' (CVE:NXH) Cash Burn Situation

Jan 06
Here's Why We're Watching Next Hydrogen Solutions' (CVE:NXH) Cash Burn Situation

CEO Compensation Analysis

How has Raveel Afzaal's remuneration changed compared to Next Hydrogen Solutions's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2024n/an/a


Dec 31 2023CA$265kCA$225k


Sep 30 2023n/an/a


Jun 30 2023n/an/a


Mar 31 2023n/an/a


Dec 31 2022CA$247kCA$215k


Sep 30 2022n/an/a


Jun 30 2022n/an/a


Mar 31 2022n/an/a


Dec 31 2021CA$736kCA$175k


Sep 30 2021n/an/a


Jun 30 2021n/an/a


Mar 31 2021n/an/a


Dec 31 2020CA$209kCA$95k


Compensation vs Market: Raveel's total compensation ($USD193.19K) is about average for companies of similar size in the Canadian market ($USD175.22K).

Compensation vs Earnings: Raveel's compensation has increased whilst the company is unprofitable.


Raveel Afzaal (40 yo)





Mr. Raveel Afzaal, B.Math, B.Econ, CFA, has been the President of Next Hydrogen Solutions Inc. (formerly, BioHEP Technologies Ltd. & Next Hydrogen Corporation) since October 01, 2020 and serves as its Dire...

Leadership Team

Raveel Afzaal
CA$ 49.1k
Matthew Fairlie
Executive Vice Chairman6.1yrsCA$118.37k0.41%
CA$ 56.4k
Rohan Advani
Chief Financial Officer1.5yrsCA$267.59kno data
Michael Stemp
Chief Technology Officer16.5yrsCA$281.99k1.52%
CA$ 208.4k
Jim Hinatsu
Chief Product Officer1.1yrsCA$277.96k1.2%
CA$ 164.2k
Jim Franchville
Chief Operating Officer1.1yrsno datano data
Robert Campbell
Chief Commercial Officerless than a yearno datano data


Average Tenure


Average Age

Experienced Management: NXH's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.

Board Members

Raveel Afzaal
CA$ 49.1k
Matthew Fairlie
Executive Vice Chairman6.1yrsCA$118.37k0.41%
CA$ 56.4k
Walter Howard
CA$ 144.5k
Allan MacKenzie
Independent Chairman of the Board6.1yrsCA$50.00k1.38%
CA$ 189.5k
Anthony Guglielmin
Independent Director3yrsCA$50.00k0.044%
CA$ 6.0k
Jens Clausen
Independent Director3.3yrsCA$50.00kno data
Vasuki Uthayakumar
Independent Director3yrsCA$50.00kno data


Average Tenure


Average Age

Experienced Board: NXH's board of directors are considered experienced (3.3 years average tenure).

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