Baytex Energy Management
Management criteria checks 2/4
Baytex Energy's CEO is Eric Greager, appointed in Nov 2022, has a tenure of 1.42 years. total yearly compensation is CA$3.55M, comprised of 16.2% salary and 83.8% bonuses, including company stock and options. directly owns 0.14% of the company’s shares, worth CA$5.75M. The average tenure of the management team and the board of directors is 1.4 years and 3.8 years respectively.
Key information
Eric Greager
Chief executive officer
CA$3.5m
Total compensation
| CEO salary percentage | 16.2% |
| CEO tenure | 1.4yrs |
| CEO ownership | 0.1% |
| Management average tenure | 1.4yrs |
| Board average tenure | 3.8yrs |
Recent management updates
Recent updates
Market Might Still Lack Some Conviction On Baytex Energy Corp. (TSE:BTE) Even After 25% Share Price Boost
Apr 11
Baytex Energy Corp. (TSE:BTE) Looks Inexpensive But Perhaps Not Attractive Enough
Dec 28Is Baytex Energy (TSE:BTE) A Risky Investment?
Nov 29Baytex Energy Corp.'s (TSE:BTE) Intrinsic Value Is Potentially 63% Above Its Share Price
Nov 08We Think Baytex Energy (TSE:BTE) Is Taking Some Risk With Its Debt
Aug 31Baytex Energy (TSE:BTE) Takes On Some Risk With Its Use Of Debt
Apr 08New Forecasts: Here's What Analysts Think The Future Holds For Baytex Energy Corp. (TSE:BTE)
Mar 03Are Baytex Energy Corp. (TSE:BTE) Investors Paying Above The Intrinsic Value?
Dec 27Here's Why Baytex Energy (TSE:BTE) Can Manage Its Debt Responsibly
Dec 06Is There An Opportunity With Baytex Energy Corp.'s (TSE:BTE) 48% Undervaluation?
Aug 15Here's Why Baytex Energy (TSE:BTE) Has Caught The Eye Of Investors
Jun 22Is Baytex Energy (TSE:BTE) A Risky Investment?
May 26CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | CA$4m | CA$575k | -CA$233m |
| Sep 30 2023 | n/a | n/a | CA$745m |
| Jun 30 2023 | n/a | n/a | CA$883m |
| Mar 31 2023 | n/a | n/a | CA$850m |
| Dec 31 2022 | CA$3m | CA$90k | CA$856m |
Compensation vs Market: Eric's total compensation ($USD2.57M) is about average for companies of similar size in the Canadian market ($USD3.45M).
Compensation vs Earnings: Eric's compensation has increased whilst the company is unprofitable.
CEO
Eric Greager (53 yo)
1.4yrs
Tenure
CA$3,548,328
Compensation
Mr. Eric Thomas Greager served as an Independent Director of Amplify Energy Corp. since April 2022. He serves as President, CEO & Director at Baytex Energy Corp. since November 4, 2022. He served as Presid...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.4yrs | CA$3.55m | 0.14% CA$ 5.7m | |
| Executive VP & CFO | 1.4yrs | CA$1.58m | 0.041% CA$ 1.7m | |
| Chief Operating Officer | 2.8yrs | CA$1.75m | 0.063% CA$ 2.6m | |
| Senior VP of Capital Markets & Investor Relations | 10.1yrs | CA$1.12m | 0.044% CA$ 1.8m | |
| Senior VP & GM of Canadian Heavy Oil Operations | less than a year | CA$401.46 | 0.062% CA$ 2.6m | |
| Chief Legal Officer & Corporate Secretary | 5.7yrs | CA$787.79k | 0.0098% CA$ 406.5k | |
| Senior VP & GM of U.S. Eagle Ford Oil Operations | less than a year | no data | 0.065% CA$ 2.7m | |
| VP of Finance & Treasurer | less than a year | no data | 0.0027% CA$ 112.6k |
1.4yrs
Average Tenure
44.5yo
Average Age
Experienced Management: BTE's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.4yrs | CA$3.55m | 0.14% CA$ 5.7m | |
| Independent Director | 4.1yrs | CA$206.00k | 0.010% CA$ 425.1k | |
| Independent Director | 7.8yrs | CA$205.00k | 0.020% CA$ 827.5k | |
| Independent Director | 5.7yrs | CA$190.00k | 0.032% CA$ 1.3m | |
| Independent Director | less than a year | CA$165.00k | 0.019% CA$ 788.2k | |
| Independent Director | 3.4yrs | CA$200.00k | 0.0095% CA$ 391.2k | |
| Independent Director | 1.2yrs | CA$184.80k | 0.0058% CA$ 241.7k | |
| Independent Director | less than a year | CA$166.50k | 0.011% CA$ 435.5k | |
| Independent Director | 4.6yrs | CA$211.00k | 0.021% CA$ 872.2k | |
| Independent Chairman of the Board | 6.4yrs | CA$309.13k | 0.066% CA$ 2.7m |
3.8yrs
Average Tenure
60.5yo
Average Age
Experienced Board: BTE's board of directors are considered experienced (3.8 years average tenure).