Cenovus Energy Inc.

TSX:CVE.PRA Stock Report

Market Cap: CA$41.4b

Cenovus Energy Management

Management criteria checks 2/4

Cenovus Energy's CEO is Jon McKenzie, appointed in Apr 2023, has a tenure of 1.58 years. total yearly compensation is CA$8.67M, comprised of 11.4% salary and 88.6% bonuses, including company stock and options. directly owns 0.051% of the company’s shares, worth CA$21.21M. The average tenure of the management team and the board of directors is 1.6 years and 4.2 years respectively.

Key information

Jon McKenzie

Chief executive officer

CA$8.7m

Total compensation

CEO salary percentage11.4%
CEO tenure1.6yrs
CEO ownership0.05%
Management average tenure1.6yrs
Board average tenure4.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jon McKenzie's remuneration changed compared to Cenovus Energy's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

CA$4b

Jun 30 2024n/an/a

CA$5b

Mar 31 2024n/an/a

CA$5b

Dec 31 2023CA$9mCA$989k

CA$4b

Sep 30 2023n/an/a

CA$4b

Jun 30 2023n/an/a

CA$4b

Mar 31 2023n/an/a

CA$5b

Dec 31 2022CA$5mCA$750k

CA$6b

Sep 30 2022n/an/a

CA$5b

Jun 30 2022n/an/a

CA$4b

Mar 31 2022n/an/a

CA$2b

Dec 31 2021CA$6mCA$700k

CA$553m

Sep 30 2021n/an/a

CA$816m

Jun 30 2021n/an/a

CA$80m

Mar 31 2021n/an/a

-CA$371m

Dec 31 2020CA$4mCA$588k

-CA$2b

Sep 30 2020n/an/a

-CA$2b

Jun 30 2020n/an/a

-CA$2b

Mar 31 2020n/an/a

CA$287m

Dec 31 2019CA$4mCA$625k

CA$2b

Sep 30 2019n/an/a

CA$731m

Jun 30 2019n/an/a

CA$302m

Mar 31 2019n/an/a

-CA$2b

Dec 31 2018CA$5mCA$461k

-CA$3b

Compensation vs Market: Jon's total compensation ($USD6.20M) is about average for companies of similar size in the Canadian market ($USD7.95M).

Compensation vs Earnings: Jon's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Jon McKenzie (56 yo)

1.6yrs

Tenure

CA$8,671,098

Compensation

Mr. Jonathan M. McKenzie, also known as Jon, CA, is Vice-Chair of Canadian Association of Petroleum Producers from November 2023. He serves as President, CEO & Non-Independent Director at Cenovus Energy In...

Leadership Team

NamePositionTenureCompensationOwnership
Alexander Pourbaix
Executive Chair7yrsCA$8.11m0.079%
CA$ 32.5m
Jonathan McKenzie
President1.6yrsCA$8.67m0.051%
CA$ 21.2m
Kam Sandhar
Executive VP of Strategy & CFO1.2yrsCA$2.78m0.0076%
CA$ 3.1m
Keith Chiasson
Executive VP & COO1.2yrsCA$3.21m0.0087%
CA$ 3.6m
Norrie Ramsay
Executive VP of Upstream - Thermal & Atlantic Offshore4.9yrsCA$2.68m0.0029%
CA$ 1.2m
Jason Abbate
Senior Vice President of Investor Relationsno datano datano data
Gary Molnar
Senior VP of Legal3.8yrsno data0.0030%
CA$ 1.2m
Jeffery Lawson
Senior VP of Corporate Development & Acting Chief Sustainability Officerless than a yearno data0.0080%
CA$ 3.3m
Susan Anderson
Senior Vice-President of People Services2.7yrsno data0.00062%
CA$ 256.4k
Rhona Delfrari
Chief Sustainability Officer & Exe VP of Stakeholder Engagement (Leave of Absence))less than a yearno data0.0022%
CA$ 905.6k
P. Dahlin
Executive Vice-President3.8yrsno data0.0015%
CA$ 632.7k
Doreen Cole
Executive Vice-President of Downstreamno datano data0.00094%
CA$ 388.7k

1.6yrs

Average Tenure

56yo

Average Age

Experienced Management: CVE.PRA's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Alexander Pourbaix
Executive Chair7yrsCA$8.11m0.079%
CA$ 32.5m
Jonathan McKenzie
President1.6yrsCA$8.67m0.051%
CA$ 21.2m
Claude Mongeau
Lead Independent Director7.9yrsCA$303.09k0.019%
CA$ 7.9m
Eva Kwok
Independent Director3.8yrsCA$256.21kno data
Frank Sixt
Independent Director3.8yrsCA$253.00k0.0032%
CA$ 1.3m
Rhonda Zygocki
Independent Director8.6yrsCA$278.00kno data
James Girgulis
Directorless than a yearCA$169.58k0.00065%
CA$ 268.8k
Richard Marcogliese
Independent Director8.6yrsCA$274.50kno data
Keith Casey
Independent Director4.6yrsCA$267.50kno data
Michael Crothers
Independent Directorless than a yearCA$168.23k0.00019%
CA$ 78.6k
Melanie Little
Independent Director1.8yrsCA$266.00k0.00016%
CA$ 66.2k
Jane Kinney
Independent Director5.6yrsCA$281.13kno data

4.2yrs

Average Tenure

64yo

Average Age

Experienced Board: CVE.PRA's board of directors are considered experienced (4.2 years average tenure).