Cenovus Energy Management
Management criteria checks 3/4
Cenovus Energy's CEO is Jon McKenzie, appointed in Apr 2023, has a tenure of less than a year. total yearly compensation is CA$5.13M, comprised of 14.6% salary and 85.4% bonuses, including company stock and options. directly owns 0.039% of the company’s shares, worth CA$19.85M. The average tenure of the management team and the board of directors is 0.9 years and 4.4 years respectively.
Key information
Jon McKenzie
Chief executive officer
CA$5.1m
Total compensation
CEO salary percentage | 14.6% |
CEO tenure | less than a year |
CEO ownership | 0.04% |
Management average tenure | less than a year |
Board average tenure | 4.4yrs |
Recent management updates
Recent updates
Is Cenovus Energy Inc. (TSE:CVE) Trading At A 50% Discount?
Mar 05Take Care Before Diving Into The Deep End On Cenovus Energy Inc. (TSE:CVE)
Jan 26Here's Why Cenovus Energy (TSE:CVE) Can Manage Its Debt Responsibly
Jan 05Are Investors Undervaluing Cenovus Energy Inc. (TSE:CVE) By 35%?
Nov 06These 4 Measures Indicate That Cenovus Energy (TSE:CVE) Is Using Debt Reasonably Well
Sep 30Here's Why Cenovus Energy (TSE:CVE) Has Caught The Eye Of Investors
May 01A Look At The Intrinsic Value Of Cenovus Energy Inc. (TSE:CVE)
Mar 16Cenovus Energy (TSE:CVE) Seems To Use Debt Rather Sparingly
Feb 13Cenovus Energy (TSE:CVE) Has A Pretty Healthy Balance Sheet
Oct 11Does Cenovus Energy (TSE:CVE) Deserve A Spot On Your Watchlist?
Aug 19Analysts' Revenue Estimates For Cenovus Energy Inc. (TSE:CVE) Are Surging Higher
Apr 18CEO Compensation Analysis
Date | Total Compensation | Salary | Company Earnings |
---|---|---|---|
Dec 31 2023 | n/a | n/a | CA$4b |
Sep 30 2023 | n/a | n/a | CA$4b |
Jun 30 2023 | n/a | n/a | CA$4b |
Mar 31 2023 | n/a | n/a | CA$5b |
Dec 31 2022 | CA$5m | CA$750k | CA$6b |
Sep 30 2022 | n/a | n/a | CA$5b |
Jun 30 2022 | n/a | n/a | CA$4b |
Mar 31 2022 | n/a | n/a | CA$2b |
Dec 31 2021 | CA$6m | CA$700k | CA$553m |
Sep 30 2021 | n/a | n/a | CA$816m |
Jun 30 2021 | n/a | n/a | CA$80m |
Mar 31 2021 | n/a | n/a | -CA$371m |
Dec 31 2020 | CA$4m | CA$588k | -CA$2b |
Sep 30 2020 | n/a | n/a | -CA$2b |
Jun 30 2020 | n/a | n/a | -CA$2b |
Mar 31 2020 | n/a | n/a | CA$287m |
Dec 31 2019 | CA$4m | CA$625k | CA$2b |
Sep 30 2019 | n/a | n/a | CA$731m |
Jun 30 2019 | n/a | n/a | CA$302m |
Mar 31 2019 | n/a | n/a | -CA$2b |
Dec 31 2018 | CA$5m | CA$461k | -CA$3b |
Compensation vs Market: Jon's total compensation ($USD3.79M) is below average for companies of similar size in the Canadian market ($USD8.27M).
Compensation vs Earnings: Jon's compensation has been consistent with company performance over the past year.
CEO
Jon McKenzie (55 yo)
less than a year
Tenure
CA$5,132,872
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
Name | Position | Tenure | Compensation | Ownership |
---|---|---|---|---|
Executive Chair | 6.3yrs | CA$12.84m | 0.069% CA$ 34.8m | |
President | less than a year | CA$5.13m | 0.039% CA$ 19.8m | |
Executive VP & COO | less than a year | CA$2.94m | 0.0072% CA$ 3.6m | |
Executive VP & Chief Commercial Officer | no data | CA$2.95m | 0.0067% CA$ 3.4m | |
Executive Vice-President of Corporate & Operations Services | less than a year | CA$2.73m | 0.0027% CA$ 1.4m | |
Executive VP of Strategy & CFO | less than a year | no data | 0.0061% CA$ 3.1m | |
Senior Vice President of Investor Relations | no data | no data | no data | |
Senior VP of Legal | 3.2yrs | no data | 0.0029% CA$ 1.5m | |
Senior VP of Corporate Development | less than a year | no data | no data | |
Senior Vice-President of People Services | 2yrs | no data | 0.00061% CA$ 306.6k | |
Chief Sustainability Officer & Executive VP of Stakeholder Engagement | 3.2yrs | no data | 0.0021% CA$ 1.1m | |
Executive Vice President of Upstream – Thermal | 4.3yrs | no data | 0.0029% CA$ 1.5m |
0.9yrs
Average Tenure
55yo
Average Age
Experienced Management: CVE's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.
Board Members
Name | Position | Tenure | Compensation | Ownership |
---|---|---|---|---|
Executive Chair | 6.3yrs | CA$12.84m | 0.069% CA$ 34.8m | |
President | less than a year | CA$5.13m | 0.039% CA$ 19.8m | |
Independent Director | 5.9yrs | CA$270.00k | 0.0078% CA$ 3.9m | |
Lead Independent Director | 7.3yrs | CA$281.50k | no data | |
Independent Director | 3.2yrs | CA$261.50k | 0.00075% CA$ 376.9k | |
Independent Director | 3.2yrs | CA$253.00k | 0.0030% CA$ 1.5m | |
Independent Director | 7.9yrs | CA$276.50k | no data | |
Independent Director | 3.2yrs | CA$261.50k | no data | |
Independent Director | 7.9yrs | CA$273.00k | 0.0035% CA$ 1.7m | |
Independent Director | 3.9yrs | CA$263.00k | no data | |
Independent Director | 1.2yrs | no data | 0.000050% CA$ 25.1k | |
Independent Director | 4.9yrs | CA$266.00k | no data |
4.4yrs
Average Tenure
64.5yo
Average Age
Experienced Board: CVE's board of directors are considered experienced (4.4 years average tenure).