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$21.01M. 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 percentage | 11.4% |
| CEO tenure | 1.6yrs |
| CEO ownership | 0.05% |
| Management average tenure | 1.6yrs |
| Board average tenure | 4.2yrs |
Recent management updates
Recent updates
Investors Continue Waiting On Sidelines For Cenovus Energy Inc. (TSE:CVE)
Oct 21
Is Now The Time To Put Cenovus Energy (TSE:CVE) On Your Watchlist?
Oct 05Is Cenovus Energy (TSE:CVE) A Risky Investment?
Aug 19Cenovus Energy Inc. (TSE:CVE) Shares Could Be 46% Below Their Intrinsic Value Estimate
Jul 20Market Cool On Cenovus Energy Inc.'s (TSE:CVE) Earnings
Jul 04Is Cenovus Energy (TSE:CVE) Using Too Much Debt?
Apr 14Is 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 13CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | CA$4b |
| Jun 30 2024 | n/a | n/a | CA$5b |
| Mar 31 2024 | n/a | n/a | CA$5b |
| Dec 31 2023 | CA$9m | CA$989k | 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$3b |
Compensation vs Market: Jon's total compensation ($USD6.20M) is about average for companies of similar size in the Canadian market ($USD7.94M).
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chair | 7yrs | CA$8.11m | 0.079% CA$ 32.2m | |
| President | 1.6yrs | CA$8.67m | 0.051% CA$ 21.0m | |
| Executive VP of Strategy & CFO | 1.2yrs | CA$2.78m | 0.0076% CA$ 3.1m | |
| Executive VP & COO | 1.2yrs | CA$3.21m | 0.0087% CA$ 3.6m | |
| Executive VP of Upstream - Thermal & Atlantic Offshore | 4.9yrs | CA$2.68m | 0.0029% CA$ 1.2m | |
| Senior Vice President of Investor Relations | no data | no data | no data | |
| Senior VP of Legal | 3.8yrs | no data | 0.0030% CA$ 1.2m | |
| Senior VP of Corporate Development & Acting Chief Sustainability Officer | less than a year | no data | 0.0080% CA$ 3.3m | |
| Senior Vice-President of People Services | 2.7yrs | no data | 0.00062% CA$ 253.9k | |
| Chief Sustainability Officer & Exe VP of Stakeholder Engagement (Leave of Absence)) | less than a year | no data | 0.0022% CA$ 896.8k | |
| Executive Vice-President | 3.8yrs | no data | 0.0015% CA$ 626.5k | |
| Executive Vice-President of Downstream | no data | no data | 0.00094% CA$ 384.9k |
1.6yrs
Average Tenure
56yo
Average Age
Experienced Management: CVE's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chair | 7yrs | CA$8.11m | 0.079% CA$ 32.2m | |
| President | 1.6yrs | CA$8.67m | 0.051% CA$ 21.0m | |
| Lead Independent Director | 7.9yrs | CA$303.09k | 0.019% CA$ 7.8m | |
| Independent Director | 3.8yrs | CA$256.21k | no data | |
| Independent Director | 3.8yrs | CA$253.00k | 0.0032% CA$ 1.3m | |
| Independent Director | 8.6yrs | CA$278.00k | no data | |
| Director | less than a year | CA$169.58k | 0.00065% CA$ 266.2k | |
| Independent Director | 8.6yrs | CA$274.50k | no data | |
| Independent Director | 4.6yrs | CA$267.50k | no data | |
| Independent Director | less than a year | CA$168.23k | 0.00019% CA$ 77.8k | |
| Independent Director | 1.8yrs | CA$266.00k | 0.00016% CA$ 65.5k | |
| Independent Director | 5.6yrs | CA$281.13k | no data |
4.2yrs
Average Tenure
64yo
Average Age
Experienced Board: CVE's board of directors are considered experienced (4.2 years average tenure).