i3 Energy Management
Management criteria checks 4/4
i3 Energy's CEO is Majid Shafiq, appointed in Oct 2018, has a tenure of 5.75 years. total yearly compensation is £667.00K, comprised of 75% salary and 25% bonuses, including company stock and options. directly owns 0.84% of the company’s shares, worth CA$1.73M. The average tenure of the management team and the board of directors is 4.1 years and 5.9 years respectively.
Key information
Majid Shafiq
Chief executive officer
UK£667.0k
Total compensation
| CEO salary percentage | 75.0% |
| CEO tenure | 5.8yrs |
| CEO ownership | 0.8% |
| Management average tenure | 4.1yrs |
| Board average tenure | 5.9yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | -UK£1m |
| Dec 31 2023 | UK£667k | UK£500k | UK£15m |
| Sep 30 2023 | n/a | n/a | UK£27m |
| Jun 30 2023 | n/a | n/a | UK£38m |
| Mar 31 2023 | n/a | n/a | UK£45m |
| Dec 31 2022 | UK£5m | UK£487k | UK£42m |
| Sep 30 2022 | n/a | n/a | UK£44m |
| Jun 30 2022 | n/a | n/a | UK£47m |
| Mar 31 2022 | n/a | n/a | UK£36m |
| Dec 31 2021 | UK£1m | UK£384k | UK£25m |
| Sep 30 2021 | n/a | n/a | UK£18m |
| Jun 30 2021 | n/a | n/a | UK£11m |
| Mar 31 2021 | n/a | n/a | UK£12m |
| Dec 31 2020 | UK£702k | UK£313k | UK£12m |
| Sep 30 2020 | n/a | n/a | -UK£691k |
| Jun 30 2020 | n/a | n/a | -UK£13m |
| Mar 31 2020 | n/a | n/a | -UK£12m |
| Dec 31 2019 | UK£590k | UK£271k | -UK£11m |
| Sep 30 2019 | n/a | n/a | -UK£8m |
| Jun 30 2019 | n/a | n/a | -UK£6m |
| Mar 31 2019 | n/a | n/a | -UK£4m |
| Dec 31 2018 | UK£278k | UK£58k | -UK£2m |
| Sep 30 2018 | n/a | n/a | -UK£2m |
| Jun 30 2018 | n/a | n/a | -UK£1m |
| Mar 31 2018 | n/a | n/a | -UK£2m |
| Dec 31 2017 | UK£62k | n/a | -UK£3m |
Compensation vs Market: Majid's total compensation ($USD851.19K) is about average for companies of similar size in the Canadian market ($USD780.59K).
Compensation vs Earnings: Majid's compensation has been consistent with company performance over the past year.
CEO
Majid Shafiq (60 yo)
5.8yrs
Tenure
UK£667,000
Compensation
Mr. Majid Shafiq has been Chief Executive Officer at i3 Energy Plc since October 8, 2018. Mr. Majid Shafiq serves Chief Executive Officer of Àrgentil Capital Partners since 2015. Mr. Shafiq has significant...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 5.8yrs | UK£667.00k | 0.84% £ 1.7m | |
| President of i3 Canada Limited & Executive Director | no data | UK£403.00k | 0.71% £ 1.5m | |
| Chief Financial Officer | 1.3yrs | no data | 0.017% £ 34.4k | |
| Vice President of Exploration | 2.5yrs | no data | no data | |
| Chief Operating Officer of i3 Energy North Sea Limited | 5.8yrs | no data | no data | |
| Chief Operating Officer of i3 Energy Canada Ltd | no data | no data | no data | |
| Vice President of Corporate Development - i3 Energy Canada Ltd | no data | no data | no data |
4.1yrs
Average Tenure
Experienced Management: ITE's management team is considered experienced (4.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 7yrs | UK£667.00k | 0.84% £ 1.7m | |
| President of i3 Canada Limited & Executive Director | 1.6yrs | UK£403.00k | 0.71% £ 1.5m | |
| Independent Non-Executive Chairman | 3.6yrs | UK£120.00k | 0.26% £ 528.4k | |
| Independent Non-Executive Director | 7.3yrs | UK£75.00k | 0.64% £ 1.3m | |
| Independent Non-Executive Director | 7yrs | UK£75.00k | 0.13% £ 264.8k | |
| Independent Non-Executive Director | 4.8yrs | UK£75.00k | 0.11% £ 224.5k |
5.9yrs
Average Tenure
63yo
Average Age
Experienced Board: ITE's board of directors are considered experienced (5.9 years average tenure).