MEG Energy Management
How experienced are the management team and are they aligned to shareholders interests?
2.2yrs
Average management tenure
CEO
Derek Evans (65 yo)
4.42yrs
Tenure
CA$4,402,975
Compensation
Mr. Derek W. Evans, B.Sc, has been the President and Chief Executive Officer at MEG Energy Corporation since August 10, 2018. Mr. Evans has been an Independent Director of Franco-Nevada Corporation since A...
CEO Compensation Analysis
| Date | Total Comp. | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2022 | n/a | n/a | CA$921m |
| Jun 30 2022 | n/a | n/a | CA$819m |
| Mar 31 2022 | n/a | n/a | CA$662m |
| Dec 31 2021 | CA$4m | CA$600k | CA$283m |
| Sep 30 2021 | n/a | n/a | CA$121m |
| Jun 30 2021 | n/a | n/a | CA$58m |
| Mar 31 2021 | n/a | n/a | -CA$90m |
| Dec 31 2020 | CA$4m | CA$525k | -CA$357m |
| Sep 30 2020 | n/a | n/a | -CA$348m |
| Jun 30 2020 | n/a | n/a | -CA$315m |
| Mar 31 2020 | n/a | n/a | -CA$298m |
| Dec 31 2019 | CA$4m | CA$600k | -CA$62m |
| Sep 30 2019 | n/a | n/a | -CA$286m |
| Jun 30 2019 | n/a | n/a | -CA$192m |
| Mar 31 2019 | n/a | n/a | -CA$308m |
| Dec 31 2018 | CA$3m | CA$234k | -CA$119m |
Compensation vs Market: Derek's total compensation ($USD3.31M) is about average for companies of similar size in the Canadian market ($USD3.51M).
Compensation vs Earnings: Derek's compensation has increased by more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 4.42yrs | CA$4.40m | 0.23% CA$ 14.0m | |
| Chief Operating Officer | 1.33yrs | CA$2.48m | 0.0044% CA$ 268.3k | |
| Senior VP of Legal | 3yrs | CA$1.49m | 0.023% CA$ 1.4m | |
| Chief Financial Officer | 0.42yr | no data | no data | |
| Director of Investor Relations | no data | no data | no data | |
| Vice President Human Resources | no data | no data | 0.021% CA$ 1.3m |
2.2yrs
Average Tenure
Experienced Management: MEG's management team is considered experienced (2.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 4.42yrs | CA$4.40m | 0.23% CA$ 14.0m | |
| Independent Director | 12.33yrs | CA$227.00k | 0.0060% CA$ 361.7k | |
| Independent Director | 12.58yrs | CA$225.00k | 0.0014% CA$ 83.2k | |
| Independent Director | 8.83yrs | CA$214.00k | 0.23% CA$ 14.1m | |
| Independent Chairman | 3.58yrs | CA$315.00k | 0.046% CA$ 2.8m | |
| Independent Director | 2.58yrs | CA$214.00k | 0.014% CA$ 827.7k | |
| Independent Director | 7.25yrs | CA$222.00k | 0.013% CA$ 789.1k | |
| Independent Director | 0.50yr | no data | no data | |
| Independent Director | 0.67yr | no data | 0.0070% CA$ 424.4k |
4.4yrs
Average Tenure
68yo
Average Age
Experienced Board: MEG's board of directors are considered experienced (4.4 years average tenure).