Obsidian Energy Management
Management criteria checks 3/4
Obsidian Energy's CEO is Steve Loukas, appointed in Dec 2019, has a tenure of 4.33 years. total yearly compensation is CA$3.30M, comprised of 15.9% salary and 84.1% bonuses, including company stock and options. directly owns 1.15% of the company’s shares, worth CA$10.88M. The average tenure of the management team and the board of directors is 4.3 years and 6.3 years respectively.
Key information
Steve Loukas
Chief executive officer
CA$3.3m
Total compensation
| CEO salary percentage | 15.9% |
| CEO tenure | 4.3yrs |
| CEO ownership | 1.2% |
| Management average tenure | 4.3yrs |
| Board average tenure | 6.3yrs |
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | CA$3m | CA$525k | CA$108m |
| Sep 30 2023 | n/a | n/a | CA$705m |
| Jun 30 2023 | n/a | n/a | CA$721m |
| Mar 31 2023 | n/a | n/a | CA$817m |
| Dec 31 2022 | CA$4m | CA$650k | CA$810m |
| Sep 30 2022 | n/a | n/a | CA$200m |
| Jun 30 2022 | n/a | n/a | CA$206m |
| Mar 31 2022 | n/a | n/a | CA$415m |
| Dec 31 2021 | CA$2m | CA$645k | CA$414m |
| Sep 30 2021 | n/a | n/a | CA$393m |
| Jun 30 2021 | n/a | n/a | CA$343m |
| Mar 31 2021 | n/a | n/a | -CA$900k |
| Dec 31 2020 | CA$2m | CA$580k | -CA$772m |
| Sep 30 2020 | n/a | n/a | -CA$1b |
| Jun 30 2020 | n/a | n/a | -CA$1b |
| Mar 31 2020 | n/a | n/a | -CA$1b |
| Dec 31 2019 | CA$791k | CA$45k | -CA$788m |
| Sep 30 2019 | n/a | n/a | -CA$357m |
| Jun 30 2019 | n/a | n/a | -CA$360m |
| Mar 31 2019 | n/a | n/a | -CA$294m |
| Dec 31 2018 | CA$47k | n/a | -CA$305m |
Compensation vs Market: Steve's total compensation ($USD2.41M) is above average for companies of similar size in the Canadian market ($USD1.77M).
Compensation vs Earnings: Steve's compensation has been consistent with company performance over the past year.
CEO
Steve Loukas (45 yo)
4.3yrs
Tenure
CA$3,295,888
Compensation
Mr. Stephen Elias Loukas, also known as Steve, serves as Chief Executive Officer and President of Obsidian Energy Ltd. since February 22, 2023 and serves as its Director since May 11, 2018. He serves as a...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 4.3yrs | CA$3.30m | 1.15% CA$ 10.9m | |
| Senior VP & CFO | 4.3yrs | CA$1.42m | 0.14% CA$ 1.3m | |
| Vice President of Operations | 2.3yrs | CA$1.22m | 0.13% CA$ 1.2m | |
| VP of Legal | no data | CA$1.15m | 0.081% CA$ 764.6k | |
| Senior Vice President of Commercial & Development | 4.4yrs | CA$1.42m | no data |
4.3yrs
Average Tenure
Experienced Management: OBE's management team is considered experienced (4.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.9yrs | CA$3.30m | 1.15% CA$ 10.9m | |
| Independent Director | 6.3yrs | CA$145.00k | 0.27% CA$ 2.6m | |
| Independent Chairman of the Board | 6.3yrs | CA$193.50k | 0.14% CA$ 1.3m | |
| Independent Director | 5.9yrs | CA$156.63k | 0.075% CA$ 713.5k | |
| Independent Director | 9.8yrs | CA$159.63k | 0.58% CA$ 5.4m | |
| Independent Director | 9.1yrs | CA$163.75k | 0.0061% CA$ 58.0k | |
| Independent Director | 1.9yrs | CA$143.50k | 0.013% CA$ 123.2k |
6.3yrs
Average Tenure
62yo
Average Age
Experienced Board: OBE's board of directors are considered experienced (6.3 years average tenure).