Lucero Energy Management
Management criteria checks 3/4
Lucero Energy's CEO is Brett Herman, appointed in Jan 2022, has a tenure of 2.25 years. total yearly compensation is CA$2.42M, comprised of 20.1% salary and 79.9% bonuses, including company stock and options. directly owns 2.04% of the company’s shares, worth CA$8.45M. The average tenure of the management team and the board of directors is 2.3 years and 8.5 years respectively.
Key information
Brett Herman
Chief executive officer
CA$2.4m
Total compensation
| CEO salary percentage | 20.1% |
| CEO tenure | 2.3yrs |
| CEO ownership | 2.0% |
| Management average tenure | 2.3yrs |
| Board average tenure | 8.5yrs |
Recent management updates
Recent updates
Little Excitement Around Lucero Energy Corp.'s (CVE:LOU) Earnings
Feb 09
Lucero Energy (CVE:LOU) Has A Pretty Healthy Balance Sheet
Dec 19Lucero Energy (CVE:LOU) Seems To Use Debt Quite Sensibly
Aug 09Is PetroShale (CVE:PSH) Weighed On By Its Debt Load?
Oct 10PetroShale (CVE:PSH) Has No Shortage Of Debt
Mar 12PetroShale (CVE:PSH) Has No Shortage Of Debt
Nov 27
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | CA$2m | CA$488k | CA$59m |
| Sep 30 2023 | n/a | n/a | CA$61m |
| Jun 30 2023 | n/a | n/a | CA$78m |
| Mar 31 2023 | n/a | n/a | CA$93m |
| Dec 31 2022 | CA$7m | CA$441k | CA$81m |
| Sep 30 2022 | n/a | n/a | CA$87m |
| Jun 30 2022 | n/a | n/a | CA$72m |
| Mar 31 2022 | n/a | n/a | CA$49m |
| Dec 31 2021 | n/a | n/a | -CA$828k |
| Sep 30 2021 | n/a | n/a | -CA$38m |
| Jun 30 2021 | n/a | n/a | -CA$62m |
| Mar 31 2021 | n/a | n/a | -CA$89m |
| Dec 31 2020 | n/a | n/a | -CA$62m |
| Sep 30 2020 | n/a | n/a | -CA$40m |
| Jun 30 2020 | n/a | n/a | -CA$26m |
| Mar 31 2020 | n/a | n/a | -CA$943k |
| Dec 31 2019 | n/a | n/a | CA$15m |
| Sep 30 2019 | n/a | n/a | CA$14m |
| Jun 30 2019 | n/a | n/a | CA$19m |
| Mar 31 2019 | n/a | n/a | CA$24m |
| Dec 31 2018 | n/a | n/a | CA$27m |
| Sep 30 2018 | n/a | n/a | CA$18m |
| Jun 30 2018 | n/a | n/a | CA$6m |
| Mar 31 2018 | n/a | n/a | -CA$832k |
| Dec 31 2017 | CA$108k | n/a | -CA$3m |
Compensation vs Market: Brett's total compensation ($USD1.77M) is above average for companies of similar size in the Canadian market ($USD1.29M).
Compensation vs Earnings: Brett's compensation has been consistent with company performance over the past year.
CEO
Brett Herman (55 yo)
2.3yrs
Tenure
CA$2,424,005
Compensation
Mr. Brett Herman, CA, has been the President and Chief Executive Officer at Lucero Energy Corp. (formerly known as PetroShale Inc.) since January 13, 2022. Mr. Herman served as the President and Chief Exec...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.3yrs | CA$2.42m | 2.04% CA$ 8.5m | |
| VP of Finance & CFO | 2.3yrs | CA$876.70k | 0.36% CA$ 1.5m | |
| Chief Operating Officer | 2.3yrs | CA$1.06m | 0.40% CA$ 1.7m | |
| Vice President of Engineering | 2.3yrs | CA$876.70k | 0.36% CA$ 1.5m | |
| Vice President of Business Development | 2.2yrs | CA$940.97k | 0.078% CA$ 322.8k | |
| Chief Accounting Officer | no data | no data | no data |
2.3yrs
Average Tenure
Experienced Management: LOU's management team is considered experienced (2.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 12.1yrs | CA$2.42m | 2.04% CA$ 8.5m | |
| Independent Director | 3.9yrs | no data | no data | |
| Independent Chairman | 11.7yrs | CA$108.46k | 18.58% CA$ 76.9m | |
| Independent Director | 2.3yrs | CA$110.96k | 0.62% CA$ 2.6m | |
| Director | 12.1yrs | CA$103.46k | 0.54% CA$ 2.2m | |
| Independent Director | 5.3yrs | CA$110.96k | 0.24% CA$ 1.0m |
8.5yrs
Average Tenure
58yo
Average Age
Experienced Board: LOU's board of directors are considered experienced (8.5 years average tenure).