This company has been acquired
Neovasc Management
Management criteria checks 2/4
Key information
Fred Colen
Chief executive officer
US$4.0m
Total compensation
| CEO salary percentage | 10.1% |
| CEO tenure | 5.3yrs |
| CEO ownership | 0.4% |
| Management average tenure | 4.3yrs |
| Board average tenure | 16.3yrs |
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2022 | n/a | n/a | -US$41m |
| Sep 30 2022 | n/a | n/a | -US$34m |
| Jun 30 2022 | n/a | n/a | -US$33m |
| Mar 31 2022 | n/a | n/a | -US$33m |
| Dec 31 2021 | US$4m | US$406k | -US$25m |
| Sep 30 2021 | n/a | n/a | -US$23m |
| Jun 30 2021 | n/a | n/a | -US$26m |
| Mar 31 2021 | n/a | n/a | -US$27m |
| Dec 31 2020 | US$3m | US$406k | -US$29m |
| Sep 30 2020 | n/a | n/a | -US$37m |
| Jun 30 2020 | n/a | n/a | -US$33m |
| Mar 31 2020 | n/a | n/a | -US$31m |
| Dec 31 2019 | US$2m | US$402k | -US$35m |
| Sep 30 2019 | n/a | n/a | -US$11m |
| Jun 30 2019 | n/a | n/a | -US$20m |
| Mar 31 2019 | n/a | n/a | -US$61m |
| Dec 31 2018 | US$1m | US$390k | -US$108m |
Compensation vs Market: Fred's total compensation ($USD4.03M) is above average for companies of similar size in the Canadian market ($USD177.71K).
Compensation vs Earnings: Fred's compensation has increased whilst the company is unprofitable.
CEO
Fred Colen (70 yo)
5.3yrs
Tenure
US$4,026,365
Compensation
Mr. Fredericus A. Colen, also known as Fred, has been President and Chief Executive Officer at Neovasc Inc. since January 22, 2018. Mr. Colen is Director at Neovasc Inc. since June 4, 2019. He serves as In...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.3yrs | US$4.03m | 0.43% $ 473.3k | |
| CFO & Corporate Secretary | 16yrs | US$1.85m | 0.095% $ 105.2k | |
| Chief Operating Officer | 3.4yrs | US$1.98m | 0.29% $ 318.7k | |
| Chief Quality Officer | 2.9yrs | US$678.40k | 0.045% $ 49.5k | |
| Vice President of Human Resources | no data | no data | no data |
4.3yrs
Average Tenure
53yo
Average Age
Experienced Management: NVCN's management team is considered experienced (4.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.8yrs | US$4.03m | 0.43% $ 473.3k | |
| Independent Director | 22.4yrs | US$177.33k | 0.67% $ 736.9k | |
| Independent Director | 17.8yrs | US$167.33k | 1.41% $ 1.6m | |
| Independent Director | 19.8yrs | US$167.33k | 0.016% $ 18.3k | |
| Independent Chairman of the Board | 14.8yrs | US$177.33k | 0.045% $ 49.6k | |
| Independent Director | 3.6yrs | US$192.07k | 0.10% $ 110.5k |
16.3yrs
Average Tenure
60yo
Average Age
Experienced Board: NVCN's board of directors are seasoned and experienced ( 16.3 years average tenure).