Great-West Lifeco Management
Management criteria checks 3/4
Great-West Lifeco's CEO is David Harney, appointed in Jul 2025, has a tenure of less than a year. total yearly compensation is CA$4.14M, comprised of 19.7% salary and 80.3% bonuses, including company stock and options. directly owns 0% of the company’s shares, worth CA$118.50K. The average tenure of the management team and the board of directors is 1.8 years and 11.9 years respectively.
Key information
David Harney
Chief executive officer
CA$4.1m
Total compensation
| CEO salary percentage | 19.67% |
| CEO tenure | less than a year |
| CEO ownership | 0.0002% |
| Management average tenure | 1.8yrs |
| Board average tenure | 11.9yrs |
Recent management updates
Recent updates
With EPS Growth And More, Great-West Lifeco (TSE:GWO) Makes An Interesting Case
Jul 25
Investors Don't See Light At End Of Great-West Lifeco Inc.'s (TSE:GWO) Tunnel
Jun 19Great-West Lifeco Inc.'s (TSE:GWO) CEO Compensation Looks Acceptable To Us And Here's Why
May 01Insufficient Growth At Great-West Lifeco Inc. (TSE:GWO) Hampers Share Price
Feb 02
Calculated Acquisitions And Digital Growth Propel US Expansion And Revenue Potential
Strategic acquisitions and partnerships drive revenue growth and operational efficiencies in U.S. and Canadian segments, bolstering base earnings.CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2025 | n/a | n/a | CA$4b |
| Jun 30 2025 | n/a | n/a | CA$4b |
| Mar 31 2025 | n/a | n/a | CA$4b |
| Dec 31 2024 | CA$4m | CA$815k | CA$4b |
| Sep 30 2024 | n/a | n/a | CA$4b |
| Jun 30 2024 | n/a | n/a | CA$4b |
| Mar 31 2024 | n/a | n/a | CA$3b |
| Dec 31 2023 | CA$3m | CA$774k | CA$3b |
| Sep 30 2023 | n/a | n/a | CA$3b |
| Jun 30 2023 | n/a | n/a | CA$3b |
| Mar 31 2023 | n/a | n/a | CA$3b |
| Dec 31 2022 | CA$3m | CA$705k | CA$4b |
Compensation vs Market: David's total compensation ($USD2.97M) is below average for companies of similar size in the Canadian market ($USD7.29M).
Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.
CEO
David Harney (56 yo)
Mr. David M. Harney is CEO, President and Director of Great-West Lifeco Inc. from July 1, 2025. Mr. Harney serves as President and Chief Operating Officer of Europe at The Canada Life Assurance Company and...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | less than a year | CA$4.14m | 0.00020% CA$ 118.5k | |
| EVP & CFO | 1.8yrs | CA$4.40m | 0.000060% CA$ 35.5k | |
| Senior Advisor & Director | no data | CA$12.70m | 0.032% CA$ 19.2m | |
| Executive VP & Chief Risk Officer | 2.8yrs | CA$5.61m | no data | |
| President & CEO of Empower | 11.2yrs | CA$14.96m | 0.00054% CA$ 319.9k | |
| Executive VP & Chief Investment Officer | less than a year | no data | no data | |
| Senior Vice President of Corporate Finance & Treasury | no data | no data | no data | |
| Executive VP & Chief Information Officer | 1.8yrs | no data | 0.000060% CA$ 35.5k | |
| SVP & Head of Investor Relations | 1.4yrs | no data | no data | |
| Executive VP & General Counsel | 7.8yrs | CA$3.51m | 0.00010% CA$ 59.2k | |
| Senior VP & Chief Compliance Officer | 1.8yrs | no data | no data | |
| Senior VP & Chief Marketing and Communications Officer | 3.8yrs | no data | no data |
Experienced Management: GWO's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | less than a year | CA$4.14m | 0.00020% CA$ 118.5k | |
| Senior Advisor & Director | 12.3yrs | CA$12.70m | 0.032% CA$ 19.2m | |
| President & CEO of Putnam Investments LLC and Chair of Great West Lifeco U.S. LLC | 6.7yrs | no data | no data | |
| Independent Director | 18.5yrs | CA$487.50k | 0.0011% CA$ 645.8k | |
| Director | 33.6yrs | CA$487.50k | 0.038% CA$ 22.7m | |
| Independent Director | 11.5yrs | CA$420.13k | 0.0027% CA$ 1.6m | |
| Independent Director | 16.5yrs | CA$727.86k | no data | |
| Director | 39.5yrs | CA$255.00k | 0.011% CA$ 6.5m | |
| Chairman of the Board | 23.3yrs | CA$602.50k | 0.0022% CA$ 1.3m | |
| Director | 10.5yrs | CA$510.00k | 0.00013% CA$ 77.0k | |
| Director | 1.5yrs | CA$329.81k | no data | |
| Independent Director | 7.5yrs | CA$698.70k | no data |
Experienced Board: GWO's board of directors are seasoned and experienced ( 11.9 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/11/30 02:01 |
| End of Day Share Price | 2025/11/28 00:00 |
| Earnings | 2025/09/30 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Great-West Lifeco Inc. is covered by 19 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| John Aiken | Barclays |
| Taylor Scott | Barclays |
| Tom MacKinnon | BMO Capital Markets Equity Research |