Great-West Lifeco Management
Management criteria checks 4/4
Great-West Lifeco's CEO is Paul Mahon, appointed in May 2013, has a tenure of 10.92 years. total yearly compensation is CA$11.10M, comprised of 11.4% salary and 88.6% bonuses, including company stock and options. directly owns 0.027% of the company’s shares, worth CA$10.31M. The average tenure of the management team and the board of directors is 2.3 years and 11.3 years respectively.
Key information
Paul Mahon
Chief executive officer
CA$11.1m
Total compensation
| CEO salary percentage | 11.4% |
| CEO tenure | 10.9yrs |
| CEO ownership | 0.03% |
| Management average tenure | 2.3yrs |
| Board average tenure | 11.3yrs |
Recent management updates
Recent updates
Investors Aren't Entirely Convinced By Great-West Lifeco Inc.'s (TSE:GWO) Earnings
Mar 30
Great-West Lifeco (TSE:GWO) Has Announced That It Will Be Increasing Its Dividend To CA$0.555
Feb 21Great-West Lifeco Inc. (TSE:GWO) Not Lagging Market On Growth Or Pricing
Dec 29Great-West Lifeco's (TSE:GWO) Upcoming Dividend Will Be Larger Than Last Year's
Feb 13Great-West Lifeco's (TSE:GWO) Dividend Will Be CA$0.49
Nov 16Should You Be Adding Great-West Lifeco (TSE:GWO) To Your Watchlist Today?
Apr 01Here's Why I Think Great-West Lifeco (TSE:GWO) Is An Interesting Stock
Dec 17Great-West Lifeco (TSE:GWO) Has Re-Affirmed Its Dividend Of CA$0.44
Aug 08Here's Why I Think Great-West Lifeco (TSE:GWO) Is An Interesting Stock
Jul 19CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | CA$11m | CA$1m | CA$3b |
| Sep 30 2023 | n/a | n/a | CA$2b |
| Jun 30 2023 | n/a | n/a | CA$2b |
| Mar 31 2023 | n/a | n/a | CA$2b |
| Dec 31 2022 | CA$10m | CA$1m | CA$4b |
| Sep 30 2022 | n/a | n/a | CA$4b |
| Jun 30 2022 | n/a | n/a | CA$4b |
| Mar 31 2022 | n/a | n/a | CA$4b |
| Dec 31 2021 | CA$9m | CA$1m | CA$3b |
| Sep 30 2021 | n/a | n/a | CA$3b |
| Jun 30 2021 | n/a | n/a | CA$3b |
| Mar 31 2021 | n/a | n/a | CA$3b |
| Dec 31 2020 | CA$8m | CA$1m | CA$3b |
| Sep 30 2020 | n/a | n/a | CA$3b |
| Jun 30 2020 | n/a | n/a | CA$2b |
| Mar 31 2020 | n/a | n/a | CA$2b |
| Dec 31 2019 | CA$8m | CA$1m | CA$2b |
| Sep 30 2019 | n/a | n/a | CA$3b |
| Jun 30 2019 | n/a | n/a | CA$3b |
| Mar 31 2019 | n/a | n/a | CA$3b |
| Dec 31 2018 | CA$7m | CA$1m | CA$3b |
| Sep 30 2018 | n/a | n/a | CA$3b |
| Jun 30 2018 | n/a | n/a | CA$3b |
| Mar 31 2018 | n/a | n/a | CA$2b |
| Dec 31 2017 | CA$8m | CA$1m | CA$2b |
Compensation vs Market: Paul's total compensation ($USD8.10M) is about average for companies of similar size in the Canadian market ($USD8.25M).
Compensation vs Earnings: Paul's compensation has been consistent with company performance over the past year.
CEO
Paul Mahon (59 yo)
10.9yrs
Tenure
CA$11,101,889
Compensation
Mr. Paul Anthony Mahon has been the Chief Executive Officer and President of London Life Insurance Company, Canada Life Financial Corporation, Great-West Lifeco Inc. and Canada Life Limited since May 3, 20...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 10.9yrs | CA$11.10m | 0.027% CA$ 10.3m | |
| Executive VP & Global Chief Investment Officer | 6.7yrs | CA$4.55m | 0.0011% CA$ 413.2k | |
| Executive Officer | less than a year | CA$3.35m | 0.00055% CA$ 206.6k | |
| President & CEO of Empower | 9.6yrs | CA$10.74m | no data | |
| Executive VP & Chief Financial Officer | less than a year | no data | 0.000010% CA$ 3.8k | |
| Senior Vice-President of Corporate Finance & Treasury | no data | no data | no data | |
| Executive VP & Chief Information Officer | less than a year | no data | no data | |
| Executive VP & General Counsel | 6.3yrs | CA$3.51m | 0% CA$ 0 | |
| Senior VP & Chief Compliance Officer | less than a year | no data | no data | |
| Senior VP and Global Chief Communications & Sustainability Officer | 2.3yrs | no data | no data | |
| Executive VP & Chief HR Officer | 9.4yrs | no data | no data | |
| Senior VP & Chief Internal Auditor | 1.3yrs | no data | no data |
2.3yrs
Average Tenure
59yo
Average Age
Experienced Management: GWO's management team is considered experienced (2.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 10.7yrs | CA$11.10m | 0.027% CA$ 10.3m | |
| President & CEO of Putnam Investments LLC and Chair of Great West Lifeco U.S. LLC | 5.1yrs | no data | no data | |
| Independent Director | 16.9yrs | CA$426.88k | 0.0011% CA$ 402.0k | |
| Director | 32yrs | CA$418.13k | 0.038% CA$ 14.1m | |
| Independent Director | 9.9yrs | CA$641.04k | 0.0027% CA$ 1.0m | |
| Independent Director | 14.9yrs | CA$593.92k | no data | |
| Director | 37.9yrs | CA$308.51k | 0.011% CA$ 4.0m | |
| Director | 11.9yrs | CA$472.50k | no data | |
| Chairman of the Board | 21.8yrs | CA$538.13k | 0.0021% CA$ 803.9k | |
| Independent Director | 9.9yrs | CA$563.61k | no data | |
| Director | 8.9yrs | CA$447.50k | 0.00013% CA$ 48.8k | |
| Independent Director | 5.9yrs | CA$621.69k | no data |
11.3yrs
Average Tenure
66.5yo
Average Age
Experienced Board: GWO's board of directors are seasoned and experienced ( 11.3 years average tenure).