Western Exploration Inc.

TSXV:WEX Stock Report

Market Cap: CA$50.8m

Western Exploration Management

Management criteria checks 3/4

Western Exploration's CEO is Darcy Marud, appointed in Dec 2021, has a tenure of 2.33 years. total yearly compensation is $150.00K, comprised of 100% salary and 0% bonuses, including company stock and options. directly owns 0.48% of the company’s shares, worth CA$245.39K. The average tenure of the management team and the board of directors is 2.3 years and 2.3 years respectively.

Key information

Darcy Marud

Chief executive officer

US$150.0k

Total compensation

CEO salary percentage100.0%
CEO tenure2.3yrs
CEO ownership0.5%
Management average tenure2.3yrs
Board average tenure2.3yrs

Recent management updates

Recent updates

Will Western Exploration (CVE:WEX) Spend Its Cash Wisely?

Aug 20
Will Western Exploration (CVE:WEX) Spend Its Cash Wisely?

We Think Western Exploration (CVE:WEX) Can Afford To Drive Business Growth

Nov 02
We Think Western Exploration (CVE:WEX) Can Afford To Drive Business Growth

CEO Compensation Analysis

How has Darcy Marud's remuneration changed compared to Western Exploration's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2023n/an/a

-US$5m

Sep 30 2023n/an/a

-US$4m

Jun 30 2023n/an/a

-US$4m

Mar 31 2023n/an/a

-US$6m

Dec 31 2022US$150kUS$150k

-US$5m

Sep 30 2022n/an/a

-US$5m

Jun 30 2022n/an/a

-US$3m

Mar 31 2022n/an/a

-US$2m

Dec 31 2021n/an/a

-US$2m

Sep 30 2021n/an/a

-US$3m

Jun 30 2021n/an/a

-US$6m

Mar 31 2021n/an/a

-US$7m

Dec 31 2020US$150kUS$150k

-US$7m

Dec 31 2019US$150kUS$150k

-US$2m

Compensation vs Market: Darcy's total compensation ($USD150.00K) is about average for companies of similar size in the Canadian market ($USD174.90K).

Compensation vs Earnings: Darcy's compensation has been consistent with company performance over the past year.


CEO

Darcy Marud (60 yo)

2.3yrs

Tenure

US$150,000

Compensation

Mr. Darcy Edward Marud, P.Geo., serves as an Independent Director at Astra Exploration Inc. (Formerly, Momentous Capital Corp.) since January 18, 2022. He has been an Independent Director at Almadex Minera...


Leadership Team

NamePositionTenureCompensationOwnership
Darcy Marud
President2.3yrsUS$150.00k0.48%
$ 245.4k
Curtis Turner
Chief Financial Officer2.3yrsUS$60.00k0.025%
$ 12.8k
Nichole Cowles
Director of Investor Relations1.2yrsno datano data
Jacob Fainzilberg
Corporate Secretary2.3yrsno datano data

2.3yrs

Average Tenure

49yo

Average Age

Experienced Management: WEX's management team is considered experienced (2.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Darcy Marud
President2.3yrsUS$150.00k0.48%
$ 245.4k
Marceau Schlumberger
Independent Chairman of the Board2.3yrsno data1.5%
$ 763.2k
Brian Kennedy
Independent Lead Director2.3yrsno datano data
Gerard Munera
Independent Director2.3yrsno data0.14%
$ 71.3k
John Rogers
Independent Director2.3yrsno datano data
Nicolas Schlumberger
Independent Director2.3yrsno data0.24%
$ 124.4k

2.3yrs

Average Tenure

66.5yo

Average Age

Experienced Board: WEX's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


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