Western Exploration Management
Management criteria checks 3/4
Western Exploration's CEO is Darcy Marud, appointed in Dec 2021, has a tenure of 2.92 years. total yearly compensation is $150.00K, comprised of 100% salary and 0% bonuses, including company stock and options. directly owns 0.5% of the company’s shares, worth CA$222.02K. The average tenure of the management team and the board of directors is 2.9 years and 2.9 years respectively.
Key information
Darcy Marud
Chief executive officer
US$150.0k
Total compensation
| CEO salary percentage | 100.0% |
| CEO tenure | 2.9yrs |
| CEO ownership | 0.5% |
| Management average tenure | 2.9yrs |
| Board average tenure | 2.9yrs |
Recent management updates
Recent updates
Here's Why We're Watching Western Exploration's (CVE:WEX) Cash Burn Situation
Nov 07
Is Western Exploration (CVE:WEX) In A Good Position To Invest In Growth?
May 22Will Western Exploration (CVE:WEX) Spend Its Cash Wisely?
Aug 20We Think Western Exploration (CVE:WEX) Can Afford To Drive Business Growth
Nov 02CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | -US$5m |
| Jun 30 2024 | n/a | n/a | -US$4m |
| Mar 31 2024 | n/a | n/a | -US$4m |
| Dec 31 2023 | US$150k | US$150k | -US$5m |
| Sep 30 2023 | n/a | n/a | -US$4m |
| Jun 30 2023 | n/a | n/a | -US$4m |
| Mar 31 2023 | n/a | n/a | -US$6m |
| Dec 31 2022 | US$150k | US$150k | -US$5m |
| Sep 30 2022 | n/a | n/a | -US$5m |
| Jun 30 2022 | n/a | n/a | -US$3m |
| Mar 31 2022 | n/a | n/a | -US$2m |
| Dec 31 2021 | n/a | n/a | -US$2m |
| Sep 30 2021 | n/a | n/a | -US$3m |
| Jun 30 2021 | n/a | n/a | -US$6m |
| Mar 31 2021 | n/a | n/a | -US$7m |
| Dec 31 2020 | US$150k | US$150k | -US$7m |
| Dec 31 2019 | US$150k | US$150k | -US$2m |
Compensation vs Market: Darcy's total compensation ($USD150.00K) is about average for companies of similar size in the Canadian market ($USD167.77K).
Compensation vs Earnings: Darcy's compensation has been consistent with company performance over the past year.
CEO
Darcy Marud (60 yo)
2.9yrs
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.9yrs | US$150.00k | 0.50% CA$ 222.0k | |
| Chief Financial Officer | 2.9yrs | US$60.00k | 0.024% CA$ 10.8k | |
| Director of Investor Relations | 1.8yrs | no data | no data | |
| Corporate Secretary | 2.9yrs | no data | no data |
2.9yrs
Average Tenure
50yo
Average Age
Experienced Management: WEX's management team is considered experienced (2.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.9yrs | US$150.00k | 0.50% CA$ 222.0k | |
| Independent Chairman of the Board | 2.9yrs | no data | 45.4% CA$ 20.2m | |
| Independent Lead Director | 2.9yrs | no data | no data | |
| Independent Director | 2.9yrs | no data | 0.14% CA$ 60.3k | |
| Independent Director | 2.9yrs | no data | no data | |
| Independent Director | 2.9yrs | no data | 0.24% CA$ 105.1k |
2.9yrs
Average Tenure
67yo
Average Age
Experienced Board: WEX's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.