AltaGas Management
Management criteria checks 2/4
AltaGas' CEO is Vern Yu, appointed in Jul 2023, has a tenure of less than a year. total yearly compensation is CA$12.85M, comprised of 4.1% salary and 95.9% bonuses, including company stock and options. directly owns 0.031% of the company’s shares, worth CA$2.75M. The average tenure of the management team and the board of directors is 7.4 years and 5.8 years respectively.
Key information
Vern Yu
Chief executive officer
CA$12.8m
Total compensation
| CEO salary percentage | 4.1% |
| CEO tenure | less than a year |
| CEO ownership | 0.03% |
| Management average tenure | 7.4yrs |
| Board average tenure | 5.8yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | CA$13m | CA$529k | CA$641m |
Compensation vs Market: Vern's total compensation ($USD9.34M) is above average for companies of similar size in the Canadian market ($USD4.33M).
Compensation vs Earnings: Insufficient data to compare Vern's compensation with company performance.
CEO
Vern Yu (56 yo)
less than a year
Tenure
CA$12,847,701
Compensation
Mr. Vernon D. Yu, also known as Vern, serves as President, Chief Executive Officer and Non-Independent Director at AltaGas Ltd. since July 01, 2023. He serves as Chairman of Board Washington Gas Light Comp...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | less than a year | CA$12.85m | 0.031% CA$ 2.7m | |
| Executive VP & CFO | 4.9yrs | CA$4.39m | 0.017% CA$ 1.6m | |
| Executive VP & Chief Administrative Officer | 7.4yrs | CA$3.37m | 0.0073% CA$ 654.6k | |
| Executive VP & President of Midstream | 11.4yrs | CA$2.89m | 0.11% CA$ 10.0m | |
| Executive VP & President of Utilities | 4.4yrs | CA$5.35m | 0.013% CA$ 1.1m | |
| Senior Vice President of Investor Relations & Corporate Development | no data | no data | no data | |
| Executive VP & Chief Legal Officer | 9yrs | CA$2.05m | 0.0054% CA$ 478.7k | |
| Senior Vice President of Organizational Development | 7.4yrs | CA$991.41k | no data | |
| Senior Vice President of Corporate Environmental Health & Safety | no data | no data | no data | |
| Corporate Secretary | no data | no data | no data |
7.4yrs
Average Tenure
51.5yo
Average Age
Experienced Management: ALA.PRG's management team is seasoned and experienced (7.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | less than a year | CA$12.85m | 0.031% CA$ 2.7m | |
| Independent Director | 19.2yrs | CA$311.93k | 0.0057% CA$ 511.7k | |
| Independent Director | 30.1yrs | CA$276.95k | 0.55% CA$ 48.7m | |
| Independent Director | 4.3yrs | CA$322.02k | 0.0022% CA$ 197.4k | |
| Independent Chairman of the Board | 5.8yrs | CA$466.93k | 0.0057% CA$ 513.5k | |
| Independent Director | 8.5yrs | CA$321.93k | 0.0077% CA$ 687.6k | |
| Independent Director | 5.8yrs | CA$292.35k | 0.0020% CA$ 181.3k | |
| Independent Director | 4.3yrs | CA$295.00k | 0% CA$ 0 | |
| Independent Director | less than a year | CA$90.86k | 0.0010% CA$ 90.2k | |
| Independent Director | 3.3yrs | CA$280.00k | no data | |
| Independent Director | 8.5yrs | CA$284.85k | 0.0026% CA$ 230.4k |
5.8yrs
Average Tenure
63yo
Average Age
Experienced Board: ALA.PRG's board of directors are considered experienced (5.8 years average tenure).