Fortis Management
Management criteria checks 3/4
Fortis' CEO is Dave Hutchens, appointed in Jan 2021, has a tenure of 3.42 years. total yearly compensation is CA$14.40M, comprised of 11.7% salary and 88.3% bonuses, including company stock and options. directly owns 0.026% of the company’s shares, worth CA$6.97M. The average tenure of the management team and the board of directors is 3.4 years and 6.6 years respectively.
Key information
Dave Hutchens
Chief executive officer
CA$14.4m
Total compensation
| CEO salary percentage | 11.7% |
| CEO tenure | 3.4yrs |
| CEO ownership | 0.03% |
| Management average tenure | 3.4yrs |
| Board average tenure | 6.6yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | CA$2b |
| Dec 31 2023 | CA$14m | CA$2m | CA$2b |
| Sep 30 2023 | n/a | n/a | CA$1b |
| Jun 30 2023 | n/a | n/a | CA$1b |
| Mar 31 2023 | n/a | n/a | CA$1b |
| Dec 31 2022 | CA$12m | CA$2m | CA$1b |
| Sep 30 2022 | n/a | n/a | CA$1b |
| Jun 30 2022 | n/a | n/a | CA$1b |
| Mar 31 2022 | n/a | n/a | CA$1b |
| Dec 31 2021 | CA$9m | CA$1m | CA$1b |
| Sep 30 2021 | n/a | n/a | CA$1b |
| Jun 30 2021 | n/a | n/a | CA$1b |
| Mar 31 2021 | n/a | n/a | CA$1b |
| Dec 31 2020 | CA$7m | CA$1m | CA$1b |
| Sep 30 2020 | n/a | n/a | CA$1b |
| Jun 30 2020 | n/a | n/a | CA$1b |
| Mar 31 2020 | n/a | n/a | CA$2b |
| Dec 31 2019 | CA$5m | CA$1m | CA$2b |
| Sep 30 2019 | n/a | n/a | CA$2b |
| Jun 30 2019 | n/a | n/a | CA$2b |
| Mar 31 2019 | n/a | n/a | CA$1b |
| Dec 31 2018 | CA$7m | CA$907k | CA$1b |
| Sep 30 2018 | n/a | n/a | CA$973m |
| Jun 30 2018 | n/a | n/a | CA$975m |
| Mar 31 2018 | n/a | n/a | CA$992m |
| Dec 31 2017 | CA$5m | CA$857k | CA$963m |
Compensation vs Market: Dave's total compensation ($USD10.57M) is about average for companies of similar size in the Canadian market ($USD8.42M).
Compensation vs Earnings: Dave's compensation has increased by more than 20% in the past year.
CEO
Dave Hutchens (57 yo)
3.4yrs
Tenure
CA$14,398,098
Compensation
Mr. David Gerard Hutchens, also known as Dave, serves as President, Chief Executive Officer and Director at Fortis Inc. since January 1, 2021. Mr. Hutchens had been Chief Operating Officer of Fortis Inc. s...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.4yrs | CA$14.40m | 0.026% CA$ 7.0m | |
| Executive VP & CFO | 6yrs | CA$3.94m | 0.011% CA$ 2.9m | |
| Executive Vice President of Operations & Innovation | 2.4yrs | CA$3.40m | 0.0085% CA$ 2.3m | |
| Executive VP of Sustainability & Chief Legal Officer | 6.3yrs | CA$3.50m | 0.0064% CA$ 1.7m | |
| Senior Vice President of Capital Markets & Business Development | 2.8yrs | CA$2.24m | 0.0029% CA$ 776.7k | |
| Vice President of Innovation & Technology | 2.8yrs | no data | 0.0031% CA$ 835.8k | |
| Chief Information Officer & VP | less than a year | no data | no data | |
| Vice President of Investor Relations | 6.7yrs | no data | 0.0018% CA$ 478.4k | |
| Vice President of Communications and Government Relations | 6.1yrs | no data | 0.00075% CA$ 201.6k | |
| Vice President of People & Culture | less than a year | no data | 0.0013% CA$ 349.4k | |
| VP & General Counsel | 7.1yrs | no data | 0.0021% CA$ 550.9k | |
| Executive Vice President of Western Utility Operations | no data | no data | no data |
3.4yrs
Average Tenure
53yo
Average Age
Experienced Management: FTS.PRH's management team is considered experienced (3.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.4yrs | CA$14.40m | 0.026% CA$ 7.0m | |
| Independent Corporate Director | 9.1yrs | CA$401.02k | 0.00041% CA$ 110.2k | |
| Independent Corporate Director | 6.1yrs | CA$377.64k | 0.00076% CA$ 204.2k | |
| Independent Chair | 8.1yrs | CA$474.61k | 0.0020% CA$ 545.5k | |
| Independent Director | 1.1yrs | CA$156.67k | 0.0010% CA$ 271.4k | |
| Independent Corporate Director | 9.1yrs | CA$357.05k | 0.00053% CA$ 142.4k | |
| Independent Corporate Director | 10.1yrs | CA$450.77k | 0.0010% CA$ 282.2k | |
| Independent Corporate Director | 8.1yrs | CA$509.54k | 0.00061% CA$ 163.9k | |
| Independent Corporate Director | 7.1yrs | CA$351.38k | 0.0020% CA$ 545.5k | |
| Independent Director | 2.1yrs | CA$318.60k | no data | |
| Independent Director | 3.1yrs | CA$339.05k | no data | |
| Independent Director | 3.1yrs | CA$293.10k | no data |
6.6yrs
Average Tenure
61.5yo
Average Age
Experienced Board: FTS.PRH's board of directors are considered experienced (6.6 years average tenure).