Innergex Renewable Energy Management
Management criteria checks 3/4
Innergex Renewable Energy's CEO is Michel Letellier, appointed in Oct 2007, has a tenure of 17.08 years. total yearly compensation is CA$2.34M, comprised of 27.8% salary and 72.2% bonuses, including company stock and options. directly owns 0.51% of the company’s shares, worth CA$8.64M. The average tenure of the management team and the board of directors is 3.8 years and 5.8 years respectively.
Key information
Michel Letellier
Chief executive officer
CA$2.3m
Total compensation
| CEO salary percentage | 27.8% |
| CEO tenure | 17.1yrs |
| CEO ownership | 0.5% |
| Management average tenure | 3.8yrs |
| Board average tenure | 5.8yrs |
Recent management updates
Recent updates
Innergex Renewable Energy (TSE:INE) Use Of Debt Could Be Considered Risky
Oct 15
Unpleasant Surprises Could Be In Store For Innergex Renewable Energy Inc.'s (TSE:INE) Shares
Sep 24Improved Revenues Required Before Innergex Renewable Energy Inc. (TSE:INE) Stock's 27% Jump Looks Justified
Jun 09These 4 Measures Indicate That Innergex Renewable Energy (TSE:INE) Is Using Debt In A Risky Way
May 08Cautious Investors Not Rewarding Innergex Renewable Energy Inc.'s (TSE:INE) Performance Completely
Feb 02A Look At The Fair Value Of Innergex Renewable Energy Inc. (TSE:INE)
Dec 08Here's Why Innergex Renewable Energy (TSE:INE) Is Weighed Down By Its Debt Load
Sep 25Calculating The Intrinsic Value Of Innergex Renewable Energy Inc. (TSE:INE)
Sep 07Innergex Renewable Energy (TSE:INE) Has No Shortage Of Debt
Jun 13Calculating The Intrinsic Value Of Innergex Renewable Energy Inc. (TSE:INE)
Feb 02Innergex Renewable Energy (TSE:INE) Use Of Debt Could Be Considered Risky
Jan 11Innergex Renewable Energy (TSE:INE) Use Of Debt Could Be Considered Risky
Oct 10A Look At The Intrinsic Value Of Innergex Renewable Energy Inc. (TSE:INE)
Sep 19These 4 Measures Indicate That Innergex Renewable Energy (TSE:INE) Is Using Debt In A Risky Way
Jun 10Calculating The Fair Value Of Innergex Renewable Energy Inc. (TSE:INE)
May 20CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | -CA$133m |
| Jun 30 2024 | n/a | n/a | -CA$132m |
| Mar 31 2024 | n/a | n/a | -CA$131m |
| Dec 31 2023 | CA$2m | CA$652k | -CA$104m |
| Sep 30 2023 | n/a | n/a | -CA$35m |
| Jun 30 2023 | n/a | n/a | -CA$21m |
| Mar 31 2023 | n/a | n/a | -CA$67m |
| Dec 31 2022 | CA$2m | CA$627k | -CA$87m |
| Sep 30 2022 | n/a | n/a | -CA$44m |
| Jun 30 2022 | n/a | n/a | -CA$84m |
| Mar 31 2022 | n/a | n/a | -CA$18m |
| Dec 31 2021 | CA$2m | CA$614k | -CA$197m |
| Sep 30 2021 | n/a | n/a | -CA$183m |
| Jun 30 2021 | n/a | n/a | -CA$155m |
| Mar 31 2021 | n/a | n/a | -CA$199m |
| Dec 31 2020 | CA$2m | CA$583k | -CA$39m |
| Sep 30 2020 | n/a | n/a | -CA$97m |
| Jun 30 2020 | n/a | n/a | -CA$95m |
| Mar 31 2020 | n/a | n/a | -CA$99m |
| Dec 31 2019 | CA$2m | CA$550k | -CA$56m |
| Sep 30 2019 | n/a | n/a | CA$9m |
| Jun 30 2019 | n/a | n/a | CA$2m |
| Mar 31 2019 | n/a | n/a | CA$17m |
| Dec 31 2018 | CA$1m | CA$537k | CA$26m |
| Sep 30 2018 | n/a | n/a | CA$14m |
| Jun 30 2018 | n/a | n/a | CA$13m |
| Mar 31 2018 | n/a | n/a | CA$20m |
| Dec 31 2017 | CA$1m | CA$527k | CA$24m |
Compensation vs Market: Michel's total compensation ($USD1.68M) is about average for companies of similar size in the Canadian market ($USD1.99M).
Compensation vs Earnings: Michel's compensation has increased whilst the company is unprofitable.
CEO
Michel Letellier (59 yo)
17.1yrs
Tenure
CA$2,341,503
Compensation
Mr. Michel Letellier, MBA, is an Independent Director of Canadian National Railway Company since October 1, 2022. He has been the Chief Executive Officer and President of Innergex Renewable Energy Inc. sin...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 17.1yrs | CA$2.34m | 0.51% CA$ 8.6m | |
| Chief Financial Officer | 2.6yrs | CA$1.25m | 0.16% CA$ 2.7m | |
| Chief Legal Officer & Secretary | 13.8yrs | CA$665.28k | 0.014% CA$ 232.6k | |
| Chief Human Resources Officer | 4.4yrs | CA$585.54k | 0% CA$ 0 | |
| Chief Asset Officer | 3.3yrs | CA$1.03m | 0.0042% CA$ 70.8k | |
| Vice President of Investments & Financing | no data | no data | no data | |
| Director of Investor Relations | no data | no data | no data | |
| Senior Manager - Compliance | no data | no data | no data | |
| Senior Director of Communications and ESG | no data | no data | no data | |
| VP & MD of France | 3.8yrs | no data | no data | |
| VP & MD of Chile | 3.8yrs | no data | no data | |
| VP of Development Canada | no data | no data | no data |
3.8yrs
Average Tenure
Experienced Management: INE's management team is considered experienced (3.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 22.1yrs | CA$2.34m | 0.51% CA$ 8.6m | |
| Independent Chairman | 9.1yrs | CA$129.50k | 0.0046% CA$ 77.9k | |
| Independent Director | 7.5yrs | CA$136.00k | 0.0057% CA$ 96.7k | |
| Independent Director | 14.7yrs | CA$190.00k | 0.030% CA$ 499.3k | |
| Independent Director | 5.8yrs | CA$109.50k | no data | |
| Independent Director | less than a year | CA$7.83k | 0.029% CA$ 492.5k | |
| Non-Independent Director | less than a year | no data | no data | |
| Independent Director | 7.5yrs | CA$119.00k | 0.00049% CA$ 8.3k | |
| Non-Independent Director | 4.8yrs | no data | no data | |
| Independent Director | 4.5yrs | CA$125.00k | no data | |
| Independent Director | 1.9yrs | CA$101.39k | no data | |
| Director | no data | no data | no data |
5.8yrs
Average Tenure
63yo
Average Age
Experienced Board: INE's board of directors are considered experienced (5.8 years average tenure).