Toromont Industries Management
Management criteria checks 4/4
Toromont Industries' CEO is Mike McMillan, appointed in Oct 2023, has a tenure of less than a year. total yearly compensation is CA$2.12M, comprised of 24.9% salary and 75.1% bonuses, including company stock and options. directly owns 0.006% of the company’s shares, worth €422.67K. The average tenure of the management team and the board of directors is 4.3 years and 4.9 years respectively.
Key information
Mike McMillan
Chief executive officer
CA$2.1m
Total compensation
| CEO salary percentage | 24.9% |
| CEO tenure | less than a year |
| CEO ownership | 0.006% |
| Management average tenure | 4.3yrs |
| Board average tenure | 4.9yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | CA$2m | CA$529k | CA$529m |
| Sep 30 2023 | n/a | n/a | CA$537m |
| Jun 30 2023 | n/a | n/a | CA$512m |
| Mar 31 2023 | n/a | n/a | CA$490m |
| Dec 31 2022 | CA$2m | CA$463k | CA$450m |
| Sep 30 2022 | n/a | n/a | CA$397m |
| Jun 30 2022 | n/a | n/a | CA$371m |
| Mar 31 2022 | n/a | n/a | CA$345m |
| Dec 31 2021 | CA$2m | CA$435k | CA$333m |
| Sep 30 2021 | n/a | n/a | CA$316m |
| Jun 30 2021 | n/a | n/a | CA$300m |
| Mar 31 2021 | n/a | n/a | CA$265m |
| Dec 31 2020 | CA$1m | CA$329k | CA$255m |
Compensation vs Market: Mike's total compensation ($USD1.55M) is below average for companies of similar size in the German market ($USD3.35M).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
CEO
Mike McMillan
less than a year
Tenure
CA$2,119,686
Compensation
Mr. Michael Stanley Howie McMillan, also known as Mike, served as an Executive Vice President and Chief Financial Officer at Toromont Industries Ltd. since March 1, 2020 until October 15, 2023 and serves a...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | less than a year | CA$2.12m | 0.0058% CA$ 422.7k | |
| Executive VP & CFO | less than a year | CA$655.43k | no data | |
| Chief Information Officer & VP | 20.3yrs | CA$1.56m | 0.043% CA$ 3.2m | |
| President of Toromont Cat Construction Division | no data | CA$1.29m | 0.027% CA$ 2.0m | |
| Chief Operating Officer - Toromont Cat | no data | CA$1.38m | 0.0052% CA$ 381.1k | |
| General Counsel & Corporate Secretary | 6.3yrs | no data | 0.0092% CA$ 669.4k | |
| Vice President of Human Resources | 1.9yrs | no data | no data | |
| President of Toromont Cat Mining Division | 3.3yrs | CA$1.10m | 0.0091% CA$ 665.0k | |
| President of CIMCO Refrigeration | 9.3yrs | CA$862.45k | 0.0057% CA$ 416.8k | |
| President of Battlefield Equipment Rentals | 5.3yrs | no data | no data |
4.3yrs
Average Tenure
Experienced Management: 14T's management team is considered experienced (4.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | less than a year | CA$2.12m | 0.0058% CA$ 422.7k | |
| Independent Vice Chair | 13.3yrs | CA$241.18k | 0.027% CA$ 1.9m | |
| Independent Director | 4.9yrs | CA$218.18k | 0.0012% CA$ 89.1k | |
| Independent Chair of the Board | 5.4yrs | CA$392.36k | 0.0037% CA$ 266.4k | |
| Independent Director | 10.8yrs | CA$206.18k | 0.0012% CA$ 87.6k | |
| Independent Director | 3.2yrs | CA$209.18k | 0.0014% CA$ 102.2k | |
| Independent Director | 2yrs | CA$209.18k | 0.0015% CA$ 106.6k | |
| Independent Director | 10.8yrs | CA$224.18k | 0.0069% CA$ 505.9k | |
| Independent Director | 4.9yrs | CA$209.18k | no data |
4.9yrs
Average Tenure
64yo
Average Age
Experienced Board: 14T's board of directors are considered experienced (4.9 years average tenure).