Toromont Industries Ltd.

DB:14T Stock Report

Market Cap: €6.6b

Toromont Industries Management

Management criteria checks 4/4

Toromont Industries' CEO is Mike McMillan, appointed in Oct 2023, has a tenure of 1.08 years. 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 €381.83K. The average tenure of the management team and the board of directors is 5.8 years and 5.5 years respectively.

Key information

Mike McMillan

Chief executive officer

CA$2.1m

Total compensation

CEO salary percentage24.9%
CEO tenure1.1yrs
CEO ownership0.006%
Management average tenure5.8yrs
Board average tenure5.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mike McMillan's remuneration changed compared to Toromont Industries's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

CA$504m

Jun 30 2024n/an/a

CA$519m

Mar 31 2024n/an/a

CA$517m

Dec 31 2023CA$2mCA$529k

CA$529m

Sep 30 2023n/an/a

CA$533m

Jun 30 2023n/an/a

CA$508m

Mar 31 2023n/an/a

CA$486m

Dec 31 2022CA$2mCA$463k

CA$450m

Sep 30 2022n/an/a

CA$397m

Jun 30 2022n/an/a

CA$371m

Mar 31 2022n/an/a

CA$345m

Dec 31 2021CA$2mCA$435k

CA$333m

Sep 30 2021n/an/a

CA$316m

Jun 30 2021n/an/a

CA$300m

Mar 31 2021n/an/a

CA$265m

Dec 31 2020CA$1mCA$329k

CA$255m

Compensation vs Market: Mike's total compensation ($USD1.52M) is below average for companies of similar size in the German market ($USD3.58M).

Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.

CEO

Mike McMillan

1.1yrs

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

NamePositionTenureCompensationOwnership
Michael Stanley McMillan
CEO, President & Director1.1yrsCA$2.12m0.0058%
€ 381.8k
John Doolittle
Executive VP & CFO1.1yrsCA$655.43kno data
Michael Cuddy
VP, Chief Information Officer & Corporate Strategy20.8yrsCA$1.56m0.043%
€ 2.9m
Miles Sean Gregg
President of Toromont Cat Construction Divisionno dataCA$1.29m0.027%
€ 1.8m
Joel Couture
Chief Operating Officer - Toromont Catno dataCA$1.38m0.0070%
€ 457.4k
Lynn Korbak
General Counsel & Corporate Secretary6.8yrsno data0.0071%
€ 468.6k
William Harvey
President of Toromont Cat Mining Division3.8yrsCA$1.10m0.0052%
€ 342.4k
David Malinauskas
President of CIMCO Refrigeration9.8yrsCA$862.45k0.0061%
€ 399.6k
Colin Goheen
President of Battlefield Equipment Rentals5.8yrsno datano data

5.8yrs

Average Tenure

Experienced Management: 14T's management team is seasoned and experienced (5.8 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Michael Stanley McMillan
CEO, President & Director1.1yrsCA$2.12m0.0058%
€ 381.8k
Jeffrey Chisholm
Independent Vice Chair13.8yrsCA$241.18k0.027%
€ 1.8m
Peter Blake
Independent Director5.5yrsCA$218.18k0.0016%
€ 104.5k
Richard Roy
Independent Chair of the Board6yrsCA$392.36k0.0037%
€ 240.5k
Katherine Rethy
Independent Director11.3yrsCA$206.18k0.0012%
€ 79.5k
Ben Cherniavsky
Independent Director3.8yrsCA$209.18k0.0014%
€ 92.0k
Ave Lethbridge
Independent Directorless than a yearno datano data
Frederick Mifflin
Independent Director2.6yrsCA$209.18k0.0021%
€ 136.0k
Paramita Das
Independent Directorless than a yearno datano data
Cathryn Cranston
Independent Director11.3yrsCA$224.18k0.0070%
€ 457.4k
Sharon Hodgson
Independent Director5.5yrsCA$209.18kno data

5.5yrs

Average Tenure

65yo

Average Age

Experienced Board: 14T's board of directors are considered experienced (5.5 years average tenure).