MYR Group Management
Management criteria checks 3/4
MYR Group's CEO is Rick Swartz, appointed in Jan 2017, has a tenure of 7.5 years. total yearly compensation is $4.62M, comprised of 18.8% salary and 81.2% bonuses, including company stock and options. directly owns 0.84% of the company’s shares, worth €17.48M. The average tenure of the management team and the board of directors is 4.3 years and 7.1 years respectively.
Key information
Rick Swartz
Chief executive officer
US$4.6m
Total compensation
| CEO salary percentage | 18.8% |
| CEO tenure | 7.5yrs |
| CEO ownership | 0.8% |
| Management average tenure | 4.3yrs |
| Board average tenure | 7.1yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | US$87m |
| Dec 31 2023 | US$5m | US$870k | US$91m |
| Sep 30 2023 | n/a | n/a | US$92m |
| Jun 30 2023 | n/a | n/a | US$88m |
| Mar 31 2023 | n/a | n/a | US$86m |
| Dec 31 2022 | US$4m | US$813k | US$83m |
| Sep 30 2022 | n/a | n/a | US$80m |
| Jun 30 2022 | n/a | n/a | US$84m |
| Mar 31 2022 | n/a | n/a | US$86m |
| Dec 31 2021 | US$4m | US$769k | US$85m |
| Sep 30 2021 | n/a | n/a | US$82m |
| Jun 30 2021 | n/a | n/a | US$77m |
| Mar 31 2021 | n/a | n/a | US$69m |
| Dec 31 2020 | US$3m | US$717k | US$59m |
| Sep 30 2020 | n/a | n/a | US$53m |
| Jun 30 2020 | n/a | n/a | US$46m |
| Mar 31 2020 | n/a | n/a | US$40m |
| Dec 31 2019 | US$3m | US$681k | US$38m |
| Sep 30 2019 | n/a | n/a | US$36m |
| Jun 30 2019 | n/a | n/a | US$33m |
| Mar 31 2019 | n/a | n/a | US$33m |
| Dec 31 2018 | US$2m | US$591k | US$31m |
| Sep 30 2018 | n/a | n/a | US$34m |
| Jun 30 2018 | n/a | n/a | US$31m |
| Mar 31 2018 | n/a | n/a | US$26m |
| Dec 31 2017 | US$2m | US$564k | US$21m |
Compensation vs Market: Rick's total compensation ($USD4.62M) is above average for companies of similar size in the German market ($USD1.49M).
Compensation vs Earnings: Rick's compensation has been consistent with company performance over the past year.
CEO
Rick Swartz (60 yo)
7.5yrs
Tenure
US$4,622,911
Compensation
Mr. Richard S. Swartz, Jr., also known as Rick, has been the Chief Executive Officer and President of MYR Group Inc. since January 1, 2017. Mr. Swartz serves as the Director at MYR Group Inc. since April 2...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 7.5yrs | US$4.62m | 0.84% $ 17.5m | |
| Senior VP & CFO | 1.4yrs | US$1.66m | 0.0032% $ 65.5k | |
| Senior VP | 5.5yrs | US$1.28m | 0.073% $ 1.5m | |
| Senior VP & COO of Commercial and Industrial | 1.2yrs | US$1.35m | 0.044% $ 917.7k | |
| Vice President of Human Resources | 4.3yrs | no data | no data | |
| Senior VP & COO of Transmission & Distribution | less than a year | no data | 0.011% $ 223.3k | |
| VP & Treasurer | 4.5yrs | no data | no data | |
| President of Harlan Electric Co | no data | no data | no data | |
| President of High Country Line Construction | no data | no data | no data | |
| Chief Executive Officer of CSI Electrical Contractors | no data | no data | no data | |
| President of Powerline Plus Ltd & PLP Redimix Ltd | no data | no data | no data |
4.3yrs
Average Tenure
51yo
Average Age
Experienced Management: MYP's management team is considered experienced (4.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.3yrs | US$4.62m | 0.84% $ 17.5m | |
| Independent Chairman | 9yrs | US$290.00k | 0.14% $ 2.8m | |
| Independent Director | 9yrs | US$202.38k | 0.11% $ 2.3m | |
| Independent Director | 16.6yrs | US$204.88k | 0.19% $ 4.0m | |
| Independent Director | 6yrs | US$204.88k | 0.060% $ 1.2m | |
| Independent Director | 8.3yrs | US$189.88k | 0.070% $ 1.4m | |
| Independent Director | 2.2yrs | US$189.88k | 0.014% $ 284.7k | |
| Independent Director | 4.3yrs | US$189.88k | 0.032% $ 666.8k |
7.1yrs
Average Tenure
60yo
Average Age
Experienced Board: MYP's board of directors are considered experienced (7.1 years average tenure).