Onex Management

Management criteria checks 2/4

Onex's CEO is Bobby Le Blanc, appointed in May 2023, has a tenure of less than a year. total yearly compensation is $8.50M, comprised of 11.8% salary and 88.2% bonuses, including company stock and options. directly owns 1.12% of the company’s shares, worth €57.93M. The average tenure of the management team and the board of directors is 7.7 years and 13.9 years respectively.

Key information

Bobby Le Blanc

Chief executive officer

US$8.5m

Total compensation

CEO salary percentage	11.8%
CEO tenure	less than a year
CEO ownership	1.1%
Management average tenure	7.7yrs
Board average tenure	13.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Bobby Le Blanc's remuneration changed compared to Onex's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$9m	US$1m	US$529m
Sep 30 2023	n/a	n/a	US$591m
Jun 30 2023	n/a	n/a	US$155m
Mar 31 2023	n/a	n/a	-US$161m
Dec 31 2022	US$6m	US$1m	US$235m
Sep 30 2022	n/a	n/a	US$14m
Jun 30 2022	n/a	n/a	US$796m
Mar 31 2022	n/a	n/a	US$1b
Dec 31 2021	US$6m	US$750k	US$1b
Sep 30 2021	n/a	n/a	US$2b
Jun 30 2021	n/a	n/a	US$2b
Mar 31 2021	n/a	n/a	US$2b
Dec 31 2020	US$4m	US$400k	US$730m
Sep 30 2020	n/a	n/a	US$320m
Jun 30 2020	n/a	n/a	-US$81m
Mar 31 2020	n/a	n/a	-US$452m
Dec 31 2019	US$6m	US$400k	US$4b
Sep 30 2019	n/a	n/a	US$4b
Jun 30 2019	n/a	n/a	US$4b
Mar 31 2019	n/a	n/a	US$3b
Dec 31 2018	US$400k	US$400k	-US$713m
Sep 30 2018	n/a	n/a	-US$722m
Jun 30 2018	n/a	n/a	US$107m
Mar 31 2018	n/a	n/a	-US$148m
Dec 31 2017	US$12m	US$400k	-US$768m

Compensation vs Market: Bobby's total compensation ($USD8.50M) is above average for companies of similar size in the German market ($USD3.42M).

Compensation vs Earnings: Bobby's compensation has increased by more than 20% in the past year.

CEO

Bobby Le Blanc (56 yo)

less than a year

Tenure

US$8,501,000

Compensation

Mr. Robert Michael LeBlanc, also known as Bobby, serves as Director at Convex Group Limited. He is Director of First Berkshire Hathaway Life Insurance Company. He also serves as Director of Onex Canada Ass...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Gerald Schwartz	Founder & Chairman	37.1yrs	US$2.24m	8.83% $ 458.3m
Robert Le Blanc	CEO & Director	less than a year	US$8.50m	1.12% $ 57.9m
Christopher Govan	Chief Financial Officer	9.1yrs	US$2.90m	0.18% $ 9.4m
Nigel Wright	Co-Head of Onex Partners	9.8yrs	US$2.64m	0.41% $ 21.4m
Tawfiq Popatia	Co-Head of Onex Partners	17.3yrs	US$2.64m	0.037% $ 1.9m
Ronnie Jaber	Head of Onex Credit	1.8yrs	US$4.25m	no data
Ewout Heersink	Vice Chairman	13.9yrs	US$400.00k	1.34% $ 69.8m
Terry Hickey	Managing Director of Technology	2.5yrs	no data	no data
Janet Lumb	Vice President of Corporate Real Estate & Administration	no data	no data	no data
Yonah Feder	MD & Chief Compliance Officer	6.3yrs	no data	no data
Jill Homenuk	Managing Director of Shareholder Relations & Communications	no data	no data	no data
Heather Hrousalas	Chief Human Resources Officer	no data	no data	no data

7.7yrs

Average Tenure

56yo

Average Age

Experienced Management: ONE's management team is seasoned and experienced (7.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Gerald Schwartz	Founder & Chairman	37.1yrs	US$2.24m	8.83% $ 458.3m
Robert Le Blanc	CEO & Director	less than a year	US$8.50m	1.12% $ 57.9m
Ewout Heersink	Vice Chairman	13.9yrs	US$400.00k	1.34% $ 69.8m
John Prichard	Lead Independent Director	29.9yrs	US$312.50k	0.026% $ 1.3m
Heather Reisman	Non-Independent Director	20.9yrs	US$250.00k	no data
John McCoy	Independent Director	18.9yrs	US$277.50k	0.026% $ 1.3m
Sarabjit Marwah	Independent Director	1.9yrs	US$273.13k	0.0026% $ 134.9k
Arni Thorsteinson	Independent Director	37.1yrs	US$302.50k	0.065% $ 3.4m
Mitchell Goldhar	Independent Director	6.9yrs	US$250.00k	no data
Beth Wilkinson	Independent Director	5.9yrs	US$253.38k	no data
Lisa Carnoy	Independent Director	less than a year	US$256.25k	no data

13.9yrs

Average Tenure

72yo

Average Age

Experienced Board: ONE's board of directors are seasoned and experienced ( 13.9 years average tenure).

Onex Management

Management criteria checks 2/4

Key information

Recent management updates

Onex Corporation, Annual General Meeting, May 09, 2024

Onex Corporation Appoints Peter Brown as Head of Client and Products Solutions

Vice Chairman recently bought €2.7m worth of stock

Onex Corporation Appoints Bobby Le Blanc as CEO

Vice Chairman recently bought €1.3m worth of stock

Vice Chairman recently sold €275k worth of stock

Recent updates

Onex Corporation to Report Q1, 2024 Results on May 10, 2024

Upcoming dividend of CA$0.10 per share

Fourth quarter dividend of CA$0.10 announced

Full year 2023 earnings released: EPS: US$6.66 (vs US$2.77 in FY 2022)

Onex Corporation, Annual General Meeting, May 09, 2024

Onex Corporation Appoints Peter Brown as Head of Client and Products Solutions

Onex Corporation Declares First-Quarter Dividend, Payable on April 30, 2024

Onex Corporation to Report Q4, 2023 Results on Feb 23, 2024

Upcoming dividend of CA$0.10 per share at 0.4% yield

Third quarter 2023 earnings released: EPS: US$3.24 (vs US$2.12 loss in 3Q 2022)

Onex Corporation Declares Fourth-Quarter Dividend, Payable on January 31, 2024

Legends Hospitality, LLC entered into a definitive agreement to acquire ASM Global Parent, Inc. from Onex Corporation (TSX:ONEX) and Anschutz Entertainment Group, Inc.

Onex Corporation (TSX:ONEX) agreed to acquire Accredited Holding Corporation from Randall & Quilter America Holdings, Inc. for an enterprise value of $465 million.

R&Q Insurance Confirms Talks to Sell Accredited

Onex Corporation Declares Third-Quarter Dividend, Payable on October 31, 2023

Second quarter 2023 earnings released: EPS: US$1.63 (vs US$2.14 loss in 2Q 2022)

Upcoming dividend of CA$0.10 per share at 0.5% yield

Vice Chairman recently bought €2.7m worth of stock

First quarter 2023 earnings released: US$2.87 loss per share (vs US$1.89 profit in 1Q 2022)

Onex Corporation Appoints Bobby Le Blanc as CEO

Vice Chairman recently bought €1.3m worth of stock

Upcoming dividend of CA$0.10 per share at 0.6% yield

Vice Chairman recently sold €275k worth of stock

Full year 2022 earnings released: EPS: US$2.77 (vs US$15.79 in FY 2021)

Onex Corporation to Report Q4, 2022 Results on Feb 24, 2023

Upcoming dividend of CA$0.10 per share

Insider recently sold €794k worth of stock

Insufficient new directors

Third quarter 2022 earnings released: US$2.12 loss per share (vs US$6.76 profit in 3Q 2021)

Onex Corporation Declares Fourth-Quarter Dividend, Payable on January 31, 2023

Upcoming dividend of CA$0.10 per share

Onex Corporation Declares Third Quarter Dividend, Payable on October 31, 2022

Second quarter 2022 earnings released: US$2.15 loss per share (vs US$1.93 profit in 2Q 2021)

Upcoming dividend of CA$0.10 per share

Onex Appoints Ronnie Jaber and Sandeep Alva as Co-Heads of Onex Credit

First quarter 2022 earnings released: EPS: US$1.90 (vs US$4.61 in 1Q 2021)

Onex Corporation Elects Sarabjit S. Marwah as Director

Insider recently bought €556k worth of stock

Insufficient new directors

Upcoming dividend of CA$0.10 per share

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Onex Corporation, Annual General Meeting, May 12, 2022

Onex Corporation Declares Dividend for the First Quarter, Payable on April 30, 2022

Qatar Investment Authority agreed to acquire an unknown minority stake in Advanced Integration Technology, LP from Onex Partners IV LP, a fund managed by Onex Corporation (TSX:ONEX), and AIT’s founding management team.

Vice Chairman recently sold €688k worth of stock

Vice Chairman recently sold €291k worth of stock

Upcoming dividend of CA$0.10 per share

Onex Partners V LP, managed by Onex Corporation (TSX:ONEX), and management of TES Global Limited agreed to acquire TES Global Limited from Providence Equity Partners L.L.C.

Insufficient new directors

Third quarter 2021 earnings released

Upcoming dividend of CA$0.10 per share

Second quarter 2021 earnings released

The management of Monroe Operations LLC along with Onex Partners V LP, a fund managed by Onex Corporation (TSX:ONEX) completed the acquisition of Monroe Operations LLC.

Upcoming dividend of CA$0.10 per share

Onex Partners V LP managed by Onex Corporation (TSX:ONEX) agreed to acquire Newport Healthcare.

The management of Monroe Operations LLC along with Onex Partners V LP, a fund managed by Onex Corporation (TSX:ONEX) agreed to acquire Monroe Operations LLC.

Independent Director has left the company

First quarter 2021 earnings released: EPS US$4.60 (vs US$9.97 loss in 1Q 2020)

Onex Corporation Declares Second-Quarter Dividend, Payable on July 30, 2021

Upcoming dividend of CA$0.10 per share

President recently bought €2.3m worth of stock

Full year 2020 earnings released: EPS US$7.64 (vs US$42.77 in FY 2019)

New 90-day high: €48.20

Onex Corporation to Report Q4, 2020 Results on Feb 26, 2021

Wes Pringle to Join Onex as Head of Portfolio Operations for Onex Partners

Onex Corporation and Onex Credit Announces Appointment of Conor Daly to Lead Its European CLO Platform

New 90-day high: €48.00

Onex Corporation (TSX:ONEX) acquired Falcon Investment Advisors, LLC.

New 90-day high: €47.80