Tourmaline Oil Corp.

DB:08T Stock Report

Market Cap: €17.3b

Tourmaline Oil Management

Management criteria checks 4/4

Tourmaline Oil's CEO is Mike Rose, appointed in Aug 2008, has a tenure of 16.25 years. total yearly compensation is CA$5.68M, comprised of 10.6% salary and 89.4% bonuses, including company stock and options. directly owns 4.23% of the company’s shares, worth €730.41M. The average tenure of the management team and the board of directors is 6.1 years and 11.3 years respectively.

Key information

Mike Rose

Chief executive officer

CA$5.7m

Total compensation

CEO salary percentage10.6%
CEO tenure16.3yrs
CEO ownership4.2%
Management average tenure6.1yrs
Board average tenure11.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mike Rose's remuneration changed compared to Tourmaline Oil's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

CA$2b

Jun 30 2024n/an/a

CA$1b

Mar 31 2024n/an/a

CA$2b

Dec 31 2023CA$6mCA$600k

CA$2b

Sep 30 2023n/an/a

CA$1b

Jun 30 2023n/an/a

CA$3b

Mar 31 2023n/an/a

CA$4b

Dec 31 2022CA$5mCA$600k

CA$4b

Sep 30 2022n/an/a

CA$6b

Jun 30 2022n/an/a

CA$4b

Mar 31 2022n/an/a

CA$2b

Dec 31 2021CA$6mCA$600k

CA$2b

Sep 30 2021n/an/a

CA$2b

Jun 30 2021n/an/a

CA$1b

Mar 31 2021n/an/a

CA$902m

Dec 31 2020CA$5mCA$600k

CA$618m

Sep 30 2020n/an/a

CA$50m

Jun 30 2020n/an/a

CA$61m

Mar 31 2020n/an/a

CA$196m

Dec 31 2019CA$3mCA$600k

CA$320m

Sep 30 2019n/an/a

CA$449m

Jun 30 2019n/an/a

CA$489m

Mar 31 2019n/an/a

CA$360m

Dec 31 2018CA$3mCA$600k

CA$401m

Sep 30 2018n/an/a

CA$299m

Jun 30 2018n/an/a

CA$294m

Mar 31 2018n/an/a

CA$377m

Dec 31 2017CA$3mCA$450k

CA$347m

Compensation vs Market: Mike's total compensation ($USD4.07M) is about average for companies of similar size in the German market ($USD4.78M).

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

CEO

Mike Rose (66 yo)

16.3yrs

Tenure

CA$5,684,223

Compensation

Mr. Michael L. Rose, also known as Mike, P.Geol., founded Tourmaline Oil Corp. in August 2008 and has been its Chief Executive Officer and President since then. Mr. Rose served as Chief Executive Officer a...

Leadership Team

NamePositionTenureCompensationOwnership
Michael Rose
Chairman of the Board16.3yrsCA$5.68m4.23%
€ 730.4m
Brian Robinson
CFO & Non-Independent Director16.3yrsCA$3.26m0.34%
€ 58.7m
Earl McKinnon
Chief Operating Officerless than a yearCA$2.86m0.027%
€ 4.7m
Sherra Aspin
Vice President of Marketing7.2yrsCA$2.66m0.015%
€ 2.6m
Colin Frostad
Vice President of Exploration5yrsCA$2.12m0.011%
€ 2.0m
William Kirker
Chief Legal Officer & External Affairs16.3yrsno datano data
James Heard
Vice President of Capital Marketsless than a yearno datano data
Katie Beck
General Counsel & Corporate Secretary3.7yrsno datano data

6.1yrs

Average Tenure

Experienced Management: 08T's management team is seasoned and experienced (6.1 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Michael Rose
Chairman of the Board16.3yrsCA$5.68m4.23%
€ 730.4m
Brian Robinson
CFO & Non-Independent Director16.3yrsCA$3.26m0.34%
€ 58.7m
Lee Allan Baker
Independent Director13.7yrsCA$190.67k0.0033%
€ 576.5k
Jill Angevine
Independent Director9yrsCA$190.67k0.016%
€ 2.8m
William Armstrong
Independent Director16.1yrsCA$190.67k0.12%
€ 20.0m
Christopher Lee
Independent Directorless than a yearCA$112.34k0.0021%
€ 357.3k
Andrew MacDonald
Lead Independent Director13.7yrsCA$190.67k0.024%
€ 4.2m
Janet Weiss
Independent Director4.4yrsCA$190.67k0.0032%
€ 547.2k
Lucy Miller
Independent Director7.4yrsCA$190.67k0.0041%
€ 702.6k
Travis Toews
Directorno datano data0.00043%
€ 74.2k

11.3yrs

Average Tenure

64yo

Average Age

Experienced Board: 08T's board of directors are seasoned and experienced ( 11.3 years average tenure).