Cenovus Energy Management
Management criteria checks 2/4
Cenovus Energy's CEO is Jon McKenzie, appointed in Apr 2023, has a tenure of 1.5 years. total yearly compensation is CA$8.67M, comprised of 11.4% salary and 88.6% bonuses, including company stock and options. directly owns 0.051% of the company’s shares, worth €15.55M. The average tenure of the management team and the board of directors is 1.5 years and 4.1 years respectively.
Key information
Jon McKenzie
Chief executive officer
CA$8.7m
Total compensation
CEO salary percentage | 11.4% |
CEO tenure | 1.5yrs |
CEO ownership | 0.05% |
Management average tenure | 1.5yrs |
Board average tenure | 4.1yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
Date | Total Compensation | Salary | Company Earnings |
---|---|---|---|
Jun 30 2024 | n/a | n/a | CA$5b |
Mar 31 2024 | n/a | n/a | CA$5b |
Dec 31 2023 | CA$9m | CA$989k | CA$4b |
Sep 30 2023 | n/a | n/a | CA$4b |
Jun 30 2023 | n/a | n/a | CA$4b |
Mar 31 2023 | n/a | n/a | CA$5b |
Dec 31 2022 | CA$5m | CA$750k | CA$6b |
Sep 30 2022 | n/a | n/a | CA$5b |
Jun 30 2022 | n/a | n/a | CA$4b |
Mar 31 2022 | n/a | n/a | CA$2b |
Dec 31 2021 | CA$6m | CA$700k | CA$553m |
Sep 30 2021 | n/a | n/a | CA$816m |
Jun 30 2021 | n/a | n/a | CA$80m |
Mar 31 2021 | n/a | n/a | -CA$371m |
Dec 31 2020 | CA$4m | CA$588k | -CA$2b |
Sep 30 2020 | n/a | n/a | -CA$2b |
Jun 30 2020 | n/a | n/a | -CA$2b |
Mar 31 2020 | n/a | n/a | CA$287m |
Dec 31 2019 | CA$4m | CA$625k | CA$2b |
Sep 30 2019 | n/a | n/a | CA$731m |
Jun 30 2019 | n/a | n/a | CA$302m |
Mar 31 2019 | n/a | n/a | -CA$2b |
Dec 31 2018 | CA$5m | CA$461k | -CA$3b |
Compensation vs Market: Jon's total compensation ($USD6.36M) is about average for companies of similar size in the German market ($USD5.11M).
Compensation vs Earnings: Jon's compensation has increased by more than 20% in the past year.
CEO
Jon McKenzie (56 yo)
1.5yrs
Tenure
CA$8,671,098
Compensation
Mr. Jonathan M. McKenzie, also known as Jon, CA, is Vice-Chair of Canadian Association of Petroleum Producers from November 2023. He serves as President, CEO & Non-Independent Director at Cenovus Energy In...
Leadership Team
Name | Position | Tenure | Compensation | Ownership |
---|---|---|---|---|
Executive Chair | 6.9yrs | CA$8.11m | 0.078% CA$ 23.8m | |
President | 1.5yrs | CA$8.67m | 0.051% CA$ 15.5m | |
Executive VP of Strategy & CFO | 1.1yrs | CA$2.78m | 0.0075% CA$ 2.3m | |
Executive VP & COO | 1.1yrs | CA$3.21m | 0.0086% CA$ 2.6m | |
Executive VP & Chief Commercial Officer | no data | CA$3.20m | 0% CA$ 0 | |
Executive VP of Upstream - Thermal & Atlantic Offshore | 4.8yrs | CA$2.68m | 0.0029% CA$ 893.1k | |
Senior Vice President of Investor Relations | no data | no data | no data | |
Senior VP of Legal | 3.8yrs | no data | 0.0029% CA$ 896.2k | |
Senior VP of Corporate Development & Acting Chief Sustainability Officer | less than a year | no data | 0.0076% CA$ 2.3m | |
Senior Vice-President of People Services | 2.6yrs | no data | 0.00062% CA$ 189.0k | |
Chief Sustainability Officer & Exe VP of Stakeholder Engagement (Leave of Absence)) | less than a year | no data | 0.0022% CA$ 661.5k | |
Executive Vice-President | 3.8yrs | no data | 0.0015% CA$ 463.3k |
1.5yrs
Average Tenure
56yo
Average Age
Experienced Management: CXD's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.
Board Members
Name | Position | Tenure | Compensation | Ownership |
---|---|---|---|---|
Executive Chair | 6.9yrs | CA$8.11m | 0.078% CA$ 23.8m | |
President | 1.5yrs | CA$8.67m | 0.051% CA$ 15.5m | |
Lead Independent Director | 7.8yrs | CA$303.09k | 0.019% CA$ 5.8m | |
Independent Director | 3.8yrs | CA$256.21k | no data | |
Independent Director | 3.8yrs | CA$253.00k | 0.0031% CA$ 957.2k | |
Independent Director | 8.5yrs | CA$278.00k | no data | |
Director | less than a year | CA$169.58k | 0.00065% CA$ 198.1k | |
Independent Director | 8.5yrs | CA$274.50k | no data | |
Independent Director | 4.5yrs | CA$267.50k | no data | |
Independent Director | less than a year | CA$168.23k | 0.00017% CA$ 51.8k | |
Independent Director | 1.8yrs | CA$266.00k | 0.00016% CA$ 48.8k | |
Independent Director | 5.5yrs | CA$281.13k | no data |
4.1yrs
Average Tenure
64yo
Average Age
Experienced Board: CXD's board of directors are considered experienced (4.1 years average tenure).