i3 Energy Management
Management criteria checks 2/4
i3 Energy's CEO is Majid Shafiq, appointed in Oct 2018, has a tenure of 5.5 years. total yearly compensation is £4.83M, comprised of 10.1% salary and 89.9% bonuses, including company stock and options. directly owns 0.84% of the company’s shares, worth €1.29M. The average tenure of the management team and the board of directors is 2.3 years and 5.7 years respectively.
Key information
Majid Shafiq
Chief executive officer
UK£4.8m
Total compensation
| CEO salary percentage | 10.1% |
| CEO tenure | 5.5yrs |
| CEO ownership | 0.8% |
| Management average tenure | 2.3yrs |
| Board average tenure | 5.7yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2023 | n/a | n/a | UK£38m |
| Mar 31 2023 | n/a | n/a | UK£40m |
| Dec 31 2022 | UK£5m | UK£487k | UK£42m |
| Sep 30 2022 | n/a | n/a | UK£44m |
| Jun 30 2022 | n/a | n/a | UK£47m |
| Mar 31 2022 | n/a | n/a | UK£36m |
| Dec 31 2021 | UK£1m | UK£384k | UK£25m |
| Sep 30 2021 | n/a | n/a | UK£18m |
| Jun 30 2021 | n/a | n/a | UK£11m |
| Mar 31 2021 | n/a | n/a | UK£12m |
| Dec 31 2020 | UK£702k | UK£313k | UK£12m |
| Sep 30 2020 | n/a | n/a | -UK£691k |
| Jun 30 2020 | n/a | n/a | -UK£13m |
| Mar 31 2020 | n/a | n/a | -UK£12m |
| Dec 31 2019 | UK£590k | UK£271k | -UK£11m |
| Sep 30 2019 | n/a | n/a | -UK£8m |
| Jun 30 2019 | n/a | n/a | -UK£6m |
| Mar 31 2019 | n/a | n/a | -UK£4m |
| Dec 31 2018 | UK£278k | UK£58k | -UK£2m |
| Sep 30 2018 | n/a | n/a | -UK£2m |
| Jun 30 2018 | n/a | n/a | -UK£1m |
| Mar 31 2018 | n/a | n/a | -UK£2m |
| Dec 31 2017 | UK£62k | n/a | -UK£3m |
Compensation vs Market: Majid's total compensation ($USD6.03M) is above average for companies of similar size in the German market ($USD691.02K).
Compensation vs Earnings: Majid's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Majid Shafiq (59 yo)
5.5yrs
Tenure
UK£4,827,000
Compensation
Mr. Majid Shafiq has been Chief Executive Officer at i3 Energy Plc since October 8, 2018. Mr. Majid Shafiq serves Chief Executive Officer of Àrgentil Capital Partners since 2015. Mr. Shafiq has significant...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 5.5yrs | UK£4.83m | 0.84% £ 1.3m | |
| President of Canada & Executive Director | no data | UK£11.49m | 0.71% £ 1.1m | |
| Chief Financial Officer | less than a year | no data | 0.017% £ 25.7k | |
| Vice President of Corporate Development | 2.3yrs | no data | no data | |
| Vice President of Exploration | 2.3yrs | no data | no data | |
| Chief Operating Officer of i3 Energy North Sea Limited | 5.5yrs | no data | no data | |
| Chief Operating Officer of i3 Energy Canada Ltd | no data | no data | no data |
2.3yrs
Average Tenure
Experienced Management: I32's management team is considered experienced (2.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 6.8yrs | UK£4.83m | 0.84% £ 1.3m | |
| President of Canada & Executive Director | 1.3yrs | UK£11.49m | 0.71% £ 1.1m | |
| Independent Non-Executive Chairman | 3.3yrs | UK£304.00k | 0.26% £ 394.8k | |
| Independent Non-Executive Director | 7.1yrs | UK£295.00k | 0.64% £ 985.2k | |
| Independent Non-Executive Director | 6.8yrs | UK£295.00k | 0.13% £ 197.9k | |
| Independent Non-Executive Director | 4.6yrs | UK£223.00k | 0.11% £ 167.8k |
5.7yrs
Average Tenure
62yo
Average Age
Experienced Board: I32's board of directors are considered experienced (5.7 years average tenure).