Cascades Management

Management criteria checks 2/4

Cascades' CEO is Mario Plourde, appointed in May 2013, has a tenure of 10.92 years. total yearly compensation is CA$6.51M, comprised of 18% salary and 82% bonuses, including company stock and options. directly owns 0.35% of the company’s shares, worth €2.22M. The average tenure of the management team and the board of directors is 9.6 years and 7.8 years respectively.

Key information

Mario Plourde

Chief executive officer

CA$6.5m

Total compensation

CEO salary percentage	18.0%
CEO tenure	10.9yrs
CEO ownership	0.4%
Management average tenure	9.6yrs
Board average tenure	7.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mario Plourde's remuneration changed compared to Cascades's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	CA$7m	CA$1m	-CA$76m
Sep 30 2023	n/a	n/a	-CA$46m
Jun 30 2023	n/a	n/a	-CA$82m
Mar 31 2023	n/a	n/a	-CA$94m
Dec 31 2022	CA$6m	CA$1m	-CA$34m
Sep 30 2022	n/a	n/a	-CA$106m
Jun 30 2022	n/a	n/a	-CA$97m
Mar 31 2022	n/a	n/a	-CA$101m
Dec 31 2021	CA$6m	CA$1m	-CA$72m
Sep 30 2021	n/a	n/a	CA$101m
Jun 30 2021	n/a	n/a	CA$129m
Mar 31 2021	n/a	n/a	CA$153m
Dec 31 2020	CA$6m	CA$1m	CA$147m
Sep 30 2020	n/a	n/a	CA$47m
Jun 30 2020	n/a	n/a	CA$55m
Mar 31 2020	n/a	n/a	CA$56m
Dec 31 2019	CA$5m	CA$959k	CA$72m
Sep 30 2019	n/a	n/a	CA$31m
Jun 30 2019	n/a	n/a	CA$24m
Mar 31 2019	n/a	n/a	CA$20m
Dec 31 2018	CA$4m	CA$897k	CA$57m
Sep 30 2018	n/a	n/a	CA$181m
Jun 30 2018	n/a	n/a	CA$178m
Mar 31 2018	n/a	n/a	CA$407m
Dec 31 2017	CA$3m	CA$787k	CA$507m

Compensation vs Market: Mario's total compensation ($USD4.77M) is above average for companies of similar size in the German market ($USD1.29M).

Compensation vs Earnings: Mario's compensation has increased whilst the company is unprofitable.

CEO

Mario Plourde (62 yo)

10.9yrs

Tenure

CA$6,512,609

Compensation

Mr. Mario Plourde has been the Chief Executive Officer and President of Cascades Inc., since May 9, 2013 and serves as its Non-independent Director since November 06, 2014. Mr. Plourde served as the Chief...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Alain Lemaire	Co-Founder & Executive Chairman	57.3yrs	CA$1.47m	5.65% CA$ 35.7m
Mario Plourde	President	10.9yrs	CA$6.51m	0.35% CA$ 2.2m
Allan Hogg	VP & CFO	13.9yrs	CA$1.70m	0.10% CA$ 656.2k
Luc Langevin	Senior Vice President of Cascades Services	less than a year	CA$1.58m	0.057% CA$ 362.7k
Charles Malo	President & COO of Containerboard Packaging Group	no data	CA$1.81m	0.10% CA$ 661.5k
Jean-David Tardif	President & COO of Tissue Group	no data	CA$1.56m	0.015% CA$ 97.6k
Dominic Doré	Chief Supply Chain & Information Officer	14.3yrs	no data	0.043% CA$ 273.9k
Jennifer Aitken	Director of Investor Relations	no data	no data	no data
Robert Hall	Chief of Strategy & Legal Affairs	8.3yrs	CA$1.70m	0.32% CA$ 2.0m
Hugo D'Amours	Vice-President	11.3yrs	no data	0.014% CA$ 86.1k
Riko Gaudreault	Vice President of Corporate Development	4.7yrs	no data	0.017% CA$ 109.0k
Maryse Fernet	Chief Human Resources Officer	8.3yrs	no data	0.040% CA$ 251.2k

9.6yrs

Average Tenure

62yo

Average Age

Experienced Management: CS6's management team is seasoned and experienced (9.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Alain Lemaire	Co-Founder & Executive Chairman	57.3yrs	CA$1.47m	5.65% CA$ 35.7m
Mario Plourde	President	9.4yrs	CA$6.51m	0.35% CA$ 2.2m
Michelle Cormier	Independent Lead Director	7.8yrs	CA$252.50k	0.0089% CA$ 56.5k
Hubert Lacroix	Independent Director	4.9yrs	CA$193.50k	0.0099% CA$ 62.8k
Patrick Lemaire	Non-Independent Director	8.3yrs	CA$168.50k	2.63% CA$ 16.6m
Sylvie Lemaire	Non-Independent Director	25.3yrs	CA$168.50k	2.74% CA$ 17.3m
Nelson Gentiletti	Independent Director	4.5yrs	CA$189.50k	0.0084% CA$ 53.4k
Sylvie Vachon	Independent Director	10.9yrs	CA$193.50k	0.0040% CA$ 25.1k
Melanie Dunn	Independent Director	4.5yrs	CA$191.19k	no data
Elif Levesque	Independent Director	4.5yrs	CA$189.50k	0.0059% CA$ 37.1k
Alex Blanco	Independent Director	1.9yrs	CA$173.82k	no data

7.8yrs

Average Tenure

62yo

Average Age

Experienced Board: CS6's board of directors are considered experienced (7.8 years average tenure).

Cascades Management

Management criteria checks 2/4

Key information

Recent management updates

Cascades Inc., Annual General Meeting, May 09, 2024

Cascades Inc. Announces Directors Changes

Cascades Announces Board Changes

Insufficient new directors

Cascades Inc. Announces Executive Changes

Chief of Strategy recently sold €201k worth of stock

Recent updates

Cascades Inc. to Report Q1, 2024 Results on May 09, 2024

Cascades Inc., Annual General Meeting, May 09, 2024

Cascades Announces Launch of New Produce Basket Designs for the Produce Sector

Cascades Inc. to Report Q4, 2023 Results on Feb 22, 2024

Cascades Inc. Announces Directors Changes

Upcoming dividend of CA$0.12 per share at 4.0% yield

Cascades Inc. Declares Quarterly Dividend, Payable on December 7, 2023

Cascades Announces Board Changes

Insufficient new directors

Cascades Inc. to Report Q3, 2023 Results on Nov 09, 2023

Cascades Announces Complete Closure of Its St. Helens Plant

Upcoming dividend of CA$0.12 per share at 3.8% yield

Second quarter 2023 earnings released: EPS: CA$0.22 (vs CA$0.099 in 2Q 2022)

Cascades Inc. Announces Executive Changes

Cascades Inc. to Report Q2, 2023 Results on Aug 03, 2023

Upcoming dividend of CA$0.12 per share at 4.0% yield

Chief of Strategy recently sold €201k worth of stock

Cascades Inc. Declares Quarterly Dividend, Payable on June 8, 2023

First quarter 2023 earnings released: CA$0.75 loss per share (vs CA$0.15 loss in 1Q 2022)

Upcoming dividend of CA$0.12 per share at 4.5% yield

Full year 2022 earnings released: CA$0.34 loss per share (vs CA$0.71 loss in FY 2021)

Cascades Inc., Annual General Meeting, May 11, 2023

Cascades Inc. Launches New Eco-Friendly Packaging for Fresh Fruits and Vegetables

Cascades Inc. to Report Q4, 2022 Results on Feb 23, 2023

Cascades Inc. Declares Quarterly Dividend, Payable on December 8, 2022

Cascades Announces the Permanent Shutdown of the Corrugator At Its Belleville, Ontario Facility

Cascades Inc. to Report Q3, 2022 Results on Nov 10, 2022

Cascades Announces the Temporary Shutdown of One of Its Two Paper Machines At Its St. Helens, Oregon Tissue Facility

Co-Founder & Executive Chairman recently bought €333k worth of stock

President recently bought €59k worth of stock

Insider recently bought €76k worth of stock

Upcoming dividend of CA$0.12 per share

Second quarter 2022 earnings released: EPS: CA$0.099 (vs CA$0.059 in 2Q 2021)

Cascades Inc. Declares Quarterly Dividend, Payable on September 1, 2022

Cascades Inc. to Report Q2, 2022 Results on Aug 04, 2022

Cascades Launches an Innovative Isothermal Packaging Technology

Co-Founder & Executive Chairman recently bought €452k worth of stock

Cascades Inc. Approves Election of Alex N. Blanco as Director

First quarter 2022 earnings released: CA$0.15 loss per share (vs CA$0.14 profit in 1Q 2021)

Cascades Inc. Declares Quarterly Dividend for Common Share to Be Paid on June 9, 2022

Cascades Inc. to Report Q1, 2022 Results on May 12, 2022

Full year 2021 earnings released: CA$0.71 loss per share (vs CA$1.53 profit in FY 2020)

Cascades Inc. Appoints Alex N. Blanco as Director

Co-Founder & Executive Chairman recently bought €341k worth of stock

Upcoming dividend of CA$0.12 per share

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Cascades Inc. Reports Impairment Charges for the Fourth Quarter Ended December 31, 2021

Cascades Inc., Annual General Meeting, May 12, 2022

Upcoming dividend of CA$0.12 per share

Third quarter 2021 earnings released: EPS CA$0.069 (vs CA$0.52 in 3Q 2020)

Co-Founder & Executive Chairman recently sold €218k worth of stock

Cascades Launches 100% Recycled Plastic Packaging for Entire Cascades Fluff & Tuff® Line

Upcoming dividend of CA$0.12 per share

Second quarter 2021 earnings released: EPS CA$0.059 (vs CA$0.57 in 2Q 2020)

Apollo Global Management, Inc. (NYSE:APO) agreed to acquire a 57.6% stake in Reno De Medici S.p.A. (BIT:RM) from Cascades Inc. (TSX:CAS) for approximately €320 million.

Independent Director has left the company

Upcoming dividend of CA$0.08 per share

First quarter 2021 earnings released: EPS CA$0.19 (vs CA$0.23 in 1Q 2020)

Cascades Inc. Declares a Quarterly Dividend, Payable on June 3, 2021

Full year 2020 earnings released: EPS CA$2.06 (vs CA$0.73 in FY 2019)

New 90-day high: €10.80

Upcoming Dividend of CA$0.08 Per Share

Full year 2020 earnings released: EPS CA$2.06 (vs CA$0.73 in FY 2019)

Revenue beats expectations

Cascades Inc., Annual General Meeting, May 06, 2021

Cascades Inc. to Report Q4, 2020 Results on Feb 25, 2021

Cascades Inc. Announces the Closure of its Laval Plant

Enhance Your Facility’s Hygiene with Cascades Pro Tandem® Dispensers

Cascades Inc. to Report Q3, 2020 Results on Nov 12, 2020