Methanex Management
Management criteria checks 1/4
Methanex's CEO is Rich Sumner, appointed in Jan 2023, has a tenure of 1.33 years. total yearly compensation is $5.30M, comprised of 14.7% salary and 85.3% bonuses, including company stock and options. directly owns 0.047% of the company’s shares, worth €1.42M. The average tenure of the management team and the board of directors is 1.3 years and 5.3 years respectively.
Key information
Rich Sumner
Chief executive officer
US$5.3m
Total compensation
| CEO salary percentage | 14.7% |
| CEO tenure | 1.3yrs |
| CEO ownership | 0.05% |
| Management average tenure | 1.3yrs |
| Board average tenure | 5.3yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | US$167m |
| Dec 31 2023 | US$5m | US$777k | US$174m |
| Sep 30 2023 | n/a | n/a | US$182m |
| Jun 30 2023 | n/a | n/a | US$227m |
| Mar 31 2023 | n/a | n/a | US$295m |
| Dec 31 2022 | US$2m | US$367k | US$354m |
| Sep 30 2022 | n/a | n/a | US$513m |
| Jun 30 2022 | n/a | n/a | US$515m |
| Mar 31 2022 | n/a | n/a | US$496m |
| Dec 31 2021 | US$1m | US$334k | US$482m |
| Sep 30 2021 | n/a | n/a | US$255m |
| Jun 30 2021 | n/a | n/a | US$97m |
| Mar 31 2021 | n/a | n/a | -US$75m |
| Dec 31 2020 | US$1m | US$316k | -US$157m |
Compensation vs Market: Rich's total compensation ($USD5.30M) is above average for companies of similar size in the German market ($USD2.58M).
Compensation vs Earnings: Rich's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Rich Sumner (48 yo)
1.3yrs
Tenure
US$5,295,634
Compensation
Mr. Richard W. Sumner, also known as Rich, serves as President, CEO & Director at Methanex Corporation since January 1, 2023. He served as Senior Vice President of Global Marketing & Logistics for Methanex...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.3yrs | US$5.30m | 0.047% $ 1.4m | |
| Senior VP of Finance & Chief Financial Officer | 1.3yrs | US$1.85m | 0.036% $ 1.1m | |
| Senior Vice President of Global Marketing & Logistics | 1.3yrs | US$1.74m | 0.0050% $ 150.0k | |
| Senior Vice President of Corporate Resources | 6.3yrs | US$1.51m | 0.061% $ 1.8m | |
| Senior Vice President of Manufacturing | 1.3yrs | US$1.80m | 0.035% $ 1.1m | |
| Director of Investor Relations | no data | no data | no data | |
| Senior VP | no data | no data | 0.022% $ 669.1k | |
| Senior Vice President of Corporate Development | 1.3yrs | no data | 0.025% $ 745.6k | |
| Senior Vice President of Low Carbon Solutions | 1.3yrs | no data | 0.022% $ 671.8k | |
| Plant Manager | no data | no data | 0.025% $ 746.2k |
1.3yrs
Average Tenure
Experienced Management: MX5's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.3yrs | US$5.30m | 0.047% $ 1.4m | |
| Independent Director | 4.1yrs | US$214.62k | 0.016% $ 491.4k | |
| Independent Director | 15.7yrs | US$229.16k | 0.040% $ 1.2m | |
| Independent Director | 8.3yrs | US$245.98k | 0.0089% $ 268.0k | |
| Independent Director | 5.6yrs | US$242.71k | 0.035% $ 1.1m | |
| Independent Director | 5.9yrs | US$222.07k | 0.039% $ 1.2m | |
| Independent Director | 5.1yrs | US$221.61k | 0.019% $ 573.1k | |
| Independent Chairman of the Board | 7.6yrs | US$376.55k | 0.0013% $ 40.4k | |
| Independent Director | 9.1yrs | US$217.46k | 0.014% $ 424.6k | |
| Independent Director | 4.8yrs | US$217.30k | 0.0089% $ 268.0k | |
| Director | less than a year | US$50.94k | no data | |
| Independent Director | 2.3yrs | US$204.80k | 0.0010% $ 31.3k |
5.3yrs
Average Tenure
63yo
Average Age
Experienced Board: MX5's board of directors are considered experienced (5.3 years average tenure).