i3 Energy Management

Management criteria checks 2/4

i3 Energy's CEO is Majid Shafiq, appointed in Oct 2018, has a tenure of 5.58 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 £1.08M. The average tenure of the management team and the board of directors is 2.3 years and 5.8 years respectively.

Key information

Majid Shafiq

Chief executive officer

UK£4.8m

Total compensation

CEO salary percentage10.1%
CEO tenure5.6yrs
CEO ownership0.8%
Management average tenure2.3yrs
Board average tenure5.8yrs

Recent management updates

Recent updates

i3 Energy (LON:I3E) Is Experiencing Growth In Returns On Capital

Apr 27
i3 Energy (LON:I3E) Is Experiencing Growth In Returns On Capital

Investors Will Want i3 Energy's (LON:I3E) Growth In ROCE To Persist

Nov 11
Investors Will Want i3 Energy's (LON:I3E) Growth In ROCE To Persist

We Think i3 Energy (LON:I3E) Is Taking Some Risk With Its Debt

Sep 29
We Think i3 Energy (LON:I3E) Is Taking Some Risk With Its Debt

If EPS Growth Is Important To You, i3 Energy (LON:I3E) Presents An Opportunity

Aug 19
If EPS Growth Is Important To You, i3 Energy (LON:I3E) Presents An Opportunity

Does i3 Energy (LON:I3E) Have A Healthy Balance Sheet?

Jun 30
Does i3 Energy (LON:I3E) Have A Healthy Balance Sheet?

Is Now The Time To Put i3 Energy (LON:I3E) On Your Watchlist?

Apr 04
Is Now The Time To Put i3 Energy (LON:I3E) On Your Watchlist?

If EPS Growth Is Important To You, i3 Energy (LON:I3E) Presents An Opportunity

Dec 23
If EPS Growth Is Important To You, i3 Energy (LON:I3E) Presents An Opportunity

i3 Energy (LON:I3E) Is Due To Pay A Dividend Of £0.0014

Oct 09
i3 Energy (LON:I3E) Is Due To Pay A Dividend Of £0.0014

Is i3 Energy (LON:I3E) Using Too Much Debt?

Oct 02
Is i3 Energy (LON:I3E) Using Too Much Debt?

Does i3 Energy (LON:I3E) Have A Healthy Balance Sheet?

Jun 19
Does i3 Energy (LON:I3E) Have A Healthy Balance Sheet?

Improved Earnings Required Before i3 Energy Plc (LON:I3E) Stock's 52% Jump Looks Justified

Apr 15
Improved Earnings Required Before i3 Energy Plc (LON:I3E) Stock's 52% Jump Looks Justified

Why i3 Energy's (LON:I3E) Healthy Earnings Aren’t As Good As They Seem

Jun 08
Why i3 Energy's (LON:I3E) Healthy Earnings Aren’t As Good As They Seem

What Kind Of Shareholders Hold The Majority In i3 Energy Plc's (LON:I3E) Shares?

Mar 17
What Kind Of Shareholders Hold The Majority In i3 Energy Plc's (LON:I3E) Shares?

CEO Compensation Analysis

How has Majid Shafiq's remuneration changed compared to i3 Energy's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2023n/an/a

UK£15m

Sep 30 2023n/an/a

UK£27m

Jun 30 2023n/an/a

UK£38m

Mar 31 2023n/an/a

UK£40m

Dec 31 2022UK£5mUK£487k

UK£42m

Sep 30 2022n/an/a

UK£44m

Jun 30 2022n/an/a

UK£47m

Mar 31 2022n/an/a

UK£36m

Dec 31 2021UK£1mUK£384k

UK£25m

Sep 30 2021n/an/a

UK£18m

Jun 30 2021n/an/a

UK£11m

Mar 31 2021n/an/a

UK£12m

Dec 31 2020UK£702kUK£313k

UK£12m

Sep 30 2020n/an/a

-UK£691k

Jun 30 2020n/an/a

-UK£13m

Mar 31 2020n/an/a

-UK£12m

Dec 31 2019UK£590kUK£271k

-UK£11m

Sep 30 2019n/an/a

-UK£8m

Jun 30 2019n/an/a

-UK£6m

Mar 31 2019n/an/a

-UK£4m

Dec 31 2018UK£278kUK£58k

-UK£2m

Sep 30 2018n/an/a

-UK£2m

Jun 30 2018n/an/a

-UK£1m

Mar 31 2018n/an/a

-UK£2m

Dec 31 2017UK£62kn/a

-UK£3m

Compensation vs Market: Majid's total compensation ($USD6.03M) is above average for companies of similar size in the UK market ($USD775.47K).

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)

5.6yrs

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

NamePositionTenureCompensationOwnership
Majid Shafiq
CEO & Executive Director5.6yrsUK£4.83m0.84%
£ 1.1m
Ryan J. Heath
President of Canada & Executive Directorno dataUK£11.49m0.71%
£ 909.5k
Jason Dranchuk
Chief Financial Officer1.1yrsno data0.017%
£ 21.4k
Tim Stephenson
Vice President of Corporate Development2.3yrsno datano data
Mark Hadley
Vice President of Exploration2.3yrsno datano data
John Woods
Chief Operating Officer of i3 Energy North Sea Limited5.6yrsno datano data
Ian Schafer
Chief Operating Officer of i3 Energy Canada Ltdno datano datano data

2.3yrs

Average Tenure

Experienced Management: I3E's management team is considered experienced (2.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Majid Shafiq
CEO & Executive Director6.8yrsUK£4.83m0.84%
£ 1.1m
Ryan J. Heath
President of Canada & Executive Director1.4yrsUK£11.49m0.71%
£ 909.5k
John Festival
Independent Non-Executive Chairman3.4yrsUK£304.00k0.26%
£ 329.4k
Neill Carson
Independent Non-Executive Director7.2yrsUK£295.00k0.64%
£ 821.8k
Richard Ames
Independent Non-Executive Director6.8yrsUK£295.00k0.13%
£ 165.1k
Linda Beal
Independent Non-Executive Director4.7yrsUK£223.00k0.11%
£ 139.9k

5.8yrs

Average Tenure

62yo

Average Age

Experienced Board: I3E's board of directors are considered experienced (5.8 years average tenure).


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