Bank of Montreal Management

Management criteria checks 3/4

Bank of Montreal's CEO is William White, appointed in Nov 2017, has a tenure of 6.83 years. total yearly compensation is CA$12.54M, comprised of 8.8% salary and 91.2% bonuses, including company stock and options. directly owns 0.006% of the company’s shares, worth MX$82.36M. The average tenure of the management team and the board of directors is 5.6 years and 8.4 years respectively.

Key information

William White

Chief executive officer

CA$12.5m

Total compensation

CEO salary percentage	8.8%
CEO tenure	6.8yrs
CEO ownership	0.006%
Management average tenure	5.6yrs
Board average tenure	8.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has William White's remuneration changed compared to Bank of Montreal's earnings?
Date	Total Compensation	Salary	Company Earnings
Jul 31 2024	n/a	n/a	CA$6b
Apr 30 2024	n/a	n/a	CA$6b
Jan 31 2024	n/a	n/a	CA$5b
Oct 31 2023	CA$13m	CA$1m	CA$4b
Jul 31 2023	n/a	n/a	CA$7b
Apr 30 2023	n/a	n/a	CA$7b
Jan 31 2023	n/a	n/a	CA$11b
Oct 31 2022	CA$14m	CA$1m	CA$13b
Jul 31 2022	n/a	n/a	CA$11b
Apr 30 2022	n/a	n/a	CA$12b
Jan 31 2022	n/a	n/a	CA$8b
Oct 31 2021	CA$15m	CA$1m	CA$8b
Jul 31 2021	n/a	n/a	CA$7b
Apr 30 2021	n/a	n/a	CA$6b
Jan 31 2021	n/a	n/a	CA$5b
Oct 31 2020	CA$11m	CA$1m	CA$5b
Jul 31 2020	n/a	n/a	CA$4b
Apr 30 2020	n/a	n/a	CA$5b
Jan 31 2020	n/a	n/a	CA$6b
Oct 31 2019	CA$11m	CA$1m	CA$6b
Jul 31 2019	n/a	n/a	CA$6b
Apr 30 2019	n/a	n/a	CA$6b
Jan 31 2019	n/a	n/a	CA$6b
Oct 31 2018	CA$10m	CA$1m	CA$5b
Jul 31 2018	n/a	n/a	CA$5b
Apr 30 2018	n/a	n/a	CA$5b
Jan 31 2018	n/a	n/a	CA$5b
Oct 31 2017	CA$8m	CA$750k	CA$5b

Compensation vs Market: William's total compensation ($USD9.28M) is above average for companies of similar size in the MX market ($USD5.71M).

Compensation vs Earnings: William's compensation has been consistent with company performance over the past year.

CEO

William White (52 yo)

6.8yrs

Tenure

CA$12,537,786

Compensation

Mr. William Darryl White is Chief Executive Officer of Bank of Montreal in November 1, 2017. He serves as a Director of Bank of Montreal since May 24, 2017, as well as its U.S. subsidiary, BMO Financial Co...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
William White	CEO & Director	6.8yrs	CA$12.54m	0.0063% CA$ 82.4m
Tayfun Tuzun	Chief Financial Officer	3.7yrs	CA$3.93m	no data
Steve Tennyson	Chief Technology & Operations Officer	5.8yrs	CA$4.77m	0.0035% CA$ 45.2m
Erminia Johannson	Group Head of North American Personal & Business Banking	6.6yrs	CA$5.32m	0.0028% CA$ 36.0m
Christine Viau	Head of Investor Relations	no data	no data	no data
Sharon Haward-Laird	General Counsel	3.7yrs	no data	0.00083% CA$ 10.8m
Kimberley Goode	Chief Communications & Social Impact Officer	3.1yrs	no data	no data
Catherine Roche	Chief Marketing Officer	no data	no data	no data
Mona Malone	Chief Human Resources Officer and Head of People	5.3yrs	no data	0.00024% CA$ 3.1m
Richard Rudderham	Head of Business Tech. Integration & Interim Head of Ent. Initiatives	5.3yrs	no data	no data
Michael Bonner	Senior VP and Regional Head of BC & Yukon	10.6yrs	no data	no data
Carolyn Booth	Head of Distribution of U.S. Personal & Business Banking - BMO Harris Bank	8.8yrs	no data	no data

5.6yrs

Average Tenure

Experienced Management: BMO N's management team is seasoned and experienced (5.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
William White	CEO & Director	7.3yrs	CA$12.54m	0.0063% CA$ 82.4m
George Cope	Independent Chairman of the Board	18.2yrs	CA$706.85k	0.011% CA$ 142.8m
Christine Edwards	Independent Director	14.1yrs	CA$594.61k	0.00046% CA$ 6.0m
Stephen Dent	Independent Director	3.4yrs	CA$250.00k	0.0034% CA$ 44.6m
David Harquail	Independent Director	6.4yrs	CA$265.00k	0.0025% CA$ 32.3m
Eric La Fleche	Independent Director	12.5yrs	CA$250.00k	0.00096% CA$ 12.5m
Madhu Ranganathan	Independent Director	3.4yrs	CA$270.00k	0.000050% CA$ 649.6k
Lorraine Mitchelmore	Independent Director	9.5yrs	CA$355.00k	0.000080% CA$ 1.0m
Craig Broderick	Independent Director	6.1yrs	CA$348.05k	0.00069% CA$ 9.0m
Martin Eichenbaum	Independent Director	9.5yrs	CA$285.00k	0.00024% CA$ 3.1m
Janice Babiak	Independent Director	11.9yrs	CA$340.00k	0.000070% CA$ 909.4k
Hazel Claxton	Independent Director	1.1yrs	CA$42.80k	no data

8.4yrs

Average Tenure

63yo

Average Age

Experienced Board: BMO N's board of directors are considered experienced (8.4 years average tenure).

Bank of Montreal Management

Management criteria checks 3/4

Key information

Recent management updates

Chief Technology & Operations Officer recently sold Mex$13m worth of stock

BMO Financial Group Announces Executive Changes

Bank of Montreal Appoints Hazel Claxton to Its Board of Directors

Bank of Montreal, Annual General Meeting, Apr 16, 2024

BMO Financial Group Appoints Nadim Hirji as Group Head, BMO Commercial Banking, Effective March 1, 2023

BMO Financial Group Appoints Viviane Croux as Head, Corporate Finance, Quebec

Recent updates

Chief Technology & Operations Officer recently sold Mex$13m worth of stock

Third quarter dividend of CA$1.55 announced

Bmo Financial Group Declares Quarterly Dividends on Common Shares, Payable on November 26, 2024

Bank of Montreal(TSX:BMO.PRT) dropped from S&P/TSX Preferred Share Index

BMO Financial Group Launches Enhanced Premium Rewards Credit Card with Mastercard to Help Customers Make Real Financial Progress

Bank of Montreal Declares Dividend for the Third Quarter of Fiscal Year 2024, Payable on August 27, 2024

Bank of Montreal(TSX:BMO.PRS) dropped from S&P/TSX Preferred Share Index

BMO Launches Greener Future Financing Program to Help U.S. Businesses Build Climate Resilient Operations

Bank of Montreal Declares Dividend on Common Shares, Payable on May 28, 2024

Bank of Montreal Increases Common Share Dividend, Payable on February 27, 2024

Bank of Montreal Is Reportedly Exploring Sale of RV Loan Portfolio

BMO Financial Group Announces Executive Changes

Bank of Montreal to Report Q1, 2024 Results on Feb 27, 2024

Bank of Montreal Appoints Hazel Claxton to Its Board of Directors

Bank of Montreal, Annual General Meeting, Apr 16, 2024

Abu Dhabi Developmental Holding Company PJSC and Bank of Montreal entered into definitive agreements to acquire an unknown minority stake in Sagard and Great-West Lifeco Inc. has agreed to increase its existing minority stake.

Bank of Montreal Declares Quarterly Dividend for the Third Quarter of Fiscal Year 2023, Payable on August 28, 2023

BMO Financial Group Appoints Nadim Hirji as Group Head, BMO Commercial Banking, Effective March 1, 2023

BMO Rolls Out Its Enhanced BMO Harris Business Platinum Rewards Mastercard

Bank of Montreal to Report Q3, 2023 Results on Aug 29, 2023

Bank of Montreal to Report Q4, 2022 Results on Dec 01, 2022

Platform Business and IFA Business of Convoy Global Holdings Limited completed the acquisition of AGBA Acquisition Limited (NasdaqCM:AGBA) from Agba Holding Limited and others in a reverse merger transaction.

BMO Financial Group Appoints Viviane Croux as Head, Corporate Finance, Quebec

E la Carte, Inc. (Presto) completed the acquisition of Ventoux CCM Acquisition Corp. (NasdaqCM:VTAQ) from a group of sellers in a reverse merger transaction.

Bank of Montreal Declares Quarterly Dividend on Common Shares for the Fourth Quarter of Fiscal Year 2022, Payable on November 28, 2022

Bank of Montreal to Report Q3, 2022 Results on Aug 30, 2022

Upcoming dividend of CA$1.39 per share

Bank of Montreal (TSX:BMO) entered into a definitive agreement to acquire Radicle Group Inc.

Independent Director recently bought Mex$704k worth of stock

Independent Director recently bought Mex$704k worth of stock

Independent Director recently bought Mex$704k worth of stock

Bank of Montreal Announces Executive Changes

Bank of Montreal Announces Management Changes

Second quarter 2022 earnings released: EPS: CA$7.15 (vs CA$1.91 in 2Q 2021)

Bank of Montreal Announces Quarterly Dividend for the Third Quarter of Fiscal Year 2022, Payable on August 26, 2022

Comera Life Sciences, Inc. completed the acquisition of OTR Acquisition Corp. (NasdaqCM:OTRA) from OTR Acquisition Sponsor LLC, Karpus Management Inc, Polar Asset Management Partners Inc., Hudson Bay Capital Management LP and others in a reverse merger transaction.

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age