Empire Management

Management criteria checks 3/4

Empire's CEO is Mike Medline, appointed in Jan 2017, has a tenure of 6.25 years. total yearly compensation is CA$8.65M, comprised of 14.7% salary and 85.3% bonuses, including company stock and options. directly owns 0.049% of the company’s shares, worth MX$61.26M. The average tenure of the management team and the board of directors is 3.9 years and 10.8 years respectively.

Key information

Mike Medline

Chief executive officer

CA$8.7m

Total compensation

CEO salary percentage	14.7%
CEO tenure	6.3yrs
CEO ownership	0.05%
Management average tenure	3.9yrs
Board average tenure	10.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mike Medline's remuneration changed compared to Empire's earnings?
Date	Total Compensation	Salary	Company Earnings
Feb 04 2023	n/a	n/a	CA$682m
Nov 05 2022	n/a	n/a	CA$759m
Aug 06 2022	n/a	n/a	CA$745m
May 07 2022	CA$9m	CA$1m	CA$746m
Jan 29 2022	n/a	n/a	CA$739m
Oct 30 2021	n/a	n/a	CA$712m
Jul 31 2021	n/a	n/a	CA$698m
May 01 2021	CA$7m	CA$1m	CA$702m
Jan 30 2021	n/a	n/a	CA$707m
Oct 31 2020	n/a	n/a	CA$652m
Aug 01 2020	n/a	n/a	CA$645m
May 02 2020	CA$13m	CA$1m	CA$584m
Feb 01 2020	n/a	n/a	CA$528m
Nov 02 2019	n/a	n/a	CA$473m
Aug 03 2019	n/a	n/a	CA$422m
May 04 2019	CA$5m	CA$1m	CA$387m
Feb 02 2019	n/a	n/a	CA$336m
Nov 03 2018	n/a	n/a	CA$329m
Aug 04 2018	n/a	n/a	CA$201m
May 05 2018	CA$6m	CA$900k	CA$160m
Feb 03 2018	n/a	n/a	CA$118m
Nov 04 2017	n/a	n/a	CA$90m
Aug 05 2017	n/a	n/a	CA$147m
May 06 2017	CA$2m	CA$280k	CA$159m

Compensation vs Market: Mike's total compensation ($USD6.38M) is above average for companies of similar size in the MX market ($USD2.75M).

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

CEO

Mike Medline (59 yo)

6.3yrs

Tenure

CA$8,651,285

Compensation

Mr. Michael Bennett Medline, also known as Mike, has been the Chief Executive Officer and President of Empire Company Limited since January 12, 2017. Mr. Medline has been Chief Executive Officer and Presid...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Michael Medline	President	6.3yrs	CA$8.65m	0.049% CA$ 61.3m
Matt Reindel	Executive VP & CFO	1.5yrs	CA$1.82m	0.0013% CA$ 1.6m
Pierre St-Laurent	Executive VP & COO	3.9yrs	CA$3.67m	0.0051% CA$ 6.4m
Simon Gagné	Executive VP & Chief Human Resources Officer	no data	CA$2.11m	no data
Vivek Sood	Executive Vice President of Related Businesses	no data	CA$1.49m	0.00067% CA$ 830.7k
Katie Brine	Director of Investor Relations	no data	no data	no data
Douglas Nathanson	Executive VP	no data	no data	0.0072% CA$ 8.9m
Jacquelin Weatherbee	Vice President of Communications & Corporate Affairs	no data	no data	no data
Sandra Sanderson	Senior Vice President of Marketing	no data	no data	0.0019% CA$ 2.3m
Mohit Grover	Senior Vice President of Innovation	no data	no data	no data
Sarah Joyce	Senior Vice President of E-commerce	no data	no data	no data
John Morrow	VP & Comptroller	no data	no data	no data

3.9yrs

Average Tenure

Experienced Management: EMPA1 N's management team is considered experienced (3.9 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Michael Medline	President	6.1yrs	CA$8.65m	0.049% CA$ 61.3m
Susan Lee	Independent Director	9.3yrs	CA$220.00k	0.0025% CA$ 3.1m
Martine Turcotte	Independent Director	11.3yrs	CA$240.00k	0.0045% CA$ 5.5m
William Linton	Independent Director	8.3yrs	CA$250.00k	0.0067% CA$ 8.3m
Robert G. Sobey	Independent Director	25.3yrs	CA$225.00k	0.0029% CA$ 3.6m
Paul Sobey	Independent Director	30.3yrs	CA$220.00k	no data
Frank Sobey	Independent Director	16.3yrs	CA$220.00k	0.53% CA$ 661.2m
Karl Sobey	Independent Director	22.3yrs	CA$220.00k	no data
James Dickson	Independent Chairman	7.6yrs	CA$450.00k	0.0087% CA$ 10.7m
John Sobey	Independent Director	44.3yrs	CA$220.00k	no data
Cynthia Devine	Independent Director	10.3yrs	CA$235.87k	0.0012% CA$ 1.5m
Sharon Driscoll	Independent Director	5.3yrs	CA$239.14k	no data

10.8yrs

Average Tenure

64.5yo

Average Age

Experienced Board: EMPA1 N's board of directors are seasoned and experienced ( 10.8 years average tenure).

Empire Management

Management criteria checks 3/4

Key information

Recent management updates

Empire Company Limited, Annual General Meeting, Mar 14, 2024

Empire Company Limited Appoints Clinton Keay as Senior Vice President, Corporate Finance

President recently bought Mex$4.9m worth of stock

Recent updates

Empire Company Limited to Report Q4, 2025 Results on Jun 19, 2025

Empire Company Limited to Report Q2, 2025 Results on Dec 12, 2024

Empire Company Limited Declares Quarterly Dividend on Both the Class A Shares and the Class B Common Shares, Payable on April 30, 2024

Empire Company Limited, Annual General Meeting, Mar 14, 2024

Empire Company Limited Appoints Clinton Keay as Senior Vice President, Corporate Finance

Empire Company Limited Declares Quarterly Dividend on Both the Non-Voting Class A Shares and the Class B Common Shares, Payable on January 15, 2024

Empire Company Limited Declares Quarterly Dividend on Both the Non-Voting Class A Shares and the Class B Common Shares, Payable on October 31, 2023

Empire Company Limited to Report Q2, 2024 Results on Dec 14, 2023

Empire Company Limited Declares Quarterly Dividend on Both the Non-Voting Class A Shares and the Class B Common Shares, Payable on July 31, 2023

Empire Company Limited to Report Q1, 2024 Results on Sep 14, 2023

Empire Company Limited Declares Quarterly Dividend, Payable on January 31, 2023

Canadian Mobility Services Limited entered into definitive agreement to acquire 56 retail fuel sites in Western Canada from Empire Company Limited (TSX:EMP.A) for approximately CAD 100 million.

Empire Company Limited Declares Quarterly Dividend, Payable on October 31, 2022

Upcoming dividend of CA$0.17 per share

Empire Company Limited to Report Fiscal Year 2022 Results on Jul 29, 2022

Full year 2022 earnings released: EPS: CA$2.84 (vs CA$2.61 in FY 2021)

Upcoming dividend of CA$0.15 per share

Empire Company Limited to Report Q3, 2023 Results on Mar 16, 2023

Third quarter 2022 earnings: Revenues in line with analyst expectations

President recently bought Mex$4.9m worth of stock

Second quarter 2022 earnings: Revenues in line with analyst expectations

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age