MEG Energy Management
Management criteria checks 2/4
MEG Energy's CEO is Derek Evans, appointed in Aug 2018, has a tenure of 4.67 years. total yearly compensation is CA$4.69M, comprised of 13.1% salary and 86.9% bonuses, including company stock and options. directly owns 0.29% of the company’s shares, worth MX$242.27M. The average tenure of the management team and the board of directors is 1.6 years and 4.7 years respectively.
Key information
Derek Evans
Chief executive officer
CA$4.7m
Total compensation
| CEO salary percentage | 13.1% |
| CEO tenure | 4.7yrs |
| CEO ownership | 0.3% |
| Management average tenure | 1.6yrs |
| Board average tenure | 4.7yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2022 | CA$5m | CA$616k | CA$902m |
| Sep 30 2022 | n/a | n/a | CA$921m |
| Jun 30 2022 | n/a | n/a | CA$819m |
| Mar 31 2022 | n/a | n/a | CA$662m |
| Dec 31 2021 | CA$4m | CA$600k | CA$283m |
| Sep 30 2021 | n/a | n/a | CA$121m |
| Jun 30 2021 | n/a | n/a | CA$58m |
| Mar 31 2021 | n/a | n/a | -CA$90m |
| Dec 31 2020 | CA$4m | CA$525k | -CA$357m |
| Sep 30 2020 | n/a | n/a | -CA$348m |
| Jun 30 2020 | n/a | n/a | -CA$315m |
| Mar 31 2020 | n/a | n/a | -CA$298m |
| Dec 31 2019 | CA$4m | CA$600k | -CA$62m |
| Sep 30 2019 | n/a | n/a | -CA$286m |
| Jun 30 2019 | n/a | n/a | -CA$192m |
| Mar 31 2019 | n/a | n/a | -CA$308m |
| Dec 31 2018 | CA$3m | CA$234k | -CA$119m |
Compensation vs Market: Derek's total compensation ($USD3.46M) is above average for companies of similar size in the MX market ($USD1.61M).
Compensation vs Earnings: Derek's compensation has been consistent with company performance over the past year.
CEO
Derek Evans (65 yo)
4.7yrs
Tenure
CA$4,690,393
Compensation
Mr. Derek W. Evans, B.Sc, has been the President, Chief Executive Officer and Director at MEG Energy Corporation since August 10, 2018. Mr. Evans has been an Independent Director of Franco-Nevada Corporati...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 4.7yrs | CA$4.69m | 0.29% MX$ 242.3m | |
| Chief Financial Officer | less than a year | CA$2.28m | 0.0016% MX$ 1.3m | |
| Chief Operating Officer | 1.6yrs | CA$2.32m | 0.011% MX$ 8.9m | |
| Senior VP of Legal | 3.3yrs | CA$1.48m | 0.038% MX$ 31.6m | |
| Vice President of Operations | less than a year | CA$1.31m | no data | |
| Director of Investor Relations | no data | no data | no data | |
| Senior Vice President of Human Resources | no data | no data | 0.022% MX$ 17.8m |
1.6yrs
Average Tenure
Experienced Management: MEG N's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 4.7yrs | CA$4.69m | 0.29% MX$ 242.3m | |
| Independent Director | 12.6yrs | CA$227.00k | 0.0061% MX$ 5.0m | |
| Independent Director | 12.8yrs | CA$223.00k | 0.0014% MX$ 1.1m | |
| Independent Director | 9.1yrs | CA$214.00k | 0.24% MX$ 199.6m | |
| Independent Chairman | 3.8yrs | CA$315.00k | 0.051% MX$ 42.1m | |
| Independent Director | 2.8yrs | CA$221.33k | 0.014% MX$ 11.5m | |
| Independent Director | 7.5yrs | CA$222.00k | 0.014% MX$ 11.4m | |
| Independent Director | less than a year | CA$139.50k | 0.00016% MX$ 132.1k | |
| Independent Director | less than a year | CA$177.17k | 0.0071% MX$ 5.9m |
4.7yrs
Average Tenure
65yo
Average Age
Experienced Board: MEG N's board of directors are considered experienced (4.7 years average tenure).