Tourmaline Oil Management
Management criteria checks 4/4
Tourmaline Oil's CEO is Mike Rose, appointed in Aug 2008, has a tenure of 15.83 years. total yearly compensation is CA$5.68M, comprised of 10.6% salary and 89.4% bonuses, including company stock and options. directly owns 4.46% of the company’s shares, worth MX$13.39B. The average tenure of the management team and the board of directors is 6.8 years and 12.3 years respectively.
Key information
Mike Rose
Chief executive officer
CA$5.7m
Total compensation
| CEO salary percentage | 10.6% |
| CEO tenure | 15.8yrs |
| CEO ownership | 4.5% |
| Management average tenure | 6.8yrs |
| Board average tenure | 12.3yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | CA$2b |
| Dec 31 2023 | CA$6m | CA$600k | CA$2b |
| Sep 30 2023 | n/a | n/a | CA$1b |
| Jun 30 2023 | n/a | n/a | CA$3b |
| Mar 31 2023 | n/a | n/a | CA$4b |
| Dec 31 2022 | CA$5m | CA$600k | CA$4b |
| Sep 30 2022 | n/a | n/a | CA$6b |
| Jun 30 2022 | n/a | n/a | CA$4b |
| Mar 31 2022 | n/a | n/a | CA$2b |
| Dec 31 2021 | CA$6m | CA$600k | CA$2b |
| Sep 30 2021 | n/a | n/a | CA$2b |
| Jun 30 2021 | n/a | n/a | CA$1b |
| Mar 31 2021 | n/a | n/a | CA$902m |
| Dec 31 2020 | CA$5m | CA$600k | CA$618m |
| Sep 30 2020 | n/a | n/a | CA$50m |
| Jun 30 2020 | n/a | n/a | CA$61m |
| Mar 31 2020 | n/a | n/a | CA$196m |
| Dec 31 2019 | CA$3m | CA$600k | CA$320m |
| Sep 30 2019 | n/a | n/a | CA$449m |
| Jun 30 2019 | n/a | n/a | CA$489m |
| Mar 31 2019 | n/a | n/a | CA$360m |
| Dec 31 2018 | CA$3m | CA$600k | CA$401m |
| Sep 30 2018 | n/a | n/a | CA$299m |
| Jun 30 2018 | n/a | n/a | CA$294m |
| Mar 31 2018 | n/a | n/a | CA$377m |
| Dec 31 2017 | CA$3m | CA$450k | CA$347m |
Compensation vs Market: Mike's total compensation ($USD4.16M) is about average for companies of similar size in the MX market ($USD5.93M).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
CEO
Mike Rose (66 yo)
15.8yrs
Tenure
CA$5,684,223
Compensation
Mr. Michael L. Rose, also known as Mike, P.Geol., founded Tourmaline Oil Corp. in August 2008 and has been its Chief Executive Officer and President since then. Mr. Rose served as Chief Executive Officer a...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board | 15.8yrs | CA$5.68m | 4.46% CA$ 13.4b | |
| CFO & Non-Independent Director | 15.8yrs | CA$3.26m | 0.36% CA$ 1.1b | |
| Chief Operating Officer | less than a year | CA$2.86m | 0.029% CA$ 86.6m | |
| Vice President of Marketing | 6.8yrs | CA$2.66m | 0.016% CA$ 47.6m | |
| Vice President of Exploration | 4.6yrs | CA$2.12m | 0.012% CA$ 36.3m | |
| Chief Legal Officer & External Affairs | 15.8yrs | no data | no data | |
| General Counsel & Corporate Secretary | 3.3yrs | no data | no data |
6.8yrs
Average Tenure
Experienced Management: TOU N's management team is seasoned and experienced (6.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board | 15.8yrs | CA$5.68m | 4.46% CA$ 13.4b | |
| CFO & Non-Independent Director | 15.8yrs | CA$3.26m | 0.36% CA$ 1.1b | |
| Independent Director | 13.3yrs | CA$190.67k | 0.0035% CA$ 10.6m | |
| Independent Director | 11.3yrs | CA$190.67k | 0.0055% CA$ 16.4m | |
| Independent Director | 8.6yrs | CA$190.67k | 0.014% CA$ 42.8m | |
| Independent Director | 15.7yrs | CA$190.67k | 0.12% CA$ 367.1m | |
| Independent Director | less than a year | CA$112.34k | 0.0013% CA$ 3.8m | |
| Lead Independent Director | 13.3yrs | CA$190.67k | 0.021% CA$ 64.5m | |
| Independent Director | 4yrs | CA$190.67k | 0.0034% CA$ 10.1m | |
| Independent Director | 7yrs | CA$190.67k | 0.0043% CA$ 12.9m |
12.3yrs
Average Tenure
65yo
Average Age
Experienced Board: TOU N's board of directors are seasoned and experienced ( 12.3 years average tenure).