Boralex Management
Management criteria checks 2/4
Boralex's CEO is Patrick Decostre, appointed in Dec 2020, has a tenure of 2.83 years. total yearly compensation is CA$1.80M, comprised of 30.3% salary and 69.7% bonuses, including company stock and options. directly owns 0.014% of the company’s shares, worth MX$5.45M. The average tenure of the management team and the board of directors is 1.8 years and 4.9 years respectively.
Key information
Patrick Decostre
Chief executive officer
CA$1.8m
Total compensation
| CEO salary percentage | 30.3% |
| CEO tenure | 2.8yrs |
| CEO ownership | 0.01% |
| Management average tenure | 1.8yrs |
| Board average tenure | 4.9yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2023 | n/a | n/a | CA$32m |
| Mar 31 2023 | n/a | n/a | CA$23m |
| Dec 31 2022 | CA$2m | CA$546k | CA$30m |
| Sep 30 2022 | n/a | n/a | CA$33m |
| Jun 30 2022 | n/a | n/a | CA$57m |
| Mar 31 2022 | n/a | n/a | CA$31m |
| Dec 31 2021 | CA$2m | CA$503k | CA$17m |
| Sep 30 2021 | n/a | n/a | CA$26m |
| Jun 30 2021 | n/a | n/a | CA$40m |
| Mar 31 2021 | n/a | n/a | CA$50m |
| Dec 31 2020 | CA$1m | CA$382k | CA$55m |
| Sep 30 2020 | n/a | n/a | CA$3m |
| Jun 30 2020 | n/a | n/a | -CA$20m |
| Mar 31 2020 | n/a | n/a | -CA$27m |
| Dec 31 2019 | CA$800k | CA$359k | -CA$39m |
| Sep 30 2019 | n/a | n/a | -CA$4m |
| Jun 30 2019 | n/a | n/a | -CA$6m |
| Mar 31 2019 | n/a | n/a | -CA$21m |
| Dec 31 2018 | CA$552k | CA$269k | -CA$30m |
| Sep 30 2018 | n/a | n/a | -CA$13m |
| Jun 30 2018 | n/a | n/a | CA$1m |
| Mar 31 2018 | n/a | n/a | CA$27m |
| Dec 31 2017 | CA$500k | CA$244k | CA$22m |
| Sep 30 2017 | n/a | n/a | -CA$10m |
| Jun 30 2017 | n/a | n/a | -CA$3m |
| Mar 31 2017 | n/a | n/a | -CA$8m |
| Dec 31 2016 | CA$478k | CA$241k | -CA$2m |
Compensation vs Market: Patrick's total compensation ($USD1.32M) is above average for companies of similar size in the MX market ($USD872.09K).
Compensation vs Earnings: Patrick's compensation has been consistent with company performance over the past year.
CEO
Patrick Decostre (50 yo)
2.8yrs
Tenure
CA$1,801,091
Compensation
Mr. Patrick Decostre serves as the President, Chief Executive Officer and Director of Boralex Inc. since December 1, 2020. He served as Chief Operating Officer of Boralex Inc. since July 2019 until Novembe...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.8yrs | CA$1.80m | 0.014% MX$ 5.5m | |
| CFO & EVP | 4.8yrs | CA$1.03m | 0.0081% MX$ 3.2m | |
| Executive VP & Chief Legal Officer | 6.3yrs | CA$905.47k | 0.0055% MX$ 2.2m | |
| Executive VP & GM of North America | less than a year | CA$691.52k | 0.011% MX$ 4.1m | |
| Executive VP & GM of Europe | 1.8yrs | CA$1.07m | 0.0058% MX$ 2.3m | |
| Senior Director of Investors Relations | 4.8yrs | no data | no data | |
| Senior Vice President of Marketing | less than a year | no data | 0.00064% MX$ 252.0k | |
| Executive VP and Chief People & Culture Officer | 1.8yrs | no data | 0.0060% MX$ 2.4m | |
| Senior Vice President of Development of North America | no data | no data | no data | |
| Senior Vice President of Asset Management of North America | no data | no data | no data | |
| Deputy Managing Director of Development Europe | less than a year | no data | no data | |
| Senior Vice President of Corporate Strategy & Business Performance | less than a year | no data | 0.00078% MX$ 307.2k |
1.8yrs
Average Tenure
Experienced Management: BLX N's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.8yrs | CA$1.80m | 0.014% MX$ 5.5m | |
| Director | 17.3yrs | CA$117.00k | 0.032% MX$ 12.8m | |
| Independent Director | 5.9yrs | CA$150.66k | 0.0029% MX$ 1.1m | |
| Independent Director | 1.4yrs | CA$87.68k | 0.00025% MX$ 98.4k | |
| Independent Chairman of the Board | 12.8yrs | CA$219.50k | 0.0049% MX$ 1.9m | |
| Independent Director | 2.4yrs | CA$141.66k | 0.0078% MX$ 3.1m | |
| Independent Director | 5.4yrs | CA$150.50k | no data | |
| Independent Director | 7.4yrs | CA$135.90k | 0.0015% MX$ 586.8k | |
| Independent Director | 4.4yrs | CA$145.50k | 0.0042% MX$ 1.6m | |
| Independent Director | 4.4yrs | CA$146.16k | 0.0041% MX$ 1.6m |
4.9yrs
Average Tenure
62yo
Average Age
Experienced Board: BLX N's board of directors are considered experienced (4.9 years average tenure).