Fortis Management
Management criteria checks 3/4
Fortis' CEO is Dave Hutchens, appointed in Jan 2021, has a tenure of 4.67 years. total yearly compensation is CA$15.72M, comprised of 10.9% salary and 89.1% bonuses, including company stock and options. directly owns 0.028% of the company’s shares, worth MX$125.65M. The average tenure of the management team and the board of directors is 4.2 years and 7.8 years respectively.
Key information
Dave Hutchens
Chief executive officer
CA$15.7m
Total compensation
| CEO salary percentage | 10.90% |
| CEO tenure | 4.7yrs |
| CEO ownership | 0.03% |
| Management average tenure | 4.2yrs |
| Board average tenure | 7.8yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2025 | n/a | n/a | CA$2b |
| Mar 31 2025 | n/a | n/a | CA$2b |
| Dec 31 2024 | CA$16m | CA$2m | CA$2b |
| Sep 30 2024 | n/a | n/a | CA$2b |
| Jun 30 2024 | n/a | n/a | CA$2b |
| Mar 31 2024 | n/a | n/a | CA$2b |
| Dec 31 2023 | CA$14m | CA$2m | CA$2b |
| Sep 30 2023 | n/a | n/a | CA$1b |
| Jun 30 2023 | n/a | n/a | CA$1b |
| Mar 31 2023 | n/a | n/a | CA$1b |
| Dec 31 2022 | CA$12m | CA$2m | CA$1b |
| Sep 30 2022 | n/a | n/a | CA$1b |
| Jun 30 2022 | n/a | n/a | CA$1b |
| Mar 31 2022 | n/a | n/a | CA$1b |
| Dec 31 2021 | CA$9m | CA$1m | CA$1b |
| Sep 30 2021 | n/a | n/a | CA$1b |
| Jun 30 2021 | n/a | n/a | CA$1b |
| Mar 31 2021 | n/a | n/a | CA$1b |
| Dec 31 2020 | CA$7m | CA$1m | CA$1b |
| Sep 30 2020 | n/a | n/a | CA$1b |
| Jun 30 2020 | n/a | n/a | CA$1b |
| Mar 31 2020 | n/a | n/a | CA$2b |
| Dec 31 2019 | CA$5m | CA$1m | CA$2b |
| Sep 30 2019 | n/a | n/a | CA$2b |
| Jun 30 2019 | n/a | n/a | CA$2b |
| Mar 31 2019 | n/a | n/a | CA$1b |
| Dec 31 2018 | CA$7m | CA$907k | CA$1b |
Compensation vs Market: Dave's total compensation ($USD11.43M) is above average for companies of similar size in the MX market ($USD5.27M).
Compensation vs Earnings: Dave's compensation has been consistent with company performance over the past year.
CEO
Dave Hutchens (58 yo)
Mr. David Gerard Hutchens, also known as Dave, was Director of FortisBC Inc. from January 2015 to 2025. He serves as President, Chief Executive Officer and Director at Fortis Inc. since January 1, 2021. Mr...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 4.7yrs | CA$15.72m | 0.028% MX$ 125.7m | |
| Executive VP & CFO | 7.3yrs | CA$3.88m | 0.012% MX$ 54.1m | |
| Executive Vice President of Operations & Technology | 3.7yrs | CA$3.50m | 0.0090% MX$ 40.3m | |
| Executive VP of Sustainability & Chief Legal Officer | 7.5yrs | CA$3.46m | 0.0075% MX$ 33.5m | |
| Executive Vice President of Strategy & Business Development | less than a year | CA$2.33m | 0.0041% MX$ 18.6m | |
| Chief Information Officer & VP | 1.4yrs | no data | 0.000090% MX$ 404.6k | |
| Vice President of Investor Relations | 7.9yrs | no data | 0.0023% MX$ 10.3m | |
| Vice President of Communications and Government Relations | 7.3yrs | no data | 0.00088% MX$ 4.0m | |
| Vice President of People & Culture | 2.2yrs | no data | 0.0015% MX$ 6.6m | |
| VP & General Counsel | no data | no data | 0.0027% MX$ 11.9m | |
| President & CEO of Central Hudson | no data | no data | no data | |
| President and Chief Executive Officer Caribbean Utilities Company | less than a year | no data | no data |
Experienced Management: FTS N's management team is considered experienced (4.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 4.7yrs | CA$15.72m | 0.028% MX$ 125.7m | |
| Independent Director | 10.3yrs | CA$415.85k | 0.00040% MX$ 1.8m | |
| Independent Director | 7.3yrs | CA$390.37k | 0.00097% MX$ 4.4m | |
| Independent Chair | 9.3yrs | CA$485.44k | 0.0020% MX$ 8.9m | |
| Independent Director | 2.3yrs | CA$284.50k | 0.0010% MX$ 4.5m | |
| Independent Director | 10.3yrs | CA$349.88k | 0.00075% MX$ 3.4m | |
| Independent Director | 11.3yrs | CA$475.99k | 0.0013% MX$ 5.8m | |
| Independent Director | 9.3yrs | CA$536.53k | 0.00071% MX$ 3.2m | |
| Independent Director | 8.3yrs | CA$366.01k | 0.0022% MX$ 10.1m | |
| Independent Director | 4.3yrs | CA$376.27k | no data | |
| Independent Director | less than a year | no data | no data | |
| Independent Director | 4.3yrs | CA$307.20k | no data |
Experienced Board: FTS N's board of directors are considered experienced (7.8 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/09/17 17:04 |
| End of Day Share Price | 2025/06/20 00:00 |
| Earnings | 2025/06/30 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Learn about the who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Fortis Inc. is covered by 23 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Harshit Gupta | Accountability Research Corporation |
| Daniel Ford | Barclays |
| Ross Fowler | Barclays |