Toromont Industries' CEO is Mike McMillan, appointed in Oct 2023, has a tenure of 2.67 years. total yearly compensation is CA$3.18M, comprised of 28.3% salary and 71.7% bonuses, including company stock and options. directly owns 0.007% of the company’s shares, worth $825.18K. The average tenure of the management team and the board of directors is 2.7 years and 6.2 years respectively.
Key information
Mike McMillan
Chief executive officer
CA$3.2m
Total compensation
CEO salary percentage
28.27%
CEO tenure
2.7yrs
CEO ownership
0.007%
Management average tenure
2.7yrs
Board average tenure
6.2yrs
Recent management updates
Recent updates
CEO Compensation Analysis
How has Mike McMillan's remuneration changed compared to Toromont Industries's earnings?
Date
Total Compensation
Salary
Company Earnings
Mar 31 2026
n/a
n/a
CA$515m
Dec 31 2025
CA$3m
CA$898k
CA$497m
Sep 30 2025
n/a
n/a
CA$496m
Jun 30 2025
n/a
n/a
CA$486m
Mar 31 2025
n/a
n/a
CA$497m
Dec 31 2024
CA$3m
CA$700k
CA$507m
Sep 30 2024
n/a
n/a
CA$504m
Jun 30 2024
n/a
n/a
CA$519m
Mar 31 2024
n/a
n/a
CA$517m
Dec 31 2023
CA$2m
CA$529k
CA$529m
Sep 30 2023
n/a
n/a
CA$533m
Jun 30 2023
n/a
n/a
CA$508m
Mar 31 2023
n/a
n/a
CA$486m
Dec 31 2022
CA$2m
CA$463k
CA$450m
Sep 30 2022
n/a
n/a
CA$397m
Jun 30 2022
n/a
n/a
CA$371m
Mar 31 2022
n/a
n/a
CA$345m
Dec 31 2021
CA$2m
CA$435k
CA$333m
Sep 30 2021
n/a
n/a
CA$316m
Jun 30 2021
n/a
n/a
CA$300m
Mar 31 2021
n/a
n/a
CA$265m
Dec 31 2020
CA$1m
CA$329k
CA$255m
Compensation vs Market: Mike's total compensation ($USD2.27M) is below average for companies of similar size in the US market ($USD14.67M).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
CEO
Mike McMillan (59 yo)
2.7yrs
Tenure
CA$3,178,323
Compensation
Mr. Michael Stanley Howie McMillan, also known as Mike, served as an Executive Vice President and Chief Financial Officer at Toromont Industries Ltd. since March 1, 2020 until October 15, 2023 and serves a...
Leadership Team
Name
Position
Tenure
Compensation
Ownership
Michael Stanley McMillan
CEO, President & Director
2.7yrs
CA$3.18m
0.0066% $ 825.2k
John Doolittle
Executive VP & CFO
2.7yrs
CA$1.81m
0.00073% $ 91.1k
Michael Cuddy
Chief Strategy Officer
1.4yrs
CA$1.51m
0.047% $ 5.9m
Miles Sean Gregg
President of Construction Industries Toromont CAT
no data
CA$1.31m
0.031% $ 3.9m
Joel Couture
Chief Operating Officer - Toromont Cat
no data
CA$1.52m
0.0080% $ 1.0m
Rick Neuman
Chief Digital
less than a year
no data
no data
Habeeb Syed
Chief Legal Officer
1yr
no data
no data
Stephanie Hardman
Chief People & Culture Officer
no data
no data
no data
William Harvey
President of Toromont Cat Mining Division
5.4yrs
CA$1.10m
0.0059% $ 736.5k
David Malinauskas
President of CIMCO Refrigeration
11.4yrs
CA$862.45k
0.0020% $ 244.7k
Colin Goheen
President of Battlefield Equipment Rentals
7.4yrs
no data
0.012% $ 1.5m
2.7yrs
Average Tenure
59yo
Average Age
Experienced Management: TMTN.F's management team is considered experienced (2.7 years average tenure).
Board Members
Name
Position
Tenure
Compensation
Ownership
Michael Stanley McMillan
CEO, President & Director
2.7yrs
CA$3.18m
0.0066% $ 825.2k
Peter James Blake
Independent Director
7.1yrs
CA$225.54k
0.0019% $ 237.2k
Richard Roy
Independent Chair of the Board
7.6yrs
CA$416.72k
0.0037% $ 459.4k
Katherine Rethy
Independent Director
12.9yrs
CA$222.54k
0.0012% $ 151.1k
Ben Cherniavsky
Independent Director
5.3yrs
CA$225.54k
0.0020% $ 252.2k
Ave Lethbridge
Independent Director
2.4yrs
CA$222.54k
no data
Frederick Mifflin
Independent Director
4.2yrs
CA$243.74k
0.0033% $ 413.2k
Paramita Das
Independent Director
2.4yrs
CA$222.54k
no data
Cathryn Cranston
Independent Director
12.9yrs
CA$246.39k
0.0070% $ 872.6k
Sharon Hodgson
Independent Director
7.1yrs
CA$244.39k
no data
6.2yrs
Average Tenure
64yo
Average Age
Experienced Board: TMTN.F's board of directors are considered experienced (6.2 years average tenure).
Company Analysis and Financial Data Status
Data
Last Updated (UTC time)
Company Analysis
2026/06/17 09:46
End of Day Share Price
2026/06/09 00:00
Earnings
2026/03/31
Annual Earnings
2025/12/31
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.
* 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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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
Toromont Industries Ltd. is covered by 14 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.