Plains GP Holdings Management
Management criteria checks 3/4
Plains GP Holdings' CEO is Willie Chiang, appointed in Oct 2018, has a tenure of 5.17 years. total yearly compensation is $8.30M, comprised of 9% salary and 91% bonuses, including company stock and options. directly owns 0.19% of the company’s shares, worth $7.18M. The average tenure of the management team and the board of directors is 5.2 years and 7 years respectively.
Key information
Willie Chiang
Chief executive officer
US$8.3m
Total compensation
| CEO salary percentage | 9.0% |
| CEO tenure | 5.2yrs |
| CEO ownership | 0.2% |
| Management average tenure | 5.2yrs |
| Board average tenure | 7yrs |
Recent management updates
Recent updates
Plains GP Holdings declares $0.2175 dividend
Oct 10Plains GP Holdings declares $0.2175 dividend
Jul 08Plains GP Holdings: Cash-Generating Engine Firing Up, Higher Distributions To Follow
Sep 25Plains GP Holdings: The Oil Price Recovery Foretells Higher Earnings And Distributions On The Horizon
Jul 13Plains GP Holdings EPS beats by $0.02, beats on revenue
May 04CEO Compensation Analysis
| Date | Total Comp. | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2023 | n/a | n/a | US$190m |
| Jun 30 2023 | n/a | n/a | US$232m |
| Mar 31 2023 | n/a | n/a | US$215m |
| Dec 31 2022 | US$8m | US$750k | US$168m |
| Sep 30 2022 | n/a | n/a | US$208m |
| Jun 30 2022 | n/a | n/a | US$112m |
| Mar 31 2022 | n/a | n/a | US$12m |
| Dec 31 2021 | US$4m | US$600k | US$60m |
| Sep 30 2021 | n/a | n/a | -US$44m |
| Jun 30 2021 | n/a | n/a | -US$2m |
| Mar 31 2021 | n/a | n/a | US$83m |
| Dec 31 2020 | US$4m | US$600k | -US$568m |
| Sep 30 2020 | n/a | n/a | -US$500m |
| Jun 30 2020 | n/a | n/a | -US$447m |
| Mar 31 2020 | n/a | n/a | -US$397m |
| Dec 31 2019 | US$4m | US$600k | US$331m |
| Sep 30 2019 | n/a | n/a | US$463m |
| Jun 30 2019 | n/a | n/a | US$503m |
| Mar 31 2019 | n/a | n/a | US$444m |
| Dec 31 2018 | n/a | n/a | US$334m |
| Sep 30 2018 | n/a | n/a | -US$646m |
| Jun 30 2018 | n/a | n/a | -US$752m |
| Mar 31 2018 | n/a | n/a | -US$735m |
| Dec 31 2017 | US$3m | US$325k | -US$731m |
| Sep 30 2017 | n/a | n/a | US$61m |
| Jun 30 2017 | n/a | n/a | US$81m |
| Mar 31 2017 | n/a | n/a | US$99m |
| Dec 31 2016 | US$3m | US$250k | US$94m |
Compensation vs Market: Willie's total compensation ($USD8.30M) is about average for companies of similar size in the US market ($USD6.64M).
Compensation vs Earnings: Willie's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Willie Chiang (62 yo)
5.2yrs
Tenure
US$8,296,140
Compensation
Mr. Wilfred C.W. Chiang, also known as Willie, serves as Chief Executive Officer of PAA GP Holdings LLC, a General Partner of Plains GP Holdings, L.P. since October 2018 and also serves as its Chairman of...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO of PAA GP Holdings LLC | 5.2yrs | US$8.30m | 0.19% $ 7.2m | |
| President & Director of PAA GP Holdings LLC | 10.4yrs | US$2.67m | 0.56% $ 21.0m | |
| Executive VP & CFO of PAA GP Holdings LLC | 10.4yrs | US$3.22m | 0.69% $ 25.6m | |
| Executive VP & COO of PAA GP Holdings LLC | 4.8yrs | US$6.38m | no data | |
| Executive VP | 10.4yrs | US$3.28m | no data | |
| Executive VP & Chief Commercial Officer of PAA GP Holdings LLC | 4.8yrs | US$6.38m | 0.00067% $ 24.9k | |
| Senior VP & Chief Accounting Officer of PAA GP Holdings LLC | 10.4yrs | no data | no data | |
| Vice President | no data | no data | no data | |
| Director of Communications for PAA GP Holdings LLC | no data | no data | no data | |
| Senior Vice President of Operations of PAA GP Holdings LLC | less than a year | no data | no data | |
| Senior VP & Treasurer | no data | no data | no data | |
| VP & Controller | 4.1yrs | no data | no data |
5.2yrs
Average Tenure
57yo
Average Age
Experienced Management: PAGP's management team is seasoned and experienced (5.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO of PAA GP Holdings LLC | 6.8yrs | US$8.30m | 0.19% $ 7.2m | |
| President & Director of PAA GP Holdings LLC | 6.8yrs | US$2.67m | 0.56% $ 21.0m | |
| Independent Director of PAA GP Holdings LLC | 7.1yrs | US$243.62k | 0.020% $ 763.0k | |
| Lead Independent Director of PAA GP Holdings LLC | 9.9yrs | US$292.37k | 0.016% $ 578.3k | |
| Director of PAA GP Holdings LLC | 10.9yrs | US$265.84k | 0.95% $ 35.4m | |
| Independent Director of PAA GP Holdings LLC | 1.3yrs | US$187.73k | 0.011% $ 405.9k | |
| Independent Director of PAA GP Holdings LLC | 7.1yrs | US$243.62k | 0.013% $ 478.9k | |
| Independent Director of PAA GP Holdings LLC | 10.2yrs | US$257.37k | 0.14% $ 5.2m | |
| Independent Director of PAA GP Holdings LLC | 3.2yrs | US$224.87k | 0.056% $ 2.1m | |
| Independent Director of PAA GP Holdings LLC | 5yrs | US$258.62k | 0.019% $ 720.5k | |
| Independent Director of PAA GP Holdings LLC | 9.9yrs | US$273.62k | 0.015% $ 542.9k | |
| Independent Director of PAA GP Holdings LLC | 3.9yrs | US$272.37k | 0.023% $ 850.9k |
7.0yrs
Average Tenure
65.5yo
Average Age
Experienced Board: PAGP's board of directors are considered experienced (7 years average tenure).