Cenovus Energy Management
Management criteria checks 2/4
Cenovus Energy's CEO is Jon McKenzie, appointed in Apr 2023, has a tenure of 1.08 years. total yearly compensation is CA$8.67M, comprised of 11.4% salary and 88.6% bonuses, including company stock and options. directly owns 0.042% of the company’s shares, worth $16.11M. The average tenure of the management team and the board of directors is 1.1 years and 4.6 years respectively.
Key information
Jon McKenzie
Chief executive officer
CA$8.7m
Total compensation
| CEO salary percentage | 11.4% |
| CEO tenure | 1.1yrs |
| CEO ownership | 0.04% |
| Management average tenure | 1.1yrs |
| Board average tenure | 4.6yrs |
Recent management updates
Recent updates
Cenovus Energy: My Top Pick Among Canadian Majors
Apr 10Cenovus Energy: Possibly One Of The Most Undervalued Energy Stocks
Feb 18Cenovus Energy: The Waiting Is The Hardest Part
Nov 16Canada's Best - Cenovus Is A Significantly Undervalued Buyback Powerhouse
Nov 06Cenovus Energy Inc: Not Getting A Lot Of Value Here
Oct 05Cenovus Energy: This Variable Can Turbocharge The E&P Rally
Sep 15Cenovus Energy: Massive Buybacks And Dividends Are Around The Corner
Aug 31Chevron Is Better Than Cenovus
Aug 23Cenovus Energy: Still Growing
Jul 24Cenovus Energy: Preferred Shares Look Incredibly Attractive
Jul 14Cenovus Energy: Investor Patience Could Be Rewarded Toward Year End
Jun 06Cenovus: What To Expect From Oil Sands Producer's Q4
Feb 14Cenovus Energy: Integration Continues
Jan 22The Trans Mountain Pipeline Expansion Will Benefit Cenovus
Jan 17Cenovus Energy goes ex-dividend tomorrow
Dec 13Cenovus Energy: Buy For The Income And Stay For The Growth
Nov 11Cenovus Energy GAAP EPS of C$0.81 misses by C$0.04, revenue of C$20.09B
Nov 02Cenovus Energy: Don't Buy The Dip Until You See Analysts Panicking
Sep 29Cenovus Energy goes ex-dividend tomorrow
Sep 13Cenovus Energy: Growth Strategy Still In Place
Aug 29Cenovus Energy: Prepare For The Cash Flood
Aug 09Cenovus Energy GAAP EPS of C$1.19 beats by C$0.32, revenue of $19.2B beats by C$1.74B
Jul 28Vltava Fund - Cenovus Energy: High-Quality And Low-Cost Assets
Jul 07Cenovus: Buy The Dip
Jun 27Cenovus Energy: Finally Mr. Market Responds
Jun 17CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | CA$5b |
| Dec 31 2023 | CA$9m | CA$989k | CA$4b |
| Sep 30 2023 | n/a | n/a | CA$4b |
| Jun 30 2023 | n/a | n/a | CA$4b |
| Mar 31 2023 | n/a | n/a | CA$5b |
| Dec 31 2022 | CA$5m | CA$750k | CA$6b |
| Sep 30 2022 | n/a | n/a | CA$5b |
| Jun 30 2022 | n/a | n/a | CA$4b |
| Mar 31 2022 | n/a | n/a | CA$2b |
| Dec 31 2021 | CA$6m | CA$700k | CA$553m |
| Sep 30 2021 | n/a | n/a | CA$816m |
| Jun 30 2021 | n/a | n/a | CA$80m |
| Mar 31 2021 | n/a | n/a | -CA$371m |
| Dec 31 2020 | CA$4m | CA$588k | -CA$2b |
| Sep 30 2020 | n/a | n/a | -CA$2b |
| Jun 30 2020 | n/a | n/a | -CA$2b |
| Mar 31 2020 | n/a | n/a | CA$287m |
| Dec 31 2019 | CA$4m | CA$625k | CA$2b |
| Sep 30 2019 | n/a | n/a | CA$731m |
| Jun 30 2019 | n/a | n/a | CA$302m |
| Mar 31 2019 | n/a | n/a | -CA$2b |
| Dec 31 2018 | CA$5m | CA$461k | -CA$3b |
Compensation vs Market: Jon's total compensation ($USD6.34M) is below average for companies of similar size in the US market ($USD13.56M).
Compensation vs Earnings: Jon's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Jon McKenzie (55 yo)
1.1yrs
Tenure
CA$8,671,098
Compensation
Mr. Jonathan M. McKenzie, also known as Jon, CA, is Vice-Chair of Canadian Association of Petroleum Producers from November 2023. He serves as President, CEO & Non-Independent Director at Cenovus Energy In...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chair | 6.5yrs | CA$8.11m | 0% CA$ 0 | |
| President | 1.1yrs | CA$8.67m | 0.042% CA$ 16.1m | |
| Executive VP of Strategy & CFO | less than a year | CA$2.78m | 0.0061% CA$ 2.3m | |
| Executive VP & COO | less than a year | CA$3.21m | 0.0072% CA$ 2.7m | |
| Executive VP & Chief Commercial Officer | no data | CA$3.20m | 0.0067% CA$ 2.6m | |
| Executive Vice President of Upstream – Thermal & Offshore | 4.4yrs | CA$2.68m | 0.0029% CA$ 1.1m | |
| Senior Vice President of Investor Relations | no data | no data | no data | |
| Senior VP of Legal | 3.3yrs | no data | 0.0029% CA$ 1.1m | |
| Senior VP of Corporate Development | less than a year | no data | no data | |
| Senior Vice-President of People Services | 2.2yrs | no data | 0.00061% CA$ 232.8k | |
| Chief Sustainability Officer & Executive VP of Stakeholder Engagement | 3.3yrs | no data | 0.0021% CA$ 816.8k |
1.1yrs
Average Tenure
55yo
Average Age
Experienced Management: CVE's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chair | 6.5yrs | CA$8.11m | 0% CA$ 0 | |
| President | 1.1yrs | CA$8.67m | 0.042% CA$ 16.1m | |
| Independent Director | 6.1yrs | CA$270.00k | 0% CA$ 0 | |
| Lead Independent Director | 7.4yrs | CA$303.09k | 0% CA$ 0 | |
| Independent Director | 3.3yrs | CA$256.21k | 0% CA$ 0 | |
| Independent Director | 3.3yrs | CA$253.00k | 0% CA$ 0 | |
| Independent Director | 8.1yrs | CA$278.00k | 0% CA$ 0 | |
| Independent Director | 3.3yrs | CA$263.00k | 0% CA$ 0 | |
| Independent Director | 8.1yrs | CA$274.50k | 0% CA$ 0 | |
| Independent Director | 4.1yrs | CA$267.50k | 0% CA$ 0 | |
| Independent Director | 1.3yrs | CA$266.00k | 0.000050% CA$ 19.1k | |
| Independent Director | 5.1yrs | CA$281.13k | 0% CA$ 0 |
4.6yrs
Average Tenure
65yo
Average Age
Experienced Board: CVE's board of directors are considered experienced (4.6 years average tenure).