The company may no longer be operating, as it has been acquired. Find out why through their latest events.
i3 Energy Management
Management criteria checks 4/4
i3 Energy's CEO is Majid Shafiq, appointed in Oct 2018, has a tenure of 6.08 years. total yearly compensation is £667.00K, comprised of 75% salary and 25% bonuses, including company stock and options. directly owns 0.84% of the company’s shares, worth $1.66M. The average tenure of the management team and the board of directors is 4.5 years and 6.3 years respectively.
Key information
Majid Shafiq
Chief executive officer
UK£667.0k
Total compensation
CEO salary percentage
74.96%
CEO tenure
6.1yrs
CEO ownership
0.8%
Management average tenure
4.5yrs
Board average tenure
6.3yrs
Recent management updates
Recent updates
CEO Compensation Analysis
How has Majid Shafiq's remuneration changed compared to i3 Energy's earnings?
Date
Total Compensation
Salary
Company Earnings
Jun 30 2024
n/a
n/a
UK£13m
Mar 31 2024
n/a
n/a
-UK£1m
Dec 31 2023
UK£667k
UK£500k
UK£15m
Sep 30 2023
n/a
n/a
UK£27m
Jun 30 2023
n/a
n/a
UK£38m
Mar 31 2023
n/a
n/a
UK£45m
Dec 31 2022
UK£5m
UK£487k
UK£42m
Sep 30 2022
n/a
n/a
UK£44m
Jun 30 2022
n/a
n/a
UK£47m
Mar 31 2022
n/a
n/a
UK£36m
Dec 31 2021
UK£1m
UK£384k
UK£25m
Sep 30 2021
n/a
n/a
UK£18m
Jun 30 2021
n/a
n/a
UK£11m
Mar 31 2021
n/a
n/a
UK£12m
Dec 31 2020
UK£702k
UK£313k
UK£12m
Sep 30 2020
n/a
n/a
-UK£691k
Jun 30 2020
n/a
n/a
-UK£13m
Mar 31 2020
n/a
n/a
-UK£12m
Dec 31 2019
UK£590k
UK£271k
-UK£11m
Sep 30 2019
n/a
n/a
-UK£8m
Jun 30 2019
n/a
n/a
-UK£6m
Mar 31 2019
n/a
n/a
-UK£4m
Dec 31 2018
UK£278k
UK£58k
-UK£2m
Sep 30 2018
n/a
n/a
-UK£2m
Jun 30 2018
n/a
n/a
-UK£1m
Mar 31 2018
n/a
n/a
-UK£2m
Dec 31 2017
UK£62k
n/a
-UK£3m
Compensation vs Market: Majid's total compensation ($USD861.81K) is below average for companies of similar size in the US market ($USD1.48M).
Compensation vs Earnings: Majid's compensation has been consistent with company performance over the past year.
CEO
Majid Shafiq (60 yo)
6.1yrs
Tenure
UK£667,000
Compensation
Mr. Majid Shafiq has been Chief Executive Officer at i3 Energy Plc since October 8, 2018. Mr. Majid Shafiq serves Chief Executive Officer of Àrgentil Capital Partners since 2015. Mr. Shafiq has significant...
Leadership Team
Name
Position
Tenure
Compensation
Ownership
Majid Shafiq
CEO & Executive Director
6.1yrs
UK£667.00k
0.84% $ 1.7m
Ryan J. Heath
President of i3 Canada Limited & Executive Director
no data
UK£403.00k
0.71% $ 1.4m
Jason Dranchuk
Chief Financial Officer
1.6yrs
no data
0.017% $ 33.0k
Mark Hadley
Vice President of Exploration
2.8yrs
no data
no data
John Woods
Chief Operating Officer of i3 Energy North Sea Limited
6.1yrs
no data
no data
Ian Schafer
Chief Operating Officer of i3 Energy Canada Ltd
no data
no data
no data
Tim Stephenson
Vice President of Corporate Development - i3 Energy Canada Ltd
no data
no data
no data
4.5yrs
Average Tenure
Experienced Management: ITEE.F's management team is considered experienced (4.5 years average tenure).
Board Members
Name
Position
Tenure
Compensation
Ownership
Majid Shafiq
CEO & Executive Director
7.3yrs
UK£667.00k
0.84% $ 1.7m
Ryan J. Heath
President of i3 Canada Limited & Executive Director
1.9yrs
UK£403.00k
0.71% $ 1.4m
John Festival
Independent Non-Executive Chairman
3.9yrs
UK£120.00k
0.26% $ 506.3k
Neill Carson
Independent Non-Executive Director
7.7yrs
UK£75.00k
0.64% $ 1.3m
Richard Ames
Independent Non-Executive Director
7.3yrs
UK£75.00k
0.13% $ 253.7k
Linda Beal
Independent Non-Executive Director
5.2yrs
UK£75.00k
0.11% $ 215.1k
6.3yrs
Average Tenure
63yo
Average Age
Experienced Board: ITEE.F's board of directors are considered experienced (6.3 years average tenure).
Company Analysis and Financial Data Status
Data
Last Updated (UTC time)
Company Analysis
2024/11/04 13:17
End of Day Share Price
2024/11/01 00:00
Earnings
2024/06/30
Annual Earnings
2023/12/31
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
i3 Energy Plc is covered by 4 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.