MEG Energy Management
Management criteria checks 2/4
MEG Energy's CEO is Darlene Gates, appointed in May 2024, has a tenure of less than a year. total yearly compensation is CA$3.07M, comprised of 15.8% salary and 84.2% bonuses, including company stock and options. directly owns 0.03% of the company’s shares, worth $1.37M. The average tenure of the management team and the board of directors is 0.8 years and 3.5 years respectively.
Key information
Darlene Gates
Chief executive officer
CA$3.1m
Total compensation
| CEO salary percentage | 15.8% |
| CEO tenure | less than a year |
| CEO ownership | 0.03% |
| Management average tenure | less than a year |
| Board average tenure | 3.5yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | CA$504m |
| Jun 30 2024 | n/a | n/a | CA$586m |
| Mar 31 2024 | n/a | n/a | CA$586m |
| Dec 31 2023 | CA$3m | CA$485k | CA$569m |
| Sep 30 2023 | n/a | n/a | CA$625m |
| Jun 30 2023 | n/a | n/a | CA$532m |
| Mar 31 2023 | n/a | n/a | CA$621m |
| Dec 31 2022 | CA$2m | CA$439k | CA$902m |
| Sep 30 2022 | n/a | n/a | CA$921m |
| Jun 30 2022 | n/a | n/a | CA$819m |
| Mar 31 2022 | n/a | n/a | CA$662m |
| Dec 31 2021 | CA$2m | CA$134k | CA$283m |
Compensation vs Market: Darlene's total compensation ($USD2.19M) is below average for companies of similar size in the US market ($USD6.50M).
Compensation vs Earnings: Darlene's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Darlene Gates (53 yo)
less than a year
Tenure
CA$3,066,541
Compensation
Ms. Darlene M. Gates served as Chief Operating Officer of MEG Energy Corp. from September 7, 2021 to May 1, 2024 and has been its President and Chief Executive Officer since May 1, 2024 also serves as it's...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | less than a year | CA$3.07m | 0.030% $ 1.4m | |
| CFO & Head of IR Group | 2.3yrs | CA$2.32m | 0.0050% $ 232.9k | |
| Senior Vice President of Legal & Corporate Development | 4.8yrs | CA$1.66m | 0.011% $ 532.2k | |
| Senior Vice President of Production | less than a year | CA$1.48m | no data | |
| Vice President of Communications & External Relations | less than a year | no data | no data | |
| Vice President of Corporate Development & Strategy | less than a year | no data | 0.00036% $ 16.7k | |
| Senior Vice President of Marketing | less than a year | no data | 0.017% $ 802.2k | |
| Senior Vice President of Human Resources | no data | no data | 0.011% $ 528.5k |
0.8yrs
Average Tenure
Experienced Management: MEGE.F's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | less than a year | CA$3.07m | 0.030% $ 1.4m | |
| Independent Director | 14.2yrs | CA$227.00k | 0.0066% $ 308.1k | |
| Independent Chair | 14.4yrs | CA$241.17k | 0.0034% $ 158.7k | |
| Independent Director | 10.7yrs | CA$219.33k | 0.27% $ 12.3m | |
| Independent Director | less than a year | no data | 0.0053% $ 246.8k | |
| Independent Director | 4.4yrs | CA$225.00k | 0.015% $ 704.8k | |
| Independent Director | less than a year | no data | 0.0058% $ 267.7k | |
| Independent Director | 2.5yrs | CA$217.00k | 0.0080% $ 369.8k | |
| Independent Director | 9.1yrs | CA$222.00k | 0.015% $ 701.5k | |
| Independent Director | 2.3yrs | CA$214.00k | 0.00034% $ 15.8k |
3.5yrs
Average Tenure
65yo
Average Age
Experienced Board: MEGE.F's board of directors are considered experienced (3.5 years average tenure).