Parex Resources Management
Management criteria checks 4/4
Parex Resources' CEO is Imad Mohsen, appointed in Feb 2021, has a tenure of 3.17 years. total yearly compensation is $3.34M, comprised of 15.3% salary and 84.7% bonuses, including company stock and options. directly owns 0.13% of the company’s shares, worth $2.29M. The average tenure of the management team and the board of directors is 3.3 years and 7.5 years respectively.
Key information
Imad Mohsen
Chief executive officer
US$3.3m
Total compensation
| CEO salary percentage | 15.3% |
| CEO tenure | 3.2yrs |
| CEO ownership | 0.1% |
| Management average tenure | 3.3yrs |
| Board average tenure | 7.5yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | US$3m | US$509k | US$459m |
| Sep 30 2023 | n/a | n/a | US$575m |
| Jun 30 2023 | n/a | n/a | US$521m |
| Mar 31 2023 | n/a | n/a | US$563m |
| Dec 31 2022 | US$3m | US$480k | US$611m |
| Sep 30 2022 | n/a | n/a | US$457m |
| Jun 30 2022 | n/a | n/a | US$460m |
| Mar 31 2022 | n/a | n/a | US$408m |
| Dec 31 2021 | US$3m | US$399k | US$303m |
Compensation vs Market: Imad's total compensation ($USD3.34M) is below average for companies of similar size in the US market ($USD5.66M).
Compensation vs Earnings: Imad's compensation has been consistent with company performance over the past year.
CEO
Imad Mohsen (49 yo)
3.2yrs
Tenure
US$3,338,602
Compensation
Mr. Imad Mohsen serves as President, Chief Executive Officer and Director at Parex Resources Inc. since February 4, 2021. He serves as Chief Operating Officer at Tulip Oil Netherlands B.V. He was Chief Exe...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.2yrs | US$3.34m | 0.13% $ 2.3m | |
| CFO & Corporate Secretary | less than a year | US$1.03m | 0.00019% $ 3.5k | |
| Chief Operating Officer | 6.2yrs | US$1.53m | 0.15% $ 2.7m | |
| Senior Vice President of Capital Markets & Corporate Planning | 5.2yrs | US$1.29m | 0.093% $ 1.7m | |
| President & Country Manager of Parex Resources (Colombia) Ltd. | 3.3yrs | US$1.48m | 0.062% $ 1.1m | |
| Investor Relations & Communications Advisor | no data | no data | no data | |
| Senior Vice President of Corporate Services | 3.3yrs | no data | 0.046% $ 841.2k | |
| Controller | no data | no data | no data |
3.3yrs
Average Tenure
Experienced Management: PARX.F's management team is considered experienced (3.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.2yrs | US$3.34m | 0.13% $ 2.3m | |
| Independent Director | 8.9yrs | US$160.36k | 0.0043% $ 79.1k | |
| Independent Director | 14.6yrs | US$184.44k | 0.029% $ 532.2k | |
| Independent Chairman of the Board | 14.7yrs | US$196.20k | 1.22% $ 22.3m | |
| Vice Chair & Lead Independent Director | 7.5yrs | US$175.89k | 0.0088% $ 160.7k | |
| Independent Director | 7.5yrs | US$177.36k | 0.026% $ 469.4k | |
| Independent Director | 3.9yrs | US$165.28k | 0.025% $ 451.0k | |
| Independent Director | 6.8yrs | US$151.84k | 0.0073% $ 132.6k | |
| Independent Director | 1.8yrs | US$147.90k | 0.00082% $ 15.0k |
7.5yrs
Average Tenure
65yo
Average Age
Experienced Board: PARX.F's board of directors are considered experienced (7.5 years average tenure).