Sun Life Financial Management

Management criteria checks 3/4

Sun Life Financial's CEO is Kevin Strain, appointed in Feb 2021, has a tenure of 2.75 years. total yearly compensation is CA$9.43M, comprised of 10.6% salary and 89.4% bonuses, including company stock and options. directly owns 0.006% of the company’s shares, worth $1.63M. The average tenure of the management team and the board of directors is 4.4 years and 2.8 years respectively.

Key information

Kevin Strain

Chief executive officer

CA$9.4m

Total compensation

CEO salary percentage10.6%
CEO tenure2.8yrs
CEO ownership0.006%
Management average tenure4.4yrs
Board average tenure2.8yrs

Recent management updates

Recent updates

Sun Life Financial: Neutral Rating Maintained, A 5% Dividend Yield Quick Pick

Nov 01

A Sizzling 4% Dividend Yield At Sun Life, But Valuation Overheated

Jul 24

Sun Life Financial: Growth Consistent With My Original Thesis

Feb 24

Sun Life Financial declares CAD 0.72 dividend

Feb 08

Sun Life unit to be exclusive insurance provider for Dah Sing Bank customers in Hong Kong

Jan 20

Sun Life Financial to redeem $400M of subordinated debentures

Sep 26

Sun Life Financial to pick up majority stake in Advisors Asset Management for $214M

Sep 01

Sun Life Financial: A No-Brainer Buy

Aug 21

Sun Life Financial declares CAD 0.69 dividend

Aug 03

Sun Life Financial: This High-Dividend Insurer Can Thrive In A High-Rate Environment

Apr 28

Sun Life: A Top Dividend Pick For 2022

Jan 24

Sun Life Financial: Expanding The U.S. Platform With Dentaquest Acquisition

Oct 18

Sun Life Financial declares CAD 0.55 dividend

May 05

CEO Compensation Analysis

How has Kevin Strain's remuneration changed compared to Sun Life Financial's earnings?
DateTotal Comp.SalaryCompany Earnings
Sep 30 2023n/an/a

CA$4b

Jun 30 2023n/an/a

CA$3b

Mar 31 2023n/an/a

CA$3b

Dec 31 2022CA$9mCA$1m

CA$3b

Sep 30 2022n/an/a

CA$3b

Jun 30 2022n/an/a

CA$4b

Mar 31 2022n/an/a

CA$4b

Dec 31 2021CA$11mCA$863k

CA$4b

Sep 30 2021n/an/a

CA$4b

Jun 30 2021n/an/a

CA$3b

Mar 31 2021n/an/a

CA$3b

Dec 31 2020CA$5mCA$638k

CA$2b

Sep 30 2020n/an/a

CA$2b

Jun 30 2020n/an/a

CA$2b

Mar 31 2020n/an/a

CA$2b

Dec 31 2019CA$3mCA$623k

CA$3b

Sep 30 2019n/an/a

CA$2b

Jun 30 2019n/an/a

CA$2b

Mar 31 2019n/an/a

CA$2b

Dec 31 2018CA$4mCA$600k

CA$3b

Sep 30 2018n/an/a

CA$2b

Jun 30 2018n/an/a

CA$2b

Mar 31 2018n/an/a

CA$2b

Dec 31 2017CA$5mCA$577k

CA$2b

Sep 30 2017n/an/a

CA$3b

Jun 30 2017n/an/a

CA$3b

Mar 31 2017n/an/a

CA$2b

Dec 31 2016CA$3mCA$494k

CA$2b

Compensation vs Market: Kevin's total compensation ($USD6.95M) is below average for companies of similar size in the US market ($USD12.24M).

Compensation vs Earnings: Kevin's compensation has been consistent with company performance over the past year.


CEO

Kevin Strain (57 yo)

2.8yrs

Tenure

CA$9,426,014

Compensation

Mr. Kevin David Strain, CPA, CA, has been President and Director at Sun Life Financial Inc. since February 15, 2021 and serves as Chief Executive Officer since August 7, 2021. Mr. Strain serves as a Direct...


Leadership Team

NamePositionTenureCompensationOwnership
Kevin Strain
President2.8yrsCA$9.43m0.0055%
CA$ 1.6m
Manjit Singh
Executive VP & CFO2.7yrsCA$3.89m0.00017%
CA$ 50.1k
Stephen Peacher
President of SLC Management9.7yrsCA$12.50mno data
Daniel Fishbein
President of Sun Life U.S.9.7yrsCA$5.46m0.00073%
CA$ 215.0k
Jacques Goulet
President of Sun Life Canada5.8yrsCA$4.52m0.0014%
CA$ 406.4k
Laura Money
Executive VP and Chief Information & Technology Innovation Officer3.4yrsno data0.00010%
CA$ 29.4k
David Garg
Senior VP of Capital Management & Investor Relationsless than a yearno datano data
Melissa Kennedy
Executive VP and Chief Legal Officer & Public Policy Officer8.5yrsno data0.0025%
CA$ 745.0k
Anne Sonnen
Senior VP & Chief Compliance Officerless than a yearno datano data
Aishling Cullen
Vice President of Corporate Communicationsno datano datano data
Michael Joyce
Executive Vice President of Salesno datano datano data
Helena Pagano
Executive VP and Chief People & Culture Officer5.4yrsno data0.00068%
CA$ 200.2k

4.4yrs

Average Tenure

58yo

Average Age

Experienced Management: SLF's management team is considered experienced (4.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Kevin Strain
President2.8yrsCA$9.43m0.0055%
CA$ 1.6m
Michael William Roberge
Chairman of MFS Mclean Budden Limited and CEOno datano datano data
Laurie Hylton
Independent Directorless than a yearno datano data
Scott Powers
Independent Chairman8.1yrsCA$385.57k0.000050%
CA$ 14.7k
M. Harris
Independent Corporate Director9.9yrsCA$280.00k0.0012%
CA$ 350.4k
Barbara Stymiest
Independent Corporate Director11.5yrsCA$280.00k0.00086%
CA$ 253.2k
H. Ho
Independent Corporate Director2.5yrsCA$251.00k0.000040%
CA$ 11.8k
Deepak Chopra
Independent Corporate Director2.5yrsCA$245.00k0.000040%
CA$ 11.8k
Stephanie Coyles
Independent Corporate Director6.8yrsCA$267.40k0.0023%
CA$ 689.0k
Marie-Lucie Morin
Independent Corporate Director1.9yrsCA$257.00k0.00021%
CA$ 61.8k
Ashok Gupta
Independent Corporate Director5.5yrsCA$292.00k0.00025%
CA$ 73.6k
Helen Mallovy-Hicks
Independent Corporate Director2.1yrsCA$245.00k0.000070%
CA$ 20.6k

2.8yrs

Average Tenure

63yo

Average Age

Experienced Board: SLF's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.