Great-West Lifeco Management
Management criteria checks 4/4
Great-West Lifeco's CEO is Paul Mahon, appointed in May 2013, has a tenure of 11.33 years. total yearly compensation is CA$11.10M, comprised of 11.4% salary and 88.6% bonuses, including company stock and options. directly owns 0.027% of the company’s shares, worth $8.79M. The average tenure of the management team and the board of directors is 2.7 years and 10.7 years respectively.
Key information
Paul Mahon
Chief executive officer
CA$11.1m
Total compensation
| CEO salary percentage | 11.4% |
| CEO tenure | 11.3yrs |
| CEO ownership | 0.03% |
| Management average tenure | 2.7yrs |
| Board average tenure | 10.7yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2024 | n/a | n/a | CA$4b |
| Mar 31 2024 | n/a | n/a | CA$3b |
| Dec 31 2023 | CA$11m | CA$1m | CA$3b |
| Sep 30 2023 | n/a | n/a | CA$3b |
| Jun 30 2023 | n/a | n/a | CA$3b |
| Mar 31 2023 | n/a | n/a | CA$3b |
| Dec 31 2022 | CA$10m | CA$1m | CA$4b |
| Sep 30 2022 | n/a | n/a | CA$4b |
| Jun 30 2022 | n/a | n/a | CA$4b |
| Mar 31 2022 | n/a | n/a | CA$4b |
| Dec 31 2021 | CA$9m | CA$1m | CA$3b |
| Sep 30 2021 | n/a | n/a | CA$3b |
| Jun 30 2021 | n/a | n/a | CA$3b |
| Mar 31 2021 | n/a | n/a | CA$3b |
| Dec 31 2020 | CA$8m | CA$1m | CA$3b |
| Sep 30 2020 | n/a | n/a | CA$3b |
| Jun 30 2020 | n/a | n/a | CA$2b |
| Mar 31 2020 | n/a | n/a | CA$2b |
| Dec 31 2019 | CA$8m | CA$1m | CA$2b |
| Sep 30 2019 | n/a | n/a | CA$3b |
| Jun 30 2019 | n/a | n/a | CA$3b |
| Mar 31 2019 | n/a | n/a | CA$3b |
| Dec 31 2018 | CA$7m | CA$1m | CA$3b |
| Sep 30 2018 | n/a | n/a | CA$3b |
| Jun 30 2018 | n/a | n/a | CA$3b |
| Mar 31 2018 | n/a | n/a | CA$2b |
| Dec 31 2017 | CA$8m | CA$1m | CA$2b |
Compensation vs Market: Paul's total compensation ($USD8.24M) is below average for companies of similar size in the US market ($USD13.05M).
Compensation vs Earnings: Paul's compensation has been consistent with company performance over the past year.
CEO
Paul Mahon (60 yo)
11.3yrs
Tenure
CA$11,101,889
Compensation
Mr. Paul Anthony Mahon has been the Chief Executive Officer and President of London Life Insurance Company, Canada Life Financial Corporation, Great-West Lifeco Inc. and Canada Life Limited since May 3, 20...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 11.3yrs | CA$11.10m | 0.027% CA$ 8.7m | |
| Executive VP & Global Chief Investment Officer | 7.1yrs | CA$4.55m | 0.0011% CA$ 350.0k | |
| President & CEO of Empower | 10yrs | CA$10.74m | no data | |
| Executive VP & Chief Financial Officer | less than a year | no data | 0.000010% CA$ 3.2k | |
| Senior Vice President of Corporate Finance & Treasury | no data | no data | no data | |
| Executive VP & Chief Information Officer | less than a year | no data | no data | |
| SVP & Head of Investor Relations | less than a year | no data | no data | |
| Executive VP & General Counsel | 6.7yrs | CA$3.51m | no data | |
| Senior VP & Chief Compliance Officer | less than a year | no data | no data | |
| Senior VP and Global Chief Communications & Sustainability Officer | 2.7yrs | no data | no data | |
| Executive VP & Chief HR Officer | 9.8yrs | no data | no data | |
| Senior VP & Chief Internal Auditor | 1.7yrs | no data | no data |
2.7yrs
Average Tenure
60yo
Average Age
Experienced Management: GRWT.F's management team is considered experienced (2.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 11.1yrs | CA$11.10m | 0.027% CA$ 8.7m | |
| President & CEO of Putnam Investments LLC and Chair of Great West Lifeco U.S. LLC | 5.5yrs | no data | no data | |
| Independent Director | 17.3yrs | CA$426.88k | 0.0011% CA$ 340.4k | |
| Director | 32.4yrs | CA$418.13k | 0.038% CA$ 12.0m | |
| Independent Director | 10.3yrs | CA$641.04k | 0.0027% CA$ 852.7k | |
| Independent Director | 15.3yrs | CA$593.92k | no data | |
| Director | 38.3yrs | CA$308.51k | 0.011% CA$ 3.4m | |
| Chairman of the Board | 22.2yrs | CA$538.13k | 0.0022% CA$ 684.1k | |
| Independent Director | 9.3yrs | CA$589.53k | 0.00011% CA$ 35.0k | |
| Independent Director | 10.3yrs | CA$563.61k | no data | |
| Director | 9.3yrs | CA$447.50k | 0.00013% CA$ 41.4k | |
| Independent Director | 6.3yrs | CA$621.69k | no data |
10.7yrs
Average Tenure
67yo
Average Age
Experienced Board: GRWT.F's board of directors are seasoned and experienced ( 10.7 years average tenure).