Methanex Management
Management criteria checks 2/4
Methanex's CEO is Rich Sumner, appointed in Jan 2023, has a tenure of 1.92 years. total yearly compensation is $5.30M, comprised of 14.7% salary and 85.3% bonuses, including company stock and options. directly owns 0.062% of the company’s shares, worth $1.96M. The average tenure of the management team and the board of directors is 1.9 years and 5.9 years respectively.
Key information
Rich Sumner
Chief executive officer
US$5.3m
Total compensation
CEO salary percentage | 14.7% |
CEO tenure | 1.9yrs |
CEO ownership | 0.06% |
Management average tenure | 1.9yrs |
Board average tenure | 5.9yrs |
Recent management updates
Recent updates
Methanex: Becoming A Methanol Giant
Sep 10Methanex: New G3 Project, Natural Gas Supply Agreement Highlight Positive Outlook
Feb 06Methanex: Ignore The Short-Term Noise, Grab A Long-Term Bargain
Oct 03Methanex says CEO John Floren to retire, announces NCIB to buy back stock
Sep 15Methanex: Premier Methanol Producer But Commodity Pricing On The Downswing
Jul 27Methanex raises dividend by 21% to $0.175
Jul 14Earth Focused Investments 3: Methanex Is A Volatile Take On Alternative Fuels
Mar 30Methanex: A New Era Of Higher Shareholder Returns, Potential Near 16% Yield
Jan 31Methanex: An Exciting 10% Yield May Follow As Soon As Early 2022
Nov 05CEO Compensation Analysis
Date | Total Compensation | Salary | Company Earnings |
---|---|---|---|
Sep 30 2024 | n/a | n/a | US$152m |
Jun 30 2024 | n/a | n/a | US$146m |
Mar 31 2024 | n/a | n/a | US$167m |
Dec 31 2023 | US$5m | US$777k | US$174m |
Sep 30 2023 | n/a | n/a | US$182m |
Jun 30 2023 | n/a | n/a | US$227m |
Mar 31 2023 | n/a | n/a | US$295m |
Dec 31 2022 | US$2m | US$367k | US$354m |
Sep 30 2022 | n/a | n/a | US$513m |
Jun 30 2022 | n/a | n/a | US$515m |
Mar 31 2022 | n/a | n/a | US$496m |
Dec 31 2021 | US$1m | US$334k | US$482m |
Sep 30 2021 | n/a | n/a | US$255m |
Jun 30 2021 | n/a | n/a | US$97m |
Mar 31 2021 | n/a | n/a | -US$75m |
Dec 31 2020 | US$1m | US$316k | -US$157m |
Compensation vs Market: Rich's total compensation ($USD5.30M) is about average for companies of similar size in the US market ($USD6.55M).
Compensation vs Earnings: Rich's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Rich Sumner (49 yo)
1.9yrs
Tenure
US$5,295,634
Compensation
Mr. Richard W. Sumner, also known as Rich, serves as President, CEO & Director at Methanex Corporation since January 1, 2023. He served as Senior Vice President of Global Marketing & Logistics for Methanex...
Leadership Team
Name | Position | Tenure | Compensation | Ownership |
---|---|---|---|---|
President | 1.9yrs | US$5.30m | 0.062% $ 2.0m | |
Senior VP of Finance & Chief Financial Officer | 1.8yrs | US$1.85m | 0.038% $ 1.2m | |
Senior Vice President of Global Marketing & Logistics | 1.9yrs | US$1.74m | 0.0089% $ 279.7k | |
Senior Vice President of Corporate Resources | 6.9yrs | US$1.51m | 0.061% $ 1.9m | |
Senior Vice President of Manufacturing | 1.9yrs | US$1.80m | 0.035% $ 1.1m | |
Director of Investor Relations | no data | no data | no data | |
Senior VP | no data | no data | 0.024% $ 769.8k | |
Senior Vice President of Corporate Development | 1.9yrs | no data | 0.025% $ 779.9k | |
Senior Vice President of Low Carbon Solutions | 1.9yrs | no data | 0.022% $ 702.7k | |
Plant Manager | no data | no data | 0.025% $ 780.5k |
1.9yrs
Average Tenure
Experienced Management: MEOH's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
Board Members
Name | Position | Tenure | Compensation | Ownership |
---|---|---|---|---|
President | 1.9yrs | US$5.30m | 0.062% $ 2.0m | |
Independent Director | 4.7yrs | US$214.62k | 0.020% $ 630.9k | |
Independent Director | 16.3yrs | US$229.16k | 0.040% $ 1.3m | |
Independent Director | 8.8yrs | US$245.98k | 0.0089% $ 280.3k | |
Independent Director | 6.2yrs | US$242.71k | 0.035% $ 1.1m | |
Independent Director | 6.5yrs | US$222.07k | 0.039% $ 1.2m | |
Independent Director | 5.7yrs | US$221.61k | 0.019% $ 599.4k | |
Independent Chairman of the Board | 8.2yrs | US$376.55k | 0.0013% $ 42.2k | |
Independent Director | 9.7yrs | US$217.46k | 0.014% $ 444.1k | |
Independent Director | 5.4yrs | US$217.30k | 0.0089% $ 280.3k | |
Director | 1.2yrs | US$50.94k | no data | |
Independent Director | 2.9yrs | US$204.80k | 0.0055% $ 172.9k |
5.9yrs
Average Tenure
64yo
Average Age
Experienced Board: MEOH's board of directors are considered experienced (5.9 years average tenure).