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 $2.06M. 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 ($USD6.66M).
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% $ 2.1m | |
| Senior VP of Finance & Chief Financial Officer | 1.8yrs | US$1.85m | 0.038% $ 1.3m | |
| Senior Vice President of Global Marketing & Logistics | 1.9yrs | US$1.74m | 0.0089% $ 294.6k | |
| Senior Vice President of Corporate Resources | 6.9yrs | US$1.51m | 0.061% $ 2.0m | |
| Senior Vice President of Manufacturing | 1.9yrs | US$1.80m | 0.035% $ 1.2m | |
| Director of Investor Relations | no data | no data | no data | |
| Senior VP | no data | no data | 0.024% $ 810.7k | |
| Senior Vice President of Corporate Development | 1.9yrs | no data | 0.025% $ 821.3k | |
| Senior Vice President of Low Carbon Solutions | 1.9yrs | no data | 0.022% $ 740.0k | |
| Plant Manager | no data | no data | 0.025% $ 822.0k |
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% $ 2.1m | |
| Independent Director | 4.7yrs | US$214.62k | 0.020% $ 664.4k | |
| Independent Director | 16.3yrs | US$229.16k | 0.040% $ 1.3m | |
| Independent Director | 8.8yrs | US$245.98k | 0.0089% $ 295.2k | |
| Independent Director | 6.2yrs | US$242.71k | 0.035% $ 1.2m | |
| Independent Director | 6.5yrs | US$222.07k | 0.039% $ 1.3m | |
| Independent Director | 5.7yrs | US$221.61k | 0.019% $ 631.2k | |
| Independent Chairman of the Board | 8.2yrs | US$376.55k | 0.0013% $ 44.4k | |
| Independent Director | 9.7yrs | US$217.46k | 0.014% $ 467.7k | |
| Independent Director | 5.4yrs | US$217.30k | 0.0089% $ 295.2k | |
| Director | 1.2yrs | US$50.94k | no data | |
| Independent Director | 2.9yrs | US$204.80k | 0.0055% $ 182.1k |
5.9yrs
Average Tenure
64yo
Average Age
Experienced Board: MEOH's board of directors are considered experienced (5.9 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/30 00:21 |
| End of Day Share Price | 2024/12/30 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Methanex Corporation is covered by 18 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | Alembic Global Advisors |
| Michael Leithead | Barclays |
| Joel Jackson | BMO Capital Markets Equity Research |