Fortis Management
Management criteria checks 3/4
Fortis' CEO is Dave Hutchens, appointed in Jan 2021, has a tenure of 3.33 years. total yearly compensation is CA$14.40M, comprised of 11.7% salary and 88.3% bonuses, including company stock and options. directly owns 0.026% of the company’s shares, worth $5.03M. The average tenure of the management team and the board of directors is 3.3 years and 6.5 years respectively.
Key information
Dave Hutchens
Chief executive officer
CA$14.4m
Total compensation
| CEO salary percentage | 11.7% |
| CEO tenure | 3.3yrs |
| CEO ownership | 0.03% |
| Management average tenure | 3.3yrs |
| Board average tenure | 6.5yrs |
Recent management updates
Recent updates
Fortis: The Sub-Par Performance Continues Due To Valuation
Mar 27Fortis: Preferred Shares Deliver Yield And Outperform Common
Jan 10Fortis: An Update On One Of The Larger Canadian Utilities, Maintain 'Hold'
Nov 06Fortis: 8-9% Yielding Preferred Shares Offer A Lower Risk Prospect Vs. Common Shares
Aug 23Fortis: A Stable High-Yielding Utility That Is Too Expensive
Jun 06Fortis Q4 Earnings Preview
Feb 09Fortis: A Dividend King In The Making
Jan 17Fortis Warrants A Valuation Update After A 14% Drop - Close To A 'Buy'
Nov 08Fortis Q3 2022 Earnings Preview
Oct 27Fortis raises dividend 5.6% to CAD 0.565/share
Sep 28Fortis subsidiary launches senior notes offering
Sep 08Fortis: Completion Of Energy Projects Will Likely Push The Price Up
Aug 29Fortis declares CAD 0.535 dividend
Jul 28Fortis: Strong Renewable Ambitions And Financials But Appears Overpriced
May 24Fortis: I Remain At 'Hold', But There Is A Potential Upside At 18X P/E
Mar 01Fortis: A Solid Dividend Investment
Oct 18Fortis Is A Dividend Grower With More Upside
Jul 17Fortis Q1 2021 Earnings Preview
May 04Fortis Is A Fantastic Investment - But Not Now
Apr 30Fortis (FTS) Presents At 2020 Wells Fargo Midstream and Utility Symposium Conference - Slideshow
Dec 15Fortis (FTS) Presents At Wolfe Research Meetings: EEI 55th Financial Virtual Conference - Slideshow
Nov 22Dividend Watch: Fortis Is A Top Income Stock
Nov 19Fortis Q3 2020 Earnings Preview
Oct 29CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | CA$2b |
| Dec 31 2023 | CA$14m | CA$2m | CA$2b |
| Sep 30 2023 | n/a | n/a | CA$1b |
| Jun 30 2023 | n/a | n/a | CA$1b |
| Mar 31 2023 | n/a | n/a | CA$1b |
| Dec 31 2022 | CA$12m | CA$2m | CA$1b |
| Sep 30 2022 | n/a | n/a | CA$1b |
| Jun 30 2022 | n/a | n/a | CA$1b |
| Mar 31 2022 | n/a | n/a | CA$1b |
| Dec 31 2021 | CA$9m | CA$1m | CA$1b |
| Sep 30 2021 | n/a | n/a | CA$1b |
| Jun 30 2021 | n/a | n/a | CA$1b |
| Mar 31 2021 | n/a | n/a | CA$1b |
| Dec 31 2020 | CA$7m | CA$1m | CA$1b |
| Sep 30 2020 | n/a | n/a | CA$1b |
| Jun 30 2020 | n/a | n/a | CA$1b |
| Mar 31 2020 | n/a | n/a | CA$2b |
| Dec 31 2019 | CA$5m | CA$1m | CA$2b |
| Sep 30 2019 | n/a | n/a | CA$2b |
| Jun 30 2019 | n/a | n/a | CA$2b |
| Mar 31 2019 | n/a | n/a | CA$1b |
| Dec 31 2018 | CA$7m | CA$907k | CA$1b |
| Sep 30 2018 | n/a | n/a | CA$973m |
| Jun 30 2018 | n/a | n/a | CA$975m |
| Mar 31 2018 | n/a | n/a | CA$992m |
| Dec 31 2017 | CA$5m | CA$857k | CA$963m |
Compensation vs Market: Dave's total compensation ($USD10.46M) is about average for companies of similar size in the US market ($USD13.53M).
Compensation vs Earnings: Dave's compensation has increased by more than 20% in the past year.
CEO
Dave Hutchens (56 yo)
3.3yrs
Tenure
CA$14,398,098
Compensation
Mr. David Gerard Hutchens, also known as Dave, serves as President, Chief Executive Officer and Director at Fortis Inc. since January 1, 2021. Mr. Hutchens had been Chief Operating Officer of Fortis Inc. s...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.3yrs | CA$14.40m | 0.026% CA$ 5.0m | |
| Executive VP & CFO | 5.9yrs | CA$3.94m | 0.011% CA$ 2.1m | |
| Executive Vice President of Operations & Innovation | 2.3yrs | CA$3.40m | 0.0085% CA$ 1.6m | |
| Executive VP of Sustainability & Chief Legal Officer | 6.2yrs | CA$3.50m | 0.0064% CA$ 1.2m | |
| Senior Vice President of Capital Markets & Business Development | 2.7yrs | CA$2.24m | 0.0029% CA$ 559.8k | |
| Vice President of Innovation & Technology | 2.7yrs | no data | 0.0031% CA$ 602.4k | |
| Chief Information Officer & VP | less than a year | no data | no data | |
| Vice President of Investor Relations | 6.6yrs | no data | 0.0018% CA$ 344.8k | |
| Vice President of Communications and Government Relations | 6yrs | no data | 0.00075% CA$ 145.3k | |
| Vice President of People & Culture | less than a year | no data | 0.0013% CA$ 251.8k | |
| VP & General Counsel | 7yrs | no data | 0.0021% CA$ 397.1k | |
| Executive Vice President of Western Utility Operations | no data | no data | no data |
3.3yrs
Average Tenure
52yo
Average Age
Experienced Management: FTS's management team is considered experienced (3.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.3yrs | CA$14.40m | 0.026% CA$ 5.0m | |
| Independent Corporate Director | 9yrs | CA$401.02k | 0.00041% CA$ 79.4k | |
| Independent Corporate Director | 6yrs | CA$377.64k | 0.00076% CA$ 147.2k | |
| Independent Chair | 8yrs | CA$474.61k | 0.0020% CA$ 393.2k | |
| Independent Director | less than a year | CA$156.67k | 0.0010% CA$ 195.6k | |
| Independent Corporate Director | 9yrs | CA$357.05k | 0.00053% CA$ 102.7k | |
| Independent Corporate Director | 10yrs | CA$416.07k | 0.0010% CA$ 203.4k | |
| Independent Corporate Director | 8yrs | CA$470.60k | 0.00061% CA$ 118.2k | |
| Independent Corporate Director | 7yrs | CA$351.38k | 0.0020% CA$ 393.2k | |
| Independent Director | 2yrs | CA$318.60k | no data | |
| Independent Director | 3yrs | CA$339.05k | no data | |
| Independent Director | 3yrs | CA$293.10k | no data |
6.5yrs
Average Tenure
60.5yo
Average Age
Experienced Board: FTS's board of directors are considered experienced (6.5 years average tenure).