Hydro One Ceo Salary 2020
Statement of past compensation.
Hydro one ceo salary 2020. A free inside look at hydro salary trends based on 58 salaries wages for 48 jobs at hydro. In 2019 hydro one disclosed six named executive officers reflecting the current and former ceo the cfo and the next three highest earning executive positions. Manitoba hydro ceo jay grewal earned 521056 for 11. Salaries posted anonymously by hydro employees.
Q3 2020 earnings conference call november 6 2020 800 am et company participants. Ruth bonneville winnipeg free press files. Minister the 45 million in pay received by hydro ones ceo is not a factor in the governments plan to cut. Hydro one and the government have been at loggerheads over executive compensation with the company refusing repeated requests to slash the ceo pay below 2775000.
Mark poweska president ceo. Omar javed vp ir. With nearly 14 million valued customers over c25 billion in assets and 2019 annual revenues of approximately 658 billion mark leads ontarios largest electricity transmission and distribution provider and is a proven leader with a reputation for prioritizing safety exceeding customer expectations cutting costs and. Rickford took the step thursday of issuing a formal directive that compels hydro one to set the ceos base salary no higher than 500000 with a maximum of 1 million in incentives.
Mark poweska is president and ceo of hydro one limited. Hydro one has agreed to cap the annual compensation of its chief executive at 15 million the provincial utility said friday acquiescing to the demands of the progressive conservative. Hydro one ceo 45m salary not part of the equation of cutting electric bills. Hydro ceos 521056 highest among crown bosses.
As a publicly traded company hydro one discloses total compensation for the ceo cfo and next three highest earning executive positions annually in the management information circular mic. Furthermore hydro ones proposed range was at the bottom of its list of peers and would result in a reduction of more than 60 per cent in ceo pay consistent with mr. Best cities for jobs 2020 new.
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