Hydro One Ceo Salary

Grewal who took over as hydro president and ceo on feb.

Hydro one ceo salary. Ontario issued a directive thursday to hydro one ordering it to pay its ceo no more than 15 million per year substantially less than the partially. Minister the 45 million in pay received by hydro ones ceo is not a factor in the governments plan to cut. 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. The canadian pressdarren calabrese.

Fred lumthe globe and mail. 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. Statement of past compensation. At 44 million in salary and bonuses in 2016 hydro one ceo mayo schmidt is well above the alberta ceo whose pay package topped out at 22 million in 2015.

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. 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. Hydro one ceo 45m salary not part of the equation of cutting electric bills. Hydro one will pay its ceo a base salary of 850000 for next year with a potential 765000 in short term compensation and a long term incentive of as much as 239 million the filing said.

Energy minister greg rickford ordered hydro one earlier this month to ensure its next head earns no more than 15 million a year about half the 278 million the publicly traded company had. The chief financial officer will get a base salary of 500000 and total direct compensation of as much as 15 million. Arguably hydro one would be justified in setting ceo compensation at 3 million bringing it more in line with its peers.