Here's how much BC's highest-paid executives earned last year

Jul 19 2019, 3:37 pm

The Ministry of Finance has released the financial earnings of the top executives in the public sector.

In British Columbia, businesses and organizations within the public sector are required to disclose all compensation that is paid to the CEO and the next four highest-paid executives that earn more than $125,000 annually.

Executive compensation is then shared with the public as a means of practicing transparency, as well as accountability.

This includes Crown corporations and agencies, post-secondary institutions and research universities, health authorities, government employees, and K-12 school districts.

The BC Investment Management Corporation, BC Pension Corporation, Translink, and the BC Ferry Corporation are not included in this report, because they don’t qualify as a public organization under BC’s Public Sector Employers Act.

This year, four university executives were included in the top 10.

The top 10 highest-paid executives in BC’s public sector in 2018-19 is as follows:

See also

10. Mark Poweska, executive vice-president, operations, BC Hydro

Salary: $285,667
Holdback/bonus: $54,303
Benefits: $20,484
Pension: $61,418
All other compensation: $874
Total compensation 2018-19: $422,746
Total compensation 2017-18: $405,720

9. James Cassels, president and vice chancellor, University of Victoria

Salary: $378,388
Holdback/bonus: $0
Benefits: $7,318
Pension: $47,138
All other compensation: $135
Total compensation 2018-19: $432,979
Total compensation 2017-18: $423,215

8. Andrew Petter, president, Simon Fraser University

Salary: $328,870
Holdback/bonus: $33,000
Benefits: $9,986
Pension: $32,468
All other compensation: $35,586
Total compensation 2018-19: $439,910
Total compensation 2017-18: $439,460

7. Andrew Szeri, vice-president academic and provost, University of British Columbia

Salary: $395,698
Holdback/bonus: $0
Benefits: $8,312
Pension: $38,620
All other compensation: $1,785
Total compensation 2018-19: $444,415
Total compensation 2017-18: $326,124

6. Nicolas Jimenez, president and CEO, ICBC

Salary: $381,601
Holdback/bonus: $0
Benefits: $17,443
Pension: $67,257
All other compensation: $2,482
Total compensation 2018-19: $468,783
Total compensation 2017-18: $382,132

5. Ken Cretney, president and CEO, BC Pavilion Corporation

Salary: $247,797
Holdback/bonus: $173,872
Benefits: $13,254
Pension: $24,408
All other compensation: $13,620
Total compensation 2018-19: $472,951
Total compensation 2017-18: $372,453

4. Brenda Leong, chair, BC Securities Commission

Salary: $439,764
Holdback/bonus: $0
Benefits: $12,754
Pension: $43,317
All other compensation: $7,013
Total compensation 2018-19: $502,848
Total compensation 2017-18: $639,702

3. Chris O’Riley, president and COO, BC Hydro

Salary: $365,190
Holdback/bonus: $34,223
Benefits: $29,273
Pension: $78,516
All other compensation: $47,698
Total compensation 2018-19: $554,900
Total compensation 2017-18: $529,184

2. Santa J. Ono, president and vice-chancellor, University of British Columbia

Salary: $470,000
Holdback/bonus: $0
Benefits: $11,931
Pension: $46,050
All other compensation: $73,791
Total compensation 2018-19: $601,772
Total compensation 2017-18: $595,848

1. Thomas Bechard, president and CEO, Powerex

Salary: $358,800
Holdback/bonus: $540,000
Benefits: $19,348
Pension: $17,512
All other compensation: $2,839
Total compensation 2018-19: $938,499
Total compensation 2017-18: $898,258

Note: Total compensation includes base salary, holdback or bonus, statutory and health benefits, and pension contributions, as well as other allowances and/or payments, which may include vacation payout, sick leave payout, vehicle allowance, paid parking, severance/salary continuance, retirement allowance, professional fees and administrative leave.