B.H. (Bruce) March has been a significant figure in the energy sector, having served as the CEO of Imperial Oil Limited from 2008 until 2013. March's journey at Imperial Oil began during a pivotal time, following the retirement of previous...

B.H. (Bruce) March has been a significant figure in the energy sector, having served as the CEO of Imperial Oil Limited from 2008 until 2013. March's journey at Imperial Oil began during a pivotal time, following the retirement of previous CEO T.J. Hearn. With almost 30 years at ExxonMobil, which includes experiences in various locations like the U.S., London, and Brussels, he's familiar with the industry's complexities. Under his leadership, Imperial Oil maintained a focus on performance-based growth and shareholder value, reflecting his deep industry knowledge. During his tenure, March's compensation reflected his leadership role with a total of about $3.99 million CAD in 2008, which included salary, bonuses, and stock-based awards that align his interests with the company’s shareholders. After stepping down, he continued working within ExxonMobil as a senior vice president, showcasing his ongoing relationship with the company. March's career illustrates the important link between experienced leaders and the stability and growth of a company in the competitive oil and gas market.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Imperial Oil CEOs

I

B.H. (Bruce) March

Ex-CEO of Imperial Oil

Education

Bachelor of Science in Chemical Engineering

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Energy

Born

April 15, 1963 - 62 years ago

CEO of Imperial Oil for

4 years 10 months (Apr 2008 - Feb 2013)

Previous Experience

Various leadership roles at ExxonMobil

Rivals

Competitors/colleagues of B.H. (Bruce) March

E

Darren W. Woods

CEO of Exxon Mobil

2023 Compensation

Stock

$23.20M

Salary

$1.88M

Bonus

$4.79M

Other

$5.92M

Total Holdings

$204.10M

C

Ryan M. Lance

CEO of ConocoPhillips

2023 Compensation

Stock

$0.00

Salary

$1.74M

Bonus

$0.00

Other

$448.39K

Total Holdings

$13.99M

E

Ezra Y. Yacob

CEO of EOG Resources

2023 Compensation

Stock

$0.00

Salary

$1.17M

Bonus

$2.52M

Other

$373.14K

Total Holdings

$22.37M

O

Brendan McCracken

CEO of Ovintiv

2023 Compensation

Stock

$3.86M

Salary

$1.10M

Bonus

$2.54M

Other

$407.55K

Total Holdings

$7.62M

H

John B. Hess

CEO of Hess

2023 Compensation

Stock

$0.00

Salary

$1.50M

Bonus

$3.72M

Other

$26.33K

Total Holdings

$5.66M

Holdings

See how much did B.H. (Bruce) March make over time.

B.H. March's financial interests in Imperial Oil reflect a complex relationship with ExxonMobil. At one point, he held significant positions in stock options equivalent to over $6.5 million CAD. However, after transitioning from CEO, his focus shifted towards senior vice...

B.H. March's financial interests in Imperial Oil reflect a complex relationship with ExxonMobil. At one point, he held significant positions in stock options equivalent to over $6.5 million CAD. However, after transitioning from CEO, his focus shifted towards senior vice president roles at ExxonMobil, demonstrating a strategic move away from direct stock involvement in Imperial Oil. This transition indicates a reduction in his direct stakes in Imperial over time, while showcasing how leaders in big oil maintain links with parent companies. Despite fluctuations in stock values, his legacy at Imperial Oil remains, particularly during a time of robust shareholder returns.

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Insider Trading

See recent insider trades of B.H. (Bruce) March.

No insider trades found for this CEO.

Compensation History

See how much did B.H. (Bruce) March make over time.

In 2008, B.H. March's total compensation at Imperial Oil reached approximately $3.99 million CAD. This included a base salary of $479,700 CAD, with bonuses tied directly to performance metrics, reflecting his contribution towards the company’s strategic goals. Bonuses were based on operational efficiency and profitability, emphasizing the company's commitment to linking executive pay with shareholder success. A significant portion of his compensation also came from share-based awards, which were designed to tie his success directly to the performance of Imperial Oil's stock. These share awards had long vesting periods, meant to encourage a long-term vision that aligns executive interests with those of investors. This philosophy of rewarding performance ensured that March was not just a figurehead, but actively involved in driving the company's success.

Year

2013

Total Compensation

$2.80M

Salary

$1.20M

Board Justification

The compensation philosophy aligns with company performance, focusing on long-term shareholder value and competitive benchmarking against industry peers.

Bonus

$500.00K

Board Justification

The bonus is based on the company's performance metrics including operational efficiency and profitability for the year 2013.

Other

$300.00K

Board Justification

Other compensation includes retirement contributions and perquisites such as health benefits and insurance.

Restricted Stock

$800.00K(20K RSU)

Board Justification

The stock that vested in 2013 is based on performance-based equity awards granted in previous years, which vested upon meeting specific performance targets.

Performance Metrics

The performance metrics include financial targets such as earnings per share growth and return on capital employed.

Other Imperial Oil CEOs

Here are other CEOs of Imperial Oil

T.J. (Tim) Hearn

Ex-CEO of Imperial Oil

June 2005 - March 2008

R.M. (Rich) Kruger

Ex-CEO of Imperial Oil

March 2013 - December 2019