Richard A. Navarre is the CEO and Chairman of Civeo Corporation. He has been in leadership at Civeo since 2014, overseeing the company’s growth in the energy sector. His background in engineering comes from his Bachelor's degree at the University...

Richard A. Navarre is the CEO and Chairman of Civeo Corporation. He has been in leadership at Civeo since 2014, overseeing the company’s growth in the energy sector. His background in engineering comes from his Bachelor's degree at the University of Alberta, which laid the foundation for his career. Before Civeo, he was a top executive at Peabody Energy, leading as President and Chief Commercial Officer. Navarre also holds directorial roles in several other companies, demonstrating his influence in the industry. Notably, his CEO compensation peaked in 2021 at around $5 million, including a significant performance bonus. He is known for making strategic moves that align Civeo’s interests with shareholder value, which speaks to his understanding of both business and investment. His career insights and practical experience make him a key player in the energy space and a driving force at Civeo.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Civeo CEOs

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Richard A. Navarre

Ex-CEO of Civeo

Education

Bachelor's degree in Engineering from the University of Alberta.

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Industrials

Born

October 5, 1963 - 61 years ago

CEO of Civeo for

4 years 4 months (Feb 2017 - Jul 2021)

Previous Experience

Served as a director of Civeo since May 2014, previously held various leadership roles in the energy sector.

Rivals

Competitors/colleagues of Richard A. Navarre

Holdings

See how much did Richard A. Navarre make over time.

As the CEO, Richard A. Navarre has made significant investments in Civeo, with his holdings reflecting his commitment to the company. In 2019, his vested stock from performance shares reached an impressive $4.06 million, marking a high point in his...

As the CEO, Richard A. Navarre has made significant investments in Civeo, with his holdings reflecting his commitment to the company. In 2019, his vested stock from performance shares reached an impressive $4.06 million, marking a high point in his net worth tied to Civeo's success. In 2021, despite fluctuations in his portfolio due to changes in stock values, his substantial compensation package indicated confidence in the company’s direction, valued at approximately $5 million for that year. This alignment of his personal wealth with Civeo's performance highlights his vested interest in its long-term success.

Mar 17, 2025

B

shares

BTU @ $13.35

C

shares

CVEO @ $20.74

N

shares

NRP @ $105.93

Insider Trading

See recent insider trades of Richard A. Navarre.

CVEO

6,768 shares

CVEO

May 15, 2024

Received

CVEO

8,192 shares

CVEO

May 17, 2023

Received

CVEO

515 shares

CVEO

Mar 31, 2023

Received

CVEO

301 shares

CVEO

Dec 31, 2022

Received

CVEO

373 shares

CVEO

Sep 30, 2022

Received

CVEO

362 shares

CVEO

Jun 30, 2022

Received

CVEO

4,879 shares

CVEO

May 18, 2022

Received

CVEO

397 shares

CVEO

Mar 31, 2022

Received

CVEO

489 shares

CVEO

Dec 31, 2021

Received

CVEO

417 shares

CVEO

Sep 30, 2021

Received

Compensation History

See how much did Richard A. Navarre make over time.

Richard A. Navarre's compensation as CEO of Civeo has varied significantly over recent years. In 2021, he earned a total of approximately $5 million, which included a salary of $744,808 and a performance-based bonus of $1,336,323. This bonus was tied directly to meeting financial and safety goals, which is a big part of Civeo's strategy. His compensation structure shows a clear focus on aligning with shareholder interests, as well as emphasizing performance-driven incentives. Past compensation figures reveal his journey from earning around $315,889 in 2017 to this peak. It’s evident that as Civeo has navigated various challenges and opportunities in the energy sector, Navarre's financial rewards have reflected his leadership effectiveness and the company's performance.

Year

2021

Total Compensation

$3.36M

Salary

$744.81K

Board Justification

Civeo's compensation philosophy aims to attract, motivate, reward, and retain executives with the experience and talent to achieve short-term goals and successfully execute long-term strategic plans. The compensation structure is designed to align executive interests with those of shareholders and to ensure that compensation does not promote excessive risk-taking.

Bonus

$1.34M

Board Justification

The bonus is based on the Annual Incentive Compensation Plan (AICP) which rewards the achievement of defined annual financial and safety objectives. For 2021, the performance metrics included consolidated adjusted operating cash flow and safety performance, with a maximum payout of 120% for overachievement.

Other

$17.12K

Board Justification

Other compensation includes contributions to retirement plans and imputed income from life insurance benefits.

Restricted Stock

$1.26M(63.45K Phantom Share Units and Performance Shares)

Board Justification

The vested stock includes phantom share units and performance shares that were granted in 2021, with a vesting schedule of one-third per year for phantom units and cliff vesting for performance shares after three years.

Performance Metrics

The performance metrics for 2021 included consolidated adjusted operating cash flow, divisional EBITDA, and safety performance measured by Total Recordable Incident Rate (TRIR).

Other Civeo CEOs

Here are other CEOs of Civeo

Bradley J. Dodson

Ex-CEO of Civeo

May 2014 - February 2017

E. Collin Gerry

CEO of Civeo

August 2024 - Present