Pierre Duhaime To Get Departure Package From SNC-Lavlin
Post on 04,April 2012   10:00 AM
By - PolyEyes Staff
views 5664

Montreal,Apr,4: SNC-Lavalin a Geological consultancy organization has decided to compensate its former CEO Pierre Duhaime nearly $5 million as a golden handshake after relieving him of his duties in March.

Pierre Duhaime, 57, will remain an SNC employee until June 27 wethout having any responsibility, the Montreal-based company said in a regulatory filing ahead of its AGM.

"The board of directors was careful to consider a range of factors in structuring the terms and conditions for the former president and CEO's departure," said the proxy circular.

SNC-Lavalin said Duhaime was taking his retirement after he was "relieved of his duties" for approving $56 million in payments to undisclosed agents, breaching the company's code of conduct.

His departure compensation includes the payment of $1.9 million in salary continuance over two years beginning in June.

He will also get the $115,500 in benefits, $55,000 in professional development and transition assistance.

SNC-Lavalin said Pierre Duhaime's total compensation last year was $2.7 million, half the $4.8 million total in 2010.

Last year's value included a base salary of $950,000 which increased 62 per cent from when he became CEO in 2009.SNC-Lavalin's Interim CEO Ian Bourne will earn the same base salary of $950,000.

 


Back
Comments ( 0 )
Add a comment
Your name: *
E-mail:
The content of this field is kept private and will not be shown publicly.
Title:


Related Articles

Prelims Online Test Series
UPSC 2026 Prelims Test Series Registration Link

REGISTRATION
BPSC 2025-26 (71TH) PRELIMS Test Series

REGISTRATION
PolyEyes Recent Updates
Most Recent Comments

Sir I've lost my admit card and I also forget my roll no

Please  help me in other ways 

by Vivek Tigga
From:JPSC 5TH Admit Card Download Link

Dear Sir,

After login when i click on attempt button to take test a error msg show "Test series ended", plesae resolve this issue.

by Tarani Kumar
From:BPSC 71ST Prelims Test Series Details

sir, my name is SWARUP ANAND, my DOB- 01/03/1984, my father’s name- SANTOSH KUMAR SRIVASTWA. I have loss my admit card. Please tell my roll number.

by SWARUP ANAND
From:Download BPSC 56TH-59TH Prelims Admit Card From www.bpsc.bih.nic.in

nice information

by Gulshan
From:Important Facts About Jharkhand

BPSC mains 56th-59th me Roll No. 119040 pass hai aur PT me fail. Mahabhrstachar hai. pls see it must

by KRISHNA KUMAR
From:Bihar Public Service Commission (BPSC) 2016-17 Prelims Expected Cut-off

I am thankful for PolyEyes for most authentic Online BPSC Test Series. These Test are life support for working Aspirant.

by Rahul Ranjan
From:BPSC 71ST Prelims Test Series Details

sir please tell the authenticity of this news .there is no such news on bpsc website and i heard 17 june as the exam date .please clarify the doubt

by Pushkar Verma
From:BPSC 63rd Prelims on July 1

r u providing test for BPSC in HINDI medium ?

plz intimate me through emails about BPSC test packages and details of packages and its rate. how many test and when it will be taken plz send details about ur package plans.

by Rajeev Ranjan Kumar
From:BPSC 71ST Prelims Test Series Details

Yes Test is available in Hindi as well English and Total Number of Test and Registration details already given above

by Help Desk
From:BPSC 71ST Prelims Test Series Details

Best thing im loving about This Test series is its Explanation part. Crisp and to the Point. Thanku Polyeyes.

by Tirath Sukla
From:BPSC 71ST Prelims Test Series Details
 
 
1/10
 
 
Get RSS Feeds
  • All Stories
  • Recently Published Stories
  • Most Viewed Stories
  • Just In Photos
  • Most Viewed Photos