B.C. Attorney General David Eby has vowed to clean up the financial dumpster fire that is ICBC. (Black Press file photo)

Trio of former ICBC executives earned at total of more $1 million in 2017-18

Mark Blucher, former president and chief executive officer, received a total of $320,260.

Three former ICBC executives earned a total of roughly $1 million in the financial year 2017-2018 according to financial disclosure information.

RELATED: ICBC in ‘financial dumpster fire’: minister

Mark Blucher, former president and chief executive officer, received a total compensation of $320,260.

Geri Prior, former chief financial officer, earned $415,685, while Barbara Meens Thistle, former vice president, central services, pulled in $274,021.

These figures for former ICBC executives added up to just over $1 million and accounted for about a third of total compensation that ICBC executives received in 2017-2018.

RELATED: ICBC projects deficit of $1.3 billion this year

Blucher left ICBC for Central 1 Credit Union in late 2017, replacing Don Wright, who left the credit union to head the public service in British Columbia.

Meens Thistle joined the University of British Columbia, while Prior, CIBC’s top-paid executive, retired last year. Prior also won the 2017 Lifetime Achievement award from the Association of Women in Finance.

RELATED: ICBC board members replaced before NDP overhaul

Bill Carpenter, chief financial officer and chief actuary, led all all current ICBC executives with a total compensation of $404,469, followed by Kathy Parslow, vice president for claims and driver licensing, who earned $397,768, and Nicolas Jimenez, interim president and chief executive officer, with $382,132.

While executive pay represents just a part of the larger financial issues currently confronting ICBC, a 2012 auditor’s report raised considerable concern about excessive compensation for executives.

wolfgang.depner@saanichnews.com


Like us on Facebook and follow us on Twitter

ICBC

Just Posted

Stone Soup charity gets stone cold response to recycling efforts in Nanaimo

City orders ongoing fundraising through recycling stopped due to neighbourhood complaints

Missing python found under vehicle in Victoria

The snake was located more than six kilometres from where it went missing

Feeding ducks bread crumbs is a harmful habit

Wild Arc suggests to never feed wildlife in general

UVic political scientist wants B.C. pulp mills to help produce masks, gowns

Claire Cutler says Canada needs to become self-sufficient when manufacturing PPE

Nanaimo firefighters get soaked to help burn fund

Firefighters film gag video wins people’s choice award

B.C. records new COVID-19 death, 85 more cases; Horgan calls on celebrity help

This brings the total number of active confirmed cases to 531 across the province

Oak Bay neighbourhoods rocked by blasting activity

With work-from-home increasing, Oak Bay seeks new rock blasting bylaw regarding ‘continuous’ noise

20-storey hotel proposed for downtown Victoria

Wintergarden Hotel proposed for block of Blanshard Street between Fort and View streets

Vancouver Island man looks back on 102 years

It’s been a century-long journey for the Comox Valley’s Doug de Wolff

Wedding party bear sprayed at Okanagan campsite irks locals

Latest criminal activity at the Meadows leaves locals frustrated

Paramedics fired for allowing patient to crawl for treatment on Downtown Eastside: court documents

The man spent three days in intensive care and three months recovering in hospital from sepsis

Feds seeking private consultant to design firearm buyback program

The ban covers some 1,500 models and variants of what the government considers assault-style weapons

Face masks for teachers can impact learning on young children, experts say

Face coverings, mandatory in most indoor public places across the province, can help limit the spread of COVID-19

Most Read