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

Three former ICBC executives earned more than $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

Just Posted

Ferry connecting Port Hardy and Bella Coola expected to set sail this summer

Its first in-service route will sail in central coast waters on May 18, 2019.

BC Parks Student Ranger Program accepting applications for 2019 season

12 crews of four student rangers will work in regions throughout the province including Bella Coola.

Over $650,00 given to rural communities thanks to Rural Dividends

Five communities, including Williams Lake, are receiving $10,000 for project grants

Pregnant Cariboo firefighter tries to save own house from blaze

Julia Flinton and Anthony Sellars both worked on the 2017 wildfires

Road report for Highway 20

Fog patches and slippery sections; Drive BC

VIDEO: U.S. Congress to probe whether Trump told lawyer Cohen to lie

At issue is a BuzzFeed News report that about negotiations over a Moscow real estate project

Charges upgraded against mother of murdered B.C. girl

Kerryann Lewis now faces first- rather than second-degree murder in the death of Aaliyah Rosa.

UPDATE: Injured firefighter in stable condition

Kelowna fire crews responded to a blaze at Pope’sGallery of BC Art & Photography on Friday

Rare ‘super blood wolf moon’ takes to the skies this Sunday

Celestial event happens only three times this century

Arrest made after historic B.C. church hit by arson

The fire at the 150-year-old Murray United Church in Merritt was considered a possible hate crime

B.C. dangerous offender in court for violating no-contact order, sends letter to victim

Wayne Belleville was shocked to see a letter addressed to him from his shooter, Ronald Teneycke

Man blames his loud car radio, sirens for crash with B.C. ambulance

Tribunal rejects bid to recoup ICBC costs after crash deemed 100-per-cent his fault

RECALL: Salmon Village maple salmon nuggets

Customers warned not to eat product due to possible Listeria contamination

More than 100,000 toxic toys named in Canada-wide recall

Plastic doll contains levels of phthalates over allowable limit and may pose chemical hazard

Most Read