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

ICBC

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Leadership transitions at the College of the Rockies

Paul Vogt steps in to lead the College as former president David Walls retires

Jill Carley new vice-principal at Mt. Baker Secondary

Following the announcement of a new principal for Cranbrook’s high school, a… Continue reading

Council signals interest in interim national auxiliary constable program

Cranbrook city council has expressed interest in continuing with an interim national… Continue reading

Cranbrook city council approves agreement with RecycleBC for curbside collection

Cranbrook city council has taken another step towards curbside recycling collection, unanimously… Continue reading

Kelowna glider pilot crashes in the Columbia Valley

The Transportation Safety Board is investigating the circumstances of the crash

Recent surge in COVID-19 cases not unexpected amid Phase Three of reopening: B.C.’s top doc

Keep circles small, wear masks and be aware of symptoms, Dr. Bonnie Henry says

COVID-19 gives B.C. First Nation rare chance to examine tourism’s impact on grizzly bears

With 40 infrared cameras deployed in Kitasoo-Xai’Xais territory, research will help develop tourism plan with least impact on bears

NDP wants Lower Mainland MLA removed from BC Liberal caucus for alleged homophobia

BC Liberal leader, some MLAs apologize for Christian magazine ads but Laurie Throness doubles down

B.C. health officials pleased with likely extension of Canada-U.S. border closure

Health Minister Adrian Dix says the situation is ‘very serious in the United States’

Children suffer swollen eyes, burns while playing at Lower Mainland spray park

Mission RCMP are investigating incident that injured several children

B.C. NDP changing WorkSafeBC regulations to respond to COVID-19

Employers say reclassifying coronavirus could be ‘ruinous’

Baby raccoon rescued from 10-foot deep drainage pipe on Vancouver Island

‘Its cries were loud, pitiful and heartbreaking,’ Saanich animal control officer says

Statistical flaws led to B.C. wolf cull which didn’t save endangered caribou as estimated

Study finds statistical flaws in an influential 2019 report supporting a wolf cull

Windows broken, racist graffiti left on Okanagan home

Family says nothing like this has happened since they moved to Summerland in 1980s

Most Read