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

No charges against cop accused of stuffing money into sock during search

BC Prosecution Service says not enough evidence against Abbotsford officer

$7.4 million in funding for seniors’ housing in Mission

Province announced today that it will provide funding for 74 new housing units for local seniors

Gas prices in Metro Vancouver to drop six cents

But a ‘volatile’ market could lead to increases in the coming weeks

Abbotsford murder victim identified as Jagvir Malhi

Police say killing linked to Lower Mainland gang conflict

UPDATE: Man, 19, dies in shooting on Ross Road in Abbotsford

Victim was airlifted to hospital Monday afternoon, but died shortly afterwards

People flocking to Vancouver Island city to see hundreds of sea lions

Each year the combination of Steller and California sea lions take over Cowichan Bay

Protesters confront Environment Minister in B.C.

Protesters wanting more for killer whales confront Catherine McKenna

Humans reshaping evolutionary history of species around the globe: paper

University of British Columbia researcher had the paper published in the Proceedings of the Royal Society

Toronto ‘carding’ activist Desmond Cole stopped by police in Vancouver

Cole says his experience reveals what daily life is like for black and Indigenous residents

Tubing, skating, light display part of new winter festival in Vancouver

Set to open Nov. 23, the six-week festival will take over Vancouver’s Concord Pacific Centre

Commercial trucks banned from left lane of Coquihalla

B.C.’s Ministry of Transportation has introduced a new program that hopes to prevent accidents and closures on the Coquihalla Highway.

B.C. on track to record same number of overdose deaths as last year

128 people died of overdoses in September, bringing the total to more than 1,100 so far in 2018

B.C. firefighters rescue horse stuck in mud

‘It happens more often than you’d think,’ says deputy chief

Regulatory confusion over ‘toxic’ stink near Abbotsford school

Officials sniffing out which regulators responsible for enforcing compliance at neighbouring property

Most Read