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

STARS transports man with gunshot wound

Reports of man involved in hunting incident air lifted out of Fairmont Hot Springs airport

When it’s all fun and games… and a little dust

An inside look at how Mainstreet Fun and Games chooses inventory

Accordion “still always big in demand”

Franz Grasegger invited to play on summer music tour with accordion

Hop downtown to hug the Easter Bunny

Easter activities across the Valley

Support through grief at hospice society

7th annual Butterfly Gala raises funds for Hospice Society of the Columbia Valley

Easter bombings a response to New Zealand attacks, says Sri Lanka minister

The Islamic State group asserted it was responsible for the nine bombings

New commemorative loonie marking ‘progress’ for LGBTQ2 people to be unveiled today

But advocates say it mistakenly suggests equality has been achieved largely as a result of government actions

B.C. VIEWS: NDP’s lawyer show is turning into a horror movie

Court actions pile up over pipelines, car insurance, care aides

PHOTOS: Green Party Leader Elizabeth May says ‘I do’ on Earth Day

May and John Kidder got married Monday morning in Victoria

Sri Lanka invokes war-time military powers after nearly 300 killed in Easter bombings

Sri Lanka’s minister of tourism says 39 foreign tourists were killed in the Easter Sunday attacks

Ex-mayor of northern village claims its drivers are overpaying ICBC $1,800 a year

Darcy Repen says data shows Telkwa households are being ripped off for car insurance

Deadly synthetic drug found in Kamloops that puts users in ‘zombielike’ state

Interior Health warning says substance causes ‘speedy, trippy-like symptoms’ and hallucinations

Trudeau to be portrayed on ‘Simpsons’ episode

Toronto journalist who’s posted videos of himself doing impressions of the PM voiced him for the show

New MRI unit increases access

Interior Health aims for 5100 exams in Cranbrook this year

Most Read