brian hannasch salaryruth putnam the crucible
So despite not being able to meet them in person since the acquisition, weve had some great conversations and they have added value back to us already. As you know, the pipeline was completely shut down for several days, which especially impacted our fuel supply in our business and for the industry, spanning all the way from Texas up through the North and Great Lakes regions. Our new stores remain an important organic growth lever across the network and we are seeing the solid return on investment. So next question is from Derek Dley at Canaccord Genuity. We also continue to invest in our business preparing for the future and eventual return to pre-pandemic traffic levels. Claude, you noted that as part of your strategic review, you have been selling in certain locations and although saw it in the release, should we expect to see more of such sales in the fiscal year? Yes, yes. Weitere Informationen darber, wie wir Ihre personenbezogenen Daten nutzen, finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. We will now move on to the fuel side of our business. However, for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. We can closely monitoring that and always evaluating their price and engaging our analytics teams to watch elasticity closely. 2,000 stores, rolling out more frictionless payment options, progressing our data and analytics work and our fuel procurement and transport capabilities. So, we continue to sign people up this summer, you will see more around gamified promotions, gamified activities has been strong for us, both in Europe and in North America, and we will continue that with a strong focus on beverage to the summer months. The company operates its convenience stores chain under various banners, including Circle K, Corner Stone, Couche-Tard, Holiday, Ingo, and Mac's. Good. Next on the agenda, we will focus on the data and analytics teams on optimizing assortment and promotional activities at the local store level. Our plans this fiscal year to expand this to an additional 3,500 sites. We also opened this quarter an exciting flagship store in Kongsberg, Norway, with our first forecourt is fully electric with 300-kilowatt speed chargers under large canopy covered in solar panels. We have multiple pilots in place and feel this is a very material opportunity for our company. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. Brian Hannasch President and Chief Executive Officer. So, thank you, Patricia. Mr. Hannasch owns 512 shares of AutoZone stock worth more than $1,271,542 as of July 4th. For the fourth quarter of fiscal 2021, normalized operating expense decreased by 2.9%, driven by government grants of $41 million, cost and labor efficiencies, lower level of COVID-19 related expenses as well as rigorous work in activities initiated to streamline and minimize our controllable expenses. And do you see the likelihood of OpEx requirements rising at an accelerated pace over the next few years because of these inflationary factors mentioned as well as a return to normal operations as the pandemic fades? People are switching to healthier alternative ways to consume nicotine and will be a part of helping them on that journey. Thats big. Excluding certain items for both comparable periods, adjusted net earnings for the quarter our fourth quarter of fiscal 2021 were approximately $564 million or $0.52 per share on a diluted basis compared with $0.47 per share for the fourth quarter of fiscal 2020, which represents an increase of 10.6%. We do now have this widely deployed across our geographies with the next step to continue to increase the percent of the categories covered. Ryan Lasch Contract, Salary Cap Details & Breakdowns | Spotrac Public Private Court, Arrest, Lawsuits, Bankruptcy Records & Sex Offender Status Check all background information that MyLife has gathered. Thats non-cigarettes being greater than cigarette margins in our stores. And how should we think about the evolution or performance of these as we go through reopening? This report is not for commercial use. Contract: 2 yr(s) / $1,250,000 Signing Bonus - $0 came from other types of compensation. Have a great day, everyone. That I guess that turns us to the M&A side. Derek, I wouldnt call it normal yet for sure, but we are seeing some trends. The oldest executive at Alimentation Couche-Tard, Inc. is RichardFortin, 71, who is the Co-Founder, Director. What explains the recent disconnect versus your Circle relationship? With the recent introduction of our Circle K Pro digital platform, we have made it easier for our valued fleet customers to get charging services combined with fuel and convenience since you are getting all their Circle K needs at the lowest total cost of mobility. So, we are not at normal yet. Just a couple of remarks in closing. The adjusted income tax rate for fiscal 2021 was 19.5% compared with an adjusted income tax rate of 19.9% for fiscal 2020. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. In the face of this, we are doing a lot to maintain staffing levels. Learn More about Brian Hannasch's net worth. The stock was acquired at an average cost of $1,901.95 per share, with a total value of $252,959.35. . Has the breakeven point moderated compared to the height of the pandemic or has it remained largely the same because of rising cost pressures from labor shortages and EMV compliance? We have a heavy focus online hiring, online visibility. The next question comes from Peter Sklar at BMO Capital Markets. And if so, what are we as of the product assortment? Brian Hannasch Net Worth, Biography, and Insider Trading $0 was received as options, All proxy statements are public filings made available to the general public by the SEC. $0 was received as fees earned or paid in cash, Its a tool in our tool belt that we are going to use when we are under our target leverage ratio of 2.25x. CSP's Retail Leader of the Year 2021: Brian Hannasch - CSP Daily News Total Named Director Compensation: The sum of all dollar values above. Our financial results will be presented by Mr. Brian Hannasch, President and Chief Executive Officer and Mr. Claude Tessier, Chief Financial Officer. Was there an effort to sacrifice some volume by raising margin? Finally, on June 29, 2021, the Board of Directors declared a quarterly dividend of CAD0.0875 per share and approved its payment for July 22, 2021. Ergothrapeute - CRF Saint Vincent de Paul - LinkedIn Brian Hannasch is President and Chief Executive Officer of Alimentation Couche-Tard since 2014 and served as its Chief Operating Officer from 2010 to 2014. And is the inflation having any notable impact on customer demand? Vendeur itinrant pices de rechange. But as we think about it, we see fuel volumes have remained below their historical levels. Id say our focus right now would be in Southeast Asia, countries like a Vietnam would be an example where weve got an emerging class with disposable income, which leads to modern retail meets the convenience. But there have been material structural things that blocked our ability to deploy that at the same pace or have that same level of success in North America. including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. The company was formerly known as Actidev Inc. and changed its name to Alimentation Couche-Tard Inc. in December 1994. They have also lived in Oak Forest, IL and Cockeysville, MD. Second, Id add, weve brought in Louise Warner. I will now go over some key figures for the quarter. AUTOZONE INC annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Bernard Soudan - La Motte-Servolex, Auvergne-Rhne-Alpes, France The company operates its convenience stores chain under various banners, including Circle K, Corner Stone, Couche-Tard, Holiday, Ingo, and Mac's. As the Pres and CEO & Director of Alimentation Couche-Tard, the total compensation of Mr Hannasch at Alimentation Couche-Tard is CAD$5,835,223. There is 25 states that have either announced or ended supplemental unemployment benefits in the U.S. And we are seeing again increased outflow in those states. We hope that you are going to join us for our upcoming virtual event on July 14, where we will be hearing from several members of our management team regarding our businesses and some of our key initiatives. I want to thank our fuel and operational teams and our supply partners for their tireless work over the course of these many weeks, actively buying products at alternative locations, shuffling resources with areas with limited product availability and over longer hauls and putting in massive efforts to get our sites wet for our customers, especially prior to the Memorial holiday. During this most recent quarter, excluding the net impact from foreign currency translation, merchandise and service revenues for the fourth quarter of fiscal 2021 increased by approximately $411 million, or 12.7%. It has stores in the United States, Mexico, and Brazil. As the Pres and CEO & Director of Alimentation Couche-Tard, the total compensation of Mr Hannasch at Alimentation Couche-Tard is CAD$5,835,223. For example, tobacco has been a category that we really havent deployed this into, and we think there is big opportunities. The next question is from Chris Li at Desjardins Securities. Well, we are still feeling very good about our capacity to create value to M&A. You can talk about the cost of aluminum can, as an example. Information on this page was last updated on 6/30/2023. Any structural change to think about that are informing your views. So its a moving target, but one that were committed to watching closely and again, just providing a consistent value to our customers as we go forward. [Foreign Language]. Specifically, how rationally do you think operators will react to higher wage and product cost inflation? 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Its part of our DNA. Turning to our Circle K fuel supply, over the course of the year, we converted 450 refiner branded sites to Circle K fuel. There is always a balance to do we have enough or too much. Were certainly seeing benefits early on from our Musket partnership combines one of the largest gasoline shorts in the world, ours with one of the largest diesel shorts from the Loves side. Yes, Id start by saying were proud of the role that we and our industry plays in selling age-restricted products globally. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Overview CB Rank (Person) 67,542 Primary Job Title President and Chief Executive Officer Primary Organization Alimentation Couche-Tard, Inc. Learn More on Brian Hannasch's trading history. Moving to Graeme Kreindlers from Eight Capital. We are closely watching the regulatory front in North America and I am very pleased personally that [indiscernible] for a level and open playing field on behalf of our industry in the cannabis space. AUTOZONE INC income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. CEO Compensation Analysis Compensation vs Market: Brian's total compensation ($USD9.64M) is about average for companies of similar size in the Canadian market ($USD8.30M). Therefore, our future results could differ from the information discussed today. Second question from Irene. We certainly cant ignore the wage levels that we are seeing in some of our markets, but we are striving to keep our costs as variable as we can, believing that some of this pressure is short-term. So patience is key, like Brian mentioned, we are involved in multiple opportunities and are opportunistic to continue our growth through M&A in the future. So something may happen quickly or it may take a while. Across the board, we have had positive trends in same-store sales and volumes as traffic is returning to our locations with rural and suburban recovering at a faster rate than urban. Its convenience stores sell tobacco products, grocery items, candies and snacks, beer, wine, beverages, and fresh food offerings; road transportation fuels; and stationary energy and aviation fuels. U.S. industry today in those legalized states is extremely fragmented on the retail side, so we believe there will be meaningful opportunities for a scaled retailer with the right offer. I would say volumes have been very volatile. And so weve been pleased with our partnerships with Canopy Growth and with Fire & Flower in Canada and pleased with the progress. Were seeing more single-serve which both of those help margin. Also through a partnership with both Musket and Trillium, a leading provider of alternative fuels, we recently began converting our company-owned fuel delivery tankers in California to renewable natural gas as part of our sustainability efforts to reduce methane emissions. 129.81K Follower s Play Earnings Call Alimentation Couche-Tard Inc. ( OTCPK:ANCUF) Q4 2021 Earnings Conference Call June 30, 2021 8:00 AM ET Company Participants Mathieu Descheneaux - Vice. Circle K CEO Email & Net Worth | Brian Hannasch Salary & Wife There are no executives at Alimentation Couche-Tard getting paid more. The most recent insider tranaction occured on June, 30th when VP Albert Saltiel sold 2,245 shares worth more than $5,612,500.00. Brian P. Hannasch is the Pres, CEO & Director at Alimentation Couche-Tard. This quarter, we have expanded the reach of our Fresh Food Fast program bringing the offering to Canada. The next question comes from Bobby Griffin at Raymond James. Its also important to note that during the quarter in fiscal 2021, under our November 24, 2020 share repurchase program, we repurchased 17.4 million and 33.3 million Class B subordinate voting shares, respectively. Now that Circle K Hong Kong has been closed for a period of time, can you talk more about the potential M&A opportunities in Asia and which countries are attractive for Couche-Tard? Thorough reviews have been conducted to assure this data accurately reflects disclosures. The variation in exchange rate had a net positive impact of approximately $45 million. There are 5 older and 2 younger executives at Alimentation Couche-Tard. The road transportation fuel gross margin in fiscal 2021 was $0.3528 per gallon in the $0.1099 per liter in Europe and other regions, and in Canada, CAD0.1036 per liter. It is also involved in the sale of lottery tickets, calling cards, gift cards, postage stamps, and bus tickets; issuance of money orders; and provision of automatic teller machines and car wash services. As of April 25, 2021, our return on equity remains strong at 24.3%, and our return on capital employed stood at 15.9%. And all this fits particularly well with the conversion to our own brands, which allows us to be a lot more flexible on the supply side. So our focus is on reducing costs at store level, primarily such as unnecessary labor hours or maintenance or noncustomer facing activities that could be done otherwise. So in no way have we consciously decided to sacrifice volume for margin. You cant travel between the U.S. and Canada as an example, and then parts of Europe have the same restrictions. Compensation vs Earnings: Brian's compensation has been consistent with company performance over the past year. But it also created a HUGE opportunity for savvy investors. But were also seeing differences within states between rural, urban and suburban with rural recovering at a faster pace than urban for obvious reasons. So as states and borders continue to open, we believe there is a pent-up demand and people will hit the roads. We believe we can continue to create strategic advantages that a lot of the industry cant achieve. Alimentation Couche-Tard Inc.'s (ANCUF) CEO Brian Hannasch on Q4 2022 LAVAL, Quebec Brian Hannasch has led the tremendous expansion of Alimentation Couche-Tard Inc. (ACT), driving organic growth while executing and integrating multibillion-dollar acquisitions. Great. To close, I would like to highlight and thank our team for the work they have accomplished throughout the last year, ensuring that we emerge from the pandemic in a strong financial position and ready to accelerate capital deployment towards our strategic initiative while always remaining focused on driving value creation for our employees, customers and shareholders. What Did Alimentation Couche-Tard Inc.'s (TSE:ATD.B) CEO Take Home Last During the last weeks of the quarter, restrictions began to be lifted in parts of our network, particularly in the U.S. and we are cautiously optimistic that as vaccination ramps up across the world, we will continue to see traffic improve. We thank you, everyone, for joining me. We believe this relationship will dramatically accelerate our supply and trading capabilities, again further differentiating how we procure and deliver fuel from other competitors in the industry. 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Its convenience stores sell tobacco products, grocery items, candies and snacks, beer, wine, beverages, and fresh food offerings; road transportation fuels; and stationary energy and aviation fuels. Across the network this year, we opened new horizon concepts with a refreshed brand look and feel in the U.S., Canada, Sweden and Lithuania. And I think this is a platform for that. They are continuing to grow. EMEA +44 20 7330 7500. We have also expanded our brands, particularly online and on the forecourt, making them increasingly more modern and recognizable in every part of our customers journey. AUTOZONE INC Board Member Brian Hannasch | Salary.com See the breakdown of the total annual compensation for Brian Hannasch for being a board member of AUTOZONE INC, as well as other members of the Board of Directors for AUTOZONE INC And thats not only across countries and markets as they reopen at different paces. Do you expect to see a rise in fuel volume associated with Americans and to a lesser degree, Canadians traveling more this summer by road compared to last year? Brian Hannasch Net Worth (2023) | wallmine And you combine those it creates very unique opportunities around the procurement and around creating value for our refining partners. And again, fuel volumes. The contribution from acquisition amounted to approximately $44 million. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. PDF &/$66(0(17 0,1,0(6 0dvfxolqv 5(*,21 $85$ Oh Mdqylhu We talked about our Fresh Food Fast big ambition there to roll that out to 3,000 stores. So while weve deployed broadly across geographies, the categories of SKUs covered, thats still a journey and whats happening quickly. So we believe we will be able to effectively pass along any material cost increases without any significant impact on demand in our stores. As the President, Chief Executive Officer e Director of Alimentation Couche-Tard, the total compensation of Brian Hannasch at Alimentation Couche-Tard is $13,081,500. And our first question comes from Patricia Baker at Scotia. We now have a pilot in Denmark for the new self-service options and have introduced more freshly produced and hot food choices. Additionally, the company provides a sales program that offers commercial credit and delivery of parts and other products; sells automotive diagnostic and repair software under the ALLDATA brand through alldata.com and alldatadiy.com; and automotive hard parts, maintenance items, accessories, and non-automotive products through autozone.com. Mr. Hannasch was named 2019 Retailer Executive of the Year by Convenience Store News blue-chip panel of c-store industry leaders. $0 was received as change in pension value and nonqualified deferred compensation earnings, Learn More about insider trades at AutoZone. AutoZone can also be reached via phone at (901) 495-6500 and via email at [emailprotected]. Yes, I certainly cant speak for our competitors. While food in general has been impacted by the pandemic and decreased traffic, when we look at our new program in isolation, it continues to perform very well compared to sites that are not on the program in the same markets. Chris we dont have industry data, at least not current right now, and Id call it a moving target. This is the first electric forecourt in our history. Executive has helped grow Alimentation Couche-Tard since 2001 By CSP Staff on Sep. 29, 2021. The next two questions are from Karen Short at Barclays Capital. Alimentation Couche-Tard Inc. (ANCUF) CEO Brian Hannasch on Q4 2021 These caveats and risks and uncertainties are outlined in our financial reporting. Thank you, Brian. "Unknown laser company making HUGE profit from Russia-Ukraine War", On February 24th, Russia invaded Ukraine. Sie knnen Ihre Einstellungen jederzeit ndern, indem Sie auf unseren Websites und Apps auf den Link Datenschutz- und Cookie-Einstellungen oder Datenschutz-Dashboard klicken. And through our Norway lab, we pushed forward our ambition to become a world leader in electric vehicle solutions. There are no executives at Alimentation Couche-Tard getting paid more. But at the same time, household income levels are very healthy really globally. Based on these results in fiscal year 22, we plan on adding more than 3,000 additional stores across the network. Sales mix is trending back more toward normal, food which has shut down to a great degree in some of our markets, particularly in Europe, is up and operating and growing. At the end of the quarter, we had nearly 2,800 sites in the U.S. with our Circle K fuel brand. Its the one that is lagging as weve got work from home still in place in many, many parts of the world. Brian Sanches Contract Details, Salaries, & Earnings | Spotrac This net worth estimate does not reflect any other assets that Mr. Hannasch may own. Were well underway. Can you explain the nature of the $26 million inventory adjustment related to merchandise cost profits? We have seen a shift away from larger packages possibly during the pandemic and back to more normal instant consumption single-serve packages. And weve seen during COVID that, that demand has been very resilient compared to the B2C business. Im not really concerned about short-term volatility. The estimated net worth of Brian Hannasch is at least $1.27 million as of May 26th, 2022. I think we integrate as well as anyone, if not better than anyone in the industry. So, its however its an ongoing process, and we are always looking for ways to optimize our network and to ensure that our stores are strategically relevant. Excluding specific items described in more details in our MD&A, the adjusted EBITDA for the fourth quarter of fiscal 2021 increased by $38.8 million or 3.7% compared with the fourth quarter of fiscal 2020, mainly due to organic growth of our convenience activities, higher fuel demand, lower operating expenses and the net positive impact from foreign currency translation, which had a net positive impact of approximately $25 million as well as the contribution from acquisition, partly offset by lower fuel transportation gross margins in the U.S. During fiscal 2021, on the same basis, the adjusted EBITDA increased by $642.4 million or 14.7% compared with the previous fiscal year, mainly attributable to higher road transportation fuel gross margins, organic growth of our convenience activities, lower operating expenses as well as the net positive impact from foreign currency translation, partly offset by the negative impact of COVID-19 on fuel demand.
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