BC Ferries’s vessel approaches the Prince Rupert terminal. (Shannon Lough/Black Press Media)

Former BC Ferries CFO paid almost $500,000 settlement

Dennis Dodo was the company’s chief financial officer for less than three years

In BC Ferries’s annual executive compensation disclosure, four of the company’s highest-ranking employees’ salaries were revealed, including now-former CFO Dennis Dodo’s settlement of nearly half a million dollars.

“I’m going to steer away from anything too personal,” BC Ferries president and CEO Mark Collins said. “As you can imagine it’s a personnel matter and I wouldn’t be able to comment on Mr. Dodo’s situation directly. Like any executive, there is an employment contract that sets out the terms and conditions of his employment. When an executive leaves the company, we must adhere to those terms and conditions, which is what we did in this case.”

Vice president and chief finance officer Dodo was appointed in April 2015. His last day with the company was June 23, 2017. On July 1, Alana Gallagher became the CFO after serving as treasurer during her 18-year employment by BC Ferries.

READ MORE: BC Ferries not as full as reported due to ability to book consecutive sailings

“Mr. Dodo and BC Ferries decided to part ways and under the terms of his contract, he’s entitled to a certain severance payment, so that’s what that is,” Collins said.

The 2018 executive compensation disclosure, dated June 19, 2018, covers the fiscal year until March 31. Dodo was given a mediated settlement award of $593,000, including $134,538 as a base salary continuance. The settlement was paid in two lump sums. In an email, BC Ferries executive director of public affairs, Deborah Marshall, confirmed Dodo’s salary in his last full year of employment was $404,906, including a $33,371 pension. For his accrued and banked 2018 vacation time, Dodo also received $61,154 upon his departure.

The June 19 report outlines how much employees who are either the CEO or serving as executive vice presidents for BC Ferries make. Four BC Ferries employees fit that description in the 2018 fiscal year, including Dodo. Gallagher, the new CFO, made $375,500 in the 2018 fiscal year (including pension, benefits and a vehicle allowance). Collins made just shy of $500,000, while vice president and COO Corrine Storey brought home $390,813. Storey began her position on Oct. 16, 2017, and her salary does not include the full 2018 fiscal year.

READ MORE: BC Ferries’ earnings decline $9.3 million, despite highest ever traffic numbers


@KeiliBartlett
keili.bartlett@blackpress.ca

Like us on Facebook and follow us on Twitter

Just Posted

Cycslists were all smiles during ninth Tour de Victoria

More than 2,100 cyclists participated

‘I’m just absolutely disgusted’: Husband furious after Const. Beckett’s killer gets day parole

Kenneth Fenton was sentenced to prison after he fatally struck Const. Sarah Beckett’s cruiser

Police investigating incident in Saanich neighbourhood

Neighbours tell Black Press Media that a body has been found, but police remain tight-lipped.

Langford lizard sighting excites Victoria museum curator

Curator of vertebrate zoology/knowledge explains the spread of the Wall lizard in the region

Colwood man takes on Ride to Conquer Cancer for 11th year in a row

Team Finn has raised almost $3 million for BC Cancer Foundation

VIDEO: Langley Ribfest met with protesters

Groups that oppose the event for various reasons plan to be on site each of the three days.

Canadians killed in Afghanistan honoured during emotional dedication ceremony

One-hundred-fifty-eight Canadian soldiers died during the mission

It’s snow joke: Up to 30 cm of snow expected to fall in northeastern B.C.

Alaska Highway, Fort Nelson to be hit with August snowstorm, according to Environment Canada

Sea-to-Sky Gondola in B.C. likely out of commission until 2020

Sea to Sky Gondola carries between 1,500 and 3,000 people every day during the summer season

Helicopter-riding dog Mr. Bentley now featured on cans of new B.C.-made beer

Partial proceeds from every pack go to Children’s Wish

PHOTOS: Weapons seized at Portland right-wing rally, counterprotests

Not all who gathered Saturday were with right-wing groups or antifa

Ferries employees participating in Denman Island cleanup for plastic-shedding ferry

The cleanup comes a few weeks after one organized by residents of the Island

Discussion on grief and loss between Stephen Colbert, Anderson Cooper goes viral

The exchange includes emotional question from Cooper, and outlook on grief as a child

Toronto activist calling on federal parties to nominate more black candidates

Fewer than 20 black Canadians have been nominated so far, including some Liberal MPs seeking re-election

Most Read