Thomas B. Nusz, born in 1969, leads Chord Energy Corporation as its CEO and has a Bachelor's degree in Business Management from the University of Wyoming. He has been at the helm since March 2007, shaping Chord Energy's strategic vision....

Thomas B. Nusz, born in 1969, leads Chord Energy Corporation as its CEO and has a Bachelor's degree in Business Management from the University of Wyoming. He has been at the helm since March 2007, shaping Chord Energy's strategic vision. Nusz's journey is marked by resilience, guiding the company through tough times, including its emergence from Chapter 11 bankruptcy. His pay reflects the company's performance; in 2020, he earned over $12 million, including bonuses tied to company results. Notably, he retired in December 2020, leaving a legacy of dedication to performance and shareholder value. Under his leadership, Chord's compensation philosophy focused on aligning executive rewards with long-term company goals, ensuring executives are motivated to succeed. While Nusz's stock holdings fluctuated, he consistently aimed for growth and efficiency in the oil and gas market, demonstrating the importance of strategic decision-making and performance data in executive leadership.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Chord Energy CEOs

C

Thomas B. Nusz

Ex-CEO of Chord Energy

Education

Bachelor of Science in Business Management from the University of Wyoming

Field of Expertise

Business & Management

Sector of Economy

Energy

Born

January 1, 1969 - 56 years ago

CEO of Chord Energy for

13 years 9 months (Mar 2007 - Dec 2020)

Previous Experience

President and CEO of Oasis Petroleum Inc.

Rivals

Competitors/colleagues of Thomas B. Nusz

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Joseph Wm. Foran

Founder and CEO of Matador Resources

2023 Compensation

Stock

$11.09M

Salary

$1.35M

Bonus

$3.11M

Other

$25.70K

Total Holdings

$26.93M

D

Kaes Van't Hof

CEO of Diamondback Energy

2023 Compensation

Stock

$450.00K

Salary

$950.00K

Bonus

$300.00K

Other

$50.00K

Total Holdings

$16.35M

P

James H. Walter

CEO of Permian Resources

2023 Compensation

Stock

$0.00

Salary

$0.00

Bonus

$0.00

Other

$4.30K

Total Holdings

$163.30M

P

William M. Hickey III

CEO of Permian Resources

2023 Compensation

Stock

$15.00M

Salary

$0.00

Bonus

$0.00

Other

$0.00

Total Holdings

$166.35M

S

Javan D. Ottoson

CEO of SM Energy

2022 Compensation

Stock

$0.00

Salary

$773.08K

Bonus

$1.10M

Other

$167.84K

Total Holdings

$12.79M

O

Brendan McCracken

CEO of Ovintiv

2023 Compensation

Stock

$3.86M

Salary

$1.10M

Bonus

$2.54M

Other

$407.55K

Total Holdings

$7.62M

Holdings

See how much did Thomas B. Nusz make over time.

During his tenure at Chord Energy, Nusz's stock holdings varied significantly. At their peak, he held substantial shares, reflecting his confidence in the company's direction. This was especially true during advantageous market conditions but dropped during tough times, highlighting the...

During his tenure at Chord Energy, Nusz's stock holdings varied significantly. At their peak, he held substantial shares, reflecting his confidence in the company's direction. This was especially true during advantageous market conditions but dropped during tough times, highlighting the volatility in the sector. His wealth was largely tied to these holdings, which showcased a direct connection to corporate performance. Following his retirement, the value of his holdings significantly changed, underlining the impact of market dynamics on executive wealth.

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Insider Trading

See recent insider trades of Thomas B. Nusz.

No insider trades found for this CEO.

Compensation History

See how much did Thomas B. Nusz make over time.

In 2020, Thomas Nusz's total compensation reached over $12 million, driven largely by his base salary of $820,000 and a bonus of nearly $2 million tied to the company's performance. His pay package reflects a structure that rewards performance, ensuring that compensation is in line with Chord's success and strategic goals. Although he experienced significant changes in compensation over the years due to market conditions, the focus remained on aligning rewards with long-term business objectives. Nusz's compensation plan also included severance benefits that highlighted his value to the company, particularly during times of transition like the bankruptcy and recovery. This approach underlines a strategy of incentivizing leadership effectiveness while maintaining a strong link to shareholder interests.

Year

2020

Total Compensation

$8.25M

Salary

$820.00K

Board Justification

The compensation philosophy aims to reward performance that supports long-term strategy and achievement of short-term goals, while attracting and retaining qualified individuals in the oil and gas industry.

Bonus

$1.99M

Board Justification

Time-based cash incentive amounts earned for services performed in 2020, paid in June 2020, subject to clawback if services were not provided through June 30, 2020 or the Company’s emergence from bankruptcy.

Other

$5.44M

Board Justification

Includes severance benefits due to retirement, calculated as 2.99 times annualized base salary and target bonus, plus COBRA premiums for 18 months.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards vested in 2020 as all equity awards granted in January 2020 were forfeited in June 2020.

Performance Metrics

Performance metrics included free cash flow, cash margin, hedged EBITDA margin, G&A expenses, corporate returns, capital efficiency, and strategic initiatives.

Other Chord Energy CEOs

Here are other CEOs of Chord Energy

Douglas E. Brooks

CEO of Chord Energy

December 2020 - Present