Francis McGuire - Major Drilling President CEO, Director

MDI Stock  CAD 9.50  0.20  2.06%   

CEO

Mr. Francis P. McGuire is NonIndependent Director of Major Drilling Group International Inc. Mr. McGuire was the President and Chief Executive Officer of the Corporation from August 2000 to September 2015. Prior to joining the Corporationrationration, Mr. McGuire served as Vice President, Business Development of MITI Information Technology Inc. Mr. McGuire has also served as Deputy Minister of the Department of Economic Development and Tourism of the Province of New Brunswick. He holds an M.A. in international studies, trade and economics from Johns Hopkins Universitys School of Advanced International Relations, a diploma in European politics from the Institut dtudes Politiques in Paris and a B.A. from Dalhousie University. He also holds a directorship with Industrial Alliance, a reporting issuer. He is the Chair of the Wallace McCain Institute of Business Leadership at the University of New Brunswick, and PastChair but current member of the New Brunswick Business Council, and he also sits on the boards of two private companies. Mr. McGuire is a member of the Environment, Health and Safety Committee. He was a Director of the Corporation since 2001. since 2015.
Age 64
Tenure 9 years
Address 111 St. George Street, Moncton, NB, Canada, E1C 1T7
Phone506-857-8636
Webhttps://www.majordrilling.com
McGuire has also served as Deputy Minister of the Department of Economic Development and Tourism of New Brunswick. He holds an M.A. in international studies, trade and economics from Johns Hopkins University, a diploma in European politics from the Institut d’Études Politiques in Paris and a B.A. from Dalhousie University.

Major Drilling Management Efficiency

The company has return on total asset (ROA) of 0.095 % which means that it generated a profit of $0.095 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.1408 %, meaning that it generated $0.1408 on every $100 dollars invested by stockholders. Major Drilling's management efficiency ratios could be used to measure how well Major Drilling manages its routine affairs as well as how well it operates its assets and liabilities. As of the 25th of April 2024, Return On Tangible Assets is likely to grow to 0.15. Also, Return On Capital Employed is likely to grow to 0.24. At this time, Major Drilling's Total Current Assets are very stable compared to the past year. As of the 25th of April 2024, Return On Tangible Assets is likely to grow to 0.15, while Total Assets are likely to drop about 419 M.
The company has accumulated 25.55 M in total debt with debt to equity ratio (D/E) of 0.12, which may suggest the company is not taking enough advantage from borrowing. Major Drilling Group has a current ratio of 3.55, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Major Drilling until it has trouble settling it off, either with new capital or with free cash flow. So, Major Drilling's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Major Drilling Group sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Major to invest in growth at high rates of return. When we think about Major Drilling's use of debt, we should always consider it together with cash and equity.

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Major Drilling Group International Inc. provides contract drilling services for mining and mineral exploration companies in Canada, the United States, Mexico, South America, Asia, Africa, and Europe. The company was founded in 1980 and is headquartered in Moncton, Canada. MAJOR DRILLING operates under Other Industrial Metals Mining classification in Canada and is traded on Toronto Stock Exchange. It employs 2500 people. Major Drilling Group (MDI) is traded on Toronto Exchange in Canada and employs 30 people. Major Drilling is listed under Diversified Metals & Mining category by Fama And French industry classification.

Management Performance

Major Drilling Group Leadership Team

Elected by the shareholders, the Major Drilling's board of directors comprises two types of representatives: Major Drilling inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Major. The board's role is to monitor Major Drilling's management team and ensure that shareholders' interests are well served. Major Drilling's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Major Drilling's outside directors are responsible for providing unbiased perspectives on the board's policies.
Marc Landry, Vice President - Technology & Logistics
LouisPierre Gignac, Independent Director
Catherine McLeodSeltzer, Independent Director
Janice Rennie, Independent Director
CPA CMA, Vice Logistics
Jean Desrosiers, Independent Director
David Tennant, Independent Chairman of the Board
Edward Breiner, Independent Director
Denis Larocque, President and Chief Executive Officer, Non-Independent Director
Francis McGuire, President CEO, Director
David Fennell, Independent Director
Kimberly Keating, Independent Director
Jo Zurel, Independent Director
Sybil Veenman, Independent Director
Chantal Melanson, Executive Assistant
Kevin Slemko, Vice Operations
Benjamin Graham, Vice President of Human Resources and Safety
Ben Graham, Vice Safety
John Burzynski, Independent Director
Larry Pisto, VP of North American Operations
Frederick Dyment, Independent Director
Ashley Martin, Vice President - Operations South America
Denis Despres, COO
John Davies, Vice President Operations - Asia
Andrew McLaughlin, Vice President - Legal Affairs, General Counsel, Secretary
Kelly Johnson, Senior Vice President - Operations, North America and Africa
David Balser, Advisor
Ian Ross, Chief Financial Officer
Barry Zerbin, Vice Operations
James Gibson, VP of Legal Affairs, General Counsel and Corporate Secretary

Major Stock Performance Indicators

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Please note, there is a significant difference between Major Drilling's value and its price as these two are different measures arrived at by different means. Investors typically determine if Major Drilling is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Major Drilling's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.