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

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

BCFerries

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Civil works crews have begun to install roads and other infrastructure to service the Nigel Valley redevelopment project that will bring nearly 800 new housing units to Saanich over the next several years. (Devon Bidal/News Staff)
Prep work begins on massive Nigel Valley development in Saanich

Construction of first two developments expected to begin fall 2021, B.C. Housing says

Camosun Cares hampers will be delivered weekly to students for a period of nine weeks. (Photo courtesy of Camosun College)
Weekly care hampers offered to Camosun College students in need

The Camosun Cares hamper delivers fresh produce, prepared meals, hygiene products and even recipes

Victoria police are looking for 45-year-old Charlene Woods. (Courtesy of VicPD)
Missing woman last seen in Victoria on New Year’s Day

Police working to locate Charlene Woods, 45

Wildlife advocate Gary Schroyen captured this picture of a one-year-old cougar in the Sooke Hills using a homemade trip camera. Vancouver Island is home to approximately 800 cougars, which makes up about a quarter of the total population in B.C. (Gary Schroyen photo)
Wildlife advocate Gary Schroyen captured this picture of a one-year-old cougar in the Sooke Hill using a homemade trip camera. Schroyen presents Animal Signs: The Essence of Animal Communication on Nov. 30. (Gary Schroyen photo)
Declining Vancouver Island cougar populations linked to wolves

Large carnivore specialist says human development still plays biggest role on cougar numbers

Maureen Garry is the Goldstream Gazette 2021 Local Hero as Educator of the Year. (Don Denton/Black Press Media)
Former teacher at David Cameron Elementary a tireless advocate for musical education

Maureen Garry is West Shore’s 2021 Educator of the Year

Island Health chief medical officer Dr. Richard Stanwick receives a first dose of Pfizer vaccine, Dec. 22, 2020. (B.C. government)
COVID-19 vaccination set to start for B.C. seniors aged 80-plus

Long-term care residents protected by shots already given

Det. Sgt. Jim Callender. (Hamilton Police Service screenshot)
B.C. man dead, woman seriously injured after shooting in Hamilton, Ont.

The man was in the process of moving to the greater Toronto area, police say

Police have identified the vehicle involved in the Feb. 14 hit-and-run in Chemainus and are continuing to investigate. (Black Press Media files)
Police seize and identify suspect vehicle in hit-and-run

Investigation into death expected to be lengthy and involved

(Black Press file photo)
Child in critical condition, homicide investigators probe incident near Agassiz

The child was transported to hospital but is not expected to survive

Sewage plant in Lower Mainland, operated by Metro Vancouver. (Metro Vancouver screenshot)
‘Poop tracker’ launches as researchers test Lower Mainland sewage water for COVID-19

‘Studying the virus in wastewater allows researchers to look at an entire population…’

This poster, spreading misinformation regarding COVID-19 restrictions, has been popping up in communities across Vancouver Island.
UPDATED: Poster popping up in Island communities falsely claiming COVID restrictions are over

Unattributed poster claims COVID restrictions ended March 1; Island Health responds

(Pxhere)
Compensation fund opens for B.C. students negatively affected by incorrect exam marks

Marks for 2019 provincial exams were incorrectly tabulated

The humanoid sensing robot has a 3D printed finger cap that measures oxygen levels. (Dr. Woo Soo Kim)
Medical care robots being made with 3D origami in B.C. lab

Would you let a robot take your temperature?

Most Read