Criticism of BC Ferries Executive No-Fault Million Dollar Payouts

governance · BC Ferries operations

BC Ferries executives have received secret no-fault exit payouts exceeding standard public and private sector severance limits, violating the Coastal Ferry Act. Recent payouts include $1.4 million for CEO Nicolas Jimenez, $1.3 million for former CEO Mark Collins, and $1.1 million for former COO Corrine Storey. Issues cited include escalating conflict with unions, denial of freedom of information requests, poor service metrics, and disbanding of Ferry Advisory Committees. Local leaders have demanded accountability and reinstatement of advisory committees, but BC Ferries management claims limited options due to an underfunded and aging fleet.

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Sources

• “Despite the Comptroller General characterizing BC Ferries as a “culture of secrecy and enrichment” in 2009, executives continue receiving secret “no-fault” million-dollar exit payouts that violate the Coastal Ferry Act... CEO Nicolas Jimenez proposes receiving substantially increased funding... When 35 coastal leaders representing the Union of BC Municipalities met with Eby demanding accountability... Jimenez claimed he was “out of options” due to having an underfunded and ageing fleet.” — The Islands Grapevine – March 5th, 2026 (March 5th, 2026)

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