Korvest Management
Management criteria checks 3/4
Korvest's CEO is Chris Hartwig, appointed in Feb 2018, has a tenure of 6.25 years. total yearly compensation is A$668.77K, comprised of 53.9% salary and 46.1% bonuses, including company stock and options. directly owns 1.2% of the company’s shares, worth A$1.25M. The average tenure of the management team and the board of directors is 8.3 years and 7 years respectively.
Key information
Chris Hartwig
Chief executive officer
AU$668.8k
Total compensation
| CEO salary percentage | 53.9% |
| CEO tenure | 6.3yrs |
| CEO ownership | 1.2% |
| Management average tenure | 8.3yrs |
| Board average tenure | 7yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | n/a | n/a | AU$12m |
| Sep 30 2023 | n/a | n/a | AU$12m |
| Jun 30 2023 | AU$669k | AU$361k | AU$11m |
| Mar 31 2023 | n/a | n/a | AU$10m |
| Dec 31 2022 | n/a | n/a | AU$9m |
| Sep 30 2022 | n/a | n/a | AU$10m |
| Jun 30 2022 | AU$621k | AU$343k | AU$11m |
| Mar 31 2022 | n/a | n/a | AU$11m |
| Dec 31 2021 | n/a | n/a | AU$10m |
| Sep 30 2021 | n/a | n/a | AU$8m |
| Jun 30 2021 | AU$637k | AU$332k | AU$6m |
| Mar 31 2021 | n/a | n/a | AU$5m |
| Dec 31 2020 | n/a | n/a | AU$5m |
| Sep 30 2020 | n/a | n/a | AU$4m |
| Jun 30 2020 | AU$531k | AU$318k | AU$4m |
| Mar 31 2020 | n/a | n/a | AU$4m |
| Dec 31 2019 | n/a | n/a | AU$4m |
| Sep 30 2019 | n/a | n/a | AU$3m |
| Jun 30 2019 | AU$474k | AU$326k | AU$3m |
| Mar 31 2019 | n/a | n/a | AU$2m |
| Dec 31 2018 | n/a | n/a | AU$2m |
| Sep 30 2018 | n/a | n/a | AU$2m |
| Jun 30 2018 | AU$386k | AU$293k | AU$1m |
| Mar 31 2018 | n/a | n/a | AU$683k |
| Dec 31 2017 | n/a | n/a | -AU$3k |
| Sep 30 2017 | n/a | n/a | -AU$790k |
| Jun 30 2017 | AU$308k | AU$271k | -AU$2m |
Compensation vs Market: Chris's total compensation ($USD442.19K) is above average for companies of similar size in the Australian market ($USD295.39K).
Compensation vs Earnings: Chris's compensation has been consistent with company performance over the past year.
CEO
Chris Hartwig (52 yo)
6.3yrs
Tenure
AU$668,772
Compensation
Mr. Chris A. Hartwig, BA(Acc), MAICD, has been Managing Director and Executive Director of Korvest Ltd since February 28, 2018. Mr. Hartwig served as Executive General Manager of Sales & Marketing at Korve...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD & Executive Director | 6.3yrs | AU$668.77k | 1.2% A$ 1.3m | |
| Finance Director | 16.1yrs | AU$511.71k | 1.21% A$ 1.3m | |
| General Manager of Operations | 8.3yrs | AU$365.48k | 0.47% A$ 493.1k |
8.3yrs
Average Tenure
Experienced Management: KOV's management team is seasoned and experienced (8.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD & Executive Director | 6.3yrs | AU$668.77k | 1.2% A$ 1.3m | |
| Finance Director | 15.3yrs | AU$511.71k | 1.21% A$ 1.3m | |
| Independent Non-Executive Chairman | 7.8yrs | AU$150.35k | 0.14% A$ 143.4k | |
| Independent Non-Executive Director | less than a year | no data | no data | |
| Independent Non Executive Director | 10.3yrs | AU$92.16k | 0.077% A$ 80.2k | |
| Independent Non-Executive Director | 2.7yrs | AU$79.02k | 0.026% A$ 26.9k |
7.0yrs
Average Tenure
57yo
Average Age
Experienced Board: KOV's board of directors are considered experienced (7 years average tenure).