Close the Loop Management
Management criteria checks 1/4
Close the Loop's CEO is Joe Foster, appointed in Nov 2021, has a tenure of 2.83 years. total yearly compensation is A$756.74K, comprised of 52.9% salary and 47.1% bonuses, including company stock and options. directly owns 12.22% of the company’s shares, worth A$12.68M. The average tenure of the management team and the board of directors is 2.8 years and 2.8 years respectively.
Key information
Joe Foster
Chief executive officer
AU$756.7k
Total compensation
| CEO salary percentage | 52.9% |
| CEO tenure | 2.8yrs |
| CEO ownership | 12.2% |
| Management average tenure | 2.8yrs |
| Board average tenure | 2.8yrs |
Recent management updates
Recent updates
Benign Growth For Close the Loop Ltd (ASX:CLG) Underpins Stock's 28% Plummet
Aug 27
Here's Why Close the Loop (ASX:CLG) Can Manage Its Debt Responsibly
Apr 25Close the Loop Ltd's (ASX:CLG) Share Price Is Matching Sentiment Around Its Earnings
Dec 29Close the Loop (ASX:CLG) Has Some Way To Go To Become A Multi-Bagger
May 03We Think Close the Loop's (ASX:CLG) Solid Earnings Are Understated
Mar 02Is Close the Loop Ltd (ASX:CLG) Trading At A 45% Discount?
Jan 11Close the Loop Ltd's (ASX:CLG) P/E Is On The Mark
Oct 04CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2024 | AU$757k | AU$400k | AU$11m |
| Mar 31 2024 | n/a | n/a | AU$12m |
| Dec 31 2023 | n/a | n/a | AU$13m |
| Sep 30 2023 | n/a | n/a | AU$13m |
| Jun 30 2023 | AU$581k | AU$308k | AU$12m |
| Mar 31 2023 | n/a | n/a | AU$10m |
| Dec 31 2022 | n/a | n/a | AU$8m |
| Sep 30 2022 | n/a | n/a | AU$6m |
| Jun 30 2022 | AU$296k | AU$201k | AU$5m |
| Mar 31 2022 | n/a | n/a | AU$4m |
| Dec 31 2021 | n/a | n/a | AU$3m |
| Sep 30 2021 | n/a | n/a | AU$4m |
| Jun 30 2021 | AU$168k | AU$80k | AU$4m |
Compensation vs Market: Joe's total compensation ($USD513.91K) is above average for companies of similar size in the Australian market ($USD308.29K).
Compensation vs Earnings: Joe's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Joe Foster
2.8yrs
Tenure
AU$756,736
Compensation
Mr. Joe Foster is Co-Founder of O F Packaging Pty Ltd and serves as its Managing Director.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 2.8yrs | AU$756.74k | 12.22% A$ 12.7m | |
| CFO, Company Secretary & Executive Director | 7.1yrs | AU$702.53k | 0.85% A$ 877.5k | |
| Chief Commercial Officer & Executive Director | 2.8yrs | AU$645.26k | 1.29% A$ 1.3m | |
| Chief Executive Officer of North America | less than a year | AU$321.11k | 0.21% A$ 219.4k | |
| Founder | 23.7yrs | no data | no data | |
| Marketing & Business Development Executive | no data | no data | no data |
2.8yrs
Average Tenure
Experienced Management: CLG's management team is considered experienced (2.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 2.8yrs | AU$756.74k | 12.22% A$ 12.7m | |
| CFO, Company Secretary & Executive Director | 2.9yrs | AU$702.53k | 0.85% A$ 877.5k | |
| Chief Commercial Officer & Executive Director | 2.8yrs | AU$645.26k | 1.29% A$ 1.3m | |
| Independent Non-Executive Chairman | 6.8yrs | AU$90.00k | 0.68% A$ 702.0k | |
| Independent Non-Executive Director | 2.8yrs | AU$40.00k | 0.24% A$ 243.8k | |
| Director | less than a year | AU$23.33k | 8.48% A$ 8.8m |
2.8yrs
Average Tenure
Experienced Board: CLG's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.