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 3.17 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$15.60M. The average tenure of the management team and the board of directors is 3.2 years and 2.2 years respectively.
Key information
Joe Foster
Chief executive officer
AU$756.7k
Total compensation
| CEO salary percentage | 52.9% |
| CEO tenure | 3.2yrs |
| CEO ownership | 12.2% |
| Management average tenure | 3.2yrs |
| Board average tenure | 2.2yrs |
Recent management updates
Recent updates
CEO 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$4m |
Compensation vs Market: Joe's total compensation ($USD470.84K) is above average for companies of similar size in the Australian market ($USD283.65K).
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
3.2yrs
Tenure
AU$756,736
Compensation
Mr. Joseph Patrick Foster, also known as Joe, is Chief Executive Officer of Close the Loop Ltd since November 30, 2021. He served as Executive Director of Close the Loop Ltd from November 30, 2021 to Novem...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 3.2yrs | AU$756.74k | 12.22% A$ 15.6m | |
| CFO & Company Secretary | 7.4yrs | AU$702.53k | 0.85% A$ 1.1m | |
| Chief Commercial Officer & Executive Director | 3.2yrs | AU$645.26k | 1.29% A$ 1.6m | |
| Chief Executive Officer of North America | less than a year | AU$321.11k | 0.21% A$ 270.0k | |
| Founder | 24yrs | no data | no data |
3.2yrs
Average Tenure
Experienced Management: CLG's management team is considered experienced (3.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Commercial Officer & Executive Director | 3.2yrs | AU$645.26k | 1.29% A$ 1.6m | |
| Independent Non-Executive Director | 3.2yrs | AU$40.00k | 0.24% A$ 300.0k | |
| Director | 1.2yrs | AU$23.33k | 8.48% A$ 10.8m | |
| Non-Executive Director | less than a year | no data | no data |
2.2yrs
Average Tenure
Experienced Board: CLG's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/03 17:38 |
| End of Day Share Price | 2025/01/03 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2024/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Close the Loop Ltd is covered by 3 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Conor O’Prey | Canaccord Genuity |
| James Bisinella | Shaw and Partners Limited |
| Larry Gandler | Shaw and Partners Limited |