InvoCare Management

Management criteria checks 2/4

InvoCare's CEO is Olivier Chretien, appointed in Jan 2021, has a tenure of 2.83 years. total yearly compensation is A$2.50M, comprised of 44.6% salary and 55.4% bonuses, including company stock and options. directly owns 0.043% of the company’s shares, worth A$776.95K. The average tenure of the management team and the board of directors is 4.7 years and 5.1 years respectively.

Key information

Olivier Chretien

Chief executive officer

AU$2.5m

Total compensation

CEO salary percentage	44.6%
CEO tenure	2.8yrs
CEO ownership	0.04%
Management average tenure	4.7yrs
Board average tenure	5.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Olivier Chretien's remuneration changed compared to InvoCare's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2023	n/a	n/a	-AU$38m
Mar 31 2023	n/a	n/a	-AU$20m
Dec 31 2022	AU$2m	AU$1m	-AU$2m
Sep 30 2022	n/a	n/a	AU$67m
Jun 30 2022	n/a	n/a	AU$78m
Mar 31 2022	n/a	n/a	AU$79m
Dec 31 2021	AU$2m	AU$1m	AU$80m

Compensation vs Market: Olivier's total compensation ($USD1.61M) is above average for companies of similar size in the Australian market ($USD1.03M).

Compensation vs Earnings: Olivier's compensation has increased whilst the company is unprofitable.

CEO

Olivier Chretien (56 yo)

2.8yrs

Tenure

AU$2,497,884

Compensation

Mr. Olivier J. Chretien, MBA MEng GAICD, serves as Chief Executive Officer and Managing Director at InvoCare Limited since January 1, 2021 and serves as its Director since January 4, 2021. He was Group Chi...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Olivier Chretien	MD, CEO & Director	2.8yrs	AU$2.50m	0.043% A$ 776.9k
Adrian Gratwicke	Chief Financial Officer	3.3yrs	AU$1.67m	0.019% A$ 337.7k
Heidi Aldred	Company Secretary & Corporate Counsel	4.7yrs	no data	no data
Amanda Tober	Group Executive of Human Resources	6.1yrs	no data	no data
Phillip Friery	Advisor	4.7yrs	no data	no data
Graeme Rhind	Chairman of New Zealand	12.4yrs	no data	no data
Victoria Doidge	Chief Customer Officer	3.2yrs	no data	no data
Grace Westdorp	Executive General Manager of Health	no data	no data	no data

4.7yrs

Average Tenure

Experienced Management: IVC's management team is considered experienced (4.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Olivier Chretien	MD, CEO & Director	2.8yrs	AU$2.50m	0.043% A$ 776.9k
Graeme Rhind	Chairman of New Zealand	12.4yrs	no data	no data
Richard Davis	Independent Non-Executive Director	11.8yrs	AU$142.84k	0.084% A$ 1.5m
Bart Vogel	Independent Non-Executive Chairman	6.1yrs	AU$285.69k	0.014% A$ 245.2k
Kim Elizabeth Anderson	Independent Non-Executive Director	2.5yrs	AU$154.40k	0.011% A$ 194.8k
Keith Skinner	Independent Non-Executive Director	5.2yrs	AU$154.40k	0.0056% A$ 101.0k
Megan Quinn	Independent Non-Executive Director	5.1yrs	AU$142.84k	no data
Kee Wong	Independent Non-Executive Director	2yrs	AU$142.84k	0.0044% A$ 79.8k

5.1yrs

Average Tenure

65yo

Average Age

Experienced Board: IVC's board of directors are considered experienced (5.1 years average tenure).

InvoCare Management

Management criteria checks 2/4

Key information

Recent management updates

InvoCare Limited Announces Board Changes

InvoCare Limited, Annual General Meeting, May 26, 2023

InvoCare Limited, Annual General Meeting, May 26, 2023

Non-Executive Director recently bought AU$59k worth of stock

Independent Non-Executive Director recently bought AU$75k worth of stock

InvoCare Limited, Annual General Meeting, May 20, 2022

Recent updates

InvoCare Limited Ordinary Shares to Be Deleted from OTC Equity

InvoCare Intends to Apply for its Removal from the Official List of the ASX with Effect from Close of Trading on 27 November 2023

InvoCare Limited Announces Board Changes

TPG Global, LLC completed the acquisition of the remaining 82.8% stake in InvoCare Limited (ASX : IVC).

InvoCare Limited Announces Fully Franked Special Dividend, Payable on 16 November 2023

Upcoming dividend of AU$0.60 per share

First half 2023 earnings released: EPS: AU$0.031 (vs AU$0.29 in 1H 2022)

InvoCare Limited Not to Pay Interim Dividend for the Half Year Ended 30 June 2023

TPG Reportedly Seeks to Buy Invocare At Lower Price

InvoCare Limited (ASX:IVC) agreed to acquire remaining 17% stake in Lake Macquarie Memorial Park.

Full year 2022 earnings released: AU$0.013 loss per share (vs AU$0.56 profit in FY 2021)

Now 26% undervalued after recent price drop

InvoCare Limited, Annual General Meeting, May 26, 2023

InvoCare Limited, Annual General Meeting, May 26, 2023

InvoCare Limited to Report Fiscal Year 2022 Results on Feb 27, 2023

Now 22% undervalued

First half 2022 earnings released: AU$0.12 loss per share (vs AU$0.30 profit in 1H 2021)

InvoCare Limited Announces Fully Franked Ordinary Paid Dividend for the Six Months Ended June 30, 2022, Payable on October 6, 2022

InvoCare Limited to Report First Half, 2022 Results on Aug 29, 2022

Non-Executive Director recently bought AU$59k worth of stock

Independent Non-Executive Director recently bought AU$75k worth of stock

InvoCare Limited, Annual General Meeting, May 20, 2022

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

InvoCare Limited Declares Fully Franked Ordinary Dividend for the Period of Six Months Ended December 31, 2021, Payable on April 8, 2022

High number of new directors

Independent Non-Executive Director recently sold AU$120k worth of stock

First half 2021 earnings released: EPS AU$0.31 (vs AU$0.14 loss in 1H 2020)

MD, CEO & Director recently bought AU$161k worth of stock

Independent Non-Executive Director Jacqueline McArthur has left the company

Executive Officer has left the company

Independent Non-Executive Director recently sold AU$335k worth of stock

Full year 2020 earnings released: AU$0.069 loss per share (vs AU$0.56 profit in FY 2019)

Revenue beats expectations

New 90-day high: AU$12.18

InvoCare Limited Announces Resignation of Ms. Robyn Stubbs as an Independent Non-Executive Director

Independent Non-Executive Director has left the company

InvoCare Limited Announces the Resignation of Ms. Robyn Stubbs as an Independent Non-Executive Director

New 90-day high: AU$11.81

InvoCare Limited Announces Directorate Changes

InvoCare Limited to Report Fiscal Year 2020 Results on Feb 24, 2021

New 90-day high: AU$11.63

Invocare Limited Appoints Olivier Chretien as Chief Executive Officer, Effective January 1, 2021

InvoCare Limited (ASX:IVC) agreed to acquire Family Pet Care Pty and Pets in Peace for AUD 50 million.

New 90-day high: AU$10.74

New 90-day high: AU$10.46

New 90-day low - AU$9.51

Earnings released

New 90-day low - AU$10.10

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age