29Metals Management
Management criteria checks 2/4
29Metals' CEO is Peter Geoffrey Albert, appointed in Jul 2021, has a tenure of 2.75 years. total yearly compensation is A$1.60M, comprised of 57% salary and 43% bonuses, including company stock and options. directly owns 0.085% of the company’s shares, worth A$262.34K. The average tenure of the management team and the board of directors is 2 years and 2.9 years respectively.
Key information
Peter Geoffrey Albert
Chief executive officer
AU$1.6m
Total compensation
| CEO salary percentage | 57.0% |
| CEO tenure | 2.8yrs |
| CEO ownership | 0.08% |
| Management average tenure | 2yrs |
| Board average tenure | 2.9yrs |
Recent management updates
Recent updates
29Metals Limited (ASX:29M) Surges 36% Yet Its Low P/S Is No Reason For Excitement
Apr 12
Is 29Metals (ASX:29M) Using Too Much Debt?
Mar 24Benign Growth For 29Metals Limited (ASX:29M) Underpins Stock's 33% Plummet
Feb 2729Metals Limited (ASX:29M) Just Released Its Annual Results And Analysts Are Updating Their Estimates
Feb 26An Intrinsic Calculation For 29Metals Limited (ASX:29M) Suggests It's 48% Undervalued
May 12Be Wary Of 29Metals (ASX:29M) And Its Returns On Capital
Sep 07CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | AU$2m | AU$911k | -AU$440m |
| Sep 30 2023 | n/a | n/a | -AU$397m |
| Jun 30 2023 | n/a | n/a | -AU$354m |
| Mar 31 2023 | n/a | n/a | -AU$201m |
| Dec 31 2022 | AU$2m | AU$889k | -AU$47m |
| Sep 30 2022 | n/a | n/a | AU$37m |
| Jun 30 2022 | n/a | n/a | AU$121m |
| Mar 31 2022 | n/a | n/a | AU$121m |
| Dec 31 2021 | AU$2m | AU$438k | AU$121m |
Compensation vs Market: Peter Geoffrey's total compensation ($USD1.04M) is above average for companies of similar size in the Australian market ($USD638.13K).
Compensation vs Earnings: Peter Geoffrey's compensation has been consistent with company performance over the past year.
CEO
Peter Geoffrey Albert (65 yo)
2.8yrs
Tenure
AU$1,596,638
Compensation
Mr. Peter Geoffrey Albert, BSc (Minerals Engineering) (Hons), EMBA, FAusIMM, MIOM3, CEng, MAICD, Chartered Engineer has been Managing Director and Chief Executive Officer at 29Metals Limited since July 02,...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD, CEO & Executive Director | 2.8yrs | AU$1.60m | 0.085% A$ 262.3k | |
| Chief Financial Officer | 2.8yrs | AU$887.06k | 0.013% A$ 41.0k | |
| Chief Operating Officer | 2.8yrs | AU$953.88k | 0.012% A$ 37.8k | |
| Chief Governance & Legal Officer and Company Secretary | 2.9yrs | AU$879.22k | 0.019% A$ 57.9k | |
| Group Manager of Projects | no data | no data | no data | |
| Group Manager of Investor Relations | no data | no data | no data | |
| Marketing Manager | 1.3yrs | no data | no data | |
| Group Manager of Human Resources | less than a year | no data | no data | |
| Group Manager of Sustainability & ESG | 1.3yrs | no data | no data | |
| Group Manager of Geology | 1.3yrs | no data | no data | |
| CEO of Redhill | no data | no data | no data | |
| Group Financial Controller | no data | no data | no data |
2.0yrs
Average Tenure
Experienced Management: 29M's management team is considered experienced (2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD, CEO & Executive Director | 2.9yrs | AU$1.60m | 0.085% A$ 262.3k | |
| Non-Executive Chairman | 2.9yrs | AU$250.00k | 0.010% A$ 32.0k | |
| Independent Non-Executive Director | 2.9yrs | AU$421.23k | 0.015% A$ 47.7k | |
| Independent Non Executive Director | less than a year | AU$172.08k | 0.0027% A$ 8.4k | |
| Independent Non-Executive Director | 2.9yrs | AU$406.23k | 0.028% A$ 86.9k | |
| Independent Non-Executive Director | 2.9yrs | AU$426.23k | 0.015% A$ 47.1k | |
| Non Executive Director | less than a year | AU$112.89k | 0.062% A$ 192.0k |
2.9yrs
Average Tenure
63yo
Average Age
Experienced Board: 29M's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.