Latrobe Magnesium Management
Management criteria checks 4/4
Latrobe Magnesium's CEO is David Paterson, appointed in Apr 2015, has a tenure of 21.67 years. total yearly compensation is A$400.00K, comprised of 100% salary and 0% bonuses, including company stock and options. directly owns 6.85% of the company’s shares, worth A$6.63M. The average tenure of the management team and the board of directors is 9 years and 11.1 years respectively.
Key information
David Paterson
Chief executive officer
AU$400.0k
Total compensation
| CEO salary percentage | 100.0% |
| CEO tenure | 9yrs |
| CEO ownership | 6.8% |
| Management average tenure | 9yrs |
| Board average tenure | 11.1yrs |
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | n/a | n/a | -AU$8m |
| Sep 30 2023 | n/a | n/a | -AU$5m |
| Jun 30 2023 | AU$400k | AU$400k | -AU$2m |
| Mar 31 2023 | n/a | n/a | -AU$3m |
| Dec 31 2022 | n/a | n/a | -AU$3m |
| Sep 30 2022 | n/a | n/a | -AU$3m |
| Jun 30 2022 | AU$506k | AU$356k | -AU$3m |
| Mar 31 2022 | n/a | n/a | -AU$1m |
| Dec 31 2021 | n/a | n/a | AU$374k |
| Sep 30 2021 | n/a | n/a | AU$247k |
| Jun 30 2021 | AU$312k | AU$312k | AU$120k |
| Mar 31 2021 | n/a | n/a | -AU$1m |
| Dec 31 2020 | n/a | n/a | -AU$3m |
| Sep 30 2020 | n/a | n/a | -AU$2m |
| Jun 30 2020 | AU$312k | AU$312k | -AU$2m |
| Mar 31 2020 | n/a | n/a | -AU$2m |
| Dec 31 2019 | n/a | n/a | -AU$2m |
| Sep 30 2019 | n/a | n/a | -AU$2m |
| Jun 30 2019 | AU$312k | AU$312k | -AU$2m |
| Mar 31 2019 | n/a | n/a | -AU$1m |
| Dec 31 2018 | n/a | n/a | -AU$1m |
| Sep 30 2018 | n/a | n/a | -AU$2m |
| Jun 30 2018 | AU$312k | AU$312k | -AU$2m |
| Mar 31 2018 | n/a | n/a | -AU$2m |
| Dec 31 2017 | n/a | n/a | -AU$2m |
| Sep 30 2017 | n/a | n/a | -AU$2m |
| Jun 30 2017 | AU$303k | AU$303k | -AU$2m |
Compensation vs Market: David's total compensation ($USD261.10K) is about average for companies of similar size in the Australian market ($USD292.80K).
Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.
CEO
David Paterson (69 yo)
9yrs
Tenure
AU$400,000
Compensation
Mr. David Oliver Paterson serves as the Chief Executive Officer and Executive Director of Latrobe Magnesium Ltd. Mr. Paterson served as Managing Director of Latrobe Magnesium Ltd., from April 10, 2015 to 2...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 9yrs | AU$400.00k | 6.85% A$ 6.6m | |
| Company Secretary & Non-Executive Director | 10.8yrs | AU$70.00k | 0.40% A$ 388.7k | |
| Chief Financial Officer | less than a year | no data | no data | |
| Chief Operating Officer | 3.6yrs | no data | no data | |
| Technical Director | no data | no data | no data | |
| Technical Consultant | 19.1yrs | no data | no data |
9.0yrs
Average Tenure
Experienced Management: LMG's management team is seasoned and experienced (9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 21.7yrs | AU$400.00k | 6.85% A$ 6.6m | |
| Company Secretary & Non-Executive Director | 13.3yrs | AU$70.00k | 0.40% A$ 388.7k | |
| Independent Non-Executive Director | 20.6yrs | AU$50.00k | 0.71% A$ 683.3k | |
| Independent Non-Executive Chairman | 8.9yrs | AU$80.00k | 0.91% A$ 885.8k | |
| Non-Executive Director | less than a year | no data | 0.021% A$ 20.0k | |
| Non-Executive Director | 1.6yrs | AU$41.67k | 0.013% A$ 12.7k |
11.1yrs
Average Tenure
73yo
Average Age
Experienced Board: LMG's board of directors are seasoned and experienced ( 11.1 years average tenure).