Adbri Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Mark Irwin

Chief executive officer

AU$2.4m

Total compensation

CEO salary percentage	47.5%
CEO tenure	1.7yrs
CEO ownership	n/a
Management average tenure	1.5yrs
Board average tenure	4.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mark Irwin's remuneration changed compared to Adbri's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	AU$2m	AU$1m	AU$93m
Sep 30 2023	n/a	n/a	AU$99m
Jun 30 2023	n/a	n/a	AU$104m
Mar 31 2023	n/a	n/a	AU$103m
Dec 31 2022	AU$1m	AU$219k	AU$103m

Compensation vs Market: Mark's total compensation ($USD1.63M) is about average for companies of similar size in the Australian market ($USD1.47M).

Compensation vs Earnings: Mark's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Mark Irwin

1.7yrs

Tenure

AU$2,444,467

Compensation

Mr. Mark Irwin serves as Chief Executive Officer at Adbri Limited since February 28, 2023 and had been its Interim Chief Executive Officer since October 18, 2022 until February 28, 2023.

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Mark Irwin	Chief Executive Officer	1.7yrs	AU$2.44m	no data
Jared Gashel	Chief Financial Officer	less than a year	AU$761.64k	no data
Andrew Dell	Chief Operating Officer of Concrete	9.1yrs	AU$952.78k	0.010% A$ 217.3k
Brett Brown	Chief Operating Officer of Cement & Lime	3.5yrs	AU$947.11k	0.017% A$ 345.8k
Marcus R. Clayton	General Counsel & Company Secretary	21.3yrs	AU$925.70k	no data
Christine Rayfield	Chief People Officer	1.5yrs	no data	no data
Felicity Lloyd	Chief Sustainability & Innovation Officer	1.1yrs	no data	no data
Shane Dermody	Chief Commercial Officer	less than a year	no data	no data
Catherine Oster	Joint Company Secretary	1.3yrs	no data	no data

1.5yrs

Average Tenure

Experienced Management: ABC's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Emma Stein	Independent Non-Executive Director	4.7yrs	AU$182.43k	0.0081% A$ 170.3k
Samantha Hogg	Independent Deputy Chair & Lead Independent Director	2.3yrs	AU$264.09k	no data
Raymond Barro	Chairman	15.8yrs	AU$151.15k	0.63% A$ 13.2m
Michael Wright	Independent Non-Executive Director	3yrs	AU$169.40k	0.0076% A$ 159.4k
Dean Jenkins	Independent Non-Executive Director	1.8yrs	AU$174.61k	0.013% A$ 261.8k
Geoffrey Tarrant	Non-Executive Director	6.3yrs	AU$151.15k	0.0046% A$ 95.7k
Rhonda Barro	Non-Independent Non Executive Director	5.1yrs	AU$151.15k	0.018% A$ 376.9k

4.7yrs

Average Tenure

60yo

Average Age

Experienced Board: ABC's board of directors are considered experienced (4.7 years average tenure).

Adbri Management

Management criteria checks 2/4

Key information

Recent management updates

Adbri Limited, Annual General Meeting, May 24, 2024

Adbri Limited Announces CFO Changes, Effective 5 July 2023

Adbri Limited Announces Changes to its Board

Adbri Limited Announces Chief Financial Officer Changes

Adbri Limited Announces Executive Changes

Independent Non-Executive Director recently bought AU$106k worth of stock

Recent updates

CRH plc (NYSE:CRH) completed the acquisition of 57.3% stake in Adbri Limited (ASX:ABC).

Adbri Limited(ASX:ABC) dropped from FTSE All-World Index (USD)

Adbri Limited, Annual General Meeting, May 24, 2024

Adbri Limited to Report Fiscal Year 2023 Results on Feb 27, 2024

CRH plc (NYSE:CRH) agreed to acquire 57% stake in Adbri Limited (ASX:ABC) for AUD1.1 billion.

Adbri Limited Recommends No Payment of an Interim Ordinary Dividend for Half Year Ended 30 June 2023

First half 2023 earnings released: EPS: AU$0.076 (vs AU$0.074 in 1H 2022)

Now 20% undervalued

Adbri Limited to Report First Half, 2023 Results on Aug 29, 2023

Adbri Limited Announces CFO Changes, Effective 5 July 2023

Investor sentiment improves as stock rises 24%

Now 22% undervalued after recent price drop

Full year 2022 earnings released: EPS: AU$0.16 (vs AU$0.18 in FY 2021)

Adbri Limited Announces Changes to its Board

Adbri Limited Provides the Update Regarding Its Kwinana Upgrade Project

Adbri Limited Announces Chief Financial Officer Changes

Investor sentiment deteriorated over the past week

Adbri Limited Announces Executive Changes

Independent Non-Executive Director recently bought AU$106k worth of stock

Upcoming dividend of AU$0.05 per share

High number of new directors

Investor sentiment deteriorated over the past week

First half 2022 earnings released: EPS: AU$0.074 (vs AU$0.087 in 1H 2021)

Adbri Limited Appoints Dean Stuart Jenkins as Independent Non-Executive Director, Effective 23 August 2022

Adbri Limited Announces Ordinary Fully Paid Interim Dividend for the Six Months Ended 30 June 2022., Payable on October 5, 2022

Adbri Limited to Report Q2, 2022 Results on Aug 22, 2022

Adbri Limited Announces Retirement of Ken Scott-Mackenzie as Non-Executive Director

High number of new directors

Adbri Limited, Annual General Meeting, May 19, 2022

High number of new directors

Adbri Limited (ASX:ABC) completed the acquisition of Zanows Concrete & Quarries business in Queensland from Zanows' Sand & Gravel Pty Ltd.

Adbri Limited Announces Appointment of Samantha Hogg as an Independent Non-Executive Director

Upcoming dividend of AU$0.07 per share

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

Adbri Limited Approves Payment of Final Ordinary Dividend Payable on 11 April 2022

Adbri Limited to Report Fiscal Year 2021 Results on Feb 25, 2022

Upcoming dividend of AU$0.055 per share

First half 2021 earnings released: EPS AU$0.087 (vs AU$0.045 in 1H 2020)

High number of new directors

Upcoming dividend of AU$0.072 per share

Non-Executive Director recently bought AU$93k worth of stock

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

Revenue beats expectations

Full year 2020 earnings released: EPS AU$0.14 (vs AU$0.073 in FY 2019)

New 90-day low: AU$2.88

Adbri Limited Secures Contract Extension with South32

New 90-day high: AU$3.30

ADBRI Limited Announces Executive Changes, Effective 1 January 2021

New 90-day high: AU$3.29

Adbri Limited Omits to Provide Earnings Guidance for the Full Year of 2020

Earnings released

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age