IGO Management

Management criteria checks 1/4

IGO's CEO is Ivan Vella, appointed in Dec 2023, has a tenure of 1.08 years. total yearly compensation is A$2.64M, comprised of 30.4% salary and 69.6% bonuses, including company stock and options. directly owns 0.007% of the company’s shares, worth A$266.45K. The average tenure of the management team and the board of directors is 0.5 years and 2.4 years respectively.

Key information

Ivan Vella

Chief executive officer

AU$2.6m

Total compensation

CEO salary percentage	30.4%
CEO tenure	1.1yrs
CEO ownership	0.007%
Management average tenure	less than a year
Board average tenure	2.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Ivan Vella's remuneration changed compared to IGO's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	AU$3m	AU$803k	AU$3m

Compensation vs Market: Ivan's total compensation ($USD1.64M) is about average for companies of similar size in the Australian market ($USD1.39M).

Compensation vs Earnings: Insufficient data to compare Ivan's compensation with company performance.

CEO

Ivan Vella (48 yo)

1.1yrs

Tenure

AU$2,643,762

Compensation

Mr. Ivan Vella, BBus, MBus, MBA, is Chief Executive Officer, Managing Director & Director at IGO Limited since December 11, 2023. He had been Chief Executive of Aluminum at Rio Tinto Group and Rio Tinto pl...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Ivan Vella	CEO, MD & Director	1.1yrs	AU$2.64m	0.0073% A$ 266.4k
Kathleen Bozanic	Chief Financial Officer	2.3yrs	AU$1.76m	0.0021% A$ 77.2k
Sam Retallack	Chief People Officer	8yrs	AU$1.25m	0.016% A$ 573.7k
Richard Glass	Head of Corporate Affairs & Investor Relations	no data	no data	no data
Cameron Wilson	Acting Chief Legal Officer	less than a year	no data	no data
Brett Salt	Chief Growth & Commercial Officer	less than a year	no data	no data
Marie Bourgoin	Chief Development Officer – Lithum	less than a year	no data	no data
Rebecca Gordon	Company Secretary	less than a year	no data	no data

0.5yrs

Average Tenure

49yo

Average Age

Experienced Management: IGO's management team is not considered experienced ( 0.5 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Ivan Vella	CEO, MD & Director	1.1yrs	AU$2.64m	0.0073% A$ 266.4k
Michael P. Nossal	Independent Non-Executive Chairman	4.1yrs	AU$320.00k	0.013% A$ 485.9k
Keith Spence	Independent Non-Executive Director	10.1yrs	AU$225.00k	0.0033% A$ 120.2k
Marcelo de Almeida Bastos	Independent Non-Executive Director	less than a year	no data	0.00028% A$ 10.3k
Samantha Hogg	Independent Non-Executive Director	2yrs	AU$195.00k	no data
Justin Osborne	Independent Non-Executive Director	2.3yrs	AU$205.00k	0.0013% A$ 48.5k
Debra Bakker	Independent Non-Executive Director	8.1yrs	AU$210.00k	0.0062% A$ 227.5k
Tracey Arlaud	Independent Non-Executive Director	2.4yrs	AU$270.44k	0.00041% A$ 15.1k
Xiaoping Yang	Independent Non-Executive Director	4.1yrs	AU$195.00k	0.0019% A$ 68.0k

2.4yrs

Average Tenure

58yo

Average Age

Experienced Board: IGO's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/02 04:01
End of Day Share Price	2025/01/02 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	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

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

IGO Limited is covered by 32 analysts. 14 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
Mollie Urquhart	Barrenjoey Markets Pty Limited
Daniel Morgan	Barrenjoey Markets Pty Limited
Bradley Watson	Bell Potter

IGO Management

Management criteria checks 1/4

Key information

Recent management updates

High number of new directors

IGO Limited Announces Resignation of Kathryn Barker as Joint Company Secretary

High number of new directors

IGO Limited Announces Company Secretary Changes

IGO Limited Appoints Marcelo Bastos as Independent Non-Executive Director

IGO Limited, Annual General Meeting, Nov 06, 2024

Recent updates

IGO Limited to Report Fiscal Year 2025 Results on Aug 28, 2025

High number of new directors

Medallion Metals Limited (ASX:MM8) acquired certain assets of the Forrestania Nickel Operation by IGO Limited from IGO Limited (ASX:IGO) for AUD 15 million.

IGO Limited to Report First Half, 2025 Results on Feb 19, 2025

Final dividend of AU$0.26 announced

Full year 2024 earnings released: EPS: AU$0.004 (vs AU$0.72 in FY 2023)

IGO Limited Announces Resignation of Kathryn Barker as Joint Company Secretary

Albemarle Reportedly May Look to Offload 49% Stake in Greenbushes Lithium Mine to IGO

High number of new directors

IGO Limited Announces Company Secretary Changes

IGO Limited Appoints Marcelo Bastos as Independent Non-Executive Director

IGO Limited, Annual General Meeting, Nov 06, 2024

Upcoming dividend of AU$0.11 per share

Investor sentiment improves as stock rises 15%

CEO, MD & Director recently bought AU$302k worth of stock

First half 2024 earnings released: EPS: AU$0.38 (vs AU$0.81 in 1H 2023)

South32 Limited Commences Proceedings Against IGO Ltd in the Supreme Court of Western Australia

IGO Limited to Report First Half, 2024 Results on Feb 22, 2024

IGO Limited to Report Q4, 2024 Results on Jul 30, 2024

Investor sentiment improves as stock rises 15%

Now 23% undervalued after recent price drop

Upcoming dividend of AU$0.60 per share at 6.0% yield

Upcoming dividend of AU$0.60 per share at 6.0% yield

IGO Limited Declarers Special Dividend for the Year Ended June 30, 2023, Payable on September 28, 2023

IGO Limited Declares Final Dividend for the Year Ended June 30, 2023, Payable on September 28, 2023

Full year 2023 earnings released: EPS: AU$0.72 (vs AU$0.44 in FY 2022)

New minor risk - Earnings quality

Now 21% undervalued

Now 20% undervalued

Now 21% undervalued

Ivan Vella Joins IGO Limited as Managing Director No Later Than 11 December 2023

Now 20% undervalued

Now 20% undervalued

Metal Hawk Limited (ASX:MHK) signed a binding agreement to acquire remaining 51% stake in Kanowna East, Emu Lake and Fraser South projects in Western Australia from IGO Limited (ASX:IGO) for AUD 0.26 million.

High number of new directors

IGO Limited Commences Ground Exploration Activities at the Greenbushes East Exploration Project Located Adjacent to the Greenbushes Lithium Mine

IGO Limited Announces Ordinary Fully Franked Dividend for the Six Months Ended 31 December 2022, Payable on 31 March 2023

IGO Limited Announces the Appointment of Samantha Hogg to its Board as an Independent Non-Executive Director

IGO Limited to Report Q1, 2024 Results on Oct 30, 2023

IGO Limited, Annual General Meeting, Nov 16, 2023

IGO Limited Announces Operations Resume at Nova

IGO Limited Announces Fire Incident At Nova Operation

Independent Non-Executive Director recently bought AU$170k worth of stock

Independent Non-Executive Director recently bought AU$148k worth of stock

IGO Limited Announces Demise of Peter Bradford, Managing Director

Kathleen Bozanic Commences as Chief Financial Officer of IGO Limited on 10 October 2022

Investor sentiment improved over the past week

IGO Limited Appoints Kathleen Bozanic as CFO

Independent Non-Executive Director recently bought AU$51k worth of stock

Upcoming dividend of AU$0.05 per share

Full year 2022 earnings released: EPS: AU$0.44 (vs AU$0.17 in FY 2021)

IGO Limited Announces Dividend for the Year Ended 30 June 2022, Payable on 30 September 2022

IGO Limited Appoints Trace Arlaud as an Independent Non-Executive Director

Now 25% undervalued after recent price drop

IGO Limited Announces First Battery Grade Product from Kwinana Refinery

IGO Executing Substantial 2022 West Kimberley Field Season

Independent Non-Executive Chairman recently bought AU$197k worth of stock

Upcoming dividend of AU$0.05 per share

IGO Confirms Exclusive Talks with Glencore Regarding the CSA Copper

First half 2022 earnings: EPS in line with analyst expectations despite revenue beat

IGO Limited Provides Production Guidance for the Third Quarter and Full Year of 2022

IGO Limited Announces Interim Dividend for the Year 2022, Payable on March 18, 2022

Now 23% undervalued

IGO, Western Areas Quietly Talk Takeover

IGO, Western Areas Confirm Takeover Talks

Moho Resources Ltd and IGO Limited Announce Completion of Diamond Drilling At Crossroads Prospect, Burracoppin

AFB Resources Pty Ltd completed 30% stake in Tropicana Project from IGO Limited (ASX:IGO) for approximately AUD 890 million.

South32 Sets Sights on $3.9 Billion Assets in Spain, Chile

Independent Non-Executive Director recently bought AU$64k worth of stock