Novo Resources Management
Management criteria checks 1/4
Novo Resources' CEO is Mike Spreadborough, appointed in Apr 2022, has a tenure of 2.17 years. total yearly compensation is CA$561.31K, comprised of 80% salary and 20% bonuses, including company stock and options. directly owns 0.2% of the company’s shares, worth A$109.25K. The average tenure of the management team and the board of directors is 0.8 years and 3.4 years respectively.
Key information
Mike Spreadborough
Chief executive officer
CA$561.3k
Total compensation
CEO salary percentage | 80.0% |
CEO tenure | 2.2yrs |
CEO ownership | 0.2% |
Management average tenure | less than a year |
Board average tenure | 3.4yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
Date | Total Compensation | Salary | Company Earnings |
---|---|---|---|
Mar 31 2024 | n/a | n/a | -CA$46m |
Dec 31 2023 | CA$561k | CA$449k | -CA$49m |
Sep 30 2023 | n/a | n/a | -CA$51m |
Jun 30 2023 | n/a | n/a | -CA$101m |
Mar 31 2023 | n/a | n/a | -CA$109m |
Dec 31 2022 | CA$552k | CA$453k | -CA$16m |
Sep 30 2022 | n/a | n/a | -CA$153m |
Jun 30 2022 | n/a | n/a | -CA$17m |
Mar 31 2022 | n/a | n/a | -CA$15m |
Dec 31 2021 | CA$3m | CA$236k | -CA$704k |
Compensation vs Market: Mike's total compensation ($USD411.94K) is above average for companies of similar size in the Australian market ($USD297.78K).
Compensation vs Earnings: Mike's compensation has increased whilst the company is unprofitable.
CEO
Mike Spreadborough
2.2yrs
Tenure
CA$561,307
Compensation
Mr. Michael John Spreadborough, also known as Mike, B.Eng. (Mining) (Hons), MBA, serves as Non-Executive Director of Evolution Energy Minerals Limited since September 12, 2023 and serves as its Non-Executi...
Leadership Team
Name | Position | Tenure | Compensation | Ownership |
---|---|---|---|---|
Executive Co-Chairman & Acting CEO | 2.2yrs | CA$561.31k | 0.20% CA$ 109.2k | |
CFO & Corporate Secretary | less than a year | CA$279.76k | no data | |
General Counsel & Joint Corporate Secretary | less than a year | CA$320.60k | 0.065% CA$ 35.8k | |
General Manager of Exploration | no data | CA$375.08k | no data | |
Senior Exploration Geologist | no data | no data | no data |
0.8yrs
Average Tenure
Experienced Management: NVO's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.
Board Members
Name | Position | Tenure | Compensation | Ownership |
---|---|---|---|---|
Executive Co-Chairman & Acting CEO | 3.4yrs | CA$561.31k | 0.20% CA$ 109.2k | |
Independent Non-Executive Director | less than a year | CA$48.48k | no data | |
Non-Executive Co-Chairman | 14.7yrs | CA$137.22k | 1.03% CA$ 566.7k | |
Independent Non-Executive Director | less than a year | no data | no data | |
Independent Director | 3.5yrs | CA$79.46k | no data |
3.4yrs
Average Tenure
Experienced Board: NVO's board of directors are considered experienced (3.4 years average tenure).