Orica Management

Management criteria checks 3/4

Orica's CEO is Sanjeev Kumar Gandhi, appointed in Apr 2021, has a tenure of 3.58 years. total yearly compensation is A$6.39M, comprised of 23.4% salary and 76.6% bonuses, including company stock and options. directly owns 0.051% of the company’s shares, worth A$4.55M. The average tenure of the management team and the board of directors is 3.6 years and 4.2 years respectively.

Key information

Sanjeev Kumar Gandhi

Chief executive officer

AU$6.4m

Total compensation

CEO salary percentage	23.4%
CEO tenure	3.6yrs
CEO ownership	0.05%
Management average tenure	3.6yrs
Board average tenure	4.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Sanjeev Kumar Gandhi's remuneration changed compared to Orica's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	AU$6m	AU$1m	AU$525m
Jun 30 2024	n/a	n/a	AU$518m
Mar 31 2024	n/a	n/a	AU$511m
Dec 31 2023	n/a	n/a	AU$403m
Sep 30 2023	AU$6m	AU$1m	AU$296m
Jun 30 2023	n/a	n/a	AU$282m
Mar 31 2023	n/a	n/a	AU$267m
Dec 31 2022	n/a	n/a	AU$206m
Sep 30 2022	AU$4m	AU$1m	AU$145m
Mar 31 2022	n/a	n/a	-AU$262m
Dec 31 2021	n/a	n/a	-AU$225m
Sep 30 2021	AU$2m	AU$1m	-AU$188m
Mar 31 2021	n/a	n/a	-AU$21m
Dec 31 2020	n/a	n/a	AU$25m
Sep 30 2020	AU$1m	AU$205k	AU$71m

Compensation vs Market: Sanjeev Kumar's total compensation ($USD4.15M) is above average for companies of similar size in the Australian market ($USD2.67M).

Compensation vs Earnings: Sanjeev Kumar's compensation has been consistent with company performance over the past year.

CEO

Sanjeev Kumar Gandhi (58 yo)

3.6yrs

Tenure

AU$6,385,500

Compensation

Mr. Sanjeev Kumar Gulab Gandhi, BEng (Chemical Engineering), MBA, has been Managing Director, Chief Executive Officer and Executive Director at Orica Limited since April 01, 2021. Mr. Gandhi served as Pres...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Sanjeev Kumar Gandhi	MD, CEO & Executive Director	3.6yrs	AU$6.39m	0.051% A$ 4.5m
James Crough	Chief Financial Officer	less than a year	AU$1.53m	no data
Angus Melbourne	Chief Technology Officer	3.5yrs	AU$2.61m	0.013% A$ 1.2m
Leah Barlow	President of SHES	3.6yrs	AU$2.07m	0.0016% A$ 144.5k
Delphine Cassidy	Chief Communications Officer	4.8yrs	no data	no data
Jennifer Haviland	Chief People & Corporate Services Officer	3.8yrs	no data	no data
James Bonnor	President of Europe	11.1yrs	AU$1.57m	no data
German Baeza	President of Australia Pacific and Sustainability	less than a year	AU$1.26m	no data
Adam Hall	President of Asia	5.4yrs	no data	no data
Brian Gillespie	President of Latin America	3.6yrs	AU$600.98k	no data
Andrew Stewart	President of Specialty Mining Chemicals	less than a year	no data	no data
John Cooper	President of North America	less than a year	no data	no data

3.6yrs

Average Tenure

Experienced Management: ORI's management team is considered experienced (3.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Sanjeev Kumar Gandhi	MD, CEO & Executive Director	3.6yrs	AU$6.39m	0.051% A$ 4.5m
Denise Gibson	Independent Non-Executive Director	6.8yrs	AU$301.70k	0.0027% A$ 238.2k
Malcolm Broomhead	Non-Executive Chairman	8.9yrs	AU$538.50k	0.0082% A$ 729.8k
Karen Moses	Independent Non-Executive Director	8.3yrs	AU$271.70k	0.0033% A$ 298.0k
T. Dravitzki	Director of Orica New Zealand	no data	no data	no data
Gordon Naylor	Independent Non-Executive Director	2.6yrs	AU$277.50k	0.0034% A$ 300.7k
John Beevers	Non-Executive Director	4.8yrs	AU$271.70k	0.0034% A$ 306.0k
Vanessa Guthrie	Independent Non-Executive Director	1.8yrs	AU$249.70k	0.0023% A$ 201.6k
Mark Garrett	Independent Non-Executive Director	1.8yrs	AU$267.50k	0.0025% A$ 219.5k

4.2yrs

Average Tenure

62yo

Average Age

Experienced Board: ORI's board of directors are considered experienced (4.2 years average tenure).

Orica Management

Management criteria checks 3/4

Key information

Recent management updates

Orica Limited Announces Retirement of Gene Tilbrook from the Board of Directors

Orica Limited Announces Vanessa Guthrie AO as Independent, Non-Executive, Effective 1 February 2023

Orica Limited, Annual General Meeting, Feb 13, 2023

Orica Announces the Appointment of Mark Garrett as Independent, Non-Executive Director, to the Board

Orica Limited Announces Board Retirements

Orica Announces Change of Chief Financial Officer Effective October 11, 2022

Recent updates

Final dividend increased to AU$0.28

Full year 2024 earnings released: EPS: AU$1.11 (vs AU$0.65 in FY 2023)

Now 20% undervalued after recent price drop

First half dividend increased to AU$0.19

First half 2024 earnings released: EPS: AU$0.73 (vs AU$0.27 in 1H 2023)

Orica Limited Announces Retirement of Gene Tilbrook from the Board of Directors

New minor risk - Shareholder dilution

Orica Limited has completed a Follow-on Equity Offering in the amount of AUD 400.000012 million.

Orica Limited (ASX:ORI) entered into a binding agreement to acquire Cyanco Corporation from Cerberus Capital Management, L.P for the enterprise value of approximately $640 million.

Orica Limited (ASX:ORI) entered into a binding agreement to acquire Cyanco Corporation from Cerberus Capital Management, L.P for the enterprise value of approximately $640 million.

Orica Limited to Report First Half, 2024 Results on May 09, 2024

Orica Limited Provides Earnings Guidance for the Year 2024

Full year 2023 earnings released: EPS: AU$0.65 (vs AU$0.35 in FY 2022)

CF Industries Files a Separate Lawsuit in the United States Against Orica

Upcoming dividend of AU$0.18 per share at 2.2% yield

Orica Limited Announces Distribution for the Six Months Ended March 31, 2023, Payable on July 3, 2023

First half 2023 earnings released

Orica Limited Announces Vanessa Guthrie AO as Independent, Non-Executive, Effective 1 February 2023

Orica Limited, Annual General Meeting, Feb 13, 2023

Orica Announces the Appointment of Mark Garrett as Independent, Non-Executive Director, to the Board

Orica Limited Announces Board Retirements

Full year 2022 earnings released: EPS: AU$0.35 (vs AU$0.46 loss in FY 2021)

Orica Limited Provides Earnings Guidance for the Fiscal Year 2023

Orica Announces Change of Chief Financial Officer Effective October 11, 2022

Orica Limited (ASX:ORI) entered into an agreement to acquire Axis Mining Technology for AUD 350 million.

Orica Limited Announces Distribution for the Period of Six Months Ended 31 March 2022, Payable on July 08, 2022

Upcoming dividend of AU$0.13 per share

First half 2022 earnings released: EPS: AU$0.002 (vs AU$0.18 in 1H 2021)

Orica Limited Announces Distribution for the Period of Six Months Ended 31 March 2022, Payable on July 08, 2022

Orica Limited Appoints Gordon Naylor as Independent, Non-Executive Director, Effective 1 April 2022

Now 20% undervalued

AURELIUS Equity Opportunities SE & Co. KGaA (XTRA:AR4) agreed to acquire Minova business of Orica Limited (ASX:ORI) for AUD 180 million.

Independent Non-Executive Director recently bought AU$250k worth of stock

Full year 2021 earnings released

Investor sentiment improved over the past week

Independent Non-Executive Director recently bought AU$137k worth of stock

Upcoming dividend of AU$0.075 per share

First half 2021 earnings released: EPS AU$0.19 (vs AU$0.43 in 1H 2020)

Orica Declares Interim Dividend for the Six Ended March 31, 2021, Payable on 9 July 2021

MD, CEO & Executive Director Alberto Zuleta has left the company

New 90-day low: AU$12.56

Investor sentiment deteriorated over the past week

Orica Limited Announces Executive Changes

Orica Limited, Annual General Meeting, Dec 16, 2021

MD, CEO & Executive Director recently bought AU$130k worth of stock

New 90-day low: AU$14.92

Non-Executive Director recently bought AU$61k worth of stock

Orica Limited to Report First Half, 2021 Results on May 13, 2021

Full year 2020 earnings released: EPS AU$0.42

Revenue misses expectations

New 90-day low: AU$15.24

New 90-day low: AU$15.74

New 90-day high - AU$17.97

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age