Reach Resources Management
Management criteria checks 3/4
Reach Resources' CEO is Jeremy Bower, appointed in Mar 2022, has a tenure of 2.17 years. total yearly compensation is A$250.34K, comprised of 64.3% salary and 35.7% bonuses, including company stock and options. directly owns 0.53% of the company’s shares, worth A$35.10K. The average tenure of the management team and the board of directors is 2.2 years and 3 years respectively.
Key information
Jeremy Bower
Chief executive officer
AU$250.3k
Total compensation
| CEO salary percentage | 64.3% |
| CEO tenure | 2.2yrs |
| CEO ownership | 0.5% |
| Management average tenure | 2.2yrs |
| Board average tenure | 3yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | n/a | n/a | -AU$3m |
| Sep 30 2023 | n/a | n/a | -AU$3m |
| Jun 30 2023 | AU$250k | AU$161k | -AU$3m |
| Mar 31 2023 | n/a | n/a | -AU$2m |
| Dec 31 2022 | n/a | n/a | -AU$529k |
| Sep 30 2022 | n/a | n/a | -AU$490k |
| Jun 30 2022 | AU$88k | AU$23k | -AU$451k |
Compensation vs Market: Jeremy's total compensation ($USD164.55K) is below average for companies of similar size in the Australian market ($USD294.64K).
Compensation vs Earnings: Jeremy's compensation has increased whilst the company is unprofitable.
CEO
Jeremy Bower
2.2yrs
Tenure
AU$250,337
Compensation
Mr. Jeremy Bower, BSc, (Soil Science/Botany), MAICD, serves as Chief Executive Officer at Reach Resources Limited since March 23, 2022. He served as the Chief Executive Officer of Pluton Resources Limited...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 2.2yrs | AU$250.34k | 0.53% A$ 35.1k | |
| Exploration Manager | 1.2yrs | no data | no data | |
| Company Secretary | 3yrs | no data | no data |
2.2yrs
Average Tenure
Experienced Management: RR1DA's management team is considered experienced (2.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Non-Executive Chairman | 3yrs | AU$64.65k | 0.11% A$ 7.2k | |
| Non-Executive Director | 2.5yrs | AU$37.65k | 0.11% A$ 7.2k | |
| Non-Executive Director | 3yrs | AU$37.65k | no data |
3.0yrs
Average Tenure
Experienced Board: RR1DA's board of directors are considered experienced (3 years average tenure).