South32 Management

Management criteria checks 3/4

South32's CEO is Graham Kerr, appointed in Oct 2014, has a tenure of 9.5 years. total yearly compensation is $4.04M, comprised of 27.2% salary and 72.8% bonuses, including company stock and options. directly owns 0.045% of the company’s shares, worth A$6.88M. The average tenure of the management team and the board of directors is 1.9 years and 7.7 years respectively.

Key information

Graham Kerr

Chief executive officer

US$4.0m

Total compensation

CEO salary percentage	27.2%
CEO tenure	9.5yrs
CEO ownership	0.05%
Management average tenure	1.9yrs
Board average tenure	7.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Graham Kerr's remuneration changed compared to South32's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-US$805m
Sep 30 2023	n/a	n/a	-US$489m
Jun 30 2023	US$4m	US$1m	-US$173m
Mar 31 2023	n/a	n/a	US$1b
Dec 31 2022	n/a	n/a	US$2b
Sep 30 2022	n/a	n/a	US$2b
Jun 30 2022	US$4m	US$1m	US$3b
Mar 31 2022	n/a	n/a	US$2b
Dec 31 2021	n/a	n/a	US$1b
Sep 30 2021	n/a	n/a	US$578m
Jun 30 2021	US$5m	US$1m	US$142m
Dec 31 2020	n/a	n/a	US$219m
Sep 30 2020	n/a	n/a	US$189m
Jun 30 2020	US$5m	US$1m	US$158m
Mar 31 2020	n/a	n/a	-US$106m
Dec 31 2019	n/a	n/a	-US$147m
Sep 30 2019	n/a	n/a	US$121m
Jun 30 2019	US$5m	US$1m	US$389m
Mar 31 2019	n/a	n/a	US$907m
Dec 31 2018	n/a	n/a	US$1b
Sep 30 2018	n/a	n/a	US$1b
Jun 30 2018	US$5m	US$1m	US$1b
Mar 31 2018	n/a	n/a	US$1b
Dec 31 2017	n/a	n/a	US$1b
Sep 30 2017	n/a	n/a	US$1b
Jun 30 2017	US$6m	US$1m	US$1b

Compensation vs Market: Graham's total compensation ($USD4.04M) is about average for companies of similar size in the Australian market ($USD4.08M).

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

CEO

Graham Kerr (52 yo)

9.5yrs

Tenure

US$4,036,233

Compensation

Mr. Graham Kerr, BBus, FCPA, has been the Chief Executive Officer and Managing Director of South32 Limited since August 2014 and December 9, 2015 respectively. He is responsible for running all facets of t...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Graham Kerr	CEO, MD & Executive Director	9.5yrs	US$4.04m	0.045% $ 6.9m
Sandy Sibenaler	Chief Financial Officer	less than a year	US$631.41k	no data
Katie Tovich	Chief Human Resources & Commercial Officer	less than a year	US$1.47m	0.012% $ 1.9m
Noel Pillay	Chief Operating Officer of Africa & Colombia	no data	US$1.15m	0.0071% $ 1.1m
Vanessa Torres	Chief Operating Officer	less than a year	no data	no data
Erwin Schaufler	Chief Technical Of?cer	less than a year	no data	no data
Ben Baker	Head of Investor Relations	no data	no data	no data
Kelly O'Rourke	Chief Legal & External Affairs Officer	2.8yrs	no data	no data
Hayley Cardy	Group Manager of Communications	no data	no data	no data
Simon Collins	Chief Development Officer	5.5yrs	no data	no data
Claire Tolcon	Company Secretary	3.5yrs	no data	no data

1.9yrs

Average Tenure

52yo

Average Age

Experienced Management: S32's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Graham Kerr	CEO, MD & Executive Director	9.3yrs	US$4.04m	0.045% $ 6.9m
Keith Rumble	Independent Non-Executive Director	9.2yrs	US$206.47k	0.0036% $ 544.4k
Karen Wood	Independent Chairman of the Board	6.4yrs	US$407.62k	0.0081% $ 1.2m
Frank Cooper	Independent Non Executive Director	8.9yrs	US$181.83k	0.0028% $ 431.9k
Wayne Osborn	Independent Non-Executive Director	8.9yrs	US$198.48k	0.0039% $ 587.0k
Ntombifuthi Temperance Mtoba	Independent Non-Executive Director	8.9yrs	US$173.84k	0.0016% $ 240.3k
Carlos Augusto Mesquita	Independent Non-Executive Director	less than a year	US$28.64k	0.012% $ 1.8m
Sharon Warburton	Independent Non-Executive Director	less than a year	no data	0.00095% $ 144.5k
Xiaoling Liu	Independent Non-Executive Director	6.4yrs	US$179.83k	0.0015% $ 222.0k
Jane Nelson	Independent Non-Executive Director	less than a year	US$25.31k	no data

7.7yrs

Average Tenure

67yo

Average Age

Experienced Board: S32's board of directors are considered experienced (7.7 years average tenure).

South32 Management

Management criteria checks 3/4

Key information

Recent management updates

South32 Limited, Annual General Meeting, Oct 24, 2024

South32 Limited Announces the Appointment of Sharon Warburton as Independent Non-Executive Director

South32 Limited Announces the Appointment of Sharon Warburton as Independent Non-Executive Director

South32 Limited Announces Resignation of Guy Lansdown as Director

Insufficient new directors

South32 Limited, Annual General Meeting, Oct 26, 2023

Recent updates

Now 24% overvalued after recent price rise

Now 25% overvalued

Golden Energy and Resources Limited and M Resources Pty Ltd agreed to acquire Illawarra Metallurgical Coal from South32 Limited (ASX:S32) for $1.6 billion.

Golden Energy and Resources Limited and M Resources Pty Ltd agreed to acquire Illawarra Metallurgical Coal from South32 Limited (ASX:S32) for $1.6 billion.

First half dividend of US$0.004 announced

First half 2024 earnings released: EPS: US$0.012 (vs US$0.15 in 1H 2023)

South32 Limited Declarers an Interim Dividend for the Half Year Ended 31 December 2023, Payable on 4 April 2024

Stanmore Resources Limited (ASX:SMR) entered into definitive agreement to acquire 50% stake in Eagle Downs Metallurgical Coal Joint Venture Project from South32 Limited (ASX:S32).

South32 Limited, Annual General Meeting, Oct 24, 2024

South32 Limited to Report Q4, 2024 Results on Jul 22, 2024

South32 Limited Announces the Appointment of Sharon Warburton as Independent Non-Executive Director

South32 Limited Announces the Appointment of Sharon Warburton as Independent Non-Executive Director

South32 Limited Provides Production Guidance for the Fiscal Year 2024

Upcoming dividend of US$0.032 per share at 3.8% yield

Coronado Reportedly in Talks with South32 on Coal Asset

South32 Limited Reports First Time Mineral Resource Estimate for the Sierra Gorda Copper Mine

South32 Limited Announces Ordinary Fully Paid Dividend for the Six Months Ended June 30, 2023, Payment Date of October 12, 2023

Full year 2023 earnings released: US$0.038 loss per share (vs US$0.57 profit in FY 2022)

Suitors Reportedly Prepare to Lob Bids for Chalice

South32 Limited Announces Resignation of Guy Lansdown as Director

South32 Limited Provides Hermosa Project Update

South32 Reportedly Eyeing $3bn Copper Buy

Upcoming dividend of US$0.049 per share at 10% yield

First half 2023 earnings released: EPS: US$0.15 (vs US$0.22 in 1H 2022)

South32 Limited Resolves to Pay Interim Dividend for the Half Year Ended 31 December 2022, Payable 6 April 2023

Insufficient new directors

South32 Limited, Annual General Meeting, Oct 26, 2023

Upcoming dividend of US$0.17 per share

Full year 2022 earnings released: EPS: US$0.57 (vs US$0.03 in FY 2021)

South32 Limited Resolves to Pay Final Dividend for the Year Ended 30 June 2022, Payable on 13 October 2022

South32 Limited completed the acquisition of an additional 16.6% stake in Mozal Aluminium from MCA Metals Holding Gmbh for $200 million.

South32 Limited (ASX:S32) completed the acquisition of additional 18.2% stake in MRN Bauxite Mine from Alcoa Corporation (NYSE:AA).

Insufficient new directors

Now 21% undervalued

Upcoming dividend of US$0.087 per share

South32 Limited to Report Q4, 2022 Final Results on Jul 25, 2022

South32 Limited (ASX:S32) completed the acquisition of 31.5% stake in Sierra Gorda S.C.M. from Sumitomo Metal Mining Co., Ltd. (TSE:5713).

First half 2022 earnings: EPS in line with expectations, revenues disappoint

South32 Limited Declares Ordinary Franked Dividend for the Six Months Ended December 31, 2021, Payable on April 7, 2022

South32 Limited Announces Hermosa Project Update

South32 Limited with Joint Venture Partner Alcoa Corporation Announces Restart of Brazil Aluminium Using Renewable Power

Insufficient new directors

Upcoming dividend of US$0.055 per share

Full year 2021 earnings released: EPS US$0.03 (vs US$0.013 loss in FY 2020)

Chief Legal Officer Nicole Duncan has left the company

Seriti Resources Holdings Ltd. completed the acquisition of South African Energy Coal from South32 Limited (ASX:S32).

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

South32 Limited Announces Interim Dividend (Fully Franked) for the Half Year Ended 31 December 2020, Payable on 8 April 2021

New 90-day high: AU$2.86

First half 2021 earnings released: EPS US$0.011 (vs US$0.02 in 1H 2020)

Revenue misses expectations

New 90-day high: AU$2.81

South32 Limited to Report Q4, 2021 Results on Jul 19, 2021

South32 Limited to Report Q1, 2022 Results on Oct 18, 2021

South32 Reportedly Set to Dump Coal Mine Project

New 90-day high: AU$2.71

South32 Limited to Report Fiscal Year 2021 Results on Aug 19, 2021

New 90-day high: AU$2.63

New 90-day high: AU$2.33

Independent Non-Executive Director recently bought AU$100k worth of stock

New 90-day low: AU$2.03

South32 Limited Appoints Claire Tolcon as Company Secretary

South32 Limited Announces Changes to South32's Lead Team as Part of the Continued Simplification of the Group's Functional Structures

New 90-day high: AU$2.27

Full year earnings released - AU$0.013 loss per share

Earnings released

South32 Limited (ASX:S32) acquired 8% stake in South Africa Energy Coal from Spar BBBEE Retailer Employee Trust.

CEO Compensation Analysis

CEO