NOVONIX Management

Management criteria checks 2/4

NOVONIX's CEO is Chris Burns, appointed in Sep 2020, has a tenure of 4.17 years. total yearly compensation is $2.08M, comprised of 31.7% salary and 68.3% bonuses, including company stock and options. directly owns 0.7% of the company’s shares, worth A$2.38M. The average tenure of the management team and the board of directors is 2.6 years and 1.6 years respectively.

Key information

Chris Burns

Chief executive officer

US$2.1m

Total compensation

CEO salary percentage	31.7%
CEO tenure	4.2yrs
CEO ownership	0.7%
Management average tenure	2.6yrs
Board average tenure	1.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Chris Burns's remuneration changed compared to NOVONIX's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	-US$47m
Mar 31 2024	n/a	n/a	-US$47m
Dec 31 2023	US$2m	US$660k	-US$46m
Jun 30 2023	n/a	n/a	-US$53m
Mar 31 2023	n/a	n/a	-US$54m
Dec 31 2022	US$3m	US$304k	-US$56m
Jun 30 2022	n/a	n/a	-US$52m
Mar 31 2022	n/a	n/a	-US$39m
Dec 31 2021	n/a	n/a	-US$26m
Sep 30 2021	n/a	n/a	-US$20m
Jun 30 2021	US$3m	US$274k	-US$13m
Mar 31 2021	n/a	n/a	-US$14m
Dec 31 2020	n/a	n/a	-US$18m
Sep 30 2020	n/a	n/a	-US$16m
Jun 30 2020	US$2m	US$194k	-US$13m
Mar 31 2020	n/a	n/a	-US$15m
Dec 31 2019	n/a	n/a	-US$20m
Sep 30 2019	n/a	n/a	-US$18m
Jun 30 2019	US$1m	US$160k	-US$18m
Mar 31 2019	n/a	n/a	-US$13m
Dec 31 2018	n/a	n/a	-US$8m
Sep 30 2018	n/a	n/a	-US$8m
Jun 30 2018	US$904k	US$150k	-US$8m

Compensation vs Market: Chris's total compensation ($USD2.08M) is above average for companies of similar size in the Australian market ($USD704.46K).

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

CEO

Chris Burns (36 yo)

4.2yrs

Tenure

US$2,080,934

Compensation

Dr. John Christopher Burns, also known as Chris, serves as Chief Executive Officer of Novonix Limited since September 2020 and had been its Chief Operating Officer. He has been Chief Executive Officer at N...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
John Burns	Chief Executive Officer	4.2yrs	US$2.08m	0.70% A$ 2.4m
Rashda Buttar	Chief Legal & Administrative Officer	3.6yrs	US$1.09m	0.026% A$ 87.4k
Ronald Edmonds	Interim Executive Officer of Finance & Director	less than a year	US$91.94k	0.013% A$ 45.1k
Robert Long	Chief Financial Officer	less than a year	no data	no data
Darcy MacDougald	Chief Operating Officer	1.8yrs	no data	no data
Jeffrey Dahn	Chief Scientific Advisor	3.3yrs	no data	no data
Lori Mcleod	President of Battery Technology Solutions	1.2yrs	no data	no data
Suzanne Yeates	Financial Controller & Company Secretary	9.2yrs	no data	no data

2.6yrs

Average Tenure

54yo

Average Age

Experienced Management: NVX's management team is considered experienced (2.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Ronald Edmonds	Interim Executive Officer of Finance & Director	2.1yrs	US$91.94k	0.013% A$ 45.1k
Anthony Bellas	Independent Non-Executive Deputy Chairman	9.3yrs	US$125.31k	0.60% A$ 2.0m
Jean Oelwang	Non-Executive Director	2.7yrs	US$90.72k	0.016% A$ 54.6k
Nicholas Liveris	Director	less than a year	US$923.48k	0.28% A$ 962.3k
Suresh Vaidyanathan	Non-Executive Director	1.2yrs	US$18.03k	no data
Sharan Burrow	Non-Executive Director	less than a year	no data	no data

1.6yrs

Average Tenure

58yo

Average Age

Experienced Board: NVX's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.

NOVONIX Management

Management criteria checks 2/4

Key information

Recent management updates

Director recently sold AU$93k worth of stock

NOVONIX Limited Announces Board Changes

NOVONIX Limited Announces Resignation of Nick Liveris as Chief Financial Officer

NOVONIX Limited, Annual General Meeting, Apr 17, 2024

NOVONIX Limited Appoints Sharan Burrow AC to Its Board of Directors, Effective 28 February, 2024

Daniel Akerson Resigns from NOVONIX Limited Board of Directors

Recent updates

NOVONIX Limited has filed a Follow-on Equity Offering in the amount of AUD 5 million.

NOVONIX Limited to Report Q3, 2024 Results on Oct 30, 2024

Director recently sold AU$93k worth of stock

First half 2024 earnings released: US$0.059 loss per share (vs US$0.058 loss in 1H 2023)

NOVONIX Limited Announces Board Changes

NOVONIX Limited Announces Resignation of Nick Liveris as Chief Financial Officer

New minor risk - Share price stability

Axon Graphite Limited signed a definitive agreement to acquire Md South Tenements Pty. Ltd. from NOVONIX Limited (ASX:NVX) for approximately AUD 10 million on April 3, 2024.

NOVONIX Limited, Annual General Meeting, Apr 17, 2024

New major risk - Financial position

Full year 2023 earnings released: US$0.095 loss per share (vs US$0.12 loss in FY 2022)

NOVONIX Limited Appoints Sharan Burrow AC to Its Board of Directors, Effective 28 February, 2024

NOVONIX Limited to Report Q4, 2023 Results on Jan 30, 2024

Daniel Akerson Resigns from NOVONIX Limited Board of Directors

New major risk - Revenue and earnings growth

NOVONIX Limited to Report Q3, 2023 Results on Oct 26, 2023

New major risk - Share price stability

Non-Executive Chairman recently bought AU$296k worth of stock

Novonix Limited Provide an Update on Production from Its Proprietary, Continuous Induction Generation 3 Furnaces

Novonix Limited Announces the Cessation of Zhanna Golodryga as Director

Novonix Limited Announces Board Changes

First half 2023 earnings released: US$0.058 loss per share (vs US$0.064 loss in 1H 2022)

Novonix Limited's Battery Technology Solutions Division Commissions Zero-Waste Cathode Pilot Line

Non-Executive Chairman recently sold AU$356k worth of stock

Novonix Limited announced that it expects to receive AUD 45.05 million in funding from LG Energy Solution, Ltd.

Forecast to breakeven in 2024

First half 2023 earnings released: US$0.057 loss per share (vs US$0.047 loss in 1H 2022)

Less than half of directors are independent

Less than half of directors are independent

Novonix Limited Announces Board Appointments

Forecast to breakeven in 2024

Novonix Limited, Annual General Meeting, Oct 26, 2022

Full year 2022 earnings released: AU$0.15 loss per share (vs AU$0.049 loss in FY 2021)

Novonix Limited, Annual General Meeting, Oct 26, 2022

No longer forecast to breakeven

Novonix Limited Announces Board Changes

NOVONIX Limited Announces Appointment of Jean Oelwang to Board of Directors

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

NOVONIX Limited Announces Preliminary Results of Environmental Impact Study

Non-Executive Director Gregory Baynton has left the company

Full year 2021 earnings released: AU$0.049 loss per share (vs AU$0.15 loss in FY 2020)

Novonix Limited announced that it expects to receive $150 million in funding from Phillips 66

First half 2021 earnings released: AU$0.031 loss per share (vs AU$0.055 loss in 1H 2020)

Novonix Limited has completed a Follow-on Equity Offering in the amount of AUD 115.13 million.

Novonix Names Jeff Dahn as Chief Scientific Advisor, Effective July 1, 2021

New 90-day high: AU$1.41

Novonix Limited Appoints Nick Liveris as Chief Financial Officer

NOVONIX Limited Appoints Chris Burns as Group Chief Executive Officer

Novonix Limited Auditor Raises 'Going Concern' Doubt

Full year earnings released - AU$0.15 loss per share

New 90-day high - AU$1.96

New 90-day high - AU$1.52

Novonix Limited has completed a Follow-on Equity Offering in the amount of AUD 58.281874 million.

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age