Algoma Steel Group Management
Management criteria checks 2/4
Algoma Steel Group's CEO is Mike Garcia, appointed in Jun 2022, has a tenure of 3.5 years. total yearly compensation is CA$4.81M, comprised of 16.4% salary and 83.6% bonuses, including company stock and options. directly owns 0.04% of the company’s shares, worth CA$251.18K. The average tenure of the management team and the board of directors is 3.1 years and 4.2 years respectively.
Key information
Mike Garcia
Chief executive officer
CA$4.8m
Total compensation
| CEO salary percentage | 16.40% |
| CEO tenure | 3.5yrs |
| CEO ownership | 0.04% |
| Management average tenure | 3.1yrs |
| Board average tenure | 4.2yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2025 | n/a | n/a | -CA$770m |
| Jun 30 2025 | n/a | n/a | -CA$392m |
| Mar 31 2025 | n/a | n/a | -CA$275m |
| Dec 31 2024 | CA$5m | CA$789k | -CA$223m |
| Sep 30 2024 | n/a | n/a | -CA$157m |
| Jun 30 2024 | n/a | n/a | -CA$20m |
| Mar 31 2024 | n/a | n/a | CA$105m |
| Dec 31 2023 | n/a | n/a | CA$57m |
| Sep 30 2023 | n/a | n/a | CA$72m |
| Jun 30 2023 | n/a | n/a | CA$128m |
| Mar 31 2023 | CA$3m | CA$839k | CA$299m |
Compensation vs Market: Mike's total compensation ($USD3.44M) is above average for companies of similar size in the Canadian market ($USD966.03K).
Compensation vs Earnings: Mike's compensation has increased whilst the company is unprofitable.
CEO
Mike Garcia (60 yo)
Mr. Michael Dennis Garcia, also known as Mike, serves as Chief Executive Officer and Director at Algoma Steel Group Inc since June 01, 2022. He had been the President of Domtar Pulp and Paper at Domtar Cor...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 3.5yrs | CA$4.81m | 0.040% CA$ 250.7k | |
| President & CFO | 13.9yrs | CA$1.56m | 0.0049% CA$ 30.9k | |
| VP of Strategy & Chief Legal Officer | 3.9yrs | CA$1.47m | 0.019% CA$ 117.6k | |
| Senior Vice President of Production | 2.6yrs | CA$1.63m | no data | |
| Vice President of Corporate Development & Treasurer | no data | no data | 0.0049% CA$ 30.7k | |
| Chief Human Resource Officer | 2.8yrs | no data | no data | |
| Chief Commercial Officer | 1.9yrs | no data | no data |
Experienced Management: ASTL's management team is considered experienced (3.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 3.5yrs | CA$4.81m | 0.040% CA$ 250.7k | |
| Independent Director | 4.2yrs | CA$245.91k | 1.98% CA$ 12.4m | |
| Independent Director | 4.2yrs | CA$264.01k | no data | |
| Independent Chairman | 4.3yrs | CA$728.19k | no data | |
| Independent Director | 4.2yrs | CA$255.52k | no data | |
| Independent Director | 1.3yrs | CA$82.33k | no data | |
| Independent Director | 3.3yrs | CA$235.85k | no data | |
| Independent Director | less than a year | no data | no data | |
| Independent Director | 4.2yrs | CA$251.84k | no data |
Experienced Board: ASTL's board of directors are considered experienced (4.2 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/12/01 19:22 |
| End of Day Share Price | 2025/11/28 00:00 |
| Earnings | 2025/09/30 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Algoma Steel Group Inc. is covered by 4 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Alexander Robert Pearce | BMO Capital Markets Equity Research |
| David Ocampo | Cormark Securities Inc. |
| James McGarragle | RBC Capital Markets |