Erdene Resource Development Management
Management criteria checks 3/4
Erdene Resource Development's CEO is Peter Akerley, appointed in Mar 2003, has a tenure of 21.17 years. total yearly compensation is CA$642.30K, comprised of 55.7% salary and 44.3% bonuses, including company stock and options. directly owns 0.83% of the company’s shares, worth CA$1.17M. The average tenure of the management team and the board of directors is 13.3 years and 7.9 years respectively.
Key information
Peter Akerley
Chief executive officer
CA$642.3k
Total compensation
| CEO salary percentage | 55.7% |
| CEO tenure | 21.2yrs |
| CEO ownership | 0.8% |
| Management average tenure | 13.3yrs |
| Board average tenure | 7.9yrs |
Recent management updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | n/a | n/a | CA$522k |
| Sep 30 2023 | n/a | n/a | -CA$6m |
| Jun 30 2023 | n/a | n/a | -CA$7m |
| Mar 31 2023 | n/a | n/a | -CA$6m |
| Dec 31 2022 | CA$642k | CA$357k | -CA$6m |
| Sep 30 2022 | n/a | n/a | -CA$7m |
| Jun 30 2022 | n/a | n/a | -CA$7m |
| Mar 31 2022 | n/a | n/a | -CA$6m |
| Dec 31 2021 | CA$591k | CA$331k | -CA$6m |
| Sep 30 2021 | n/a | n/a | -CA$5m |
| Jun 30 2021 | n/a | n/a | -CA$7m |
| Mar 31 2021 | n/a | n/a | -CA$13m |
| Dec 31 2020 | CA$570k | CA$308k | -CA$13m |
| Sep 30 2020 | n/a | n/a | -CA$12m |
| Jun 30 2020 | n/a | n/a | -CA$9m |
| Mar 31 2020 | n/a | n/a | -CA$3m |
| Dec 31 2019 | CA$466k | CA$296k | -CA$3m |
| Sep 30 2019 | n/a | n/a | -CA$3m |
| Jun 30 2019 | n/a | n/a | -CA$3m |
| Mar 31 2019 | n/a | n/a | -CA$3m |
| Dec 31 2018 | CA$656k | CA$298k | -CA$4m |
| Sep 30 2018 | n/a | n/a | -CA$4m |
| Jun 30 2018 | n/a | n/a | -CA$4m |
| Mar 31 2018 | n/a | n/a | -CA$4m |
| Dec 31 2017 | CA$653k | CA$286k | -CA$4m |
Compensation vs Market: Peter's total compensation ($USD469.52K) is above average for companies of similar size in the Canadian market ($USD175.48K).
Compensation vs Earnings: Peter's compensation has been consistent with company performance over the past year.
CEO
Peter Akerley (60 yo)
21.2yrs
Tenure
CA$642,296
Compensation
Mr. Peter C. Akerley, B.Sc., has been the Chief Executive Officer and President of Erdene Resource Development Corporation since March 2003. Mr. Akerley has been the President of BRM Exploration Ltd. since...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 21.2yrs | CA$642.30k | 0.83% CA$ 1.2m | |
| VP & CFO | 5yrs | CA$352.23k | 0.32% CA$ 458.2k | |
| Vice President of Exploration | 7.3yrs | CA$274.74k | no data | |
| Chief Development Officer of Erdene Mongol LLC | less than a year | CA$478.26k | no data | |
| Chief Administrative Officer | 19.2yrs | no data | no data | |
| Director of External Relations & Communications | no data | no data | no data | |
| Chief Geologist of Mongolia | no data | no data | no data | |
| Senior Geologist | no data | no data | no data | |
| Corporate Secretary | 21.2yrs | no data | no data | |
| Chief Executive Officer of Erdene Mongol LLC | no data | no data | no data |
13.3yrs
Average Tenure
Experienced Management: ERD's management team is seasoned and experienced (13.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 21.3yrs | CA$642.30k | 0.83% CA$ 1.2m | |
| Independent Director | 7.9yrs | CA$52.48k | 0.25% CA$ 349.3k | |
| Independent Director | 19.8yrs | CA$54.88k | 2.01% CA$ 2.9m | |
| Independent Director | 4.9yrs | CA$52.88k | 0.57% CA$ 815.0k | |
| Independent & Non-Executive Director | 4.7yrs | CA$45.88k | no data | |
| Independent Non-Executive Director | 6.2yrs | CA$46.88k | 0.15% CA$ 216.4k | |
| Independent Chairman of the Board | 8.8yrs | CA$86.88k | 0.35% CA$ 503.7k | |
| Independent Director | 7.9yrs | CA$57.28k | 0.042% CA$ 60.1k |
7.9yrs
Average Tenure
66yo
Average Age
Experienced Board: ERD's board of directors are considered experienced (7.9 years average tenure).