Foran Mining Management
Management criteria checks 2/4
Foran Mining's CEO is Dan Myerson, appointed in Nov 2020, has a tenure of 3.42 years. total yearly compensation is CA$1.58M, comprised of 30% salary and 70% bonuses, including company stock and options. directly owns 1.68% of the company’s shares, worth CA$24.70M. The average tenure of the management team and the board of directors is 0.6 years and 2.3 years respectively.
Key information
Dan Myerson
Chief executive officer
CA$1.6m
Total compensation
| CEO salary percentage | 30.0% |
| CEO tenure | 3.4yrs |
| CEO ownership | 1.7% |
| Management average tenure | less than a year |
| Board average tenure | 2.3yrs |
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | CA$2m | CA$475k | -CA$14m |
| Sep 30 2023 | n/a | n/a | -CA$12m |
| Jun 30 2023 | n/a | n/a | -CA$12m |
| Mar 31 2023 | n/a | n/a | -CA$13m |
| Dec 31 2022 | CA$2m | CA$375k | -CA$10m |
| Sep 30 2022 | n/a | n/a | -CA$7m |
| Jun 30 2022 | n/a | n/a | -CA$6m |
| Mar 31 2022 | n/a | n/a | -CA$6m |
| Dec 31 2021 | CA$1m | n/a | -CA$4m |
| Sep 30 2021 | n/a | n/a | -CA$4m |
| Jun 30 2021 | n/a | n/a | -CA$4m |
| Mar 31 2021 | n/a | n/a | -CA$3m |
| Dec 31 2020 | CA$179k | n/a | -CA$2m |
Compensation vs Market: Dan's total compensation ($USD1.16M) is below average for companies of similar size in the Canadian market ($USD1.81M).
Compensation vs Earnings: Dan's compensation has been consistent with company performance over the past year.
CEO
Dan Myerson (35 yo)
3.4yrs
Tenure
CA$1,581,634
Compensation
Mr. Daniel Myerson, also known as Dan, MFin., serves as Executive Chairman at Foran Mining Corporation since November 01, 2020 and serves as its Chief Executive Officer since November 09, 2020. He served a...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Chairman | 3.4yrs | CA$1.58m | 1.68% CA$ 24.7m | |
| Chief Financial Officer | 2.8yrs | CA$1.03m | 0.0090% CA$ 131.9k | |
| Chief Operating Officer | less than a year | CA$711.33k | no data | |
| Vice President of Technical Services | less than a year | CA$423.44k | no data | |
| Senior Advisor | less than a year | CA$1.30m | no data | |
| Vice President of Exploration | less than a year | CA$541.82k | no data | |
| Vice President of Legal | less than a year | no data | no data | |
| Vice President of Human Resources | less than a year | no data | no data | |
| Vice President of Capital Markets & External Affairs | 1.3yrs | no data | no data |
0.6yrs
Average Tenure
Experienced Management: FOM's management team is not considered experienced ( 0.6 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Chairman | 3.4yrs | CA$1.58m | 1.68% CA$ 24.7m | |
| Independent Director | 12yrs | CA$226.24k | 0.18% CA$ 2.6m | |
| Lead Independent Director | 13.2yrs | CA$221.74k | 0.91% CA$ 13.4m | |
| Member of Advisory Board | 1.3yrs | CA$407.44k | no data | |
| Independent Director | less than a year | CA$218.49k | no data | |
| Independent Director | less than a year | CA$191.87k | no data | |
| Independent Director | 2.6yrs | CA$251.14k | no data | |
| Member of Advisory Board | 2.3yrs | no data | no data | |
| Independent Director | 1.2yrs | CA$265.10k | no data |
2.3yrs
Average Tenure
57yo
Average Age
Experienced Board: FOM's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.