Fortune Minerals Management
Management criteria checks 2/4
Fortune Minerals' CEO is Robin Goad, appointed in Jan 1988, has a tenure of 36.33 years. total yearly compensation is CA$433.39K, comprised of 58.8% salary and 41.2% bonuses, including company stock and options. directly owns 2.05% of the company’s shares, worth CA$563.10K. The average tenure of the management team and the board of directors is 10 years and 9.5 years respectively.
Key information
Robin Goad
Chief executive officer
CA$433.4k
Total compensation
| CEO salary percentage | 58.8% |
| CEO tenure | 36.3yrs |
| CEO ownership | 2.0% |
| Management average tenure | 10yrs |
| Board average tenure | 9.5yrs |
Recent management updates
Recent updates
Would Fortune Minerals (TSE:FT) Be Better Off With Less Debt?
Dec 21
Fortune Minerals (TSE:FT) Is Making Moderate Use Of Debt
Sep 07Here's Why Fortune Minerals (TSE:FT) Can Afford Some Debt
May 25Would Fortune Minerals (TSE:FT) Be Better Off With Less Debt?
Nov 29Is Fortune Minerals (TSE:FT) Using Too Much Debt?
May 05Here's Why Fortune Minerals (TSE:FT) Can Afford Some Debt
Sep 02Fortune Minerals (TSE:FT) Is Making Moderate Use Of Debt
Mar 31We Think Fortune Minerals (TSE:FT) Has A Fair Chunk Of Debt
Nov 19CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | n/a | n/a | -CA$3m |
| Sep 30 2023 | n/a | n/a | -CA$33m |
| Jun 30 2023 | n/a | n/a | -CA$33m |
| Mar 31 2023 | n/a | n/a | -CA$34m |
| Dec 31 2022 | CA$433k | CA$255k | -CA$3m |
| Sep 30 2022 | n/a | n/a | -CA$2m |
| Jun 30 2022 | n/a | n/a | -CA$562k |
| Mar 31 2022 | n/a | n/a | CA$2m |
| Dec 31 2021 | CA$331k | CA$247k | -CA$2m |
| Sep 30 2021 | n/a | n/a | -CA$2m |
| Jun 30 2021 | n/a | n/a | -CA$3m |
| Mar 31 2021 | n/a | n/a | -CA$5m |
| Dec 31 2020 | CA$304k | CA$296k | -CA$2m |
| Sep 30 2020 | n/a | n/a | -CA$82k |
| Jun 30 2020 | n/a | n/a | CA$263k |
| Mar 31 2020 | n/a | n/a | CA$253k |
| Dec 31 2019 | CA$357k | CA$349k | -CA$3m |
| Sep 30 2019 | n/a | n/a | -CA$4m |
| Jun 30 2019 | n/a | n/a | -CA$4m |
| Mar 31 2019 | n/a | n/a | CA$3m |
| Dec 31 2018 | CA$380k | CA$326k | CA$9m |
| Sep 30 2018 | n/a | n/a | CA$4m |
| Jun 30 2018 | n/a | n/a | CA$2m |
| Mar 31 2018 | n/a | n/a | -CA$5m |
| Dec 31 2017 | CA$401k | CA$326k | -CA$12m |
Compensation vs Market: Robin's total compensation ($USD315.00K) is above average for companies of similar size in the Canadian market ($USD174.31K).
Compensation vs Earnings: Robin's compensation has increased whilst the company is unprofitable.
CEO
Robin Goad (65 yo)
36.3yrs
Tenure
CA$433,394
Compensation
Mr. Robin Ellis Goad, M.Sc., P.Geo., Co-founded Fortune Minerals Limited in 1988 and serves as its Chief Executive Officer and President. Mr. Goad oversees three mining and refinery projects undergoing env...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 36.3yrs | CA$433.39k | 2.05% CA$ 563.1k | |
| Interim Chief Financial Officer | 3.9yrs | CA$204.81k | 0.13% CA$ 35.7k | |
| Technical Director & Director | 7yrs | CA$54.40k | 0.020% CA$ 5.5k | |
| Investor Relations Manager | 12.9yrs | no data | no data | |
| Corporate Secretary | no data | no data | 0.021% CA$ 5.9k |
10.0yrs
Average Tenure
65yo
Average Age
Experienced Management: FT's management team is seasoned and experienced (10 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 35.6yrs | CA$433.39k | 2.05% CA$ 563.1k | |
| Technical Director & Director | 7.7yrs | CA$54.40k | 0.020% CA$ 5.5k | |
| Independent Chairman of the Board | 18.2yrs | CA$109.55k | 1.38% CA$ 379.4k | |
| Independent Director | 10.8yrs | CA$68.00k | 2.03% CA$ 556.9k | |
| Independent Director | 5.9yrs | CA$68.00k | 0.30% CA$ 82.5k | |
| Independent Director | 8.1yrs | CA$54.40k | 0.23% CA$ 62.2k |
9.5yrs
Average Tenure
64.5yo
Average Age
Experienced Board: FT's board of directors are considered experienced (9.5 years average tenure).