PolyMet Mining Management
Management criteria checks 4/4
PolyMet Mining's CEO is Jon Cherry, appointed in Jul 2012, has a tenure of 11.33 years. total yearly compensation is $1.66M, comprised of 27.3% salary and 72.7% bonuses, including company stock and options. directly owns 0.24% of the company’s shares, worth CA$1.34M. The average tenure of the management team and the board of directors is 8.9 years and 11.3 years respectively.
Key information
Jon Cherry
Chief executive officer
US$1.7m
Total compensation
| CEO salary percentage | 27.3% |
| CEO tenure | 11.3yrs |
| CEO ownership | 0.2% |
| Management average tenure | 8.9yrs |
| Board average tenure | 11.3yrs |
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2023 | n/a | n/a | -US$25m |
| Mar 31 2023 | n/a | n/a | -US$31m |
| Dec 31 2022 | US$2m | US$452k | -US$34m |
| Sep 30 2022 | n/a | n/a | -US$29m |
| Jun 30 2022 | n/a | n/a | -US$25m |
| Mar 31 2022 | n/a | n/a | -US$20m |
| Dec 31 2021 | US$2m | US$450k | -US$16m |
| Sep 30 2021 | n/a | n/a | -US$17m |
| Jun 30 2021 | n/a | n/a | -US$16m |
| Mar 31 2021 | n/a | n/a | -US$17m |
| Dec 31 2020 | US$2m | US$439k | -US$21m |
| Sep 30 2020 | n/a | n/a | -US$66m |
| Jun 30 2020 | n/a | n/a | -US$65m |
| Mar 31 2020 | n/a | n/a | -US$59m |
| Dec 31 2019 | US$2m | US$426k | -US$58m |
| Sep 30 2019 | n/a | n/a | -US$11m |
| Jun 30 2019 | n/a | n/a | -US$11m |
| Mar 31 2019 | n/a | n/a | -US$13m |
| Dec 31 2018 | US$2m | US$412k | -US$15m |
| Dec 31 2017 | US$839k | US$378k | -US$11m |
Compensation vs Market: Jon's total compensation ($USD1.66M) is about average for companies of similar size in the Canadian market ($USD1.38M).
Compensation vs Earnings: Jon's compensation has been consistent with company performance over the past year.
CEO
Jon Cherry (53 yo)
11.3yrs
Tenure
US$1,656,400
Compensation
Mr. Jonathan Cherry, also known as Jon, P.Eng, serves as Chairman since June 2020, President, Chief Executive Officer and Director since July 2012 at Poly Met Mining, Inc. Mr. Cherry serves as Independent...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 11.3yrs | US$1.66m | 0.24% CA$ 1.3m | |
| Executive VP & CFO | 6.4yrs | US$1.01m | 0.12% CA$ 682.3k | |
| Corporate Controller | 11.6yrs | US$451.30k | 0.051% CA$ 283.6k | |
| President of Proteus Capital | 6.4yrs | US$908.90k | no data | |
| ESG Survey Contact | no data | no data | no data |
8.9yrs
Average Tenure
53yo
Average Age
Experienced Management: POM's management team is seasoned and experienced (8.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 11.3yrs | US$1.66m | 0.24% CA$ 1.3m | |
| Independent Director | 20.1yrs | US$105.00k | 0.0026% CA$ 14.3k | |
| Director | less than a year | no data | no data | |
| Director | 15.1yrs | no data | 0.012% CA$ 66.5k | |
| Lead Independent Director | 12.7yrs | US$110.00k | 0.012% CA$ 66.7k | |
| Independent Director | 3.4yrs | US$110.00k | no data | |
| Director | 1.9yrs | no data | no data |
11.3yrs
Average Tenure
61yo
Average Age
Experienced Board: POM's board of directors are seasoned and experienced ( 11.3 years average tenure).