Grande Portage Resources Management
Management criteria checks 3/4
Grande Portage Resources' CEO is Ian Klassen, appointed in Apr 2007, has a tenure of 17.58 years. total yearly compensation is CA$230.85K, comprised of 85.8% salary and 14.2% bonuses, including company stock and options. directly owns 2.31% of the company’s shares, worth CA$687.13K. The average tenure of the management team and the board of directors is 8.8 years and 13.6 years respectively.
Key information
Ian Klassen
Chief executive officer
CA$230.8k
Total compensation
| CEO salary percentage | 85.8% |
| CEO tenure | 17.6yrs |
| CEO ownership | 2.3% |
| Management average tenure | 8.8yrs |
| Board average tenure | 13.6yrs |
Recent management updates
Recent updates
We're Keeping An Eye On Grande Portage Resources' (CVE:GPG) Cash Burn Rate
Oct 24
Will Grande Portage Resources (CVE:GPG) Spend Its Cash Wisely?
Jan 04We Think Grande Portage Resources (CVE:GPG) Needs To Drive Business Growth Carefully
May 27Will Grande Portage Resources (CVE:GPG) Spend Its Cash Wisely?
Jan 26Will Grande Portage Resources (CVE:GPG) Spend Its Cash Wisely?
Oct 02We're Not Very Worried About Grande Portage Resources' (CVE:GPG) Cash Burn Rate
Jan 15CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jul 31 2024 | n/a | n/a | -CA$987k |
| Apr 30 2024 | n/a | n/a | -CA$748k |
| Jan 31 2024 | n/a | n/a | -CA$1m |
| Oct 31 2023 | CA$231k | CA$198k | -CA$1m |
| Jul 31 2023 | n/a | n/a | -CA$1m |
| Apr 30 2023 | n/a | n/a | -CA$1m |
| Jan 31 2023 | n/a | n/a | -CA$1m |
| Oct 31 2022 | CA$210k | CA$177k | -CA$1m |
| Jul 31 2022 | n/a | n/a | -CA$1m |
| Apr 30 2022 | n/a | n/a | -CA$1m |
| Jan 31 2022 | n/a | n/a | -CA$1m |
| Oct 31 2021 | CA$552k | CA$106k | -CA$1m |
| Jul 31 2021 | n/a | n/a | -CA$1m |
| Apr 30 2021 | n/a | n/a | -CA$1m |
| Jan 31 2021 | n/a | n/a | -CA$1m |
| Oct 31 2020 | n/a | n/a | -CA$1m |
| Jul 31 2020 | n/a | n/a | -CA$1m |
| Apr 30 2020 | n/a | n/a | -CA$816k |
| Jan 31 2020 | n/a | n/a | -CA$774k |
| Oct 31 2019 | CA$119k | CA$100k | -CA$881k |
| Jul 31 2019 | n/a | n/a | -CA$1m |
| Apr 30 2019 | n/a | n/a | -CA$1m |
| Jan 31 2019 | n/a | n/a | -CA$1m |
| Oct 31 2018 | CA$100k | CA$100k | -CA$1m |
Compensation vs Market: Ian's total compensation ($USD164.60K) is about average for companies of similar size in the Canadian market ($USD166.75K).
Compensation vs Earnings: Ian's compensation has increased whilst the company is unprofitable.
CEO
Ian Klassen (57 yo)
17.6yrs
Tenure
CA$230,845
Compensation
Mr. Ian Mcculloch Klassen, B.A. (Hons), has been President and Chief Executive Officer at eXeBlock Technology Corporation since January 23, 2022. He is the Chief Executive Officer and Director of Grande Po...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 17.6yrs | CA$230.85k | 2.31% CA$ 687.1k | |
| Secretary & CFO | 8.6yrs | CA$93.70k | 1.05% CA$ 312.8k | |
| Director of Exploration | 8.8yrs | no data | no data |
8.8yrs
Average Tenure
Experienced Management: GPG's management team is seasoned and experienced (8.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 17.3yrs | CA$230.85k | 2.31% CA$ 687.1k | |
| Member of Advisory Group | 7.2yrs | no data | no data | |
| Independent Director | 19.4yrs | CA$79.00k | 1.93% CA$ 573.4k | |
| Independent Director | 6.6yrs | CA$10.00k | 0.053% CA$ 15.8k | |
| Member of Financial Advisory Board | 15.4yrs | no data | no data | |
| Independent Director | 13.6yrs | CA$10.00k | no data | |
| Technical Advisor & Member of Advisory Board | 1.5yrs | no data | no data |
13.6yrs
Average Tenure
72yo
Average Age
Experienced Board: GPG's board of directors are seasoned and experienced ( 13.6 years average tenure).