Cronos Group Management
Management criteria checks 2/4
Cronos Group's CEO is Mike Gorenstein, appointed in Mar 2022, has a tenure of 2.67 years. total yearly compensation is $3.71M, comprised of 20.9% salary and 79.1% bonuses, including company stock and options. directly owns 2.9% of the company’s shares, worth CA$31.50M. The average tenure of the management team and the board of directors is 2.7 years and 1.4 years respectively.
Key information
Mike Gorenstein
Chief executive officer
US$3.7m
Total compensation
| CEO salary percentage | 20.9% |
| CEO tenure | 2.7yrs |
| CEO ownership | 2.9% |
| Management average tenure | 2.7yrs |
| Board average tenure | 1.4yrs |
Recent management updates
Recent updates
We're Interested To See How Cronos Group (TSE:CRON) Uses Its Cash Hoard To Grow
May 31
Cronos Group Inc.'s (TSE:CRON) P/S Is Still On The Mark Following 29% Share Price Bounce
Apr 01We Think Cronos Group (TSE:CRON) Can Afford To Drive Business Growth
Mar 02Revenues Tell The Story For Cronos Group Inc. (TSE:CRON)
Feb 02Companies Like Cronos Group (TSE:CRON) Are In A Position To Invest In Growth
Nov 09We're Hopeful That Cronos Group (TSE:CRON) Will Use Its Cash Wisely
Jul 17Cronos Group Inc.'s (TSE:CRON) Earnings Haven't Escaped The Attention Of Investors
Jun 20We Think Cronos Group (TSE:CRON) Can Afford To Drive Business Growth
Feb 09A Look At The Intrinsic Value Of Cronos Group Inc. (TSE:CRON)
Oct 12We're Not Very Worried About Cronos Group's (TSE:CRON) Cash Burn Rate
Sep 10Cronos Group Inc. (TSE:CRON) Consensus Forecasts Have Become A Little Darker Since Its Latest Report
Aug 12We Think Cronos Group (TSE:CRON) Can Afford To Drive Business Growth
May 19Is Cronos Group Inc. (TSE:CRON) Trading At A 47% Discount?
Jul 29An Intrinsic Calculation For Cronos Group Inc. (TSE:CRON) Suggests It's 29% Undervalued
Apr 08Have Insiders Sold Cronos Group Inc. (TSE:CRON) Shares Recently?
Mar 04CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | -US$48m |
| Jun 30 2024 | n/a | n/a | -US$57m |
| Mar 31 2024 | n/a | n/a | -US$54m |
| Dec 31 2023 | US$4m | US$775k | -US$70m |
| Sep 30 2023 | n/a | n/a | -US$101m |
| Jun 30 2023 | n/a | n/a | -US$133m |
| Mar 31 2023 | n/a | n/a | -US$145m |
| Dec 31 2022 | US$18m | US$680k | -US$155m |
| Sep 30 2022 | n/a | n/a | -US$213m |
| Jun 30 2022 | n/a | n/a | -US$102m |
| Mar 31 2022 | n/a | n/a | -US$263m |
| Dec 31 2021 | US$994k | US$394k | -US$127m |
| Sep 30 2021 | n/a | n/a | -US$373m |
| Jun 30 2021 | n/a | n/a | -US$381m |
| Mar 31 2021 | n/a | n/a | -US$310m |
| Dec 31 2020 | US$1m | US$477k | -US$72m |
| Sep 30 2020 | n/a | n/a | US$101m |
| Jun 30 2020 | n/a | n/a | US$636m |
| Mar 31 2020 | n/a | n/a | US$929m |
| Dec 31 2019 | US$11m | US$319k | US$1b |
| Sep 30 2019 | n/a | n/a | US$1b |
| Jun 30 2019 | n/a | n/a | US$479m |
| Mar 31 2019 | n/a | n/a | US$293m |
| Dec 31 2018 | US$647k | US$206k | -US$21m |
| Sep 30 2018 | n/a | n/a | -US$8m |
| Jun 30 2018 | n/a | n/a | -US$1m |
| Mar 31 2018 | n/a | n/a | -US$2m |
| Dec 31 2017 | US$2m | US$206k | -US$1m |
Compensation vs Market: Mike's total compensation ($USD3.71M) is above average for companies of similar size in the Canadian market ($USD1.83M).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
CEO
Mike Gorenstein (37 yo)
2.7yrs
Tenure
US$3,709,925
Compensation
Mr. Michael Ryan Gorenstein, also known as Mike, J.D., serves as the Chairman of Cronos Group Inc. since March 21, 2022 and served as its Executive Chairman since September 09, 2020 until March 21, 2022 an...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.7yrs | US$3.71m | 2.9% CA$ 31.5m | |
| Chief Financial Officer | 2yrs | US$1.34m | 0.017% CA$ 186.9k | |
| Chief Growth Officer | no data | US$1.35m | 0.068% CA$ 742.1k | |
| Chief Strategy Officer | 4.8yrs | US$739.23k | 0.045% CA$ 489.5k | |
| VP, Controller & Principal Accounting Officer | 1.5yrs | no data | 0.0026% CA$ 27.7k | |
| Director of Investor Relations & Strategy | 4.8yrs | no data | no data | |
| General Counsel & Corporate Secretary | 2.6yrs | no data | 0.0099% CA$ 107.1k | |
| Senior VP & Global Head of People | 4yrs | US$563.81k | 0.019% CA$ 210.5k | |
| Senior VP and Head of Research & Development | 3yrs | no data | 0.017% CA$ 185.1k | |
| Senior VP & Head of Cronos Israel | less than a year | no data | 0.0080% CA$ 87.2k |
2.7yrs
Average Tenure
41yo
Average Age
Experienced Management: CRON's management team is considered experienced (2.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 9yrs | US$3.71m | 2.9% CA$ 31.5m | |
| Independent Lead Director | 6.8yrs | US$245.84k | 0.0095% CA$ 102.9k | |
| Independent Director | less than a year | no data | no data | |
| Independent Director | 8.3yrs | US$207.50k | 2.57% CA$ 27.9m | |
| Independent Director | 1.4yrs | no data | no data | |
| Independent Director | 1.4yrs | no data | no data | |
| Independent Director | 1.4yrs | no data | no data |
1.4yrs
Average Tenure
50yo
Average Age
Experienced Board: CRON's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.