Blue Foundry Bancorp Management
Management criteria checks 2/4
Blue Foundry Bancorp's CEO is Jim Nesci, appointed in Jun 2018, has a tenure of 5.92 years. total yearly compensation is $3.70M, comprised of 18.9% salary and 81.1% bonuses, including company stock and options. directly owns 0.9% of the company’s shares, worth €1.81M. The average tenure of the management team and the board of directors is 5.9 years and 9.3 years respectively.
Key information
Jim Nesci
Chief executive officer
US$3.7m
Total compensation
| CEO salary percentage | 18.9% |
| CEO tenure | 5.9yrs |
| CEO ownership | 0.9% |
| Management average tenure | 5.9yrs |
| Board average tenure | 9.3yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | -US$9m |
| Dec 31 2023 | US$4m | US$700k | -US$7m |
| Sep 30 2023 | n/a | n/a | -US$4m |
| Jun 30 2023 | n/a | n/a | -US$1m |
| Mar 31 2023 | n/a | n/a | US$634k |
| Dec 31 2022 | US$4m | US$700k | US$2m |
| Sep 30 2022 | n/a | n/a | -US$18m |
| Jun 30 2022 | n/a | n/a | -US$34m |
| Mar 31 2022 | n/a | n/a | -US$35m |
| Dec 31 2021 | US$1m | US$700k | -US$36m |
| Sep 30 2021 | n/a | n/a | -US$18m |
| Jun 30 2021 | n/a | n/a | -US$5m |
| Mar 31 2021 | n/a | n/a | -US$21m |
| Dec 31 2020 | US$852k | US$697k | -US$32m |
Compensation vs Market: Jim's total compensation ($USD3.70M) is above average for companies of similar size in the German market ($USD695.40K).
Compensation vs Earnings: Jim's compensation has increased whilst the company is unprofitable.
CEO
Jim Nesci (51 yo)
5.9yrs
Tenure
US$3,695,630
Compensation
Mr. James D. Nesci, also known as Jim, serves as President and Chief Executive Officer at Blue Foundry Bank since June 01, 2018. He is Chief Executive Officer and President at Blue Foundry Bancorp since Ju...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.9yrs | US$3.70m | 0.90% $ 1.8m | |
| Executive VP & CFO | 2yrs | US$1.30m | 0.23% $ 472.6k | |
| Executive VP & Chief Technology Officer | 2.2yrs | no data | 0.076% $ 152.3k | |
| Executive VP | 20.3yrs | no data | 0.19% $ 383.6k | |
| Executive VP & Human Resources Director | 25.3yrs | no data | 0.17% $ 344.5k | |
| Senior VP & Chief Audit Executive | 13.3yrs | no data | 0.11% $ 217.0k | |
| Executive VP & Chief Risk Officer | 1.5yrs | no data | 0.098% $ 196.7k |
5.9yrs
Average Tenure
57yo
Average Age
Experienced Management: 5P8's management team is seasoned and experienced (5.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.3yrs | US$3.70m | 0.90% $ 1.8m | |
| Independent Chairman of the Board | 27.3yrs | US$96.80k | 0.42% $ 848.8k | |
| Independent Vice Chairman of the Board | 27.3yrs | US$78.00k | 0.28% $ 572.9k | |
| Independent Director | 1.3yrs | US$63.38k | 0.099% $ 199.6k | |
| Independent Director | 9.3yrs | US$64.00k | 0.27% $ 537.3k | |
| Independent Director | 14.3yrs | US$75.50k | 0.29% $ 582.3k | |
| Independent Director | 12.3yrs | US$75.00k | 0.34% $ 690.3k | |
| Independent Director | 9.3yrs | US$69.00k | 0.33% $ 665.5k | |
| Independent Director | 3.4yrs | US$74.50k | 0.20% $ 408.1k |
9.3yrs
Average Tenure
60yo
Average Age
Experienced Board: 5P8's board of directors are considered experienced (9.3 years average tenure).