Calumet Management
Management criteria checks 1/4
Calumet's CEO is Louis Borgmann, appointed in Jul 2024, has a tenure of 2.08 years. total yearly compensation is $6.80M, comprised of 14% salary and 86% bonuses, including company stock and options. directly owns 0.3% of the company’s shares, worth €11.07M. The average tenure of the management team and the board of directors is 4 years and 2.1 years respectively.
Key information
Louis Borgmann
Chief executive officer
US$6.8m
Total compensation
| CEO salary percentage | 13.97% |
| CEO tenure | 2.1yrs |
| CEO ownership | 0.3% |
| Management average tenure | 4yrs |
| Board average tenure | 2.1yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2026 | n/a | n/a | -US$137m |
| Mar 31 2026 | n/a | n/a | -US$189m |
| Dec 31 2025 | US$7m | US$950k | -US$34m |
| Sep 30 2025 | n/a | n/a | -US$37m |
| Jun 30 2025 | n/a | n/a | -US$451m |
| Mar 31 2025 | n/a | n/a | -US$343m |
| Dec 31 2024 | US$1m | US$784k | -US$222m |
| Sep 30 2024 | n/a | n/a | -US$230m |
| Jun 30 2024 | n/a | n/a | -US$30m |
| Mar 31 2024 | n/a | n/a | -US$12m |
| Dec 31 2023 | US$3m | US$735k | US$47m |
| Sep 30 2023 | n/a | n/a | US$20m |
| Jun 30 2023 | n/a | n/a | -US$65m |
| Mar 31 2023 | n/a | n/a | -US$58m |
| Dec 31 2022 | US$4m | US$569k | -US$170m |
| Sep 30 2022 | n/a | n/a | -US$179m |
| Jun 30 2022 | n/a | n/a | -US$143m |
| Mar 31 2022 | n/a | n/a | -US$205m |
| Dec 31 2021 | US$1m | US$334k | -US$255m |
Compensation vs Market: Louis's total compensation ($USD6.80M) is above average for companies of similar size in the German market ($USD2.14M).
Compensation vs Earnings: Louis's compensation has increased whilst the company is unprofitable.
CEO
Louis Borgmann (43 yo)
Mr. Louis Todd Borgmann is President, Chief Executive Officer and Director at Calumet, Inc. since July 10, 2024. He was Director of Calumet GP, LLC at Calumet, Inc. and served as its Chief Executive Office...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.1yrs | US$6.80m | 0.30% € 11.1m | |
| Executive VP & CFO | 2.6yrs | US$1.91m | 0.0028% € 104.8k | |
| Senior VP | 14.3yrs | US$1.30m | 0.054% € 2.0m | |
| Executive Vice President of Montana Renewables & Corporate Development | 5.5yrs | US$1.93m | 0.63% € 23.1m | |
| President of Specialties | 6.6yrs | US$1.94m | 0.27% € 10.0m | |
| Chief Accounting Officer | 1.3yrs | no data | 0.00063% € 23.2k | |
| Director of Investor Relations | no data | no data | no data | |
| Alpha IR | no data | no data | no data |
Experienced Management: X3Q's management team is considered experienced (4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.1yrs | US$6.80m | 0.30% € 11.1m | |
| Independent Director | 1.2yrs | US$148.00k | 0.0080% € 296.6k | |
| Lead Independent Director | 2.1yrs | US$258.38k | 0.015% € 561.8k | |
| Independent Director | 2.1yrs | US$263.30k | 0.038% € 1.4m | |
| Independent Director | 1.2yrs | US$146.25k | 0.0080% € 296.6k | |
| Independent Director | 2.1yrs | US$282.33k | 0.033% € 1.2m | |
| Chairman of the Board | 2.1yrs | US$475.83k | 0.35% € 13.1m | |
| Independent Director | 2.1yrs | US$273.67k | 0.29% € 10.8m | |
| Independent Director | 2.1yrs | US$248.75k | 0.093% € 3.4m | |
| Independent Director | less than a year | no data | no data |
Experienced Board: X3Q's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/08/24 17:46 |
| End of Day Share Price | 2026/08/21 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Calumet, Inc. is covered by 14 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Richard Gross | Barclays |
| Conor Fitzpatrick | BofA Global Research |
| Jennifer Fitzpatrick | BofA Global Research |