Ingredion Management

Management criteria checks 3/4

Ingredion's CEO is Jim Zallie, appointed in Jan 2018, has a tenure of 6.25 years. total yearly compensation is $11.10M, comprised of 10.8% salary and 89.2% bonuses, including company stock and options. directly owns 0.2% of the company’s shares, worth €13.76M. The average tenure of the management team and the board of directors is 3.3 years and 8.8 years respectively.

Key information

Jim Zallie

Chief executive officer

US$11.1m

Total compensation

CEO salary percentage	10.8%
CEO tenure	6.3yrs
CEO ownership	0.2%
Management average tenure	3.3yrs
Board average tenure	8.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jim Zallie's remuneration changed compared to Ingredion's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$11m	US$1m	US$643m
Sep 30 2023	n/a	n/a	US$626m
Jun 30 2023	n/a	n/a	US$574m
Mar 31 2023	n/a	n/a	US$553m
Dec 31 2022	US$9m	US$1m	US$492m
Sep 30 2022	n/a	n/a	US$445m
Jun 30 2022	n/a	n/a	US$457m
Mar 31 2022	n/a	n/a	US$493m
Dec 31 2021	US$10m	US$1m	US$117m
Sep 30 2021	n/a	n/a	US$165m
Jun 30 2021	n/a	n/a	US$139m
Mar 31 2021	n/a	n/a	US$27m
Dec 31 2020	US$10m	US$1m	US$348m
Sep 30 2020	n/a	n/a	US$342m
Jun 30 2020	n/a	n/a	US$349m
Mar 31 2020	n/a	n/a	US$388m
Dec 31 2019	US$8m	US$994k	US$413m
Sep 30 2019	n/a	n/a	US$398m
Jun 30 2019	n/a	n/a	US$394m
Mar 31 2019	n/a	n/a	US$403m
Dec 31 2018	US$6m	US$950k	US$443m
Sep 30 2018	n/a	n/a	US$448m
Jun 30 2018	n/a	n/a	US$519m
Mar 31 2018	n/a	n/a	US$535m
Dec 31 2017	US$3m	US$628k	US$519m

Compensation vs Market: Jim's total compensation ($USD11.10M) is above average for companies of similar size in the German market ($USD3.42M).

Compensation vs Earnings: Jim's compensation has been consistent with company performance over the past year.

CEO

Jim Zallie (62 yo)

6.3yrs

Tenure

US$11,101,992

Compensation

Mr. James P. Zallie, also known as Jim, has been Independent Director at Sylvamo Corporation since October 2021. He has been President and Chief Executive Officer at Ingredion Incorporated since January 1,...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
James Zallie	President	6.3yrs	US$11.10m	0.20% $ 13.7m
James Gray	Executive VP & CFO	7.1yrs	US$3.16m	0.053% $ 3.7m
Eric Seip	Senior VP of Global Operations & Chief Supply Chain Officer	3.3yrs	US$1.89m	0.026% $ 1.8m
Nancy Wolfe	Senior VP & Chief Human Resources Officer	2.3yrs	US$1.88m	0.0018% $ 124.8k
Davida Gable	VP of Global Shared Services	2.5yrs	no data	0.000080% $ 5.5k
Jason Payant	VP of Corporate Finance & Interim VP of Investor Relations	no data	no data	no data
Tanya de Foras	Senior VP	2.4yrs	no data	0.00048% $ 33.3k
Pierre Perez Landazuri	Senior VP of Corporate Strategy & Specialties and President of EMEA	6.3yrs	no data	0.0060% $ 417.5k
Larry Fernandes	Senior VP and Chief Commercial & Sustainability Officer	5.8yrs	no data	0.040% $ 2.7m
Rob Ritchie	Senior VP	less than a year	no data	0.024% $ 1.7m
Valdirene Evans	Senior VP & President of Global Texture Solutions	6.1yrs	no data	0.017% $ 1.2m
Javier Echevarria	VP & Chief Procurement Officer	1.8yrs	no data	no data

3.3yrs

Average Tenure

55yo

Average Age

Experienced Management: CNP's management team is considered experienced (3.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
James Zallie	President	6.6yrs	US$11.10m	0.20% $ 13.7m
Gregory Kenny	Independent Non-Executive Chairman of the Board	19.1yrs	US$426.84k	no data
Victoria Reich	Independent Director	10.4yrs	US$278.84k	no data
Jorge Alberto Uribe Lopez	Independent Director	8.8yrs	US$251.84k	0.025% $ 1.8m
Patricia Verduin	Independent Director	less than a year	US$161.59k	0.0019% $ 131.8k
David Fischer	Independent Director	10.9yrs	US$251.84k	0.0029% $ 204.6k
Charles Magro	Independent Director	1.9yrs	US$251.84k	no data
Dwayne Wilson	Independent Director	13.9yrs	US$256.84k	no data
Stephan Tanda	Independent Director	4.7yrs	US$251.84k	0.012% $ 862.7k
Rhonda Jordan	Independent Director	10.4yrs	US$280.34k	no data
Catherine Suever	Independent Director	2.7yrs	US$252.18k	0.0028% $ 191.4k

8.8yrs

Average Tenure

64yo

Average Age

Experienced Board: CNP's board of directors are considered experienced (8.8 years average tenure).

Ingredion Management

Management criteria checks 3/4

Key information

Recent management updates

Ingredion Incorporated, Annual General Meeting, May 15, 2024

President recently sold €5.9m worth of stock

Ingredion Incorporated Announces Resignation of Jeremy Xu as Senior Vice President, Chief Innovation Officer and President, Global Healthful Solutions, Effective April 8, 2024

Ingredion Incorporated Announces Retirement of Paul Hanrahan from the Board of Directors, Effective October 28, 2023

Ingredion Names Dr. Patricia Verduin to Board of Directors

Ingredion Incorporated Names Rob Ritchie Senior Vice President, Food and Industrial Ingredients, Americas

Recent updates

Ingredion Incorporated to Report Q1, 2024 Results on May 08, 2024

Ingredion Incorporated, Annual General Meeting, May 15, 2024

Upcoming dividend of US$0.78 per share

Fourth quarter dividend of US$0.78 announced

Ingredion Incorporated Declares Quarterly Dividend, Payable on April 23, 2024

New minor risk - Insider selling

President recently sold €5.9m worth of stock

Ingredion Incorporated Announces Resignation of Jeremy Xu as Senior Vice President, Chief Innovation Officer and President, Global Healthful Solutions, Effective April 8, 2024

Full year 2023 earnings released: EPS: US$9.74 (vs US$7.43 in FY 2022)

Ingredion Incorporated Provides Earnings Guidance for the First Quarter and Full Year 2024

Ingredion Incorporated to Report Q4, 2023 Results on Feb 06, 2024

Ingredion Incorporated Declares Quarterly Dividend, Payable on January 23, 2024

Sajo Industries Company Limited (KOSE:A007160) signed a definitive agreement to acquire Business of Ingredion Incorporated in South Korea.

Third quarter 2023 earnings released: EPS: US$2.39 (vs US$1.61 in 3Q 2022)

Ingredion Incorporated to Report Q3, 2023 Results on Nov 07, 2023

Upcoming dividend of US$0.78 per share at 3.1% yield

Ingredion Incorporated Announces Retirement of Paul Hanrahan from the Board of Directors, Effective October 28, 2023

Second quarter 2023 earnings released: EPS: US$2.46 (vs US$2.14 in 2Q 2022)

Ingredion Incorporated Declares Quarterly Dividend, Payable on October 24, 2023

Ingredion Incorporated to Report Q2, 2023 Results on Aug 08, 2023

Upcoming dividend of US$0.71 per share at 2.7% yield

Ingredion Names Dr. Patricia Verduin to Board of Directors

Ingredion Incorporated Declares Quarterly Dividend, Payable on July 25, 2023

Ingredion Incorporated Names Rob Ritchie Senior Vice President, Food and Industrial Ingredients, Americas

First quarter 2023 earnings released: EPS: US$2.89 (vs US$1.94 in 1Q 2022)

Upcoming dividend of US$0.71 per share at 2.9% yield

Full year 2022 earnings released: EPS: US$7.43 (vs US$1.74 in FY 2021)

Ingredion Incorporated Provides Earnings Guidance for the Full Year 2023

Ingredion Incorporated to Report Q4, 2022 Results on Feb 08, 2023

Upcoming dividend of US$0.71 per share

Ingredion Incorporated Declares Quarterly Dividend, Payable on January 24, 2023

Third quarter 2022 earnings released: EPS: US$1.61 (vs US$1.76 in 3Q 2021)

Ingredion Incorporated Provides Earnings Guidance for the Full Year of 2022

Ingredion Incorporated to Report Q3, 2022 Results on Nov 03, 2022

Ingredion Incorporated Declares Quarterly Dividend, Payable on October 25, 2022

Second quarter 2022 earnings released: EPS: US$2.14 (vs US$2.65 in 2Q 2021)

Ingredion Incorporated Provides Earnings Guidance for the Third Quarter and Year Ended June 30, 2022

Ingredion Incorporated to Report Q2, 2022 Results on Aug 09, 2022

Senior VP recently sold €160k worth of stock

Ingredion Incorporated Names Javier Echevarria Chief Procurement Officer

Ingredion Incorporated Declares Quarterly Dividend, Payable on July 26, 2022

Ingredion Incorporated Provides Earnings Guidance for the Second Quarter and Full Year of Fiscal Year 2022

First quarter 2022 earnings released: EPS: US$1.94 (vs US$3.66 loss in 1Q 2021)

Ingredion Incorporated to Report Q1, 2022 Results on May 05, 2022

Ingredion Incorporated, Annual General Meeting, May 20, 2022

Ingredion Incorporated, Annual General Meeting, May 20, 2022

Ingredion Incorporated, Annual General Meeting, May 20, 2022

Upcoming dividend of US$0.65 per share

Ingredion Incorporated Appoints Charles V. Magro as Director and Member of the People, Culture, and Compensation Committee, Effective May 1, 2022

Key Executive recently bought €375k worth of stock

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Upcoming dividend of US$0.65 per share

Third quarter 2021 earnings released: EPS US$1.76 (vs US$1.37 in 3Q 2020)

Second quarter 2021 earnings released: EPS US$2.65 (vs US$0.98 in 2Q 2020)

Senior VP, General Counsel, Corporate Secretary & Chief Compliance Officer Janet Bawcom has left the company

Upcoming dividend of US$0.64 per share

Ingredion Incorporated Declares Quarterly Dividend, Payable on July 26, 2021

First quarter 2021 earnings released: US$3.66 loss per share (vs US$1.12 profit in 1Q 2020)

Ingredion Incorporated Provides Earnings Guidance for Second Quarter and Full Year of Fiscal 2021

Upcoming dividend of US$0.64 per share

Ingredion Incorporated Announces CFO Changes, Effective March 16, 2021

Ingredion Incorporated Announces Executive Changes

Principal Accounting Officer has left the company

Ingredion Incorporated Declares Quarterly Dividend, Payable on April 26, 2021

Full year 2020 earnings released: EPS US$5.18 (vs US$6.17 in FY 2019)

Revenue beats expectations

New 90-day high: €75.00

Grupo Arcor and Ingredion Announce Joint Venture in Argentina, Chile and Uruguay

Full year 2020 earnings released: EPS US$5.18 (vs US$6.17 in FY 2019)