Glencore Management

Management criteria checks 4/4

Glencore's CEO is Gary Nagle, appointed in Jul 2021, has a tenure of 2.75 years. total yearly compensation is $5.83M, comprised of 31.8% salary and 68.2% bonuses, including company stock and options. directly owns 0.016% of the company’s shares, worth €10.97M. The average tenure of the management team and the board of directors is 5.3 years and 3.7 years respectively.

Key information

Gary Nagle

Chief executive officer

US$5.8m

Total compensation

CEO salary percentage	31.8%
CEO tenure	2.8yrs
CEO ownership	0.02%
Management average tenure	5.3yrs
Board average tenure	3.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Gary Nagle's remuneration changed compared to Glencore's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$6m	US$2m	US$4b
Sep 30 2023	n/a	n/a	US$7b
Jun 30 2023	n/a	n/a	US$10b
Mar 31 2023	n/a	n/a	US$14b
Dec 31 2022	US$6m	US$2m	US$17b
Sep 30 2022	n/a	n/a	US$17b
Jun 30 2022	n/a	n/a	US$16b
Mar 31 2022	n/a	n/a	US$10b
Dec 31 2021	US$4m	US$900k	US$5b

Compensation vs Market: Gary's total compensation ($USD5.83M) is about average for companies of similar size in the German market ($USD5.66M).

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

CEO

Gary Nagle (48 yo)

2.8yrs

Tenure

US$5,833,000

Compensation

Mr. Gary Nagle serves as Chief Executive Officer and Director at Glencore Plc since July 1, 2021. He served as the Chief Executive Officer of Glencore Xstrata's Alloys Division. He had been Global Head of...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Gary Nagle	CEO & Director	2.8yrs	US$5.83m	0.016% $ 11.0m
Steven Kalmin	Chief Financial Officer	18.8yrs	US$400.89k	no data
Martin Fewings	Head of Investor Relations & Communications	no data	no data	no data
Shaun Teichner	General Counsel	4.8yrs	no data	no data
Derrick Crowley	Head of Human Resources	less than a year	no data	no data
Dawid Myburgh	Chief Geologist	no data	no data	no data
Japie Fullard	Head of Ferroalloys Assets	5.3yrs	no data	no data
Jason Kluk	Head of Ferroalloys & Nickel Marketing	6.3yrs	no data	no data
Ruan Van Schalkwyk	Head of Coal Marketing	6.3yrs	no data	no data
Alex Sanna	Head of Oil Marketing	5.3yrs	no data	no data
Jyothish George	Head of Zinc & Copper Marketing	no data	no data	no data
Robin Scheiner	Head of Alumina & Aluminium Marketing	no data	no data	no data

5.3yrs

Average Tenure

Experienced Management: 8GCA's management team is seasoned and experienced (5.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Gary Nagle	CEO & Director	2.8yrs	US$5.83m	0.016% $ 11.0m
Martin Gilbert	Independent Non-Executive Director	6.9yrs	US$278.00k	0.00041% $ 273.3k
Cynthia Blum Carroll	Independent Non-Executive Director	3.2yrs	US$268.00k	no data
Kalidas Madhavpeddi	Chairman	4.2yrs	US$1.15m	no data
David Wormsley	Independent Non-Executive Director	2.6yrs	US$221.00k	no data
Elizabeth Hewitt	Independent Non-Executive Director	1.8yrs	US$241.00k	0.000090% $ 60.0k
Peter Coates	Non-Executive Director	13yrs	US$320.00k	0.014% $ 9.1m
Gill Marcus	Senior Independent Non-Executive Director	6.3yrs	US$308.00k	no data

3.7yrs

Average Tenure

67.5yo

Average Age

Experienced Board: 8GCA's board of directors are considered experienced (3.7 years average tenure).

Glencore Management

Management criteria checks 4/4

Key information

Recent management updates

Glencore plc Announces Board Changes

Glencore plc Announces Retirement of Patrice Merrin from the Board

Glencore plc, Annual General Meeting, May 26, 2023

Glencore plc Announces Board Position Changes

Glencore plc Appoints Liz Hewitt as Independent Non-Executive Director

Glencore plc Announces the Appointment of Cynthia Carroll as an Independent Non-Executive Director

Recent updates

Glencore plc Announces Board Changes

Tribeca Investment Partners Asks Glencore to Move Main Listing to Sydney

Glencore plc Provides Production Guidance for the Year 2024

Glencore plc to Report Fiscal Year 2023 Results on Feb 21, 2024

Glencore plc (LSE:GLEN) entered into a binding agreement to acquire 77% stake in Elk Valley Resources Ltd. from Teck Resources Limited (TSX:TECK.B) for $6.93 billion.

Glencore plc Revises Production Guidance for the Full Year 2023

JFE Steel Reportedly Eyes Stake in Teck Resources' Coal Business

Glencore plc Declares Additional Distribution for the Second Half of Financial Year Ended 31 December 2022, Payable on 22 September 2023

JSW Steel Reportedly May Pick Majority Stake in Teck Coal Unit

Bunge Limited (NYSE:BG) entered into a definitive agreement to acquire Viterra B.V. from British Columbia Investment Management Corporation, Canada Pension Plan Investment Board and Glencore plc (LSE:GLEN) for $8.2 billion.

Bunge Limited (NYSE:BG) entered into a definitive agreement to acquire Viterra B.V. from British Columbia Investment Management Corporation, Canada Pension Plan Investment Board and Glencore plc (LSE:GLEN) for $8.2 billion.

Glencore Prepares Improved Offer for Teck Resources to Break Deadlock

Glencore plc Announces Retirement of Patrice Merrin from the Board

Glencore Mulls Sale of Volcan Compania Minera Stake

Glencore plc Recommends Distribution of the Financial Year Ended 31 December 2022, Payable on June 1, 2023 and 22 September, 2023

Glencore plc Provides Production Guidance for the Year 2023

Britishvolt in Talks to Sell Majority Stake

Glencore plc, Annual General Meeting, May 26, 2023

Glencore plc Announces Board Position Changes

Glencore plc (LSE:GLEN) entered into an agreement to acquire Yauliyacu Mine from Wheaton Precious Metals Corp. (TSX:WPM) for $150 million.

Glencore plc Provides Production Guidance for the Year 2022

Glencore plc Appoints Liz Hewitt as Independent Non-Executive Director

PERENCO S.A. completed the acquisition of Chad Oilfields of Glencore plc from Glencore plc (LSE:GLEN).

En+ Reportedly Considers Carve-Out of Rusal’s International Assets

IGO Confirms Exclusive Talks with Glencore Regarding the CSA Copper

An unknown buyer agreed to acquire 31.28% stake in Public Joint Stock Company RussNeft (MISX:RNFT) from Glencore plc (LSE:GLEN).

Glencore Reportedly May Sell Russneft Stake to Founder Gutseriyev

Glencore plc Provides Production Guidance for the Year 2022

Glencore plc Provides Production Guidance for the Year 2022

Infinity Logistics and Transport Ventures Limited (SEHK:1442) entered into the Share Purchase Agreement to acquire Access World Group Holdings B.V. from Glencore plc (LSE:GLEN) for approximately $180 million.

Evolution Mining Limited (ASX:EVN) completed the acquisition of Ernest Henry Mining Pty Ltd. from Glencore plc (LSE:GLEN).

Bluebell Capital Provides Information to the Shareholders

Glencore Copper Mine on the Block

Glencore plc (LSE:GLEN) acquired Xstrata Nickel.

Glencore Decides to Sell Different Assets Around the World

Glencore plc (LSE:GLEN) entered into an agreement to acquire additional 33.3% stake in Carbones del Cerrejon Limited from Anglo American plc (LSE:AAL) and BHP Group (ASX:BHP) for approximately $290 million.

Glencore plc Provides Production Guidance for the Year 2021

Mitsubishi Development Pty Ltd agreed to acquire 30% stake in Aurukun Bauxite Project from Glencore plc (LSE:GLEN).

Century Aluminum and Glencore to Supply 150,000 Metric Tons of Natur-Al™ to Hammerer Aluminium Industries

Glencore plc to Report Fiscal Year 2020 Results on Feb 16, 2021

Glencore plc Announces the Appointment of Cynthia Carroll as an Independent Non-Executive Director

Glencore plc, Annual General Meeting, Apr 29, 2021

Glencore plc Announces the Retirement of Leonhard Fischer as Board of Directors

Glencore plc Announces Change of CEO, During the First Half of 2021

Bunker Holding A/S completed the acquisition of OceanConnect Marine HK Ltd, OceanConnect Marine DMCC, OceanConnect Marine GmbH, OceanConnect Marine Services LLC and assets related to the OceanConnect Marine business in Korea, Singapore, Greece, UK, and USA from Glencore plc (LSE:GLEN).

ZCCM Investments Holdings Plc (ENXTPA:MLZAM) is seeking to acquire additional 41% stake in Mopani Copper Mines Plc from Glencore plc (LSE:GLEN).

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age