Orezone Gold Management
Management criteria checks 2/4
Orezone Gold's CEO is Paddy Downey, appointed in May 2017, has a tenure of 7.5 years. total yearly compensation is $1.45M, comprised of 33.8% salary and 66.2% bonuses, including company stock and options. directly owns 1.49% of the company’s shares, worth €3.50M. The average tenure of the management team and the board of directors is 6.2 years and 4.4 years respectively.
Key information
Paddy Downey
Chief executive officer
US$1.4m
Total compensation
| CEO salary percentage | 33.8% |
| CEO tenure | 7.5yrs |
| CEO ownership | 1.5% |
| Management average tenure | 6.2yrs |
| Board average tenure | 4.4yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$30m |
| Jun 30 2024 | n/a | n/a | US$30m |
| Mar 31 2024 | n/a | n/a | US$32m |
| Dec 31 2023 | US$1m | US$491k | US$43m |
| Sep 30 2023 | n/a | n/a | US$43m |
| Jun 30 2023 | n/a | n/a | US$38m |
| Mar 31 2023 | n/a | n/a | US$29m |
| Dec 31 2022 | US$1m | US$318k | US$930k |
| Sep 30 2022 | n/a | n/a | -US$7m |
| Jun 30 2022 | n/a | n/a | -US$15m |
| Mar 31 2022 | n/a | n/a | -US$21m |
| Dec 31 2021 | US$1m | US$340k | -US$19m |
| Sep 30 2021 | n/a | n/a | -US$19m |
| Jun 30 2021 | n/a | n/a | -US$15m |
| Mar 31 2021 | n/a | n/a | -US$14m |
| Dec 31 2020 | US$610k | US$212k | -US$18m |
| Sep 30 2020 | n/a | n/a | -US$19m |
| Jun 30 2020 | n/a | n/a | -US$20m |
| Mar 31 2020 | n/a | n/a | -US$23m |
| Dec 31 2019 | US$378k | US$231k | -US$21m |
| Sep 30 2019 | n/a | n/a | -US$20m |
| Jun 30 2019 | n/a | n/a | -US$17m |
| Mar 31 2019 | n/a | n/a | -US$16m |
| Dec 31 2018 | US$378k | US$220k | -US$15m |
| Sep 30 2018 | n/a | n/a | -US$12m |
| Jun 30 2018 | n/a | n/a | -US$10m |
| Mar 31 2018 | n/a | n/a | -US$10m |
| Dec 31 2017 | US$880k | US$199k | -US$9m |
Compensation vs Market: Paddy's total compensation ($USD1.45M) is above average for companies of similar size in the German market ($USD802.79K).
Compensation vs Earnings: Paddy's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Paddy Downey (64 yo)
7.5yrs
Tenure
US$1,449,786
Compensation
Mr. Patrick G. Downey, also known as Paddy, P.Eng, serves as Independent Director at Fireweed Metals Corp. since September 12, 2023. He is President and Chief Executive Officer at Orezone Gold Corporation...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 7.5yrs | US$1.45m | 1.49% € 3.5m | |
| Executive VP & CFO | 6.7yrs | US$833.95k | 0.23% € 540.9k | |
| Senior VP & General Counsel | 5.7yrs | US$551.69k | 0.17% € 391.7k | |
| Vice President of Projects | 1.8yrs | US$476.98k | 0.0043% € 10.1k | |
| Vice President of Corporate Development & Investor Relation | no data | no data | 0.022% € 52.9k |
6.2yrs
Average Tenure
Experienced Management: OEX's management team is seasoned and experienced (6.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 13.6yrs | US$1.45m | 1.49% € 3.5m | |
| Independent Director | 10.1yrs | US$147.17k | 0.15% € 354.9k | |
| Independent Director | 2.4yrs | US$153.96k | 0.030% € 71.8k | |
| Independent Chair | less than a year | no data | 0.043% € 101.1k | |
| Independent Director | less than a year | no data | 0.0064% € 15.2k | |
| Independent Director | 6.4yrs | US$147.54k | 0.074% € 174.4k | |
| Director | 1.4yrs | US$118.50k | 0.013% € 29.5k | |
| Independent Director | 6.4yrs | US$141.88k | 0.21% € 502.3k |
4.4yrs
Average Tenure
64yo
Average Age
Experienced Board: OEX's board of directors are considered experienced (4.4 years average tenure).