CorMedix Management
Management criteria checks 2/4
CorMedix's CEO is Joe Todisco, appointed in May 2022, has a tenure of 2.17 years. total yearly compensation is $2.46M, comprised of 25.1% salary and 74.9% bonuses, including company stock and options. directly owns 0.27% of the company’s shares, worth €769.06K. The average tenure of the management team and the board of directors is 2 years and 2.2 years respectively.
Key information
Joe Todisco
Chief executive officer
US$2.5m
Total compensation
| CEO salary percentage | 25.1% |
| CEO tenure | 2yrs |
| CEO ownership | 0.3% |
| Management average tenure | 2yrs |
| Board average tenure | 2.2yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | US$2m | US$617k | -US$46m |
| Sep 30 2023 | n/a | n/a | -US$40m |
| Jun 30 2023 | n/a | n/a | -US$37m |
| Mar 31 2023 | n/a | n/a | -US$33m |
| Dec 31 2022 | US$3m | US$378k | -US$30m |
Compensation vs Market: Joe's total compensation ($USD2.46M) is above average for companies of similar size in the German market ($USD1.04M).
Compensation vs Earnings: Joe's compensation has been consistent with company performance over the past year.
CEO
Joe Todisco (46 yo)
2yrs
Tenure
US$2,459,432
Compensation
Mr. Joseph Todisco, also known as Joe, MBA, serves as Chief Executive Officer of CorMedix Inc. since May 10, 2022. He has served as Director of CorMedix Inc. since March 18, 2022 and served as its Independ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 2yrs | US$2.46m | 0.27% $ 769.1k | |
| Executive VP & CFO | 4yrs | US$1.03m | 0.019% $ 53.8k | |
| Executive VP & Chief Commercial Officer | 4.2yrs | US$1.26m | 0.024% $ 67.1k | |
| Executive VP and Chief Clinical Strategy & Operations Officer | less than a year | US$844.81k | 0.014% $ 40.7k | |
| Executive VP | less than a year | no data | no data | |
| Senior VP & Head of Global Quality | 2yrs | no data | no data | |
| Senior VP & Head of Technical Operations | 1.3yrs | no data | no data |
2.0yrs
Average Tenure
43.5yo
Average Age
Experienced Management: 19KA's management team is considered experienced (2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 2.2yrs | US$2.46m | 0.27% $ 769.1k | |
| Independent Chairman of the Board | 8.1yrs | US$191.96k | 0.33% $ 933.8k | |
| Independent Director | 5.2yrs | US$141.42k | 0.028% $ 78.7k | |
| Independent Director | 8.8yrs | US$147.42k | 0.097% $ 275.8k | |
| Independent Director | 6.9yrs | US$162.42k | 0.14% $ 399.7k | |
| Independent Director | 3.5yrs | US$141.42k | 0% $ 0 | |
| Member of Scientific Advisor Board | no data | no data | no data | |
| Member of Scientific Advisory Board | 2.1yrs | no data | no data | |
| Member of Scientific Advisory Board | 2.1yrs | no data | no data | |
| Member of Scientific Advisory Board | 2.1yrs | no data | no data | |
| Member of Scientific Advisory Board | 2.1yrs | no data | no data | |
| Member of Scientific Advisory Board | 2.1yrs | no data | no data |
2.2yrs
Average Tenure
67yo
Average Age
Experienced Board: 19KA's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.