Tejon Ranch Management

Management criteria checks 2/4

Tejon Ranch's CEO is Greg Bielli, appointed in Sep 2013, has a tenure of 11.17 years. total yearly compensation is $3.87M, comprised of 20.7% salary and 79.3% bonuses, including company stock and options. directly owns 1.66% of the company’s shares, worth €6.77M. The average tenure of the management team and the board of directors is 3.4 years and 10.5 years respectively.

Key information

Greg Bielli

Chief executive officer

US$3.9m

Total compensation

CEO salary percentage	20.7%
CEO tenure	11.2yrs
CEO ownership	1.7%
Management average tenure	3.4yrs
Board average tenure	10.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Greg Bielli's remuneration changed compared to Tejon Ranch's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	-US$228k
Jun 30 2024	n/a	n/a	US$1m
Mar 31 2024	n/a	n/a	US$577k
Dec 31 2023	US$4m	US$800k	US$3m
Sep 30 2023	n/a	n/a	US$4m
Jun 30 2023	n/a	n/a	US$14m
Mar 31 2023	n/a	n/a	US$13m
Dec 31 2022	US$2m	US$721k	US$16m
Sep 30 2022	n/a	n/a	US$17m
Jun 30 2022	n/a	n/a	US$7m
Mar 31 2022	n/a	n/a	US$11m
Dec 31 2021	US$2m	US$721k	US$5m
Sep 30 2021	n/a	n/a	US$2m
Jun 30 2021	n/a	n/a	US$2m
Mar 31 2021	n/a	n/a	-US$1m
Dec 31 2020	US$8m	US$653k	-US$740k
Sep 30 2020	n/a	n/a	US$9m
Jun 30 2020	n/a	n/a	US$9m
Mar 31 2020	n/a	n/a	US$10m
Dec 31 2019	US$2m	US$675k	US$11m
Sep 30 2019	n/a	n/a	US$1m
Jun 30 2019	n/a	n/a	US$5m
Mar 31 2019	n/a	n/a	US$3m
Dec 31 2018	US$2m	US$625k	US$4m
Sep 30 2018	n/a	n/a	US$4m
Jun 30 2018	n/a	n/a	US$741k
Mar 31 2018	n/a	n/a	US$2m
Dec 31 2017	US$3m	US$625k	-US$2m

Compensation vs Market: Greg's total compensation ($USD3.87M) is above average for companies of similar size in the German market ($USD1.03M).

Compensation vs Earnings: Greg's compensation has increased whilst the company is unprofitable.

CEO

Greg Bielli (63 yo)

11.2yrs

Tenure

US$3,870,462

Compensation

Mr. Gregory S. Bielli, also known as Greg, has been the President and Chief Executive Officer of Tejon Ranch Co. since September 2013 and December 17, 2013 respectively. Mr. Bielli served as Regional Presi...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Gregory Bielli	President	11.2yrs	US$3.87m	1.66% € 6.8m
Brett Brown	CFO & Executive VP	1.5yrs	US$1.65m	0.0081% € 33.2k
Allen Lyda	COO & Executive VP	5.8yrs	US$1.11m	0.75% € 3.1m
Robert Velasquez	Senior VP of Finance & Chief Accounting Officer	2.7yrs	US$1.08m	0.15% € 598.6k
Michael R. Houston	Senior VP	1.3yrs	US$1.03m	0.0028% € 11.4k
Hugh McMahon	Executive Vice President of Real Estate	9.9yrs	US$1.48m	0.27% € 1.1m
Nicholas Ortiz	Senior Vice President of Corporate Communications & Public Affairs	less than a year	no data	no data
Derek Abbott	Senior Vice President of Real Estate	4.1yrs	no data	no data
Michael Campeau	Senior Vice President of Ranch Operations	no data	no data	no data
Fredrick Irwin	Senior Vice President of Agriculture	no data	no data	no data
Nathan Keith	Senior Vice President of Real Estate	1.7yrs	no data	no data
Tim Li	VP & Controller	9yrs	no data	no data

3.4yrs

Average Tenure

58.5yo

Average Age

Experienced Management: 2TJ's management team is considered experienced (3.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Gregory Bielli	President	10.9yrs	US$3.87m	1.66% € 6.8m
Norman Metcalfe	Independent Chairman of the Board	26.8yrs	US$102.65k	0.069% € 283.7k
Geoffrey Stack	Independent Director	26.8yrs	US$92.62k	0.047% € 190.4k
Jeff McCall	Director	no data	no data	no data
Michael Winer	Independent Director	23.8yrs	US$92.65k	0.11% € 430.4k
Daniel Tisch	Independent Director	12.7yrs	US$77.64k	4.34% € 17.7m
Kenneth Yee	Director	no data	no data	no data
Steven Betts	Independent Director	10.2yrs	US$92.65k	0.15% € 631.2k
Eric Speron	Director	no data	no data	no data
Anthony Leggio	Independent Director	12.5yrs	US$92.65k	0.19% € 763.8k
Rhea Morgan	Independent Director	3.8yrs	US$77.64k	0.041% € 165.6k
Denise Gammon	Director	no data	no data	no data

10.5yrs

Average Tenure

67yo

Average Age

Experienced Board: 2TJ's board of directors are seasoned and experienced ( 10.5 years average tenure).

Tejon Ranch Management

Management criteria checks 2/4

Key information

Recent management updates

Tejon Ranch Co. Announces Board Appointments

Tejon Ranch Co. Appoints Nicholas (Nick) T. Ortiz as Senior Vice President Corporate Communications and Public Affairs

Tejon Ranch Co., Annual General Meeting, May 14, 2024

Tejon Ranch Co. Announces Retirement of Gregory Bielli as Chief Executive Officer, Effective on December 31, 2024

Tejon Ranch Co. Announces Retirement of Gregory Bielli as Chief Executive Officer, Effective on December 31, 2024

Tejon Ranch Co. Announces Retirement of Gregory Bielli as President, Effective on December 31, 2024

Recent updates

New major risk - Revenue and earnings growth

Third quarter 2024 earnings released: US$0.07 loss per share (vs US$0.013 loss in 3Q 2023)

Tejon Ranch Co. Announces Board Appointments

Tejon Ranch Co. Appoints Nicholas (Nick) T. Ortiz as Senior Vice President Corporate Communications and Public Affairs

Second quarter 2024 earnings released: EPS: US$0.04 (vs US$0.01 in 2Q 2023)

First quarter 2024 earnings released: US$0.03 loss per share (vs US$0.067 profit in 1Q 2023)

Nitor Capital Management Sends a Letter to Shareholders of Tejon Ranch Company

Tejon Ranch Co., Annual General Meeting, May 14, 2024

Tejon Ranch Co. Announces Retirement of Gregory Bielli as Chief Executive Officer, Effective on December 31, 2024

Tejon Ranch Co. Announces Retirement of Gregory Bielli as Chief Executive Officer, Effective on December 31, 2024

Tejon Ranch Co. Announces Retirement of Gregory Bielli as President, Effective on December 31, 2024

Full year 2023 earnings released: EPS: US$0.12 (vs US$0.60 in FY 2022)

New major risk - Revenue and earnings growth

Third quarter 2023 earnings released: US$0.01 loss per share (vs US$0.38 profit in 3Q 2022)

Second quarter 2023 earnings released: EPS: US$0.01 (vs US$0.025 loss in 2Q 2022)

Insufficient new directors

Tejon Ranch Co. Announces Chief Financial Officer Changes

First quarter 2023 earnings released: EPS: US$0.067 (vs US$0.16 in 1Q 2022)

Full year 2022 earnings released: EPS: US$0.60 (vs US$0.20 in FY 2021)

Tejon Ranch Co. Announces Settlement of Litigation Related to the Tejon Ranch Conservation and Land Use Agreement

Third quarter 2022 earnings released: EPS: US$0.38 (vs US$0.008 in 3Q 2021)

Second quarter 2022 earnings released: US$0.025 loss per share (vs US$0.11 profit in 2Q 2021)

First quarter 2022 earnings released: EPS: US$0.16 (vs US$0.04 loss in 1Q 2021)

Tejon Ranch Co., Annual General Meeting, May 10, 2022

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Third quarter 2021 earnings released: EPS US$0.008 (vs US$0.015 in 3Q 2020)

Second quarter 2021 earnings released

First quarter 2021 earnings released: US$0.04 loss per share (vs US$0.026 loss in 1Q 2020)

New 90-day high: €14.60

Full year 2020 earnings released: US$0.028 loss per share (vs US$0.41 profit in FY 2019)

Revenue misses expectations

New 90-day high: €13.90

Senior VP, General Counsel & Secretary has left the company

New 90-day high: €12.50

Tejon Ranch Co. Announces the Kern County Board of Supervisors Approves two Conditional Use Permits

New 90-day low: €11.30

Tejon Ranch Co. Announces Resignation of Michael R.W. Houston as Senior Vice President, General Counsel and Secretary, Effective January 31, 2021

Tejon Ranch Co. Appoints Frawn Morgan as New Director, Effective January 1, 2021

Federal Court Ruling Total Victory for Tejon Ranch Company and US Fish & Wildlife Service in Frivolous Lawsuit Filed over Plan to Protect Species on Tejon Ranch

Third quarter 2020 earnings released: EPS US$0.015

New 90-day high: €13.10

New 90-day low - €11.60

Earnings released

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age