ODP Management
Management criteria checks 3/4
ODP's CEO is Gerry Smith, appointed in Feb 2017, has a tenure of 7.83 years. total yearly compensation is $10.84M, comprised of 10.2% salary and 89.8% bonuses, including company stock and options. directly owns 2.33% of the company’s shares, worth €15.68M. The average tenure of the management team and the board of directors is 3.8 years and 4.8 years respectively.
Key information
Gerry Smith
Chief executive officer
US$10.8m
Total compensation
| CEO salary percentage | 10.2% |
| CEO tenure | 7.8yrs |
| CEO ownership | 2.3% |
| Management average tenure | 3.8yrs |
| Board average tenure | 4.8yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 28 2024 | n/a | n/a | US$26m |
| Jun 29 2024 | n/a | n/a | US$39m |
| Mar 30 2024 | n/a | n/a | US$86m |
| Dec 30 2023 | US$11m | US$1m | US$139m |
| Sep 30 2023 | n/a | n/a | US$244m |
| Jul 01 2023 | n/a | n/a | US$230m |
| Apr 01 2023 | n/a | n/a | US$207m |
| Dec 31 2022 | US$11m | US$1m | US$178m |
| Sep 24 2022 | n/a | n/a | US$174m |
| Jun 25 2022 | n/a | n/a | US$180m |
| Mar 26 2022 | n/a | n/a | US$179m |
| Dec 25 2021 | US$11m | US$1m | US$187m |
| Sep 25 2021 | n/a | n/a | US$186m |
| Jun 26 2021 | n/a | n/a | US$147m |
| Mar 27 2021 | n/a | n/a | -US$45m |
| Dec 26 2020 | US$10m | US$1m | -US$63m |
| Sep 26 2020 | n/a | n/a | -US$39m |
| Jun 27 2020 | n/a | n/a | -US$13m |
| Mar 28 2020 | n/a | n/a | US$136m |
| Dec 28 2019 | US$10m | US$1m | US$127m |
| Sep 28 2019 | n/a | n/a | US$30m |
| Jun 29 2019 | n/a | n/a | US$31m |
| Mar 30 2019 | n/a | n/a | US$74m |
| Dec 29 2018 | US$9m | US$1m | US$99m |
| Sep 29 2018 | n/a | n/a | US$64m |
| Jun 30 2018 | n/a | n/a | US$103m |
| Mar 31 2018 | n/a | n/a | US$105m |
| Dec 30 2017 | US$17m | US$931k | US$146m |
Compensation vs Market: Gerry's total compensation ($USD10.84M) is above average for companies of similar size in the German market ($USD1.46M).
Compensation vs Earnings: Gerry's compensation has been consistent with company performance over the past year.
CEO
Gerry Smith (61 yo)
7.8yrs
Tenure
US$10,835,279
Compensation
Mr. Gerry P. Smith has been the Chief Executive Officer at The ODP Corporation (formerly known as Office Depot, Inc.). since February 27, 2017. He serves as Director at Varis, Inc. He served as Principal F...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 7.8yrs | US$10.84m | 2.33% € 15.7m | |
| Executive VP & Chief Human Resources Officer | 3.1yrs | US$2.08m | 0.092% € 618.2k | |
| Executive VP & President of Veyer | 7.7yrs | US$2.46m | 0.20% € 1.3m | |
| Executive VP & President of Business Solutions Division | no data | US$2.08m | 0.16% € 1.1m | |
| SVP, Chief Accounting Officer | 1.8yrs | no data | 0.060% € 404.2k | |
| Senior VP of Financial Planning & Analysis | no data | no data | 0.062% € 416.2k | |
| Vice President of Investor Relations | 6.3yrs | no data | no data | |
| Executive VP | 2.4yrs | US$2.19m | 0.031% € 209.0k | |
| Executive VP & President of Office Depot | 8.3yrs | no data | 0.17% € 1.1m | |
| President of Varis | 3.8yrs | no data | no data |
3.8yrs
Average Tenure
52yo
Average Age
Experienced Management: ODP1's management team is considered experienced (3.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 7.8yrs | US$10.84m | 2.33% € 15.7m | |
| Independent Director | 11.3yrs | US$297.53k | 0.0055% € 36.8k | |
| Independent Director | 4.8yrs | US$270.03k | 0.00090% € 6.0k | |
| Independent Non-Executive Board Chair | 4.4yrs | US$292.53k | 0.013% € 86.5k | |
| Independent Director | 4.8yrs | US$267.53k | 0.00090% € 6.0k | |
| Director | less than a year | no data | no data | |
| Independent Director | 8.4yrs | US$282.53k | no data | |
| Director | less than a year | no data | no data |
4.8yrs
Average Tenure
61.5yo
Average Age
Experienced Board: ODP1's board of directors are considered experienced (4.8 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 10:34 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/28 |
| Annual Earnings | 2023/12/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
The ODP Corporation is covered by 31 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Michael Lasser | Barclays |
| Alan Rifkin | Barclays |
| Anthony Chukumba | BB&T Capital Markets |