ODP Management
Management criteria checks 3/4
ODP's CEO is Gerry Smith, appointed in Feb 2017, has a tenure of 7.25 years. total yearly compensation is $10.84M, comprised of 10.2% salary and 89.8% bonuses, including company stock and options. directly owns 1.96% of the company’s shares, worth €26.56M. The average tenure of the management team and the board of directors is 3.8 years and 7.3 years respectively.
Key information
Gerry Smith
Chief executive officer
US$10.8m
Total compensation
| CEO salary percentage | 10.2% |
| CEO tenure | 7.3yrs |
| CEO ownership | 2.0% |
| Management average tenure | 3.8yrs |
| Board average tenure | 7.3yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | US$82m |
| Dec 30 2023 | US$11m | US$1m | US$139m |
| Sep 30 2023 | n/a | n/a | US$212m |
| Jul 01 2023 | n/a | n/a | US$210m |
| Apr 01 2023 | n/a | n/a | US$195m |
| 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 ($USD1.49M).
Compensation vs Earnings: Gerry's compensation has been consistent with company performance over the past year.
CEO
Gerry Smith (60 yo)
7.3yrs
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 | 7.3yrs | US$10.84m | 1.96% $ 26.6m | |
| Executive VP & CFO | 3.8yrs | US$3.39m | 0.22% $ 2.9m | |
| Executive VP & Chief Human Resources Officer | 2.5yrs | US$2.08m | 0.077% $ 1.0m | |
| Executive VP & President of Veyer | 7.1yrs | US$2.46m | 0.17% $ 2.2m | |
| Executive VP & President of Business Solutions Division | no data | US$2.08m | 0.14% $ 1.9m | |
| Senior VP | 1.3yrs | no data | 0.050% $ 684.6k | |
| Vice President of Investor Relations | 5.8yrs | no data | no data | |
| Executive VP | 1.8yrs | US$2.19m | 0.026% $ 354.0k | |
| Executive VP & President of Office Depot | 7.7yrs | no data | 0.14% $ 1.9m | |
| President of Varis | 3.3yrs | no data | no data |
3.8yrs
Average Tenure
51.5yo
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 | 7.3yrs | US$10.84m | 1.96% $ 26.6m | |
| Independent Non-Executive Chairman | 10.8yrs | US$450.03k | 0.040% $ 543.5k | |
| Independent Director | 10.8yrs | US$297.53k | 0.0046% $ 62.3k | |
| Independent Director | 4.3yrs | US$270.03k | 0.00076% $ 10.3k | |
| Independent Director | 3.8yrs | US$292.53k | no data | |
| Independent Director | 4.3yrs | US$267.53k | 0.00076% $ 10.3k | |
| Independent Director | 7.8yrs | US$282.53k | no data |
7.3yrs
Average Tenure
62yo
Average Age
Experienced Board: ODP1's board of directors are considered experienced (7.3 years average tenure).