MercadoLibre Management

Management criteria checks 3/4

MercadoLibre's CEO is Marcos Eduardo Galperín, appointed in Oct 1999, has a tenure of 25.08 years. total yearly compensation is $9.59M, comprised of 5.5% salary and 94.5% bonuses, including company stock and options. directly owns 0% of the company’s shares, worth €68.33K. The average tenure of the management team and the board of directors is 4.8 years and 7.8 years respectively.

Key information

Marcos Eduardo Galperín

Chief executive officer

US$9.6m

Total compensation

CEO salary percentage	5.5%
CEO tenure	25.1yrs
CEO ownership	0.00007%
Management average tenure	4.8yrs
Board average tenure	7.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Marcos Eduardo Galperín's remuneration changed compared to MercadoLibre's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$1b
Jun 30 2024	n/a	n/a	US$1b
Mar 31 2024	n/a	n/a	US$1b
Dec 31 2023	US$10m	US$523k	US$987m
Sep 30 2023	n/a	n/a	US$987m
Jun 30 2023	n/a	n/a	US$757m
Mar 31 2023	n/a	n/a	US$618m
Dec 31 2022	US$8m	US$449k	US$482m
Sep 30 2022	n/a	n/a	US$271m
Jun 30 2022	n/a	n/a	US$237m
Mar 31 2022	n/a	n/a	US$182m
Dec 31 2021	US$17m	US$400k	US$83m
Sep 30 2021	n/a	n/a	US$78m
Jun 30 2021	n/a	n/a	-US$3m
Mar 31 2021	n/a	n/a	-US$16m
Dec 31 2020	US$22m	US$351k	-US$4m
Sep 30 2020	n/a	n/a	-US$8m
Jun 30 2020	n/a	n/a	-US$169m
Mar 31 2020	n/a	n/a	-US$209m
Dec 31 2019	US$11m	US$507k	-US$181m
Sep 30 2019	n/a	n/a	-US$128m
Jun 30 2019	n/a	n/a	US$9m
Mar 31 2019	n/a	n/a	-US$18m
Dec 31 2018	US$9m	US$553k	-US$37m
Sep 30 2018	n/a	n/a	-US$102m
Jun 30 2018	n/a	n/a	-US$64m
Mar 31 2018	n/a	n/a	-US$48m
Dec 31 2017	US$12m	US$733k	US$14m

Compensation vs Market: Marcos's total compensation ($USD9.59M) is above average for companies of similar size in the German market ($USD4.77M).

Compensation vs Earnings: Marcos's compensation has been consistent with company performance over the past year.

CEO

Marcos Eduardo Galperín (53 yo)

25.1yrs

Tenure

US$9,591,176

Compensation

Mr. Marcos Eduardo Galperín served as a Director at Grupo Televisa, S.A.B. since April 2017 He served as Independent Director at Globant S.A. since July 2014 until April 21, 2020. He Co-Founded Mercadolib...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Marcos Eduardo Galperín	Co-Founder	25.1yrs	US$9.59m	0.000070% € 68.3k
Martin de los Santos	EVP & CFO	1.3yrs	US$2.85m	0.00081% € 790.7k
Daniel Rabinovich	Executive VP & COO	4.3yrs	US$3.43m	no data
Osvaldo Gimenez	Fintech President	20.8yrs	US$3.53m	0.036% € 35.4m
Juan De La Serna	Executive VP of Corporate Affairs & President of Argentina	4.8yrs	US$2.86m	0.00039% € 380.7k
Marcelo Melamud	Chief Accounting Officer & Senior VP	16.3yrs	US$191.00k	0.00011% € 107.4k
Richard Cathcart	Head of Investor Relations	no data	no data	no data
Jacobo Cohen Imach	Senior VP	no data	no data	no data
Ariel Szarfsztejn	Commerce President	2.8yrs	no data	0.00015% € 146.4k

4.8yrs

Average Tenure

53yo

Average Age

Experienced Management: MLB1's management team is considered experienced (4.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Marcos Eduardo Galperín	Co-Founder	25.1yrs	US$9.59m	0.000070% € 68.3k
Susan Segal	Independent Director	12.6yrs	US$192.00k	0.0014% € 1.4m
Richard Sanders	Independent Director	2.8yrs	US$202.93k	0.00069% € 673.5k
Alejandro Nicolas Aguzin	Independent Director	7.8yrs	US$200.51k	0.0092% € 9.0m
Nicolas Galperin	Director	25.8yrs	no data	no data
Stelleo Tolda	Director	less than a year	US$4.08m	0.0060% € 5.8m
Emiliano Calemzuk	Lead Independent Director	17.3yrs	US$258.91k	0.00090% € 878.5k
Andrea Mayumi Petroni Merhy	Independent Director	2.4yrs	US$200.96k	0.00057% € 556.4k
Henrique Dubugras	Independent Director	3.4yrs	US$192.00k	0.0024% € 2.4m

7.8yrs

Average Tenure

54yo

Average Age

Experienced Board: MLB1's board of directors are considered experienced (7.8 years average tenure).

MercadoLibre Management

Management criteria checks 3/4

Key information

Recent management updates

MercadoLibre, Inc., Annual General Meeting, Jun 05, 2024

MercadoLibre, Inc. Announces Chief Financial Officer Changes

Lead Independent Director recently sold €178k worth of stock

Chief Accounting Officer & Senior VP recently bought €44k worth of stock

Chief Accounting Officer & Senior VP recently bought €44k worth of stock

Chief Accounting Officer & Senior VP recently bought €44k worth of stock

Recent updates

MercadoLibre, Inc. to Report Q4, 2024 Results on Feb 20, 2025

Now 23% undervalued after recent price drop

MercadoLibre, Inc. to Report Q3, 2024 Results on Nov 06, 2024

Second quarter 2024 earnings released: EPS: US$10.47 (vs US$5.22 in 2Q 2023)

MercadoLibre, Inc. to Report Q2, 2024 Results on Aug 01, 2024

First quarter 2024 earnings released: EPS: US$6.79 (vs US$4.00 in 1Q 2023)

MercadoLibre, Inc. to Report Q1, 2024 Results on May 02, 2024

MercadoLibre, Inc., Annual General Meeting, Jun 05, 2024

Now 23% overvalued

Full year 2023 earnings released: EPS: US$19.64 (vs US$9.57 in FY 2022)

MercadoLibre, Inc. to Report Q4, 2023 Results on Feb 22, 2024

Third quarter 2023 earnings released: EPS: US$7.18 (vs US$2.56 in 3Q 2022)

MercadoLibre, Inc. to Report Q3, 2023 Results on Nov 01, 2023

MercadoLibre, Inc. Announces Chief Financial Officer Changes

Second quarter 2023 earnings released: EPS: US$5.22 (vs US$2.44 in 2Q 2022)

MercadoLibre, Inc. to Report Q2, 2023 Results on Aug 02, 2023

New minor risk - Share price stability

First quarter 2023 earnings released: EPS: US$4.00 (vs US$1.29 in 1Q 2022)

Lead Independent Director recently sold €178k worth of stock

Full year 2022 earnings released: EPS: US$9.57 (vs US$1.67 in FY 2021)

MercadoLibre, Inc. to Report Q4, 2022 Results on Feb 23, 2023

Now 21% undervalued after recent price drop

Now 20% undervalued after recent price drop

Third quarter 2022 earnings released: EPS: US$2.56 (vs US$1.92 in 3Q 2021)

Second quarter 2022 earnings released: EPS: US$2.44 (vs US$1.37 in 2Q 2021)

MercadoLibre, Inc. to Report Q2, 2022 Results on Aug 03, 2022

First quarter 2022 earnings released: EPS: US$1.29 (vs US$0.68 loss in 1Q 2021)

Chief Accounting Officer & Senior VP recently bought €44k worth of stock

Chief Accounting Officer & Senior VP recently bought €44k worth of stock

Chief Accounting Officer & Senior VP recently bought €44k worth of stock

Lead Independent Director recently sold €70k worth of stock

Now 22% undervalued

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

MercadoLibre, Inc. to Report Q4, 2021 Results on Feb 22, 2022

MercadoLibre, Inc. approves appointment of Richard Sanders as a Class II director

MercadoLibre, Inc. (NasdaqGS:MELI) acquired Redelcom.

Third quarter 2021 earnings released: EPS US$1.92 (vs US$0.28 in 3Q 2020)

Forecast to breakeven in 2021

MercadoLibre, Inc. (NasdaqGS:MELI) acquired unknown majority stake in Kangu Tecnologia Ltda.

MercadoLibre, Inc. (NasdaqGS:MELI) agreed to acquire Aleph Group, Inc for $25 million (€21.3 million).

Lead Independent Director recently sold €279k worth of stock

Second quarter 2021 earnings released: EPS US$1.37 (vs US$1.11 in 2Q 2020)

Independent Director Meyer Malka Rais has left the company

First quarter 2021 earnings released: US$0.68 loss per share (vs US$0.45 loss in 1Q 2020)

New 90-day low: €1,194

Revenue beats expectations

MercadoLibre, Inc. to Report Q4, 2020 Results on Mar 01, 2021

New 90-day high: €1,456

New 90-day high: €1,411

New 90-day high: €1,288

Revenue beats expectations

Third quarter 2020 earnings released: EPS US$0.30

New 90-day high: €1,223

MercadoLibre, Inc. to Report Q3, 2020 Results on Nov 04, 2020

New 90-day high: €1,052

New 90-day low: €818

New 90-day high - €1,043

Lead Independent Director recently sold €114.5k worth of stock

First half earnings released

MercadoLibre, Inc. to Report Q2, 2020 Results on Aug 06, 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure