Elementis Management

Management criteria checks 2/4

Elementis' CEO is Paul Waterman, appointed in Feb 2016, has a tenure of 8.75 years. total yearly compensation is $3.51M, comprised of 29.2% salary and 70.8% bonuses, including company stock and options. directly owns 0.27% of the company’s shares, worth £2.11M. The average tenure of the management team and the board of directors is 4.8 years and 4 years respectively.

Key information

Paul Waterman

Chief executive officer

US$3.5m

Total compensation

CEO salary percentage	29.2%
CEO tenure	8.8yrs
CEO ownership	0.3%
Management average tenure	4.8yrs
Board average tenure	4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Paul Waterman's remuneration changed compared to Elementis's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	-US$35m
Mar 31 2024	n/a	n/a	-US$3m
Dec 31 2023	US$4m	US$1m	US$28m
Sep 30 2023	n/a	n/a	-US$13m
Jun 30 2023	n/a	n/a	-US$55m
Mar 31 2023	n/a	n/a	-US$59m
Dec 31 2022	US$3m	US$941k	-US$63m
Jun 30 2022	n/a	n/a	-US$18m
Mar 31 2022	n/a	n/a	-US$13m
Dec 31 2021	US$3m	US$918k	-US$8m
Sep 30 2021	n/a	n/a	US$7m
Jun 30 2021	n/a	n/a	US$12m
Mar 31 2021	n/a	n/a	-US$28m
Dec 31 2020	US$1m	US$979k	-US$67m
Sep 30 2020	n/a	n/a	-US$56m
Jun 30 2020	n/a	n/a	-US$45m
Mar 31 2020	n/a	n/a	US$850k
Dec 31 2019	US$1m	US$934k	US$46m
Sep 30 2019	n/a	n/a	US$53m
Jun 30 2019	n/a	n/a	US$59m
Mar 31 2019	n/a	n/a	US$54m
Dec 31 2018	US$2m	US$830k	US$50m
Jun 30 2018	n/a	n/a	US$107m
Mar 31 2018	n/a	n/a	US$110m
Dec 31 2017	US$3m	US$891k	US$113m

Compensation vs Market: Paul's total compensation ($USD3.51M) is above average for companies of similar size in the UK market ($USD1.45M).

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

CEO

Paul Waterman (60 yo)

8.8yrs

Tenure

US$3,508,280

Compensation

Mr. Paul Waterman has been the Group Chief Executive Officer and Executive Director of Elementis plc since February 8, 2016. Mr. Waterman served as Global Chief Executive Officer of Lubricants at BP p.l.c....

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Paul Waterman	Group CEO & Executive Director	8.8yrs	US$3.51m	0.27% £ 2.1m
Ralph Hewins	Group CFO & Executive Director	8yrs	US$1.59m	0.049% £ 382.2k
Joseph Lupia	Senior Vice President of Global Technology	no data	no data	no data
James Curran	Director of Investor Relations	no data	no data	no data
Anna Lawrence	Group General Counsel & Company Secretary	3.7yrs	no data	no data
Chris Shepherd	Chief Human Resources Officer	7yrs	no data	no data
Luc van Ravenstein	Senior Vice President of Global Performance Specialties	no data	no data	no data
Huibin Zhao	VP of Coatings Asia & President of China	4.8yrs	no data	no data
Stijn Dejonckheere	Senior Vice President of Global Personal Care	4.5yrs	no data	no data
Phil Blakeman	Global Sustainability Director	no data	no data	no data
Arthur Norman	Senior Vice President of Global Supply Chain & Manufacturing	1.6yrs	no data	no data

4.8yrs

Average Tenure

60yo

Average Age

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

Board Members

Name	Position	Tenure	Compensation	Ownership
Paul Waterman	Group CEO & Executive Director	8.8yrs	US$3.51m	0.27% £ 2.1m
Ralph Hewins	Group CFO & Executive Director	8.2yrs	US$1.59m	0.049% £ 382.2k
Christine Soden	Independent Non-Executive Director	4yrs	US$90.51k	0.0051% £ 39.7k
John O'Higgins	Independent Non-Executive Chairman	4.8yrs	US$265.16k	0.021% £ 166.1k
Heejae Chae	Non-Executive Director	less than a year	no data	0.0058% £ 45.0k
Geertrui Schoolenberg	Senior Independent Director	2.7yrs	US$82.86k	0.0051% £ 39.7k
Dorothee Deuring	Independent Non-Executive Director	7.7yrs	US$76.49k	0.0044% £ 34.7k
Maria Ciliberti	Independent Non-Executive Director	less than a year	no data	no data
Hin Yong Woon	Independent Non-Executive Director	1.9yrs	US$71.39k	0.0051% £ 39.7k

4.0yrs

Average Tenure

60yo

Average Age

Experienced Board: ELML's board of directors are considered experienced (4 years average tenure).

Elementis Management

Management criteria checks 2/4

Key information

Recent management updates

Elementis plc Announces Paul Waterman's Decision to Step Down as Chief Executive Officer

Elementis plc Announces Paul Waterman's Decision to Step Down as Chief Executive Officer

Group CEO & Executive Director recently sold UK£330k worth of stock

Elementis plc Appoints Heejae Chae as Non-Executive Director and Member of Audit, Nomination and Remuneration Committees, Effective from 25 March 2024

Less than half of directors are independent

Elementis plc Announces Directorate Changes

Recent updates

Elementis plc Announces Paul Waterman's Decision to Step Down as Chief Executive Officer

Elementis plc Announces Paul Waterman's Decision to Step Down as Chief Executive Officer

Gatemore Capital Management Sends Letter to Elementis PLC

Upcoming dividend of UK£0.017 per share

Group CEO & Executive Director recently sold UK£330k worth of stock

Elementis plc Appoints Heejae Chae as Non-Executive Director and Member of Audit, Nomination and Remuneration Committees, Effective from 25 March 2024

Less than half of directors are independent

New minor risk - Earnings quality

Elementis plc Proposes Dividend for the Year Ended 31 December 2023, Payable on 31 May 2024

Full year 2023 earnings released: EPS: US$0.048 (vs US$0.11 loss in FY 2022)

Elementis plc Announces Directorate Changes

KPS Capital Reportedly Said to Have Submitted Bid for Elementis

Franklin Mutual Advisers Sends Letter to Elementis

Elementis plc to Report Second Half, 2023 Results on Mar 07, 2024

Now 20% undervalued

Elementis plc, Annual General Meeting, Apr 30, 2024

Now 21% undervalued

Elementis plc, Annual General Meeting, Sep 20, 2023

New major risk - Revenue and earnings growth

First half 2023 earnings released: EPS: US$0.044 (vs US$0.031 in 1H 2022)

Full year 2022 earnings released: US$0.11 loss per share (vs US$0.004 profit in FY 2021)

Yildirim Holding A.S. acquired Chromium business of Elementis plc for $119 million.

Elementis plc to Report Fiscal Year 2022 Results on Mar 07, 2023

Yildirim Holding A.S. agreed to acquire Chromium business of Elementis plc for an enterprise value of USD 170 million.

Now 22% undervalued after recent price drop

Elementis plc Appoints Clement Woon as Non-Executive Director, Effective December 1, 2022

Group CEO & Executive Director recently bought UK£71k worth of stock

First half 2022 earnings released: EPS: US$0.036 (vs US$0.048 in 1H 2021)

Elementis plc Announces Executive Changes

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

Senior Independent Director recently bought UK£101k worth of stock

Non-Executive Chairman Andrew Duff has left the company

First half 2021 earnings released: EPS US$0.048 (vs US$0.088 loss in 1H 2020)

Full year 2020 earnings released: US$0.12 loss per share (vs US$0.08 profit in FY 2019)

Senior Independent Director recently bought UK£72k worth of stock

Full year 2020 earnings released: US$0.12 loss per share (vs US$0.08 profit in FY 2019)

New 90-day high: UK£1.32

Elementis plc to Report Fiscal Year 2020 Results on Mar 16, 2021

Elementis plc(LSE:ELM) dropped from FTSE 350 Index (GBP)

Elementis plc(LSE:ELM) dropped from FTSE All-Small Index (GBP)

Minerals Technologies Inc. (NYSE:MTX) cancelled the acquisition of Elementis plc (LSE:ELM).

Minerals Technologies Inc. (NYSE:MTX) cancelled the acquisition of Elementis plc (LSE:ELM).

Elementis plc Announces Appointment of Christine Soden as A Non-Executive Director

Elementis plc Announces Not to Declare Interim Dividend for 2020

Elementis plc(LSE:ELM) dropped from FTSE 350 (Ex Investment Companies) Index (GBP)

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age