Summit Materials Management

Management criteria checks 2/4

Summit Materials' CEO is Anne Noonan, appointed in Sep 2020, has a tenure of 3.67 years. total yearly compensation is $6.99M, comprised of 14.7% salary and 85.3% bonuses, including company stock and options. directly owns 0.15% of the company’s shares, worth $10.13M. The average tenure of the management team and the board of directors is 2 years and 5.8 years respectively.

Key information

Anne Noonan

Chief executive officer

US$7.0m

Total compensation

CEO salary percentage	14.7%
CEO tenure	3.7yrs
CEO ownership	0.1%
Management average tenure	2yrs
Board average tenure	5.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Anne Noonan's remuneration changed compared to Summit Materials's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 30 2023	n/a	n/a	US$286m
Sep 30 2023	n/a	n/a	US$313m
Jul 01 2023	n/a	n/a	US$169m
Apr 01 2023	n/a	n/a	US$276m
Dec 31 2022	US$5m	US$968k	US$272m
Oct 01 2022	n/a	n/a	US$286m
Jul 02 2022	n/a	n/a	US$274m
Apr 02 2022	n/a	n/a	US$140m
Jan 01 2022	US$6m	US$953k	US$152m
Oct 02 2021	n/a	n/a	US$143m
Jul 03 2021	n/a	n/a	US$160m
Apr 03 2021	n/a	n/a	US$159m
Jan 02 2021	US$4m	US$419k	US$138m

Compensation vs Market: Anne's total compensation ($USD6.99M) is above average for companies of similar size in the UK market ($USD3.32M).

Compensation vs Earnings: Anne's compensation has increased by more than 20% in the past year.

CEO

Anne Noonan (60 yo)

3.7yrs

Tenure

US$6,993,815

Compensation

Ms. Anne P. Noonan has been President, CEO and Director of Summit Materials, LLC. She has been the Chief Executive Officer, President and Director of Summit Materials, Inc. since September 01, 2020. She wa...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Anne Noonan	President	3.7yrs	US$6.99m	0.15% $ 10.1m
C. Anderson	Executive VP & CFO	1.2yrs	US$2.15m	0.012% $ 817.8k
Christopher Gaskill	Executive VP	3.2yrs	US$1.57m	0.022% $ 1.5m
Karli Anderson	Executive VP of Chief People & ESG Officer and Head of Communications	1.5yrs	US$1.61m	0.017% $ 1.2m
Brian Harris	Executive Officer	1.2yrs	US$777.31k	0.13% $ 8.6m
Kekin Ghelani	Executive VP and Chief Strategy & Growth Officer	2yrs	US$1.91m	0.0097% $ 668.3k
Marshall Moore	Executive VP & COO	less than a year	no data	no data
Brian Frantz	Senior VP	no data	no data	0.0058% $ 396.9k
Andy Larkin	Vice President	2.1yrs	no data	no data
Trent Musso	Senior VP of Corporate Development	no data	no data	no data
David Loomes	Executive VP & President of Cement Segment	2.2yrs	no data	0.0098% $ 669.7k
Julio DaSilva	Chief Information Technology Officer	no data	no data	no data

2.0yrs

Average Tenure

58yo

Average Age

Experienced Management: 0LAI's management team is considered experienced (2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Anne Noonan	President	3.7yrs	US$6.99m	0.15% $ 10.1m
Steven Wunning	Independent Director	7.8yrs	US$250.74k	0.022% $ 1.5m
Howard Lance	Independent Chairman	11.6yrs	US$370.74k	0.035% $ 2.4m
Joseph Cantie	Independent Director	8yrs	US$230.74k	0.025% $ 1.7m
Anne Cooney	Independent Director	5.8yrs	US$245.74k	0.0081% $ 552.5k
Irene Moshouris	Independent Director	less than a year	no data	no data
Susan Ellerbusch	Independent Director	5.8yrs	US$230.74k	0.013% $ 913.8k
Jorge Velasquez Jaramillo	Independent Director	less than a year	no data	no data
Juan Calle Restrepo	Independent Director	less than a year	no data	no data
Anne Wade	Independent Director	8.3yrs	US$230.74k	0.015% $ 1.1m
Tamla Oates-Forney	Independent Director	3yrs	US$230.74k	0.0068% $ 468.2k

5.8yrs

Average Tenure

60yo

Average Age

Experienced Board: 0LAI's board of directors are considered experienced (5.8 years average tenure).

Summit Materials Management

Management criteria checks 2/4

Key information

Recent management updates

Summit Materials, Inc., Annual General Meeting, May 21, 2024

Summit Materials Announces Executive Appointments

Summit Materials, Inc. Announces Management Changes

Summit Materials, Inc. Appoints Marshall Moore as EVP, Chief Operations Officer

Insufficient new directors

Summit Materials, Inc. Announces Karli Anderson as Executive Vice President, Chief People and ESG Officer and Head of Communications

Recent updates

Summit Materials, Inc. to Report Q1, 2024 Results on May 01, 2024

Summit Materials, Inc., Annual General Meeting, May 21, 2024

New minor risk - Earnings quality

Full year 2023 earnings released: EPS: US$2.40 (vs US$2.27 in FY 2022)

Summit Materials, Inc. to Report Q4, 2023 Results on Feb 14, 2024

New major risk - Revenue and earnings growth

New minor risk - Shareholder dilution

Summit Materials Announces Executive Appointments

Summit Materials, Inc. Announces Management Changes

Summit Materials, Inc. (NYSE:SUM) completed the acquisition of Argos USA Corporation from Cementos Argos S.A. (BVC:CEMARGOS), Argos SEM LLC and Valle Cement Investments, Inc.

Summit Materials, Inc. Appoints Marshall Moore as EVP, Chief Operations Officer

Third quarter 2023 earnings released: EPS: US$1.93 (vs US$0.72 in 3Q 2022)

Summit Materials, Inc. to Report Q3, 2023 Results on Nov 01, 2023

Insufficient new directors

Summit Materials, Inc. (NYSE:SUM) entered into an agreement to acquire Argos USA Corporation from Cementos Argos S.A. (BVC:CEMARGOS), Argos SEM LLC and Valle Cement Investments, Inc. in a transaction valued at $3.2 billion.

Summit Materials, Inc. (NYSE:SUM) entered into an agreement to acquire Argos USA Corporation from Cementos Argos S.A. (BVC:CEMARGOS), Argos SEM LLC and Valle Cement Investments, Inc. in a transaction valued at $3.2 billion.

New minor risk - Profit margin trend

Second quarter 2023 earnings released: EPS: US$0.70 (vs US$1.58 in 2Q 2022)

Summit Materials, Inc. to Report Q2, 2023 Results on Aug 02, 2023

Investor sentiment improves as stock rises 18%

First quarter 2023 earnings released: US$0.26 loss per share (vs US$0.28 loss in 1Q 2022)

Full year 2022 earnings released: EPS: US$2.30 (vs US$1.27 in FY 2021)

Summit Materials, Inc. to Report Q4, 2022 Results on Feb 15, 2023

Summit Materials, Inc. Announces Karli Anderson as Executive Vice President, Chief People and ESG Officer and Head of Communications

Summit Materials, Inc. Announces Changes to Its Board

Third quarter 2022 earnings released: EPS: US$0.73 (vs US$0.63 in 3Q 2021)

Summit Materials, Inc. to Report Q3, 2022 Results on Nov 02, 2022

Summit Materials, Inc. Announces the Retirement of Brian J. Harris as Chief Financial Officer

Second quarter 2022 earnings released: EPS: US$1.61 (vs US$0.48 in 2Q 2021)

Summit Materials, Inc. to Report Q2, 2022 Results on Aug 03, 2022

Executive VP recently sold US$224k worth of stock

Summit Materials Appoints Kekin Ghelani as Chief Strategy and Growth Officer

First quarter 2022 earnings released: US$0.29 loss per share (vs US$0.20 loss in 1Q 2021)

An known buyer acquired One Business in the East Segment from Summit Materials, Inc. (NYSE:SUM) for $47.8 million.

Summit Materials, Inc. to Report Q1, 2022 Results on May 04, 2022

Summit Materials, Inc., Annual General Meeting, May 18, 2022

Summit Materials, Inc. (NYSE:SUM) announces an Equity Buyback for $250 million worth of its shares.

Summit Materials, Inc. Announces Executive Changes, Effective March 1, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Independent Director recently sold US$195k worth of stock

Third quarter 2021 earnings released: EPS US$0.63 (vs US$0.80 in 3Q 2020)

Second quarter 2021 earnings released: EPS US$0.48 (vs US$0.50 in 2Q 2020)

First quarter 2021 earnings released: US$0.19 loss per share (vs US$0.40 loss in 1Q 2020)

Executive VP, Chief Legal Officer & Secretary has left the company

Independent Chairman recently sold US$666k worth of stock

Summit Materials, Inc. Announces Anne Lee Benedict, Executive Vice President, Chief Legal Officer and Secretary, Intends to Depart from the Company

Full year 2020 earnings released: EPS US$1.21 (vs US$0.53 in FY 2019)

Revenue beats expectations

Summit Materials, Inc. to Report Q4, 2020 Results on Feb 24, 2021

Investor sentiment improved over the past week

HeidelbergCement Reportedly Explores US Assets Sale

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age