ERAMET Management

Management criteria checks 3/4

ERAMET's CEO is Christel Bories, appointed in May 2017, has a tenure of 6.92 years. total yearly compensation is €3.46M, comprised of 23.1% salary and 76.9% bonuses, including company stock and options. directly owns 0.057% of the company’s shares, worth €1.52M. The average tenure of the management team and the board of directors is 2.3 years and 8.2 years respectively.

Key information

Christel Bories

Chief executive officer

€3.5m

Total compensation

CEO salary percentage	23.1%
CEO tenure	6.9yrs
CEO ownership	0.06%
Management average tenure	2.3yrs
Board average tenure	8.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Christel Bories's remuneration changed compared to ERAMET's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	€103m
Sep 30 2023	n/a	n/a	€197m
Jun 30 2023	n/a	n/a	€290m
Mar 31 2023	n/a	n/a	€593m
Dec 31 2022	€3m	€800k	€896m
Sep 30 2022	n/a	n/a	€1b
Jun 30 2022	n/a	n/a	€1b
Mar 31 2022	n/a	n/a	€1b
Dec 31 2021	€4m	€800k	€724m
Jun 30 2021	n/a	n/a	€570m
Mar 31 2021	n/a	n/a	€206m
Dec 31 2020	€2m	€767k	-€159m
Sep 30 2020	n/a	n/a	-€722m
Jun 30 2020	n/a	n/a	-€770m
Mar 31 2020	n/a	n/a	-€477m
Dec 31 2019	€3m	€800k	-€184m
Sep 30 2019	n/a	n/a	-€131m
Jun 30 2019	n/a	n/a	-€78m
Mar 31 2019	n/a	n/a	-€12m
Dec 31 2018	€4m	€800k	€53m
Sep 30 2018	n/a	n/a	€135m
Jun 30 2018	n/a	n/a	€216m
Mar 31 2018	n/a	n/a	€210m
Dec 31 2017	€2m	€653k	€203m

Compensation vs Market: Christel's total compensation ($USD3.71M) is above average for companies of similar size in the UK market ($USD2.58M).

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

CEO

Christel Bories (59 yo)

6.9yrs

Tenure

€3,457,859

Compensation

Ms. Christel Bories has been the Chairman and Chief Executive Officer of ERAMET S.A. since May 23, 2017 and its President since June 2018. Ms. Bories served as the Deputy Chief Executive Officer of Ipsen S...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Christel Bories	Chairman	6.9yrs	€3.46m	0.057% € 1.5m
Nicolas Carre	Chief Financial Officer	1.9yrs	no data	no data
Charles Nouel	Chief Operating Officer	no data	no data	no data
Sandrine Nourry-Dabi	Director of Investor Relations	no data	no data	no data
Guillaume Vercaemer	Group General Counsel	2.3yrs	no data	no data
Pauline Briand	Communication Director	no data	no data	no data
Anne-Marie Maignan	Executive Vice President of Human Resources	4.3yrs	no data	no data
Marcel Abéké	CEO of Comilog Gabon and Deputy Delegate CEO of the Manganese Division	no data	no data	no data
Virginie De Chassey	Chief Sustainability & External Affairs Officer	no data	€201.44k	no data
Hervé Montégu	Senior Vice President of Lithium Activities	5.3yrs	no data	no data
Geoff Streeton	Chief Development Officer	2.1yrs	no data	no data

2.3yrs

Average Tenure

56yo

Average Age

Experienced Management: 0MGV's management team is considered experienced (2.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Christel Bories	Chairman	6.9yrs	€3.46m	0.057% € 1.5m
Sonia Sikorav	Independent Director	3.3yrs	€56.00k	0.00035% € 9.3k
Jean-Yves Gilet	Director	11.9yrs	€32.50k	0.00035% € 9.3k
Yves Rambaud	Honory Chairman	no data	no data	no data
Manoelle Lepoutre	Director	12.9yrs	€47.50k	0.00035% € 9.3k
Daniel Signoret	Board Observer	11.8yrs	no data	no data
Jean-François Rebatel	Board Observer	no data	no data	no data
Catherine Ronge	Independent Director	8.2yrs	€35.00k	0.00035% € 9.3k
Nathalie de La Fourniere	Representative Director	12.9yrs	€35.00k	0.00035% € 9.3k
Maria Maes	Independent Director	7.9yrs	€82.00k	0.00035% € 9.3k
Philippe Laignel	Board Observer	no data	no data	no data
Francois Corbin	Lead Independent Director	4.9yrs	€63.50k	0.0039% € 102.8k

8.2yrs

Average Tenure

66yo

Average Age

Experienced Board: 0MGV's board of directors are considered experienced (8.2 years average tenure).

ERAMET Management

Management criteria checks 3/4

Key information

Recent management updates

ERAMET S.A., Annual General Meeting, May 30, 2024

ERAMET S.A. Announces Executive Changes

ERAMET S.A., Annual General Meeting, May 23, 2023

ERAMET S.A. Announces Executive Changes

ERAMET S.A., Annual General Meeting, May 31, 2022

ERAMET S.A., Annual General Meeting, May 28, 2021

Recent updates

Dividend reduced to €1.50

New major risk - Financial position

ERAMET S.A., Annual General Meeting, May 30, 2024

ERAMET S.A. Announces Executive Changes

ERAMET S.A. to Report First Half, 2024 Results on Jul 25, 2024

ERAMET S.A. to Report Fiscal Year 2023 Results on Feb 21, 2024

INEOS Enterprises Group Limited completed the acquisition of TiZir Titanium & Iron A/S from ERAMET S.A. (ENXTPA:ERA).

First half 2023 earnings released: EPS: €2.95 (vs €23.99 in 1H 2022)

An unknown buyer made an offer to acquire TiZir Titanium & Iron A/S from ERAMET S.A. (ENXTPA:ERA) for an enterprise value of approximately $250 million.

Syntagma Capital SPRL completed the acquisition of ERASTEEL S.A.S from ERAMET S.A. (ENXTPA:ERA).

ERAMET S.A. Approves the Distribution in Respect of the 2022 Financial Year, Payable on 30 May 2023

Upcoming dividend of €3.50 per share at 3.9% yield

Full year 2022 earnings released: EPS: €31.25 (vs €25.34 in FY 2021)

Now 21% undervalued

Now 23% undervalued

Investor sentiment improves as stock rises 16%

Full year 2022 earnings released: EPS: €31.25 (vs €25.34 in FY 2021)

Investor sentiment improves as stock rises 18%

ERAMET S.A., Annual General Meeting, May 23, 2023

ERAMET S.A. to Report Q1, 2023 Results on Apr 27, 2023

First half 2022 earnings released

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

Eramet S.A. Approves Dividend Per Share in Respect of the 2021 Financial Year, Payment from 7 June 2022

Now 21% undervalued

Upcoming dividend of €2.50 per share

Investor sentiment improved over the past week

Full year 2021 earnings released: EPS: €25.34 (vs €6.00 loss in FY 2020)

Investor sentiment improved over the past week

ERAMET S.A. Announces Executive Changes

Investor sentiment improved over the past week

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Eramet S.A. Announces Proposal of Dividend

ERAMET S.A., Annual General Meeting, May 31, 2022

ERAMET S.A. Provides Production Guidance for the Year 2022

First half 2021 earnings released: EPS €1.98 (vs €23.48 loss in 1H 2020)

Director Michel Antseleve has left the company

Full year 2020 earnings released: €25.47 loss per share (vs €6.94 loss in FY 2019)

New 90-day high: €65.10

Full year 2020 earnings released: €25.46 loss per share (vs €6.94 loss in FY 2019)

Revenue beats expectations

ERAMET S.A., Annual General Meeting, May 28, 2021

New 90-day high: €52.01

New 90-day high: €45.27

BASF and Eramet Partner to Assess the Development of A Nickel-Cobalt Refining Complex to Supply Growing Electric Vehicle Market

New 90-day high: €40.28

New 90-day high: €29.70

ERAMET S.A. Announces Board Changes

Eramet Suspends Earnings Guidance for the Year 2020

New 90-day low - €27.83

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age