Glencore Management
Management criteria checks 4/4
Glencore's CEO is Gary Nagle, appointed in Jul 2021, has a tenure of 3.33 years. total yearly compensation is $5.83M, comprised of 31.8% salary and 68.2% bonuses, including company stock and options. directly owns 0.016% of the company’s shares, worth £7.61M. The average tenure of the management team and the board of directors is 5.8 years and 3.5 years respectively.
Key information
Gary Nagle
Chief executive officer
US$5.8m
Total compensation
| CEO salary percentage | 31.8% |
| CEO tenure | 3.3yrs |
| CEO ownership | 0.02% |
| Management average tenure | 5.8yrs |
| Board average tenure | 3.5yrs |
Recent management updates
Recent updates
Estimating The Intrinsic Value Of Glencore plc (LON:GLEN)
Oct 12
Lacklustre Performance Is Driving Glencore plc's (LON:GLEN) Low P/S
Sep 18Glencore (LON:GLEN) Has A Somewhat Strained Balance Sheet
Aug 31The Return Trends At Glencore (LON:GLEN) Look Promising
Jul 12With Glencore plc (LON:GLEN) It Looks Like You'll Get What You Pay For
Jun 07We Think Shareholders Will Probably Be Generous With Glencore plc's (LON:GLEN) CEO Compensation
May 23Estimating The Intrinsic Value Of Glencore plc (LON:GLEN)
Apr 25These 4 Measures Indicate That Glencore (LON:GLEN) Is Using Debt Extensively
Mar 14Returns On Capital Are A Standout For Glencore (LON:GLEN)
Feb 20Is Glencore plc (LON:GLEN) Trading At A 49% Discount?
Jan 25Glencore plc's (LON:GLEN) Low P/E No Reason For Excitement
Dec 19Does Glencore (LON:GLEN) Have A Healthy Balance Sheet?
Nov 19Is Glencore plc (LON:GLEN) Trading At A 34% Discount?
Oct 16Investors Shouldn't Overlook Glencore's (LON:GLEN) Impressive Returns On Capital
Oct 01An Intrinsic Calculation For Glencore plc (LON:GLEN) Suggests It's 38% Undervalued
Jun 23Does Glencore (LON:GLEN) Deserve A Spot On Your Watchlist?
Jun 08CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2024 | n/a | n/a | -US$521m |
| Mar 31 2024 | n/a | n/a | US$2b |
| Dec 31 2023 | US$6m | US$2m | US$4b |
| Sep 30 2023 | n/a | n/a | US$7b |
| Jun 30 2023 | n/a | n/a | US$10b |
| Mar 31 2023 | n/a | n/a | US$14b |
| Dec 31 2022 | US$6m | US$2m | US$17b |
| Sep 30 2022 | n/a | n/a | US$17b |
| Jun 30 2022 | n/a | n/a | US$16b |
| Mar 31 2022 | n/a | n/a | US$10b |
| Dec 31 2021 | US$4m | US$900k | US$5b |
Compensation vs Market: Gary's total compensation ($USD5.83M) is about average for companies of similar size in the UK market ($USD5.72M).
Compensation vs Earnings: Gary's compensation has been consistent with company performance over the past year.
CEO
Gary Nagle (49 yo)
3.3yrs
Tenure
US$5,833,000
Compensation
Gary Nagle was appointed as CEO on 1 July 2021. Gary joined Glencore in 2000 in Switzerland as part of the Coal business development team. He was heavily involved in seeding a portfolio of assets to Xstrat...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 3.3yrs | US$5.83m | 0.016% £ 7.6m | |
| Chief Financial Officer | 19.4yrs | US$400.89k | no data | |
| Head of Investor Relations & Communications | no data | no data | no data | |
| General Counsel | 5.4yrs | no data | no data | |
| Head of Human Resources | less than a year | no data | no data | |
| Head of Ferroalloys Assets | 5.9yrs | no data | no data | |
| Head of Ferroalloys & Nickel Marketing | 6.8yrs | no data | no data | |
| Head of Coal Marketing | 6.8yrs | no data | no data | |
| Head of Oil Marketing | 5.8yrs | no data | no data | |
| Head of Copper Marketing | no data | no data | no data | |
| Head of Alumina & Aluminium Marketing | no data | no data | no data | |
| Head of Iron Ore Marketing | 3.8yrs | no data | no data |
5.8yrs
Average Tenure
49yo
Average Age
Experienced Management: GLEN's management team is seasoned and experienced (5.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 3.3yrs | US$5.83m | 0.016% £ 7.6m | |
| Independent Non-Executive Director | 7.5yrs | US$278.00k | 0.00056% £ 259.2k | |
| Independent Non-Executive Director | 3.8yrs | US$268.00k | no data | |
| Chairman | 4.8yrs | US$1.15m | no data | |
| Independent Non-Executive Director | 3.2yrs | US$221.00k | 0.00016% £ 74.1k | |
| Independent Non-Executive Director | 2.3yrs | US$241.00k | 0.000090% £ 41.7k | |
| Independent Non-Executive Director | less than a year | no data | no data | |
| Senior Independent Non-Executive Director | 6.8yrs | US$308.00k | no data |
3.5yrs
Average Tenure
68yo
Average Age
Experienced Board: GLEN's board of directors are considered experienced (3.5 years average tenure).