Glencore Management
Management criteria checks 4/4
Glencore's CEO is Gary Nagle, appointed in Jul 2021, has a tenure of 3.5 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 £7.51M. The average tenure of the management team and the board of directors is 5.6 years and 3.9 years respectively.
Key information
Gary Nagle
Chief executive officer
US$5.8m
Total compensation
| CEO salary percentage | 31.8% |
| CEO tenure | 3.5yrs |
| CEO ownership | 0.02% |
| Management average tenure | 5.6yrs |
| Board average tenure | 3.9yrs |
Recent management updates
Recent updates
Glencore plc (LON:GLEN) Shares Could Be 33% Below Their Intrinsic Value Estimate
Jan 13
Glencore's (LON:GLEN) Returns On Capital Are Heading Higher
Dec 05Estimating The Intrinsic Value Of Glencore plc (LON:GLEN)
Oct 12Lacklustre 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 20CEO 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 ($USD5.73M).
Compensation vs Earnings: Gary's compensation has been consistent with company performance over the past year.
CEO
Gary Nagle (49 yo)
3.5yrs
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 | 3.5yrs | US$5.83m | 0.016% £ 7.5m | |
| Chief Financial Officer | 19.6yrs | US$400.89k | no data | |
| Head of Investor Relations & Communications | no data | no data | no data | |
| General Counsel | 5.6yrs | no data | no data | |
| Head of Human Resources | 1yr | no data | no data | |
| Head of Ferroalloys Assets | 6.1yrs | no data | no data | |
| Head of Coal Marketing | 7yrs | no data | no data | |
| Head of Oil Marketing | 6yrs | 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 | 4yrs | no data | no data | |
| Co-Head of the Zinc Marketing Department | 1.3yrs | no data | no data |
5.6yrs
Average Tenure
49yo
Average Age
Experienced Management: GLEN's management team is seasoned and experienced (5.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 3.5yrs | US$5.83m | 0.016% £ 7.5m | |
| Independent Non-Executive Director | 7.7yrs | US$278.00k | 0.00056% £ 255.6k | |
| Independent Non-Executive Director | 3.9yrs | US$268.00k | no data | |
| Chairman | 4.9yrs | US$1.15m | no data | |
| Independent Non-Executive Director | 2.5yrs | US$241.00k | 0.000090% £ 41.1k | |
| Independent Non-Executive Director | less than a year | no data | no data | |
| Senior Independent Non-Executive Director | 7yrs | US$308.00k | no data |
3.9yrs
Average Tenure
68yo
Average Age
Experienced Board: GLEN's board of directors are considered experienced (3.9 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/27 02:02 |
| End of Day Share Price | 2025/01/24 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Glencore plc is covered by 42 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Teun Teeuwisse | ABN AMRO Bank N.V. |
| Pierre-Yves Gauthier | AlphaValue |
| Wade Napier | Avior Capital Markets |