Mauritius Oil Refineries Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Jerome Edouard Clarenc

Chief executive officer

MU₨5.4m

Total compensation

CEO salary percentage	100.0%
CEO tenure	2.3yrs
CEO ownership	n/a
Management average tenure	6.8yrs
Board average tenure	11.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jerome Edouard Clarenc's remuneration changed compared to Mauritius Oil Refineries's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	MU₨71m
Sep 30 2023	n/a	n/a	MU₨84m
Jun 30 2023	MU₨5m	MU₨5m	MU₨81m

Compensation vs Market: Jerome's total compensation ($USD115.86K) is about average for companies of similar size in the MU market ($USD117.85K).

Compensation vs Earnings: Insufficient data to compare Jerome's compensation with company performance.

CEO

Jerome Edouard Clarenc (45 yo)

2.3yrs

Tenure

MU₨5,379,398

Compensation

Mr. Jérôme Paul Edouard Clarenc served as an Interim Managing Director of Mauritius Oil Refineries Limited since January 01, 2022 until January 01, 2023 and serves as its Managing Director since January 01...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Jerome Edouard Clarenc	MD & Executive Director	2.3yrs	MU₨5.38m	no data
S. Rehaz A. Hassen	Finance Manager & Executive Director	20.3yrs	MU₨3.18m	no data
Myrna Arekion	Group Human Resources Manager & Compliance Officer	6.8yrs	no data	no data

6.8yrs

Average Tenure

58yo

Average Age

Experienced Management: MOR.N0000's management team is seasoned and experienced (6.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Jerome Edouard Clarenc	MD & Executive Director	9.6yrs	MU₨5.38m	no data
S. Rehaz A. Hassen	Finance Manager & Executive Director	12.6yrs	MU₨3.18m	no data
R. J. Clarenc	Non-Executive Director	36.6yrs	MU₨1.17m	no data
Dharmesh Gunvantrai Naik	Independent Non-Executive Director	2.4yrs	MU₨340.75k	no data
M. J. H. de Marasse Enouf	Non-Executive Director	38.2yrs	MU₨460.73k	no data
Akhtar Nawaz Dawood	Chairman	20.1yrs	MU₨698.18k	no data
Ashraf Currimjee	Non-Executive Director	29.8yrs	MU₨222.00k	no data
Yacub Moria	Non-Executive Director	25.8yrs	MU₨288.68k	no data
Madhavi Ramdin-Clark	Independent Non-Executive Director	4.8yrs	MU₨272.36k	no data
Su Lin Ong	Independent Non-Executive Director	2.9yrs	MU₨451.70k	no data
Jacques Paul Rene de Du Mee	Independent Non-Executive Director	less than a year	no data	no data
M. J. Merven	Non-Executive Director	2.3yrs	MU₨1.13m	no data

11.1yrs

Average Tenure

62.5yo

Average Age

Experienced Board: MOR.N0000's board of directors are seasoned and experienced ( 11.1 years average tenure).

Mauritius Oil Refineries Management

Management criteria checks 3/4

Key information

Recent management updates

Mauritius Oil Refineries Limited, Annual General Meeting, Dec 08, 2023

Mauritius Oil Refineries Limited, Annual General Meeting, Dec 09, 2022

Less than half of directors are independent

Mauritius Oil Refineries Limited Announces the Demise of Marie Joseph Georges Allain Doger De Speville, Chairperson

Less than half of directors are independent

Recent updates

Second quarter 2024 earnings released: EPS: MU₨0.68 (vs MU₨1.07 in 2Q 2023)

Upcoming dividend of MU₨0.50 per share at 2.8% yield

New major risk - Earnings quality

Mauritius Oil Refineries Limited, Annual General Meeting, Dec 08, 2023

Full year 2023 earnings released: EPS: MU₨2.44 (vs MU₨2.30 in FY 2022)

Upcoming dividend of MU₨0.50 per share at 8.6% yield

Third quarter 2023 earnings released: EPS: MU₨0.77 (vs MU₨0.52 in 3Q 2022)

Second quarter 2023 earnings released: EPS: MU₨1.07 (vs MU₨0.82 in 2Q 2022)

Mauritius Oil Refineries Limited, Annual General Meeting, Dec 09, 2022

First quarter 2023 earnings released: EPS: MU₨0.32 (vs MU₨0.07 in 1Q 2022)

Less than half of directors are independent

Full year 2022 earnings released: EPS: MU₨2.30 (vs MU₨1.34 in FY 2021)

Mauritius Oil Refineries Limited Announces the Demise of Marie Joseph Georges Allain Doger De Speville, Chairperson

Upcoming dividend of MU₨0.80 per share

Mauritius Oil Refineries Limited Declares A Dividend Payable on or About 22 August 2022

Less than half of directors are independent

Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations

Inaugural dividend of MU₨0.50 per share

First quarter 2022 earnings released: EPS MU₨0.07 (vs MU₨0.15 in 1Q 2021)

Full year 2021 earnings released: EPS MU₨1.34 (vs MU₨0.64 in FY 2020)

Third quarter 2021 earnings released: EPS MU₨0.39 (vs MU₨0.14 in 3Q 2020)

Second quarter 2021 earnings released: EPS MU₨0.28 (vs MU₨0.15 in 2Q 2020)

Investor sentiment improved over the past week

New 90-day high: MU₨23.00

New 90-day low: MU₨18.50

New 90-day low: MU₨19.65

First quarter 2021 earnings released: EPS MU₨0.15

Full year 2020 earnings released: EPS MU₨0.64

Full year 2020 earnings released: EPS MU₨0.64

New 90-day low: MU₨20.85

Mauritius Oil Refineries Limited to Report Fiscal Year 2020 Results on Nov 30, 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age