Kellanova Management

Management criteria checks 2/4

Kellanova's CEO is Steve Cahillane, appointed in Oct 2017, has a tenure of 7.08 years. total yearly compensation is $17.04M, comprised of 7.9% salary and 92.1% bonuses, including company stock and options. directly owns 0.1% of the company’s shares, worth MX$589.55M. The average tenure of the management team and the board of directors is 6.3 years and 8.9 years respectively.

Key information

Steve Cahillane

Chief executive officer

US$17.0m

Total compensation

CEO salary percentage	7.9%
CEO tenure	7.1yrs
CEO ownership	0.1%
Management average tenure	6.3yrs
Board average tenure	8.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Steve Cahillane's remuneration changed compared to Kellanova's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 28 2024	n/a	n/a	US$1b
Jun 29 2024	n/a	n/a	US$863m
Mar 30 2024	n/a	n/a	US$812m
Dec 30 2023	US$17m	US$1m	US$775m
Sep 30 2023	n/a	n/a	US$391m
Jul 01 2023	n/a	n/a	US$504m
Apr 01 2023	n/a	n/a	US$537m
Dec 31 2022	US$13m	US$1m	US$729m
Oct 01 2022	n/a	n/a	US$1b
Jul 02 2022	n/a	n/a	US$1b
Apr 02 2022	n/a	n/a	US$2b
Jan 01 2022	US$11m	US$1m	US$1b
Oct 02 2021	n/a	n/a	US$1b
Jul 03 2021	n/a	n/a	US$1b
Apr 03 2021	n/a	n/a	US$1b
Jan 02 2021	US$12m	US$1m	US$1b
Sep 26 2020	n/a	n/a	US$1b
Jun 27 2020	n/a	n/a	US$1b
Mar 28 2020	n/a	n/a	US$1b
Dec 28 2019	n/a	n/a	US$960m
Sep 28 2019	n/a	n/a	US$731m
Jun 29 2019	n/a	n/a	US$864m
Mar 30 2019	n/a	n/a	US$1b
Dec 29 2018	US$10m	US$1m	US$1b
Sep 29 2018	n/a	n/a	US$2b
Jun 30 2018	n/a	n/a	US$2b
Mar 31 2018	n/a	n/a	US$1b
Dec 30 2017	US$5m	US$288k	US$1b

Compensation vs Market: Steve's total compensation ($USD17.04M) is above average for companies of similar size in the MX market ($USD5.71M).

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

CEO

Steve Cahillane (59 yo)

7.1yrs

Tenure

US$17,038,641

Compensation

Mr. Steven A. Cahillane, also known as Steve, is Independent Director at Colgate-Palmolive Company since February 01, 2023. He has been the Chief Executive Officer, President and Director of Kellanova (for...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Steven Cahillane	Chairman	7.1yrs	US$17.04m	0.10% MX$ 589.6m
Amit Banati	Vice Chairman	5.3yrs	US$5.79m	0.032% MX$ 183.4m
David Lawlor	Senior VP & President of Kellogg Europe	6.3yrs	US$4.12m	0.015% MX$ 83.4m
Shumit Kapoor	Senior VP and President of Asia Pacific	4.3yrs	US$3.54m	0.0096% MX$ 54.4m
Kurt Forche	VP, Corporate Controller & Principal Accounting Officer	6.3yrs	no data	0.0041% MX$ 23.2m
Lesley Salmon	Senior VP	5.8yrs	no data	no data
John Renwick	Vice President of Investor Relations & Corporate Planning	8.5yrs	no data	no data
Todd Haigh	Senior VP & Chief Legal Officer	less than a year	no data	0.0064% MX$ 36.4m
Marcella Kain	Senior Sales Director	less than a year	no data	no data
Melissa Howell	Senior VP of Global Human Services & Chief Human Resources Officer	8.4yrs	no data	0.021% MX$ 119.2m
Kris Bahner	Senior VP & Chief Global Corporate Affairs Officer	8.1yrs	no data	0.0087% MX$ 49.4m
Doug Vandevelde	Senior Vice President of Global Breakfast Category	11yrs	no data	no data

6.3yrs

Average Tenure

55.5yo

Average Age

Experienced Management: K *'s management team is seasoned and experienced (6.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Steven Cahillane	Chairman	7.1yrs	US$17.04m	0.10% MX$ 589.6m
Donald Knauss	Lead Independent Director	16.9yrs	US$310.00k	0.017% MX$ 94.1m
John Schlotman	Independent Director	4.1yrs	US$260.00k	0.0033% MX$ 18.9m
G. Gund	Independent Director	9.9yrs	US$275.00k	0.43% MX$ 2.4b
Stephanie Burns	Independent Director	10.8yrs	US$285.00k	0.0091% MX$ 51.4m
Carter Cast	Independent Director	7.4yrs	US$260.00k	0.0063% MX$ 35.7m
Mary Laschinger	Independent Director	12.1yrs	US$280.00k	0.011% MX$ 60.6m
Roderick Gillum	Independent Director	5.8yrs	US$260.00k	0.0049% MX$ 27.5m
Carolyn Tastad	Independent Director	8.9yrs	US$260.00k	0.0076% MX$ 42.9m
La Montgomery Tabron	Independent Director	10.8yrs	US$275.00k	0.0093% MX$ 52.4m
Erica Mann	Independent Director	5.8yrs	US$260.00k	0.0049% MX$ 27.5m

8.9yrs

Average Tenure

63yo

Average Age

Experienced Board: K *'s board of directors are considered experienced (8.9 years average tenure).

Kellanova Management

Management criteria checks 2/4

Key information

Recent management updates

Insufficient new directors

Insufficient new directors

Insider recently sold Mex$9.9m worth of stock

Insufficient new directors

Kellanova, Annual General Meeting, Apr 26, 2024

Kellanova, Annual General Meeting, Apr 26, 2024

Recent updates

Insufficient new directors

Kellanova Declares Dividend, Payable on December 13, 2024

Pop-Tarts Announces Debut of the Limited-Edition Pop-Tarts Crunchy Poppers Pullover in Celebration of the Brand's New Sweet, Snack

Hayel Saeed Anam Group & Co signed an agreement to acquire an unknown majority stake in The Egyptian Company for Foods from Kellanova (NYSE:K).

Hayel Saeed Anam Group & Co signed an agreement to acquire an unknown majority stake in The Egyptian Company for Foods from Kellanova (NYSE:K).

Upcoming dividend of US$0.57 per share

Mars, Incorporated entered into a definitive agreement to acquire Kellanova (NYSE:K) from a group of shareholders for $29.3 billion.

Mars, Incorporated entered into a definitive agreement to acquire Kellanova (NYSE:K) from a group of shareholders for $29.3 billion.

Mars Reportedly Explores Acquisition of Kellanova

Dividend of US$0.57 announced

Second quarter 2024 earnings released: EPS: US$1.01 (vs US$1.04 in 2Q 2023)

Kellanova Declares Regular Dividend, Payable on September 13, 2024

Insufficient new directors

Upcoming dividend of US$0.56 per share

Eggo Launches Its Most Protein-Packed Waffles Ever & A Fully Loaded Pair of Custom SRGN Sneakers to Match

Insider recently sold Mex$9.9m worth of stock

Insufficient new directors

Kellanova Reaffirms Earnings Guidance for the Full Year of 2024

Kellanova Plans to Increase Quarterly Dividend Begins with the Third Quarter of 2024

Kellanova, Annual General Meeting, Apr 26, 2024

Kellanova, Annual General Meeting, Apr 26, 2024

Dividend of US$0.56 announced

Full year 2023 earnings released: EPS: US$2.27 (vs US$2.13 in FY 2022)

Insufficient new directors

Kellanova Declares Dividend on the Common Stock, Payable on March 15, 2024

Kellanova Provides Earnings Guidance for the Full Year of 2024

Kellanova Announces Executive Leadership Changes for North America and Latin America

Insufficient new directors

Kellanova Announces Two New Varieties

Kellanova to Report Q3, 2024 Results on Oct 31, 2024

Insufficient new directors

Kellanova Launches Cheez-It®? Snap'd, Cheez-It®? Puff'd and Club®? Crisps with Reduced Plastic Packaging

Upcoming dividend of US$0.56 per share at 4.4% yield

Insufficient new directors

Third quarter 2023 earnings released: EPS: US$0.79 (vs US$0.91 in 3Q 2022)

Kellanova Provides Earnings Guidance for the Fourth Quarter of 2023

Insufficient new directors

Kellanova Declares Regular Dividend, Payable on December 15, 2023

Insufficient new directors

Kellogg Company Provides Earnings Guidance for 2024

Kellogg Company Announces Pop-Tarts Unveils Its Newest Flavor Innovation, Frosted Chocolatey Chip Pancake

Kellogg Company Introduces Limited-Edition Pringles Everything Bagel

Upcoming dividend of US$0.60 per share at 3.9% yield

Insufficient new directors

Kellogg Company Revises Earnings Guidance for the Full Year of 2023

Second quarter 2023 earnings released: EPS: US$1.04 (vs US$0.96 in 2Q 2022)

Kellogg Company Declares Dividend on the Common Stock of the Company, Payable on September 15, 2023

Insufficient new directors

Kellogg Company Introduces Pringles Harvest Blends

Insufficient new directors

Upcoming dividend of US$0.59 per share at 3.4% yield

Insider recently sold Mex$49m worth of stock

Kellogg Company's Raisin Bran Introduces the Addition of Kellogg's Raisin Bran Maple Flavor

Kellogg Company Revises Earnings Guidance for the Full Year of 2023

First quarter 2023 earnings released: EPS: US$0.87 (vs US$1.24 in 1Q 2022)

Insufficient new directors

Insufficient new directors

Insufficient new directors

Insufficient new directors

Vice Chairman of Corporate Development recently sold Mex$22m worth of stock

Kellogg Company Announces Resignation of Richard W. Dreiling from the Board of Directors

Kellogg Company, Annual General Meeting, Apr 28, 2023

Full year 2022 earnings released: EPS: US$2.82 (vs US$4.36 in FY 2021)

Kellogg Company Provides Earnings Guidance for the Full Year of 2023

Insufficient new directors

Kellogg Company's Vitamin D Petition Accepted by FDA

Insufficient new directors

Kellogg Company (NYSE:K) announces an Equity Buyback for $1,500 million worth of its shares.

Kellogg Company Announces Kellogg's Krave Double Chocolate Brownie Batter Cereal and Kellogg's Froot Loops with Marshmallows Jumbo Snax