Eastman Chemical Management
Management criteria checks 3/4
Eastman Chemical's CEO is Mark Costa, appointed in Jan 2014, has a tenure of 10.92 years. total yearly compensation is $17.60M, comprised of 7.7% salary and 92.3% bonuses, including company stock and options. directly owns 0.34% of the company’s shares, worth MX$791.34M. The average tenure of the management team and the board of directors is 3.5 years and 10.2 years respectively.
Key information
Mark Costa
Chief executive officer
US$17.6m
Total compensation
| CEO salary percentage | 7.7% |
| CEO tenure | 10.9yrs |
| CEO ownership | 0.3% |
| Management average tenure | 3.5yrs |
| Board average tenure | 10.2yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$885m |
| Jun 30 2024 | n/a | n/a | US$883m |
| Mar 31 2024 | n/a | n/a | US$925m |
| Dec 31 2023 | US$18m | US$1m | US$894m |
| Sep 30 2023 | n/a | n/a | US$585m |
| Jun 30 2023 | n/a | n/a | US$708m |
| Mar 31 2023 | n/a | n/a | US$692m |
| Dec 31 2022 | US$17m | US$1m | US$793m |
| Sep 30 2022 | n/a | n/a | US$1b |
| Jun 30 2022 | n/a | n/a | US$1b |
| Mar 31 2022 | n/a | n/a | US$818m |
| Dec 31 2021 | US$18m | US$1m | US$857m |
| Sep 30 2021 | n/a | n/a | US$511m |
| Jun 30 2021 | n/a | n/a | US$321m |
| Mar 31 2021 | n/a | n/a | US$494m |
| Dec 31 2020 | US$14m | US$1m | US$478m |
| Sep 30 2020 | n/a | n/a | US$472m |
| Jun 30 2020 | n/a | n/a | US$577m |
| Mar 31 2020 | n/a | n/a | US$808m |
| Dec 31 2019 | US$15m | US$1m | US$759m |
| Sep 30 2019 | n/a | n/a | US$767m |
| Jun 30 2019 | n/a | n/a | US$913m |
| Mar 31 2019 | n/a | n/a | US$999m |
| Dec 31 2018 | US$16m | US$1m | US$1b |
| Sep 30 2018 | n/a | n/a | US$2b |
| Jun 30 2018 | n/a | n/a | US$1b |
| Mar 31 2018 | n/a | n/a | US$1b |
| Dec 31 2017 | US$14m | US$1m | US$1b |
Compensation vs Market: Mark's total compensation ($USD17.60M) is above average for companies of similar size in the MX market ($USD5.68M).
Compensation vs Earnings: Mark's compensation has been consistent with company performance over the past year.
CEO
Mark Costa (58 yo)
10.9yrs
Tenure
US$17,597,890
Compensation
Mr. Mark J. Costa is Director at International Flavors & Fragrances Inc since January 1, 2023. He has been the Chief Executive Officer of Eastman Chemical Co. since January 1, 2014. Mr. Costa had been an E...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 10.9yrs | US$17.60m | 0.34% MX$ 791.3m | |
| CFO & Executive VP | 4.8yrs | US$5.21m | 0.032% MX$ 72.8m | |
| Executive VP & Chief Commercial Officer | 10.9yrs | US$5.85m | 0.063% MX$ 143.7m | |
| Executive VP of Manufacturing & Chief Sustainability Officer | 3.5yrs | US$4.70m | 0.042% MX$ 97.1m | |
| Senior Vice President of Additives & Functional Products | 2.2yrs | US$3.50m | 0.010% MX$ 23.9m | |
| VP, Chief Accounting Officer & Controller | 3.2yrs | no data | 0.0020% MX$ 4.6m | |
| Senior VP & CTO | 3.5yrs | no data | 0.011% MX$ 24.5m | |
| Vice President of Investor Relations & Communications | 22.3yrs | no data | no data | |
| Senior VP & Chief Human Resources Officer | 1.6yrs | no data | no data | |
| MD of EMEA Region & Global Procurement Director | no data | no data | no data | |
| Senior VP of Regions & Chief Supply Chain Officer | 3.5yrs | no data | 0.0045% MX$ 10.4m | |
| Senior VP | less than a year | no data | no data |
3.5yrs
Average Tenure
55yo
Average Age
Experienced Management: EMN *'s management team is considered experienced (3.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 11.6yrs | US$17.60m | 0.34% MX$ 791.3m | |
| Director | less than a year | no data | 0.000090% MX$ 206.9k | |
| Independent Director | 8.8yrs | US$310.90k | 0.0042% MX$ 9.6m | |
| Independent Director | 21.3yrs | US$311.06k | 0.019% MX$ 43.6m | |
| Independent Director | 24yrs | US$310.06k | 0.025% MX$ 58.3m | |
| Lead Independent DIrector | 13.8yrs | US$326.73k | 0.0069% MX$ 15.9m | |
| Independent Director | 13.1yrs | US$316.56k | 0.013% MX$ 28.8m | |
| Independent Director | 13.9yrs | US$315.06k | 0.0085% MX$ 19.6m | |
| Independent Director | 2.3yrs | US$293.06k | 0.0041% MX$ 9.4m | |
| Independent Director | 4.8yrs | US$290.06k | 0.00011% MX$ 252.9k | |
| Independent Director | 6.4yrs | US$301.56k | 0.0012% MX$ 2.8m | |
| Independent Director | 1.8yrs | US$286.17k | 0.0013% MX$ 3.0m |
10.2yrs
Average Tenure
65yo
Average Age
Experienced Board: EMN *'s board of directors are seasoned and experienced ( 10.2 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/15 12:12 |
| End of Day Share Price | 2024/09/17 00:00 |
| Earnings | 2024/09/30 |
| 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 |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
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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
Eastman Chemical Company is covered by 41 analysts. 17 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 |
|---|---|
| Ishan Majumdar | Baptista Research |
| Sergey Vasnetsov | Barclays |
| Michael Leithead | Barclays |