Lundin Gold Management
Management criteria checks 4/4
Lundin Gold's CEO is Ron Hochstein, appointed in Dec 2014, has a tenure of 9.92 years. total yearly compensation is $2.40M, comprised of 23.2% salary and 76.8% bonuses, including company stock and options. directly owns 0.34% of the company’s shares, worth SEK206.12M. The average tenure of the management team and the board of directors is 2.2 years and 3.4 years respectively.
Key information
Ron Hochstein
Chief executive officer
US$2.4m
Total compensation
| CEO salary percentage | 23.2% |
| CEO tenure | 9.9yrs |
| CEO ownership | 0.3% |
| Management average tenure | 2.2yrs |
| Board average tenure | 3.4yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$308m |
| Jun 30 2024 | n/a | n/a | US$226m |
| Mar 31 2024 | n/a | n/a | US$170m |
| Dec 31 2023 | US$2m | US$555k | US$179m |
| Sep 30 2023 | n/a | n/a | US$100m |
| Jun 30 2023 | n/a | n/a | US$109m |
| Mar 31 2023 | n/a | n/a | US$102m |
| Dec 31 2022 | US$2m | US$550k | US$74m |
| Sep 30 2022 | n/a | n/a | US$171m |
| Jun 30 2022 | n/a | n/a | US$165m |
| Mar 31 2022 | n/a | n/a | US$159m |
| Dec 31 2021 | US$2m | US$535k | US$221m |
| Sep 30 2021 | n/a | n/a | US$191m |
| Jun 30 2021 | n/a | n/a | US$163m |
| Mar 31 2021 | n/a | n/a | US$48m |
| Dec 31 2020 | US$3m | US$499k | -US$47m |
| Sep 30 2020 | n/a | n/a | -US$87m |
| Jun 30 2020 | n/a | n/a | -US$154m |
| Mar 31 2020 | n/a | n/a | -US$121m |
| Dec 31 2019 | US$2m | US$505k | -US$119m |
| Sep 30 2019 | n/a | n/a | -US$102m |
| Jun 30 2019 | n/a | n/a | -US$55m |
| Mar 31 2019 | n/a | n/a | -US$4m |
| Dec 31 2018 | US$1m | US$464k | -US$22m |
| Sep 30 2018 | n/a | n/a | -US$18m |
| Jun 30 2018 | n/a | n/a | -US$41m |
| Mar 31 2018 | n/a | n/a | -US$60m |
| Dec 31 2017 | US$1m | US$358k | -US$41m |
Compensation vs Market: Ron's total compensation ($USD2.40M) is about average for companies of similar size in the Swedish market ($USD2.20M).
Compensation vs Earnings: Ron's compensation has been consistent with company performance over the past year.
CEO
Ron Hochstein (63 yo)
9.9yrs
Tenure
US$2,397,190
Compensation
Mr. Ronald F. Hochstein, also known as Ron, MBA, P.Eng. B.Sc. (Mineral Process Engineering), is Independent Director of Montage Gold Corp. from February 23, 2024 and serves as its Chairman since June 06, 2...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 9.9yrs | US$2.40m | 0.34% SEK 206.1m | |
| Chief Operating Officer | 1.7yrs | US$1.09m | no data | |
| VP of Legal & Sustainability and Corporate Secretary | 9.8yrs | US$810.55k | 0.015% SEK 9.5m | |
| Senior Vice President of Finance | 1.3yrs | US$971.71k | 0.064% SEK 39.0m | |
| Vice President of Exploration | 2.7yrs | US$619.07k | no data | |
| Vice President of Corporate Development & Investor Relations | less than a year | no data | no data |
2.2yrs
Average Tenure
Experienced Management: LUG's management team is considered experienced (2.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 20.4yrs | US$2.40m | 0.34% SEK 206.1m | |
| Independent Lead Director | 9.5yrs | US$190.74k | 0.22% SEK 134.4m | |
| Independent Director | 19.8yrs | US$172.31k | 0.063% SEK 38.9m | |
| Independent Director | 9.8yrs | US$146.00k | 0.0084% SEK 5.2m | |
| Independent Director | 1.5yrs | US$126.88k | no data | |
| Independent Director | 3.4yrs | US$155.26k | 0.0037% SEK 2.2m | |
| Independent Chairman | 2.5yrs | US$205.75k | 0.064% SEK 39.4m | |
| Director | less than a year | no data | no data | |
| Director | less than a year | no data | no data |
3.4yrs
Average Tenure
53yo
Average Age
Experienced Board: LUG's board of directors are considered experienced (3.4 years average tenure).