Calumet Specialty Products Partners Management
Management criteria checks 3/4
Calumet Specialty Products Partners' CEO is Louis Borgmann, appointed in May 2022, has a tenure of 1.92 years. total yearly compensation is $2.50M, comprised of 29.4% salary and 70.6% bonuses, including company stock and options. directly owns 0.2% of the company’s shares, worth $2.44M. The average tenure of the management team and the board of directors is 1.9 years and 5.5 years respectively.
Key information
Louis Borgmann
Chief executive officer
US$2.5m
Total compensation
| CEO salary percentage | 29.4% |
| CEO tenure | 1.9yrs |
| CEO ownership | 0.2% |
| Management average tenure | 1.9yrs |
| Board average tenure | 5.5yrs |
Recent management updates
Recent updates
Investors Will Want Calumet Specialty Products Partners' (NASDAQ:CLMT) Growth In ROCE To Persist
Apr 01
Calumet Specialty Products: Huge Increases In Cash Flows May Be Imminent [Downgrade]
Mar 18LVS Advisory - Calumet: Fits Firmly Within The 'Moderate Risk, High Reward' Portfolio Bucket
Feb 11Calumet Specialty Products: Falling Knifes And Investor Irrationality
Jan 29Calumet Specialty Products Blasted Off, The Cash Flow Went Solar
Aug 19Calumet Specialty Q2 2022 Earnings Preview
Aug 04The Final Countdown For Calumet Specialty Products' Launch Continues
Jul 29It's The Final Countdown For Calumet Specialty Products
May 16Calumet Specialty Products Partners, L.P. Always Landing On Its Feet
Mar 07Evaluating Calumet's Apparent Conservative Equity Valuation
Jan 28Calumet Specialty Products Calls All Aboard
Dec 08Frantic Buying At Calumet Specialty Products
Oct 21For Calumet, Progress Marches
Sep 01More About Calumet's Duo Threaded Growth Businesses
Jun 16Calumet Specialty EPS misses by $1.25, beats on revenue
May 07Calumet's Critical Fundaments Continue To Improve, Significantly
Jan 30Calumet makes Borgmann permanent CFO, lifting interim role
Jan 07Calumet Specialty EPS misses by $0.11, beats on revenue
Nov 06Navigating Calumet's Crossroads
Nov 02CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | US$3m | US$735k | US$47m |
| Sep 30 2023 | n/a | n/a | US$42m |
| Jun 30 2023 | n/a | n/a | -US$43m |
| Mar 31 2023 | n/a | n/a | -US$40m |
| Dec 31 2022 | US$4m | US$569k | -US$170m |
| Sep 30 2022 | n/a | n/a | -US$179m |
| Jun 30 2022 | n/a | n/a | -US$143m |
| Mar 31 2022 | n/a | n/a | -US$205m |
| Dec 31 2021 | US$1m | US$334k | -US$255m |
Compensation vs Market: Louis's total compensation ($USD2.50M) is below average for companies of similar size in the US market ($USD5.52M).
Compensation vs Earnings: Louis's compensation has been consistent with company performance over the past year.
CEO
Louis Borgmann (40 yo)
1.9yrs
Tenure
US$2,502,040
Compensation
Mr. Louis Todd Borgmann has been Chief Executive Officer at Calumet GP, LLC, General Partner of Calumet Specialty Products Partners, L.P from May 1, 2022. He serves as Chief Executive Officer of Montana Re...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer of Calumet GP | 1.9yrs | US$2.50m | 0.20% $ 2.4m | |
| Senior VP | 12yrs | US$864.50k | 0.056% $ 679.8k | |
| Executive Vice President of Montana Renewables & Corporate Development of Calumet GP | 3.2yrs | US$2.23m | 0.60% $ 7.3m | |
| Executive Vice President of Specialties of Calumet GP | 4.3yrs | US$765.61k | 0.26% $ 3.1m | |
| Advisor | less than a year | US$434.40k | 0.011% $ 137.9k | |
| Executive VP & CFO of Calumet GP | less than a year | no data | no data | |
| Chief Accounting Officer & Principal Accounting Officer of Calumet GP | 1.9yrs | no data | 0.010% $ 121.2k | |
| Director of Investor Relations | no data | no data | no data | |
| Alpha IR | no data | no data | no data |
1.9yrs
Average Tenure
49yo
Average Age
Experienced Management: CLMT's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director of Calumet GP | 1.7yrs | US$201.00k | no data | |
| Independent Director of Calumet GP | 1.7yrs | US$226.11k | 0.031% $ 378.0k | |
| Director of Calumet GP | 3.4yrs | US$220.00k | 0.0087% $ 105.3k | |
| Chairman of the Board of Calumet GP | 8.1yrs | US$1.30m | 0.22% $ 2.6m | |
| Independent Director of Calumet GP | 18.3yrs | US$235.33k | 0.40% $ 4.8m | |
| Director of Calumet GP | 3.2yrs | US$185.00k | 0.83% $ 10.0m | |
| Independent Director of Calumet GP | 5.5yrs | US$238.00k | 0.077% $ 929.5k | |
| Director of Calumet GP | 9.6yrs | US$212.00k | 0.23% $ 2.7m | |
| Director of Calumet GP | 9.6yrs | US$188.75k | 0.20% $ 2.4m |
5.5yrs
Average Tenure
63yo
Average Age
Experienced Board: CLMT's board of directors are considered experienced (5.5 years average tenure).