a2 Milk Management
Management criteria checks 2/4
a2 Milk's CEO is David Bortolussi, appointed in Feb 2021, has a tenure of 3.42 years. total yearly compensation is NZ$5.85M, comprised of 34.7% salary and 65.3% bonuses, including company stock and options. directly owns 0.11% of the company’s shares, worth $3.54M. The average tenure of the management team and the board of directors is 2.7 years and 2.9 years respectively.
Key information
David Bortolussi
Chief executive officer
NZ$5.8m
Total compensation
| CEO salary percentage | 34.7% |
| CEO tenure | 3.4yrs |
| CEO ownership | 0.1% |
| Management average tenure | 2.7yrs |
| Board average tenure | 2.9yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | n/a | n/a | NZ$167m |
| Sep 30 2023 | n/a | n/a | NZ$161m |
| Jun 30 2023 | NZ$6m | NZ$2m | NZ$156m |
| Mar 31 2023 | n/a | n/a | NZ$146m |
| Dec 31 2022 | n/a | n/a | NZ$137m |
| Sep 30 2022 | n/a | n/a | NZ$130m |
| Jun 30 2022 | NZ$4m | NZ$2m | NZ$123m |
| Mar 31 2022 | n/a | n/a | NZ$71m |
| Dec 31 2021 | n/a | n/a | NZ$20m |
| Sep 30 2021 | n/a | n/a | NZ$50m |
| Jun 30 2021 | NZ$2m | NZ$744k | NZ$81m |
Compensation vs Market: David's total compensation ($USD3.44M) is below average for companies of similar size in the US market ($USD6.67M).
Compensation vs Earnings: David's compensation has increased by more than 20% in the past year.
CEO
David Bortolussi (55 yo)
3.4yrs
Tenure
NZ$5,846,530
Compensation
Mr. David L. Bortolussi, BComm, FFin, FCA serves as Advisory Board Member at Whiteoak Pty Ltd. He served as Group President of Innerwear International at Hanesbrands Inc. since April 2019 until February 6,...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD, CEO & Director | 3.4yrs | NZ$5.85m | 0.11% NZ$ 3.5m | |
| Chief Financial Officer | 1.8yrs | no data | no data | |
| Group Head of Investor Relations & Sustainability | no data | no data | no data | |
| Chief Legal & Sustainability Officer and Company Secretary | 7.7yrs | no data | 0.014% NZ$ 437.8k | |
| Chief Marketing Officer | 2.6yrs | no data | no data | |
| Chief People & Culture Officer | 2.8yrs | no data | no data | |
| Chief Executive of Greater China | 5.3yrs | no data | 0.052% NZ$ 1.7m | |
| Managing Director of ANZ & Strategy | 3.2yrs | no data | 0.0063% NZ$ 203.9k | |
| Managing Director of USA | less than a year | no data | 0.017% NZ$ 545.5k | |
| Managing Director of International | no data | no data | no data | |
| Group Head of Finance - FP&A and Risk | 1.8yrs | no data | no data | |
| Chief Supply Chain Officer | 1.7yrs | no data | no data |
2.7yrs
Average Tenure
55yo
Average Age
Experienced Management: ACOP.F's management team is considered experienced (2.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD, CEO & Director | 3.4yrs | NZ$5.85m | 0.11% NZ$ 3.5m | |
| Independent Non-Executive Director | 7.9yrs | NZ$216.50k | 0.014% NZ$ 447.5k | |
| Independent Non-Executive Director | 2.3yrs | NZ$198.00k | no data | |
| Independent Non-Executive Director | 1.8yrs | NZ$165.00k | no data | |
| Independent Non-Executive Chairman | 5yrs | NZ$203.50k | 0.0042% NZ$ 134.3k | |
| Independent Non-Executive Director | 1.1yrs | NZ$15.13k | 0.00014% NZ$ 4.5k |
2.9yrs
Average Tenure
57yo
Average Age
Experienced Board: ACOP.F's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.