InnovAge Holding Management
Management criteria checks 3/4
InnovAge Holding's CEO is Patrick Blair, appointed in Dec 2021, has a tenure of 2.33 years. total yearly compensation is $1.51M, comprised of 49.8% salary and 50.2% bonuses, including company stock and options. directly owns 0.38% of the company’s shares, worth $2.06M. The average tenure of the management team and the board of directors is 1.4 years and 3.1 years respectively.
Key information
Patrick Blair
Chief executive officer
US$1.5m
Total compensation
| CEO salary percentage | 49.8% |
| CEO tenure | 2.3yrs |
| CEO ownership | 0.4% |
| Management average tenure | 1.4yrs |
| Board average tenure | 3.1yrs |
Recent management updates
Recent updates
InnovAge Holding (NASDAQ:INNV) Has Debt But No Earnings; Should You Worry?
Mar 15
Market Still Lacking Some Conviction On InnovAge Holding Corp. (NASDAQ:INNV)
Jan 06InnovAge Holding Corp.'s (NASDAQ:INNV) Intrinsic Value Is Potentially 73% Above Its Share Price
Aug 10Cautious Investors Not Rewarding InnovAge Holding Corp.'s (NASDAQ:INNV) Performance Completely
Jun 08InnovAge GAAP EPS of -$0.09 misses by $0.06, revenue of $172.86M misses by $1.11M
Sep 13InnovAge names Richard Feifer as chief medical officer
Aug 17InnovAge Holding (NASDAQ:INNV) Could Be Struggling To Allocate Capital
Jul 27Earnings Miss: InnovAge Holding Corp. Missed EPS And Analysts Are Revising Their Forecasts
May 12Here's What's Concerning About InnovAge Holding's (NASDAQ:INNV) Returns On Capital
Apr 14Is There An Opportunity With InnovAge Holding Corp.'s (NASDAQ:INNV) 30% Undervaluation?
Mar 24InnovAge Pursues Compliance As Precursor To Post-Pandemic Growth
Mar 19InnovAge Holding's (NASDAQ:INNV) Robust Earnings Are Supported By Other Strong Factors
Nov 16Are Investors Undervaluing InnovAge Holding Corp. (NASDAQ:INNV) By 48%?
Jul 28CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | n/a | n/a | -US$32m |
| Sep 30 2023 | n/a | n/a | -US$38m |
| Jun 30 2023 | US$2m | US$750k | -US$41m |
| Mar 31 2023 | n/a | n/a | -US$42m |
| Dec 31 2022 | n/a | n/a | -US$38m |
| Sep 30 2022 | n/a | n/a | -US$27m |
| Jun 30 2022 | US$8m | US$438k | -US$7m |
Compensation vs Market: Patrick's total compensation ($USD1.51M) is below average for companies of similar size in the US market ($USD2.37M).
Compensation vs Earnings: Patrick's compensation has been consistent with company performance over the past year.
CEO
Patrick Blair (52 yo)
2.3yrs
Tenure
US$1,506,600
Compensation
Mr. Patrick Blair serves as President of InnovAge Holding Corp. since December 1, 2021 and as its CEO since January 01, 2022. He had been the Chief Marketing Officer and Senior Vice President of Commercial...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President & CEO | 2.3yrs | US$1.51m | 0.38% $ 2.1m | |
| Chief Legal Officer & Corporate Secretary | 2.8yrs | US$1.48m | 0.035% $ 191.7k | |
| Chief Medical Officer | 1.7yrs | US$1.39m | 0.016% $ 85.2k | |
| Independent Director | no data | US$100.00k | 0.017% $ 92.7k | |
| Independent Director | no data | US$120.00k | no data | |
| Chief Financial Officer | less than a year | no data | no data | |
| Chief Operations Officer | 1.1yrs | no data | 0.092% $ 506.0k | |
| Chief Information Officer | 1.1yrs | no data | no data | |
| Director of Investor Relations | no data | no data | no data | |
| Chief Compliance Officer | no data | no data | no data | |
| Chief Strategy & Corporate Development Officer | less than a year | no data | no data | |
| Chief Sales & Marketing Officer | 1.7yrs | no data | no data |
1.4yrs
Average Tenure
56yo
Average Age
Experienced Management: INNV's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director | 3.1yrs | US$100.00k | 0.017% $ 92.7k | |
| Independent Director | 3.1yrs | US$120.00k | no data | |
| Director | 3.1yrs | no data | no data | |
| Independent Non-Executive Chairman | 1.8yrs | US$200.00k | 0.021% $ 115.0k | |
| Director | 3.1yrs | no data | 0.074% $ 403.0k | |
| Independent Director | 3.1yrs | US$120.00k | no data | |
| Independent Director | 3.1yrs | US$100.00k | no data | |
| Independent Director | less than a year | no data | no data | |
| Independent Director | 1.1yrs | US$125.00k | no data |
3.1yrs
Average Tenure
62yo
Average Age
Experienced Board: INNV's board of directors are considered experienced (3.1 years average tenure).