Markel Management

How experienced are the management team and are they aligned to shareholders interests?

2.2yrs

Average management tenure


CEO

Tom Gayner (61 yo)

6.5yrs

Tenure

US$4,624,603

Compensation

Mr. Thomas Sinnickson Gayner, also known as Tom, serves as Chief Executive Officer at Markel Corporation since January 1, 2023 and was its Co-Chief Executive Officer since January 1, 2016 until January 1,...


CEO Compensation Analysis

How has Tom Gayner's remuneration changed compared to Markel's earnings?
DateTotal Comp.SalaryCompany Earnings
Sep 30 2022n/an/a

-US$126m

Jun 30 2022n/an/a

US$35m

Mar 31 2022n/an/a

US$2b

Dec 31 2021US$5mUS$1m

US$2b

Sep 30 2021n/an/a

US$2b

Jun 30 2021n/an/a

US$3b

Mar 31 2021n/an/a

US$3b

Dec 31 2020US$4mUS$1m

US$769m

Sep 30 2020n/an/a

US$451m

Jun 30 2020n/an/a

US$215m

Mar 31 2020n/an/a

-US$193m

Dec 31 2019US$5mUS$1m

US$2b

Sep 30 2019n/an/a

US$539m

Jun 30 2019n/an/a

US$743m

Mar 31 2019n/an/a

US$521m

Dec 31 2018US$4mUS$981k

-US$133m

Sep 30 2018n/an/a

US$1b

Jun 30 2018n/an/a

US$382m

Mar 31 2018n/an/a

US$248m

Dec 31 2017US$3mUS$950k

US$362m

Sep 30 2017n/an/a

US$65m

Jun 30 2017n/an/a

US$406m

Mar 31 2017n/an/a

US$338m

Dec 31 2016US$2mUS$808k

US$440m

Compensation vs Market: Tom's total compensation ($USD4.62M) is below average for companies of similar size in the US market ($USD12.57M).

Compensation vs Earnings: Tom's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Thomas Gayner
CEO & Director0.083yrUS$4.62m0.35%
$ 61.6m
Jeremy Noble
President of Global Insurance Engine0.083yrUS$1.75m0.0049%
$ 859.2k
Michael Heaton
Executive Vice President0.75yrUS$1.41m0.0091%
$ 1.6m
Tyler Brown
Managing Director of Investments1.08yrsno datano data
Brian Costanzo
Chief Accounting Officer1.5yrsno data0.0033%
$ 571.6k
Richard Grinnan
Senior VP8.67yrsUS$1.23m0.010%
$ 1.8m
Jennifer Blackwell
Deputy Chief Communications Officer3.08yrsno datano data
Paul Broughton
Managing Director of Marketingno datano datano data
Frederick May
Vice President of Sales & Business Development4.08yrsno datano data
Jeff Lamb
Executive Director of Programs and Alliances - Markel Specialtyno datano datano data
Sarah Gavlick
Chief Territory Officer of East for Markel Specialty2.92yrsno datano data
Scott Culler
Senior Managing Director of Product Line Leadership Team6.33yrsno datano data

2.2yrs

Average Tenure

46yo

Average Age

Experienced Management: MKL's management team is considered experienced (2.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Thomas Gayner
CEO & Director6.5yrsUS$4.62m0.35%
$ 61.6m
Michael O'Reilly
Lead Independent Director9.75yrsUS$273.56k0.023%
$ 4.1m
Alan Kirshner
Chairman Emeritus2.75yrsUS$1.47mno data
Steven Markel
Chairman of the Board45.08yrsUS$1.24m0.68%
$ 119.4m
Anthony Markel
Director45.08yrsUS$689.67k0.63%
$ 109.6m
K. Connell
Independent Director9.75yrsUS$285.23k0.021%
$ 3.7m
Mark Besca
Independent Director2.25yrsUS$243.49k0.0039%
$ 680.3k
Richard Whitt
Director6.5yrsUS$4.62m0.062%
$ 10.9m
Harold Morrison
Independent Director3.08yrsUS$225.51k0.0043%
$ 754.0k
Greta Harris
Independent Director1.75yrsUS$235.23k0.0018%
$ 308.6k
Diane Leopold
Independent Director4.75yrsUS$245.79k0.014%
$ 2.5m
A. Puckett
Independent Director2.5yrsUS$245.79k0.0074%
$ 1.3m

5.6yrs

Average Tenure

63yo

Average Age

Experienced Board: MKL's board of directors are considered experienced (5.6 years average tenure).