Algoma Steel Group Management
Management criteria checks 2/4
We currently do not have sufficient information about the CEO.
Key information
Mike Garcia
Chief executive officer
CA$5.6m
Total compensation
| CEO salary percentage | 18.1% |
| CEO tenure | 2.4yrs |
| CEO ownership | n/a |
| Management average tenure | 1.7yrs |
| Board average tenure | 3.1yrs |
Recent management updates
Recent updates
Is Algoma Steel Group (NASDAQ:ASTL) A Risky Investment?
Aug 28
There's No Escaping Algoma Steel Group Inc.'s (NASDAQ:ASTL) Muted Earnings Despite A 28% Share Price Rise
Aug 01Why Algoma Steel Group's (NASDAQ:ASTL) Shaky Earnings Are Just The Beginning Of Its Problems
Jun 27Algoma Steel: Canadian Steel At 3.5 Times The LTM EBITDA
Jun 26Algoma Steel Group (NASDAQ:ASTL) Has Announced A Dividend Of CA$0.05
Jun 26Algoma Steel Group (NASDAQ:ASTL) Is Reinvesting At Lower Rates Of Return
Jan 23Algoma Steel Group (NASDAQ:ASTL) Has Affirmed Its Dividend Of CA$0.05
Nov 09Algoma Steel Group (NASDAQ:ASTL) Has Affirmed Its Dividend Of CA$0.05
Aug 15The Returns On Capital At Algoma Steel Group (NASDAQ:ASTL) Don't Inspire Confidence
Aug 01Algoma Steel Group (NASDAQ:ASTL) Is Paying Out A Dividend Of CA$0.05
Jun 28Improved Earnings Required Before Algoma Steel Group Inc. (NASDAQ:ASTL) Stock's 30% Jump Looks Justified
Feb 15Algoma Steel slumps after sees Q2 adjusted EBITDA $75M-$80M and decline in shipments amid production shortfall
Sep 28Algoma Steel Group goes ex-dividend tomorrow
Aug 29Is There An Opportunity With Algoma Steel Group Inc.'s (NASDAQ:ASTL) 31% Undervaluation?
Aug 04Algoma Steel Group GAAP EPS of C$1.49, revenue of C$934.1M
Aug 03Algoma Steel: Tender Offer Likely To Get Undersubscribed
Jun 22Algoma Steel Announces Massive Buyback, To Repurchase +30% In 30 Days
Jun 16Algoma Steel: Exceptional Steel Market Results In Record Performance
Feb 11Algoma Steel: Best Value In The Sector
Nov 29CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | -CA$157m |
| Jun 30 2024 | n/a | n/a | -CA$20m |
| Mar 31 2024 | CA$6m | CA$1m | CA$105m |
| Dec 31 2023 | n/a | n/a | CA$57m |
| Sep 30 2023 | n/a | n/a | CA$72m |
| Jun 30 2023 | n/a | n/a | CA$128m |
| Mar 31 2023 | CA$3m | CA$839k | CA$299m |
Compensation vs Market: Mike's total compensation ($USD3.99M) is about average for companies of similar size in the US market ($USD3.21M).
Compensation vs Earnings: Mike's compensation has increased whilst the company is unprofitable.
CEO
Mike Garcia (59 yo)
2.4yrs
Tenure
CA$5,581,132
Compensation
Mr. Michael Dennis Garcia, also known as Mike, serves as Chief Executive Officer and Director at Algoma Steel Group Inc since June 01, 2022. He had been the President of Domtar Pulp and Paper at Domtar Cor...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 2.4yrs | CA$5.58m | no data | |
| Chief Financial Officer | 12.8yrs | CA$1.58m | no data | |
| VP of Strategy & Chief Legal Officer | no data | CA$1.60m | 0.014% $ 170.5k | |
| Senior Vice President of Production | 1.4yrs | CA$1.50m | no data | |
| Treasurer & Investor Relations Officer | no data | no data | no data | |
| Chief Human Resource Officer | 1.7yrs | no data | no data | |
| Chief Commercial Officer | less than a year | no data | no data |
1.7yrs
Average Tenure
57yo
Average Age
Experienced Management: ASTL's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 2.4yrs | CA$5.58m | no data | |
| Independent Director | 3.1yrs | CA$430.90k | 1.99% $ 23.6m | |
| Independent Director | 3.1yrs | CA$464.77k | no data | |
| Independent Director | 2.2yrs | CA$306.28k | no data | |
| Independent Chairman | 3.3yrs | CA$942.78k | no data | |
| Independent Director | 3.1yrs | CA$333.22k | no data | |
| Independent Director | 3.1yrs | CA$312.35k | 0.46% $ 5.5m | |
| Independent Director | less than a year | no data | no data | |
| Independent Director | 2.2yrs | CA$472.43k | no data | |
| Independent Director | 3.1yrs | CA$430.06k | no data |
3.1yrs
Average Tenure
63yo
Average Age
Experienced Board: ASTL's board of directors are considered experienced (3.1 years average tenure).