Newmont Management
Management criteria checks 3/4
Newmont's CEO is Tom Palmer, appointed in Nov 2018, has a tenure of 5.42 years. total yearly compensation is $11.75M, comprised of 12.2% salary and 87.8% bonuses, including company stock and options. directly owns 0.03% of the company’s shares, worth $13.28M. The average tenure of the management team and the board of directors is 1.2 years and 4.3 years respectively.
Key information
Tom Palmer
Chief executive officer
US$11.7m
Total compensation
| CEO salary percentage | 12.2% |
| CEO tenure | 5.4yrs |
| CEO ownership | 0.03% |
| Management average tenure | 1.2yrs |
| Board average tenure | 4.3yrs |
Recent management updates
Recent updates
Newmont: Why I Disagree With The Crowd
Apr 18Calculating The Intrinsic Value Of Newmont Corporation (NYSE:NEM)
Apr 10
Why Newmont Stock Is A Strong Golden Pick
Apr 08Newmont: I Am Adding This 3% Yielding Miner To My Portfolio
Mar 18Looking For A Spark: Newmont Corporation (Technical Analysis)
Mar 08Newmont Q4 Results: Don't Miss The Forest For The Trees
Feb 22Newmont: Asymmetric Risk/Reward Makes It A Strong Buy Here
Feb 10Newmont Corporation's (NYSE:NEM) Popularity With Investors Is Under Threat From Overpricing
Jan 26Buy The Plunge In Newmont: Get Gold Exposure And A Near 5% Yield
Jan 22Global Leader In Gold Seeks To Dig Out Copper Niche
Jan 09Is Newmont (NYSE:NEM) A Risky Investment?
Jan 04Gold Is My Highest Conviction Pick For 2024: Consider Newmont Stock
Jan 02Newmont Corporation's (NYSE:NEM) Intrinsic Value Is Potentially 44% Above Its Share Price
Dec 14Newmont: Brighter Macro Conditions, Better Technical Factors Warrant An Upgrade
Nov 27Newmont: An Opportunity To Buy At The Deepest Discount In Years
Oct 26These 4 Measures Indicate That Newmont (NYSE:NEM) Is Using Debt Reasonably Well
Oct 06CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | US$12m | US$1m | -US$3b |
| Sep 30 2023 | n/a | n/a | -US$839m |
| Jun 30 2023 | n/a | n/a | -US$778m |
| Mar 31 2023 | n/a | n/a | -US$552m |
| Dec 31 2022 | US$14m | US$1m | -US$459m |
| Sep 30 2022 | n/a | n/a | US$968m |
| Jun 30 2022 | n/a | n/a | US$742m |
| Mar 31 2022 | n/a | n/a | US$1b |
| Dec 31 2021 | US$13m | US$1m | US$1b |
| Sep 30 2021 | n/a | n/a | US$2b |
| Jun 30 2021 | n/a | n/a | US$3b |
| Mar 31 2021 | n/a | n/a | US$2b |
| Dec 31 2020 | US$12m | US$1m | US$3b |
| Sep 30 2020 | n/a | n/a | US$2b |
| Jun 30 2020 | n/a | n/a | US$4b |
| Mar 31 2020 | n/a | n/a | US$4b |
| Dec 31 2019 | US$7m | US$918k | US$3b |
| Sep 30 2019 | n/a | n/a | US$2b |
| Jun 30 2019 | n/a | n/a | -US$50m |
| Mar 31 2019 | n/a | n/a | US$223m |
| Dec 31 2018 | US$5m | US$779k | US$280m |
| Sep 30 2018 | n/a | n/a | -US$266m |
| Jun 30 2018 | n/a | n/a | US$108m |
| Mar 31 2018 | n/a | n/a | US$24m |
| Dec 31 2017 | US$6m | US$750k | -US$76m |
Compensation vs Market: Tom's total compensation ($USD11.75M) is about average for companies of similar size in the US market ($USD13.41M).
Compensation vs Earnings: Tom's compensation has been consistent with company performance over the past year.
CEO
Tom Palmer (55 yo)
5.4yrs
Tenure
US$11,747,104
Compensation
Mr. Thomas Ronald Palmer, also known as Tom, has been Chief Executive Officer and Director of Newmont Corporation (formerly, Newmont Goldcorp Corporation) since October 1, 2019 and has been its President s...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.4yrs | US$11.75m | 0.030% $ 13.3m | |
| Executive VP & COO | no data | US$4.44m | 0.0078% $ 3.5m | |
| Executive VP & Chief Development Officer | 1.8yrs | US$3.09m | 0.0017% $ 737.9k | |
| Acting VP | 1.5yrs | no data | 0.0019% $ 849.1k | |
| Executive VP | less than a year | no data | 0.0069% $ 3.1m | |
| Group Head of Investor Relations | no data | no data | no data | |
| Executive VP & Chief Legal Officer | less than a year | no data | no data | |
| Executive VP & Chief People Officer | 4.5yrs | no data | 0.0058% $ 2.6m | |
| Managing Director of Papua New Guinea | less than a year | no data | no data | |
| Executive VP | less than a year | no data | 0.0034% $ 1.5m | |
| Head of External Communications | less than a year | no data | no data | |
| VP, Associate General Counsel & Corporate Secretary | 9.1yrs | no data | no data |
1.2yrs
Average Tenure
52yo
Average Age
Experienced Management: NEM's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 4.5yrs | US$11.75m | 0.030% $ 13.3m | |
| Independent Director | 4yrs | US$315.00k | 0% $ 0 | |
| Independent Director | 3.6yrs | US$315.00k | 0% $ 0 | |
| Senior Independent Director | 12.5yrs | US$348.75k | 0.0022% $ 960.2k | |
| Independent Chairman of the Board | 8.5yrs | US$615.00k | 0% $ 0 | |
| Independent Director | 6yrs | US$315.00k | 0% $ 0 | |
| Independent Director | 8.5yrs | US$340.00k | 0% $ 0 | |
| Independent Director | 2.3yrs | US$315.00k | 0% $ 0 | |
| Independent Director | 2.3yrs | US$315.00k | 0% $ 0 | |
| Independent Director | 12.5yrs | US$342.50k | 0% $ 0 | |
| Independent Director | 3yrs | US$315.00k | 0% $ 0 | |
| Independent Director | 3yrs | US$315.00k | 0% $ 0 |
4.3yrs
Average Tenure
62.5yo
Average Age
Experienced Board: NEM's board of directors are considered experienced (4.3 years average tenure).