Westlake Management
Management criteria checks 4/4
Westlake's CEO is Albert Chao, appointed in May 1996, has a tenure of 27.92 years. total yearly compensation is $11.97M, comprised of 10.5% salary and 89.5% bonuses, including company stock and options. directly owns 0.86% of the company’s shares, worth $165.20M. The average tenure of the management team and the board of directors is 12.3 years and 6.3 years respectively.
Key information
Albert Chao
Chief executive officer
US$12.0m
Total compensation
| CEO salary percentage | 10.5% |
| CEO tenure | 27.9yrs |
| CEO ownership | 0.9% |
| Management average tenure | 12.3yrs |
| Board average tenure | 6.3yrs |
Recent management updates
Recent updates
Is Westlake (NYSE:WLK) Using Too Much Debt?
Apr 05
Estimating The Fair Value Of Westlake Corporation (NYSE:WLK)
Mar 18Little Excitement Around Westlake Corporation's (NYSE:WLK) Earnings
Feb 05Westlake Corp. And Its Real Value
Dec 18Calculating The Fair Value Of Westlake Corporation (NYSE:WLK)
Dec 12Is Westlake (NYSE:WLK) Using Too Much Debt?
Nov 24Is Now The Time To Look At Buying Westlake Corporation (NYSE:WLK)?
Nov 05Westlake Corporation: Executing Well Under Tough Economic Conditions
Oct 23An Intrinsic Calculation For Westlake Corporation (NYSE:WLK) Suggests It's 41% Undervalued
Sep 08Westlake: Why The Company Is Overvalued Here
Aug 22We Think Westlake (NYSE:WLK) Can Stay On Top Of Its Debt
Aug 18Westlake's (NYSE:WLK) Dividend Will Be Increased To $0.50
Aug 18Is It Too Late To Consider Buying Westlake Corporation (NYSE:WLK)?
Jul 31Westlake Corporation: Deep Value For Long-Term Investors
Jun 09Are Investors Undervaluing Westlake Corporation (NYSE:WLK) By 35%?
Jun 05These 4 Measures Indicate That Westlake (NYSE:WLK) Is Using Debt Reasonably Well
Apr 29Is Now An Opportune Moment To Examine Westlake Corporation (NYSE:WLK)?
Apr 11An Intrinsic Calculation For Westlake Corporation (NYSE:WLK) Suggests It's 27% Undervalued
Feb 20Westlake Corporation declares $0.357 dividend
Feb 17Here's Why Westlake (NYSE:WLK) Has Caught The Eye Of Investors
Feb 03We Think Westlake (NYSE:WLK) Can Stay On Top Of Its Debt
Jan 19Westlake Chemicals: Better Than I Thought, But Still A 'Hold' For 2023
Jan 13Is Now The Time To Look At Buying Westlake Corporation (NYSE:WLK)?
Jan 04Westlake Corporation declares $0.357 dividend
Nov 11Westlake Corporation: Shares Priced Cheaply With Momentum Ahead Of Earnings Thursday
Nov 02If EPS Growth Is Important To You, Westlake (NYSE:WLK) Presents An Opportunity
Oct 29Westlake, MillerKnoll jump postmarket on index changes
Oct 13Westlake (NYSE:WLK) Has A Pretty Healthy Balance Sheet
Oct 11What Does Westlake Corporation's (NYSE:WLK) Share Price Indicate?
Sep 23Westlake: Better Living Through Chemicals
Aug 21Westlake (NYSE:WLK) Is Increasing Its Dividend To $0.357
Aug 18Westlake Corporation raises dividend by 20% to $0.357
Aug 13With EPS Growth And More, Westlake (NYSE:WLK) Makes An Interesting Case
Jul 18Is Westlake (NYSE:WLK) Using Too Much Debt?
Jun 30Westlake: Despite Expected Slowdown, Stock Is Priced At 10x FCF
Jun 09At US$133, Is Westlake Corporation (NYSE:WLK) Worth Looking At Closely?
Jun 07Westlake Chemical: A Record Q1 And A 58.6% Dividend Boost
May 04Westlake (NYSE:WLK) Could Easily Take On More Debt
Mar 21CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | US$12m | US$1m | US$476m |
| Sep 30 2023 | n/a | n/a | US$1b |
| Jun 30 2023 | n/a | n/a | US$1b |
| Mar 31 2023 | n/a | n/a | US$2b |
| Dec 31 2022 | US$12m | US$1m | US$2b |
| Sep 30 2022 | n/a | n/a | US$3b |
| Jun 30 2022 | n/a | n/a | US$3b |
| Mar 31 2022 | n/a | n/a | US$3b |
| Dec 31 2021 | US$10m | US$1m | US$2b |
| Sep 30 2021 | n/a | n/a | US$1b |
| Jun 30 2021 | n/a | n/a | US$930m |
| Mar 31 2021 | n/a | n/a | US$425m |
| Dec 31 2020 | US$11m | US$1m | US$329m |
| Sep 30 2020 | n/a | n/a | US$288m |
| Jun 30 2020 | n/a | n/a | US$388m |
| Mar 31 2020 | n/a | n/a | US$493m |
| Dec 31 2019 | US$11m | US$1m | US$419m |
| Sep 30 2019 | n/a | n/a | US$469m |
| Jun 30 2019 | n/a | n/a | US$619m |
| Mar 31 2019 | n/a | n/a | US$777m |
| Dec 31 2018 | US$9m | US$1m | US$991m |
| Sep 30 2018 | n/a | n/a | US$2b |
| Jun 30 2018 | n/a | n/a | US$2b |
| Mar 31 2018 | n/a | n/a | US$1b |
| Dec 31 2017 | US$9m | US$1m | US$1b |
Compensation vs Market: Albert's total compensation ($USD11.97M) is about average for companies of similar size in the US market ($USD13.52M).
Compensation vs Earnings: Albert's compensation has been consistent with company performance over the past year.
CEO
Albert Chao (73 yo)
27.9yrs
Tenure
US$11,971,486
Compensation
Mr. Albert Yuan Chao serves as the Chief Executive Officer, President and Managing Director of Vinnolit GmbH & Co. KG. Mr. Chao has been President, Chief Executive Officer and Director of Westlake Chemical...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | 20.8yrs | US$7.65m | 0.035% $ 6.8m | |
| President | 27.9yrs | US$11.97m | 0.86% $ 165.2m | |
| Executive VP & CFO | 17.2yrs | US$5.67m | 0.056% $ 10.8m | |
| Executive VP of Performance & Essential Materials | 10.5yrs | US$6.07m | 0.10% $ 19.4m | |
| Executive Vice President of Housing | 14yrs | US$4.79m | 0.016% $ 3.2m | |
| VP & Chief Accounting Officer | 4.1yrs | no data | 0.0034% $ 661.1k | |
| Vice President of Corporate Development & Sustainability | no data | no data | no data | |
| Senior Vice President of Operations | 2.1yrs | no data | 0.0094% $ 1.8m | |
| VP & Treasurer | no data | no data | no data |
12.3yrs
Average Tenure
66yo
Average Age
Experienced Management: WLK's management team is seasoned and experienced (12.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | 20.8yrs | US$7.65m | 0.035% $ 6.8m | |
| President | 20.8yrs | US$11.97m | 0.86% $ 165.2m | |
| Independent Director | 5.9yrs | US$292.17k | 0.0057% $ 1.1m | |
| Independent Director | 3.9yrs | US$267.17k | 0.0073% $ 1.4m | |
| Independent Director | 10.9yrs | US$287.17k | 0.015% $ 2.8m | |
| Independent Director | 6.3yrs | US$267.17k | 0.0082% $ 1.6m | |
| Independent Director | 10.9yrs | US$282.17k | 0.015% $ 2.8m | |
| Independent Director | 6.3yrs | US$282.17k | 0.0082% $ 1.6m | |
| Director | 6.3yrs | US$267.17k | 0.0079% $ 1.5m | |
| Director | 5.7yrs | no data | 0.0060% $ 1.2m | |
| Director | less than a year | US$376.71k | 0.0016% $ 299.8k | |
| Director | less than a year | US$376.71k | no data |
6.3yrs
Average Tenure
60.5yo
Average Age
Experienced Board: WLK's board of directors are considered experienced (6.3 years average tenure).