Seritage Growth Properties Management
Management criteria checks 3/4
Seritage Growth Properties' CEO is Andrea Olshan, appointed in Mar 2021, has a tenure of 3.17 years. total yearly compensation is $2.40M, comprised of 41.6% salary and 58.4% bonuses, including company stock and options. directly owns 0.28% of the company’s shares, worth $1.49M. The average tenure of the management team and the board of directors is 3.1 years and 2.2 years respectively.
Key information
Andrea Olshan
Chief executive officer
US$2.4m
Total compensation
| CEO salary percentage | 41.6% |
| CEO tenure | 3.2yrs |
| CEO ownership | 0.3% |
| Management average tenure | 3.1yrs |
| Board average tenure | 2.2yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | US$2m | US$1m | -US$160m |
| Sep 30 2023 | n/a | n/a | -US$71m |
| Jun 30 2023 | n/a | n/a | -US$74m |
| Mar 31 2023 | n/a | n/a | -US$89m |
| Dec 31 2022 | US$4m | US$1m | -US$79m |
| Sep 30 2022 | n/a | n/a | -US$98m |
| Jun 30 2022 | n/a | n/a | -US$115m |
| Mar 31 2022 | n/a | n/a | -US$78m |
| Dec 31 2021 | US$6m | US$785k | -US$33m |
Compensation vs Market: Andrea's total compensation ($USD2.40M) is about average for companies of similar size in the US market ($USD2.41M).
Compensation vs Earnings: Andrea's compensation has been consistent with company performance over the past year.
CEO
Andrea Olshan (42 yo)
3.2yrs
Tenure
US$2,404,615
Compensation
Ms. Andrea L. Olshan has been Chief Executive Officer, President and Director of Seritage Growth Properties since March 16, 2021. Ms. Olshan was the Chief Executive Officer of Olshan Properties and respons...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 3.2yrs | US$2.40m | 0.28% $ 1.5m | |
| Interim Chief Financial Officer | 2.3yrs | no data | no data | |
| Chief Operating Officer | 2.4yrs | US$1.46m | 0.055% $ 291.1k | |
| Chief Legal Officer & Corporate Secretary | 3.1yrs | US$1.55m | 0.10% $ 547.3k | |
| Senior Vice President of Development | no data | no data | no data | |
| Senior VP & Real Estate Counsel | 5.6yrs | no data | no data |
3.1yrs
Average Tenure
44yo
Average Age
Experienced Management: SRG.PRA's management team is considered experienced (3.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 3.2yrs | US$2.40m | 0.28% $ 1.5m | |
| Independent Chairman | 2.2yrs | US$175.00k | no data | |
| Independent Trustee | 2.1yrs | US$140.00k | no data | |
| Independent Trustee | 5.1yrs | US$125.00k | 0.0097% $ 50.9k | |
| Independent Trustee | 8.8yrs | US$155.00k | 0.0046% $ 24.3k | |
| Independent Trustee | 2.1yrs | US$140.00k | no data | |
| Independent Trustee | 2.1yrs | US$125.00k | no data |
2.2yrs
Average Tenure
62yo
Average Age
Experienced Board: SRG.PRA's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.