Procore Technologies Management
Management criteria checks 2/4
Procore Technologies' CEO is Tooey Courtemanche, appointed in Jan 2002, has a tenure of 22.25 years. total yearly compensation is $13.86M, comprised of 3.7% salary and 96.3% bonuses, including company stock and options. directly owns 2.51% of the company’s shares, worth $258.34M. The average tenure of the management team and the board of directors is 1.7 years and 4.2 years respectively.
Key information
Tooey Courtemanche
Chief executive officer
US$13.9m
Total compensation
| CEO salary percentage | 3.7% |
| CEO tenure | 22.3yrs |
| CEO ownership | 2.5% |
| Management average tenure | 1.7yrs |
| Board average tenure | 4.2yrs |
Recent management updates
Recent updates
Procore Technologies: A Promising Founder-Led Company With Large Opportunity
Apr 06Procore: A Fintech-Infused Growth Story
Feb 27Procore Technologies: Cashing In On Potential Infrastructure Gold Rush
Feb 20Revenues Tell The Story For Procore Technologies, Inc. (NYSE:PCOR)
Feb 19
Procore Technologies, Inc. (NYSE:PCOR) Shares Could Be 38% Below Their Intrinsic Value Estimate
Jan 23Procore: The Economy Is Cooling But Construction Spend Is Growing And Procore's Profitability Is Rising
Dec 06Procore: Long-Term Outlook Remains Fine
Nov 20Market Participants Recognise Procore Technologies, Inc.'s (NYSE:PCOR) Revenues
Nov 06Procore Technologies, Inc.'s (NYSE:PCOR) Intrinsic Value Is Potentially 40% Above Its Share Price
Oct 02Procore Technologies Sees Pockets Of Caution And Operating Losses Remain High
Sep 29Procore Technologies: Attractive Growth Potential, But Concerns Remain
Jul 22Procore Technologies, Inc. Sustains Momentum, Amplifying Its Construction Network's Reach And Scale
Jul 03We're Not Worried About Procore Technologies' (NYSE:PCOR) Cash Burn
Jun 20Procore Technologies: Pulled Forward Profitability Timeline
Jun 12A Look At The Fair Value Of Procore Technologies, Inc. (NYSE:PCOR)
May 03Procore Technologies Q4 2022 Earnings Preview
Feb 15Procore: A Market Leader In Construction Software That Has Been Outperforming Peers
Feb 09Procore Technologies: Not Solid Enough To Build Upon
Jan 26Procore Technologies Produces Growth Amid Higher Operating Losses
Nov 02Procore Technologies: Architectural Billings Data Is Positive For 2022, But Watch Losses
Oct 15Quickbase and Procore join hands for business-led innovation
Sep 14Are Investors Undervaluing Procore Technologies, Inc. (NYSE:PCOR) By 38%?
Aug 16CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | n/a | n/a | -US$190m |
| Sep 30 2023 | n/a | n/a | -US$231m |
| Jun 30 2023 | n/a | n/a | -US$259m |
| Mar 31 2023 | n/a | n/a | -US$279m |
| Dec 31 2022 | US$14m | US$518k | -US$287m |
| Sep 30 2022 | n/a | n/a | -US$267m |
| Jun 30 2022 | n/a | n/a | -US$246m |
| Mar 31 2022 | n/a | n/a | -US$323m |
| Dec 31 2021 | US$11m | US$460k | -US$265m |
| Sep 30 2021 | n/a | n/a | -US$264m |
| Jun 30 2021 | n/a | n/a | -US$230m |
| Mar 31 2021 | n/a | n/a | -US$94m |
| Dec 31 2020 | US$14m | US$313k | -US$96m |
| Dec 31 2019 | US$3m | US$250k | -US$83m |
Compensation vs Market: Tooey's total compensation ($USD13.86M) is about average for companies of similar size in the US market ($USD13.51M).
Compensation vs Earnings: Tooey's compensation has increased whilst the company is unprofitable.
CEO
Tooey Courtemanche (55 yo)
22.3yrs
Tenure
US$13,856,916
Compensation
Mr. Craig F. Courtemanche, Jr., also known as Tooey, founded Procore Technologies, Inc. in 2002 and has been its Chief Executive Officer and Director since January 2002. He serves as Chairman at Procore Te...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 22.3yrs | US$13.86m | 2.51% $ 258.3m | |
| President of Product & Technology | 1.7yrs | US$12.96m | 0% $ 0 | |
| Chief Legal Officer & Corporate Secretary | 5yrs | US$3.45m | 0.011% $ 1.2m | |
| President of Fintech | less than a year | US$8.20m | 0.18% $ 18.5m | |
| Chief Data Officer | 1.3yrs | US$8.08m | 0.024% $ 2.5m | |
| CFO & Treasurer | less than a year | no data | 0.029% $ 3.0m | |
| SVP, Corporate Controller & Principal Accounting Officer | 5.8yrs | no data | 0.026% $ 2.7m | |
| Vice President of Investor Relations | no data | no data | no data | |
| Senior Vice President of Global Sales | 2.3yrs | no data | no data | |
| Chief Marketing Officer | 1.2yrs | no data | no data | |
| Chief People Officer | 1.4yrs | no data | no data | |
| Chief Culture Officer | 4.4yrs | US$434.69k | no data |
1.7yrs
Average Tenure
47.5yo
Average Age
Experienced Management: PCOR's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 22.3yrs | US$13.86m | 2.51% $ 258.3m | |
| Independent Non-Executive Director | 19.9yrs | US$242.37k | 1.04% $ 106.8m | |
| Lead Independent Director | 4.2yrs | US$275.37k | 0.029% $ 3.0m | |
| Non-Executive Director | 9.1yrs | no data | 1.25% $ 128.9m | |
| Independent Non-Executive Director | 4.1yrs | US$251.67k | 0.038% $ 3.9m | |
| Independent Non-Executive Director | 3yrs | US$242.37k | 0.013% $ 1.3m | |
| Independent Director | 4.2yrs | US$269.87k | 0.035% $ 3.7m | |
| Independent Non-Executive Director | 9.8yrs | US$39.30k | 0.12% $ 12.0m | |
| Independent Director | 2.3yrs | US$42.50k | 0.0037% $ 379.2k |
4.2yrs
Average Tenure
55.5yo
Average Age
Experienced Board: PCOR's board of directors are considered experienced (4.2 years average tenure).