Procore Technologies Management
Management criteria checks 3/4
Procore Technologies' CEO is Tooey Courtemanche, appointed in Jan 2002, has a tenure of 22.83 years. total yearly compensation is $12.92M, comprised of 4.2% salary and 95.8% bonuses, including company stock and options. directly owns 2.34% of the company’s shares, worth $243.84M. The average tenure of the management team and the board of directors is 1.8 years and 4.8 years respectively.
Key information
Tooey Courtemanche
Chief executive officer
US$12.9m
Total compensation
| CEO salary percentage | 4.2% |
| CEO tenure | 22.8yrs |
| CEO ownership | 2.3% |
| Management average tenure | 1.8yrs |
| Board average tenure | 4.8yrs |
Recent management updates
Recent updates
Procore Technologies: Sales Force Expansion And International Expansion, Buy
Nov 19Is There An Opportunity With Procore Technologies, Inc.'s (NYSE:PCOR) 37% Undervaluation?
Nov 03
Procore Technologies: Strong Growth, Expanding Margins, And Relative Undervaluation
Oct 04What Procore Technologies, Inc.'s (NYSE:PCOR) P/S Is Not Telling You
Sep 29Procore: My Pick For An IT Stock Whose Business Can Recover As Interest Rates Start To Fall
Sep 25Procore Technologies: Opportunity For The Long-Term
Aug 17Procore Technologies: Well-Positioned To Benefit From The Construction Industry Digitization Trend
Jul 05Investors Appear Satisfied With Procore Technologies, Inc.'s (NYSE:PCOR) Prospects
Jun 28Shareholders May Not Be So Generous With Procore Technologies, Inc.'s (NYSE:PCOR) CEO Compensation And Here's Why
May 31Baron Funds - Procore Technologies: Large And Growing TAM Provides A Long Runway
May 03Procore Technologies, Inc.'s (NYSE:PCOR) Intrinsic Value Is Potentially 77% Above Its Share Price
May 02Procore 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 19Procore 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 12CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | -US$73m |
| Jun 30 2024 | n/a | n/a | -US$91m |
| Mar 31 2024 | n/a | n/a | -US$137m |
| Dec 31 2023 | US$13m | US$545k | -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$83m |
Compensation vs Market: Tooey's total compensation ($USD12.92M) is about average for companies of similar size in the US market ($USD12.74M).
Compensation vs Earnings: Tooey's compensation has been consistent with company performance over the past year.
CEO
Tooey Courtemanche (56 yo)
22.8yrs
Tenure
US$12,918,339
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 | 22.8yrs | US$12.92m | 2.34% $ 243.8m | |
| CFO & Treasurer | 1.5yrs | US$5.59m | 0.034% $ 3.6m | |
| President of Product & Technology | 2.3yrs | US$3.59m | 0.0030% $ 313.4k | |
| Chief Legal Officer & Corporate Secretary | 5.6yrs | US$3.91m | 0.0067% $ 695.5k | |
| President of Fintech | 1.5yrs | US$5.58m | 0.11% $ 11.0m | |
| Chief Data Officer | 1.8yrs | US$2.34m | 0.0049% $ 513.3k | |
| SVP, Corporate Controller & Principal Accounting Officer | 6.4yrs | no data | 0.021% $ 2.2m | |
| Vice President of Investor Relations | no data | no data | no data | |
| Chief Marketing Officer | 1.8yrs | no data | no data | |
| Chief People Officer | less than a year | no data | no data | |
| Chief Experience Officer | 5yrs | US$434.69k | no data | |
| Chief Product Officer | 1.8yrs | no data | no data |
1.8yrs
Average Tenure
48.5yo
Average Age
Experienced Management: PCOR's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 22.8yrs | US$12.92m | 2.34% $ 243.8m | |
| Independent Non-Executive Director | 20.5yrs | US$280.17k | 0.90% $ 93.9m | |
| Lead Independent Director | 4.8yrs | US$275.37k | 0.029% $ 3.1m | |
| Non-Executive Director | 9.7yrs | no data | 1.65% $ 172.0m | |
| Independent Non-Executive Director | 4.7yrs | US$289.47k | 0.038% $ 3.9m | |
| Independent Non-Executive Director | 3.6yrs | US$280.17k | 0.014% $ 1.5m | |
| Independent Director | 4.8yrs | US$287.67k | 0.036% $ 3.7m | |
| Independent Non-Executive Director | 10.4yrs | US$9.83k | 0.15% $ 16.0m | |
| Independent Director | 2.9yrs | US$277.67k | 0.0060% $ 623.7k |
4.8yrs
Average Tenure
56.5yo
Average Age
Experienced Board: PCOR's board of directors are considered experienced (4.8 years average tenure).