Genco Shipping & Trading Management
Management criteria checks 2/4
Genco Shipping & Trading's CEO is John Wobensmith, appointed in Dec 2014, has a tenure of 2.58 years. total yearly compensation is $4.95M, comprised of 13.8% salary and 86.2% bonuses, including company stock and options. directly owns 1.01% of the company’s shares, worth $6.22M. The average tenure of the management team and the board of directors is 4.8 years and 7.2 years respectively.
Key information
John Wobensmith
Chief executive officer
US$4.9m
Total compensation
| CEO salary percentage | 13.8% |
| CEO tenure | 9yrs |
| CEO ownership | 1.0% |
| Management average tenure | 4.8yrs |
| Board average tenure | 7.2yrs |
Recent management updates
Recent updates
Genco Shipping: A Fine Hold, No Need To Rush
Dec 07Genco Shipping Is Still A Great Value Play
Oct 11Genco Shipping: Fuel Risks Are Still Outweighed By The Management's Competence
Oct 04Genco Shipping: Some Risk But Great Potential
Aug 18Analysts Have Just Cut Their Genco Shipping & Trading Limited (NYSE:GNK) Revenue Estimates By 11%
Aug 07
Genco Shipping: Yield Of 13% And Improving Prospects
Jun 12Genco Shipping: Dividends Likely To Stay Strong Despite Challenging Market
May 31Is There Now An Opportunity In Genco Shipping & Trading Limited (NYSE:GNK)?
May 03Genco Shipping & Trading (NYSE:GNK) Is Experiencing Growth In Returns On Capital
Apr 14Genco Shipping: Dividend Play With Upside Potential
Feb 21Genco Shipping: Pause The Optimism Here - Potential Volatility Ahead
Feb 15We Think Genco Shipping & Trading (NYSE:GNK) Can Manage Its Debt With Ease
Jan 21Is Now The Time To Look At Buying Genco Shipping & Trading Limited (NYSE:GNK)?
Dec 26Genco Shipping: 18% Yield, Low Debt, Low Breakeven
Dec 09Genco Shipping: Still A Buy Despite The 33% Recovery - Yields Above 4Y Average
Nov 16Genco Shipping: Potential 44.5% Annualized Return
Oct 18Here's Why Genco Shipping & Trading (NYSE:GNK) Can Manage Its Debt Responsibly
Sep 28Genco Shipping: The Dividend Yields Could Move Much Higher - It's Time To Board
Sep 14Genco Shipping Stock: Why You Should Get On Board At Current Levels
Aug 31Investors Should Be Encouraged By Genco Shipping & Trading's (NYSE:GNK) Returns On Capital
Aug 31Genco Shipping: 11% Yield, Low Debt, Higher Dividends Ahead
Aug 12Genco Shipping slides after second quarter earnings, TCE outlook
Aug 04Genco Shipping: New Dividend Policy In Full Swing (Podcast Transcript)
Jul 26Is Genco Shipping & Trading Limited (NYSE:GNK) Potentially Undervalued?
Jul 05Genco: Solid Dividends And Balance Sheet
Jun 26Genco Shipping: 12% Yield, Low Debt, Very Strong Earnings
Jun 05Does Genco Shipping & Trading (NYSE:GNK) Have A Healthy Balance Sheet?
Apr 28Genco Shipping: A High Yielding Solid Buy
Apr 16Returns On Capital Are Showing Encouraging Signs At Genco Shipping & Trading (NYSE:GNK)
Apr 09Genco Shipping: Preparing For Large Dividends In Dry Bulk (Podcast Transcript)
Feb 03Why Genco Shipping & Trading Limited (NYSE:GNK) Could Be Worth Watching
Jan 30Genco Shipping: Smart Pick For Investors Timing A Rebound In Dry Bulk Shipping Stocks
Jan 25Valuing Genco Shipping Using The Baltic Dry Index
Oct 19Genco Shipping & Trading (NYSE:GNK) Is Experiencing Growth In Returns On Capital
Sep 21Analysts Just Made A Neat Upgrade To Their Genco Shipping & Trading Limited (NYSE:GNK) Forecasts
Aug 07CEO Compensation Analysis
| Date | Total Comp. | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2023 | n/a | n/a | US$11m |
| Jun 30 2023 | n/a | n/a | US$84m |
| Mar 31 2023 | n/a | n/a | US$120m |
| Dec 31 2022 | US$5m | US$685k | US$159m |
| Sep 30 2022 | n/a | n/a | US$221m |
| Jun 30 2022 | n/a | n/a | US$237m |
| Mar 31 2022 | n/a | n/a | US$222m |
| Dec 31 2021 | US$3m | US$650k | US$182m |
| Sep 30 2021 | n/a | n/a | US$25m |
| Jun 30 2021 | n/a | n/a | -US$53m |
| Mar 31 2021 | n/a | n/a | -US$103m |
| Dec 31 2020 | US$2m | US$650k | -US$226m |
| Sep 30 2020 | n/a | n/a | -US$159m |
| Jun 30 2020 | n/a | n/a | -US$152m |
| Mar 31 2020 | n/a | n/a | -US$169m |
| Dec 31 2019 | US$2m | US$650k | -US$56m |
| Sep 30 2019 | n/a | n/a | -US$39m |
| Jun 30 2019 | n/a | n/a | -US$18m |
| Mar 31 2019 | n/a | n/a | US$15m |
| Dec 31 2018 | US$2m | US$650k | -US$33m |
| Sep 30 2018 | n/a | n/a | -US$49m |
| Jun 30 2018 | n/a | n/a | -US$86m |
| Mar 31 2018 | n/a | n/a | -US$99m |
| Dec 31 2017 | US$5m | US$650k | -US$59m |
| Sep 30 2017 | n/a | n/a | -US$86m |
| Jun 30 2017 | n/a | n/a | -US$83m |
| Mar 31 2017 | n/a | n/a | -US$179m |
| Dec 31 2016 | US$1m | US$600k | -US$218m |
Compensation vs Market: John's total compensation ($USD4.95M) is above average for companies of similar size in the US market ($USD3.46M).
Compensation vs Earnings: John's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
John Wobensmith (53 yo)
9yrs
Tenure
US$4,949,522
Compensation
Mr. John C. Wobensmith serves as Director at Genco Shipping & Trading Limited since May 29, 2021. He has been the President of Genco Shipping & Trading Limited since December 19, 2014, its Chief Executive...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President | 9yrs | US$4.95m | 1.01% $ 6.2m | |
| Chief Accounting Officer | 13.7yrs | US$946.76k | 0.026% $ 158.7k | |
| Chief Financial Officer | less than a year | no data | 0.066% $ 402.8k | |
| Chief Commercial Officer | less than a year | no data | 0.069% $ 421.0k |
4.8yrs
Average Tenure
45yo
Average Age
Experienced Management: GNK's management team is considered experienced (4.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President | 2.6yrs | US$4.95m | 1.01% $ 6.2m | |
| Independent Director | 6.6yrs | US$350.38k | no data | |
| Independent Chairman | 9.4yrs | US$573.17k | no data | |
| Director | 7.8yrs | US$234.51k | 0.23% $ 1.4m | |
| Independent Director | 8.4yrs | US$413.01k | 0.0017% $ 10.7k | |
| Independent Director | 2.8yrs | US$219.06k | no data |
7.2yrs
Average Tenure
58yo
Average Age
Experienced Board: GNK's board of directors are considered experienced (7.2 years average tenure).