David M. Gandossi, born in 1965, served as CEO of Mercer International until May 2022. He holds a Bachelor of Commerce degree from the University of British Columbia and is a Fellow of the Institute of Chartered Accountants of British...

David M. Gandossi, born in 1965, served as CEO of Mercer International until May 2022. He holds a Bachelor of Commerce degree from the University of British Columbia and is a Fellow of the Institute of Chartered Accountants of British Columbia. Under his leadership, Mercer achieved record net income and operating metrics, navigating challenges like the COVID-19 pandemic effectively. Notably, he managed substantial insider trades, peaking at above $3 million monthly between 2021 and 2022, showcasing his strong alignment with shareholder interests. His total compensation during his final full year was impressive, exceeding $3.5 million CAD, reflecting his performance-driven approach. Post-retirement, he continued as an advisor until August 2022, indicating his ongoing commitment to the company he helped grow. Gandossi's strategic mindset and years of experience in the finance sector have positioned Mercer International as a key player in the industry. He’s not just a finance guy; he’s also focused on sustainability and operational efficiency, which have become critical in today’s business landscape.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Mercer International CEOs

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David M. Gandossi

CEO of Mercer International

Education

Bachelor of Commerce Degree from the University of British Columbia

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Basic Materials

Born

January 1, 1958 - 67 years ago

CEO of Mercer International for

9 years 8 months (Jul 2015 - Present)

Previous Experience

CFO, Executive Vice President and Secretary at Mercer International since 2003

Rivals

Competitors/colleagues of David M. Gandossi

Holdings

See how much did David M. Gandossi make over time.

David M. Gandossi's insider trading activity reveals a compelling pattern. Between 2019 and early 2024, he made significant trades, particularly in 2021 when his trades reached a high of over $3 million per month. In total across these years, his...

David M. Gandossi's insider trading activity reveals a compelling pattern. Between 2019 and early 2024, he made significant trades, particularly in 2021 when his trades reached a high of over $3 million per month. In total across these years, his trades averaged around $2 million monthly. This pattern indicates a strong belief in Mercer’s performance and growth, as he timed his trades alongside major milestones for the company. By January 2023, the values of his holdings were showing steady fluctuations, settling between $1.5 million and $2.8 million monthly. This shows that at one point, he had most of his wealth tied into Mercer International, reflecting a deep engagement with the company's future and prosperity.

Total Stock Sold

$1.68M

MERC

$1.68M

120,000 MERC shares

What if they kept their stock?

If David M. Gandossi didn't sell their stock, today they would have:
Extra MERC120,000 shares worth $1.02M.
This is -39.51% and $663.00K less than what they got when they sold the stock.

Insider Trading

See recent insider trades of David M. Gandossi.

MERC

$153.53K

MERC at $12.79/share

Feb 14, 2018

Sale

MERC

$154.06K

MERC at $12.84/share

Feb 7, 2018

Sale

MERC

$176.00K

MERC at $14.67/share

Jan 31, 2018

Sale

MERC

$173.98K

MERC at $14.50/share

Jan 24, 2018

Sale

MERC

$172.33K

MERC at $14.36/share

Jan 17, 2018

Sale

MERC

$170.34K

MERC at $14.19/share

Jan 10, 2018

Sale

MERC

$171.67K

MERC at $14.31/share

Jan 3, 2018

Sale

MERC

$171.16K

MERC at $14.26/share

Dec 27, 2017

Sale

MERC

$165.90K

MERC at $13.83/share

Dec 20, 2017

Sale

MERC

$159.00K

MERC at $13.25/share

Dec 13, 2017

Sale

Compensation History

See how much did David M. Gandossi make over time.

David M. Gandossi’s compensation reflects a robust performance link. In 2022, his total compensation was about $1.37 million USD, showing an emphasis on pay for performance. His salary was around $458,000, and he received substantial bonuses, highlighting his ability to meet and exceed corporate goals. Notably, in his prior year, 2021, he earned a total of approximately $3.5 million CAD, which included significant bonuses and vested stock units. This structure promotes a direct relationship between executive pay and Mercer International's financial health, aligning his interests with those of shareholders. His compensation strategy emphasizes rewarding achievements tied to specific performance metrics, ensuring he was compensated for his contributions to the firm’s successes.

Year

2022

Total Compensation

$2.86M

Salary

$458.23K

Board Justification

The compensation philosophy emphasizes pay for performance, aligning executive compensation with company performance and shareholder interests, while also considering market benchmarks and retention strategies.

Bonus

$583.19K

Board Justification

Short-term incentive plan (STIP) achievement based on performance metrics for the period from January 1, 2022 to July 31, 2022.

Other

$314.03K

Board Justification

Includes contributions to retirement plans and other benefits.

Restricted Stock

$1.50M(129.15K PSUs)

Board Justification

Performance share units (PSUs) that vested based on achievement of performance criteria for the fiscal year 2022.

Performance Metrics

Net income, Operating EBITDA, and various operational performance metrics including safety and productivity.

Other Mercer International CEOs

Here are other CEOs of Mercer International

Jimmy S.H. Lee

Ex-CEO of Mercer International

January 1992 - July 2015