Paul A. Novelly has been a prominent figure in the oil and chemical industries for decades. He served as the CEO of FutureFuel Corporation from 2013 until his retirement in July 2022, after leading the company since its inception in...

Paul A. Novelly has been a prominent figure in the oil and chemical industries for decades. He served as the CEO of FutureFuel Corporation from 2013 until his retirement in July 2022, after leading the company since its inception in 2005. With a background in business administration, Novelly has a strong grasp of strategy and operations. He is also known for his role as chairman and CEO of Apex Oil Company, Inc., where he has overseen trading, storage, and transportation of petroleum products. Remarkably, he holds significant ownership stakes, managing over 40% of FutureFuel's shares through various entities, showing his deep commitment to his companies. During his time at FutureFuel, his compensation reflected strategic decisions rather than traditional salary structures, emphasizing the company's growth rather than immediate payouts. His recent retirement is part of a planned succession to ensure the company's stability. His family is also involved in the industry, keeping the connection within his lineage. Novelly's journey reflects a blend of strategic leadership and operational expertise, making significant impacts in the sectors he has worked in.

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1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Future Fuel CEOs

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Paul A. Novelly

Founder and Ex-CEO of Future Fuel

Education

Bachelor's degree in Business Administration

Field of Expertise

Business & Management

Sector of Economy

Basic Materials

Born

January 1, 1957 - 68 years ago

CEO of Future Fuel for

17 years 6 months (Jan 2005 - Jul 2022)

Previous Experience

Chairman and Chief Executive Officer of Apex Holdings Co.

Rivals

Competitors/colleagues of Paul A. Novelly

Holdings

See how much did Paul A. Novelly make over time.

Paul A. Novelly is a major shareholder in FutureFuel Corporation, holding over 40% of the company's shares, which reflects his strong commitment and influence in the company. His holdings primarily come from his leadership roles in various companies, including Apex...

Paul A. Novelly is a major shareholder in FutureFuel Corporation, holding over 40% of the company's shares, which reflects his strong commitment and influence in the company. His holdings primarily come from his leadership roles in various companies, including Apex Oil Company and St. Albans Global Management. At the height of his wealth in 2021, Novelly's reported holdings reached approximately $13.73 million. Following periods of fluctuation, his holdings have shown resilience, maintaining values between $6 million and $13 million regularly post-retirement. This significant ownership indicates his long-term investment in FutureFuel and his vested interest in its success.

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Charitable Transactions

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250,000 shares

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Recent Charitable Transactions

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250,000 shares

FF

May 9, 2014

Charity

Insider Trading

See recent insider trades of Paul A. Novelly.

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250,000 shares

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May 9, 2014

Received

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250,000 shares

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May 9, 2014

Charity

Compensation History

See how much did Paul A. Novelly make over time.

Paul A. Novelly's compensation during his tenure as CEO of FutureFuel is quite unconventional. In 2022, he reported a total income of only $34,000, primarily from director fees, as he did not take a salary or bonuses in the years prior. This was part of a strategic decision to align his compensation with the company’s performance rather than immediate payouts. For most of his career at FutureFuel, Novelly's compensation was minimal, reflecting his approach of focusing on the company's long-term success rather than short-term financial rewards. He received substantial stock options and awards in earlier years, but these had vested without direct income in recent times. This structure highlights his commitment to the firm and its long-term growth, making him a unique leader in corporate governance.

Year

2022

Total Compensation

$34.00

Salary

$0.00

Board Justification

The compensation program aims to provide a competitive compensation package that rewards sustained financial and operating performance that creates long-term value for shareholders.

Bonus

$0.00

Board Justification

No cash salaries or bonuses were paid to Mr. Novelly for 2022 in his capacity as chairman and as Chief Executive Officer prior to his retirement from such role in July 2022.

Other

$34.00

Board Justification

Other compensation includes director fees paid to Mr. Novelly for his service on the board.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards were granted in 2022, and Mr. Novelly did not receive any stock options or other equity awards during the year.

Performance Metrics

The compensation metrics for Mr. Novelly were not applicable for 2022 as he did not receive any performance-based compensation.

Other Future Fuel CEOs

Here are other CEOs of Future Fuel

Thomas McKinlay

Ex-CEO of Future Fuel

July 2022 - September 2024