Paramita Das
Coeur MiningAbout Paramita Das
Paramita Das, age 48, has served as an independent director of Coeur Mining since 2023. She previously held senior leadership roles at Rio Tinto, including Global Head of Marketing, Development and ESG for Metals & Minerals, and has an MBA from the University of Louisville with additional post‑graduate studies in Strategy and Finance at the University of Chicago Booth School of Business. She brings strategic planning and extractive industry expertise and is active on topics such as corporate responsibility, supply chains, and digital transformation . The Board classifies her as independent under NYSE standards and the Company’s guidelines .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Rio Tinto (Metals & Minerals) | Global Head of Marketing, Development and ESG (Chief Marketing Officer) | Jun 2022 – Feb 2024 | Led marketing, development and ESG for Metals & Minerals |
| Rio Tinto | President, Rio Tinto Nickle Inc.; President & CEO, Alcan Primary Products Co., LLC; Director, Rio Tinto Services Inc. | Jul 2019 – Sep 2023 | Senior operating and governance roles |
| Rio Tinto (Metals) | GM, Marketing & Development; Head of Chicago Commercial Office | Jan 2018 – May 2022 | Commercial leadership in metals |
| Rio Tinto Group | Chief of Staff/Group Business Executive to the Group CEO | Dec 2016 – Dec 2017 | Executive office support and strategic projects |
External Roles
| Organization | Role | Tenure/Start | Notes |
|---|---|---|---|
| Stardust Power Inc. | Chief Strategy Officer and Senior Advisor to the CEO | Since Sep 2024 | Advisory role described as part-time in nature |
| Genco Shipping & Trading Ltd. | Director | Since Mar 2024 | Public drybulk shipping company |
| Toromont Industries Ltd. | Director | Since Nov 2024 | Specialized equipment company |
| World Business Chicago; Chicago Children’s Museum; UN Women – USNC | Former Board member | 2014–2022 | Non-profit board experience |
Board Governance
- Independence: Independent under NYSE standards; all Board committees she serves on are composed solely of independent directors .
- Attendance and engagement: The Board met eight times in 2024; each incumbent director who served in 2024 attended at least 95% of aggregate Board and committee meetings; independent directors (non‑management) met in executive session at least eight times .
| Committee | Role | 2024 Meetings | Independence/Notes |
|---|---|---|---|
| Audit | Member | 6 | All members independent; financial literacy required; cybersecurity oversight; compliance/whistleblower oversight |
| Environmental, Health, Safety & Corporate Responsibility (EHSCR) | Member | 5 | All members independent; oversight of permitting, safety, climate risk, responsibility initiatives and reporting |
| Nominating & Corporate Governance (NCG) | Member | 5 | All members independent; board composition, governance guidelines, CEO/Board succession |
Fixed Compensation
| Component | 2024 Amount (USD) | Notes |
|---|---|---|
| Cash Fees | $90,000 | Annual cash retainer for outside directors; no meeting fees |
| Stock Awards (Grant Date Fair Value) | $87,029 | Annual equity retainer; fully vested upon grant |
| Total | $177,029 | Sum of cash and stock awards for 2024 |
- Retainer structure (Board-wide): $90,000 cash + $100,000 in common stock or DSUs; additional retainers for certain chair roles and Lead Independent Director; meeting fees not paid; cash retainers unchanged vs. 2023 .
Performance Compensation
| Element | Detail |
|---|---|
| Options | None outstanding for outside directors; prior director options expired |
| Equity vesting | Director stock awards are fully vested upon grant (not performance-based) |
| Clawback policy | Company maintains clawback and forfeiture policy focused on executive officer incentive compensation (financial restatements and misconduct) |
No director-specific performance metrics or PSU frameworks are used for outside director compensation; the equity retainer is time-based and vests immediately .
Other Directorships & Interlocks
| Company | Role | Committee Roles (if disclosed) | Start | Potential Interlock with CDE |
|---|---|---|---|---|
| Genco Shipping & Trading Ltd. | Director | Not disclosed | Mar 2024 | None disclosed; Board reviewed independence and related relationships annually |
| Toromont Industries Ltd. | Director | Not disclosed | Nov 2024 | None disclosed |
| Stardust Power Inc. | CSO & Senior Advisor | N/A | Sep 2024 | Part-time advisory role; no related-person transactions disclosed |
- Related party transactions: Company reports no related person transactions since the beginning of 2024 .
Expertise & Qualifications
- Strategic leadership in extractive resources; commercial and marketing leadership in metals; ESG program oversight; active speaker on corporate responsibility, blockchain, diversity, supply chains, and digital/business transformation .
- Education: B.S. in Architectural Engineering (Guru Govind Singh Indraprastha University, 2001); MBA (University of Louisville, 2004); post‑graduate studies in Strategy and Finance (Chicago Booth, 2010 and 2014) .
Equity Ownership
| Holder | Shares Beneficially Owned | % Outstanding | As-of Date |
|---|---|---|---|
| Paramita Das | 75,685 | <1% | Mar 5, 2025 |
- Stock ownership guidelines: Non-employee directors must hold 5x the annual director cash retainer; newly appointed directors have five years to comply. The CLD Committee determined each director either meets the guideline or is within the compliance period .
- Hedging/pledging: Directors are prohibited from hedging and from holding/pledging Coeur securities in margin accounts or as loan collateral .
- Director awards are fully vested on grant; no outstanding director options .
Insider Trades (Form 4 Summary)
| Trade Date | Filing (SEC) | Transaction | Shares | Price | Notes |
|---|---|---|---|---|---|
| 2025-03-14 | Form 4 filed 2025-03-17 (Index) | Open-market purchase (P) | 850 | $5.999 | Source trade details and Form 4: and summary |
| 2025-02-21 | Form 4 filed 2025-02-25 (Index) | Open-market purchase (P) | 685 | $5.53 | SEC index and summary: |
| 2023-08-11 | Form 4 filed 2023-08-16 (XML) | Open-market purchase (P) | 3,500 | $2.585 | SEC XML and summary: |
Note: Additional 2025 Form 4 filings (e.g., 2025-08-14) also show open-market purchases; see EDGAR owner page for full history .
Governance Assessment
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Strengths
- Independent director with strong extractive-industry and ESG/commercial credentials; committee service spans Audit, EHSCR, and NCG—key oversight areas for a mining issuer .
- Board-wide attendance ≥95% in 2024 indicates high engagement; independent directors held at least eight executive sessions, reinforcing independent oversight .
- Clean related‑party profile; Company reports no related person transactions since 2024; hedging and pledging are prohibited—positive for alignment .
- Skin-in-the-game: multiple open‑market purchases (2023 and 2025) bolster ownership alignment; beneficial ownership at 75,685 shares as of March 5, 2025 .
-
Watch items (not red flags)
- External commitments: concurrent roles on two public company boards (Genco Shipping & Trading; Toromont Industries) plus a part-time executive advisory role at a lithium manufacturer (Stardust Power). The proxy notes the Stardust role is part‑time; no interlocks or conflicts disclosed, and independence affirmed—but investors typically monitor aggregate time commitments and potential industry adjacency .
- Director equity awards fully vest on grant (standard for directors, but not performance-based); alignment relies on ownership guidelines and open-market purchases rather than performance conditions .
-
Red flags
- None disclosed: no related person transactions, no hedging/pledging, and high attendance; independence affirmed .