Molly Marion
About Molly Marion
Molly A.F. Marion serves as Vice President and Ombudsman of GAMCO Global Gold, Natural Resources & Income Trust (GGN) and has held officer roles across the Gabelli Fund Complex since 2005; she was born in 1954 and is also Senior Vice President of GAMCO Investors, Inc. since 2020 (Vice President since 2012) . Public executive listings corroborate her role at GGN and within GAMCO/Gabelli entities . The Fund’s proxy statements do not disclose TSR, revenue growth, EBITDA growth, or performance metrics tied to Marion’s compensation; officer compensation is presented as aggregate cash paid by the Fund without performance-based components .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Gabelli Fund Complex (closed-end funds) | Vice President and/or Ombudsman | Since 2005 | Investor/ombudsman coverage across multiple closed-end funds; governance communications and shareholder interfacing |
| GAMCO Investors, Inc. | Vice President | Since 2012 | Executive support across fund complex; continuity with Gabelli’s closed-end fund platform |
| GAMCO Investors, Inc. | Senior Vice President | Since 2020 | Senior leadership role aligned with fund operations and shareholder communications |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| GAMCO Global Gold, Natural Resources & Income Trust | Investor Relations Contact ([email protected]; +1 914-921-5681) | Ongoing | Primary point for shareholder communications regarding distributions and fund updates |
| Gabelli/GAMCO funds (e.g., Gabelli Equity Trust) | Vice President (prior/ongoing within fund complex) | Various | Officer coverage across related funds in the complex, reinforcing cross-fund governance and operations |
Fixed Compensation
| Metric | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|
| Aggregate Compensation from the Fund ($USD) | $88,952 | $110,097 | $112,392 |
Notes:
- Officer compensation is shown in the proxy as “Aggregate Compensation from the Fund” and is not broken out into base salary, bonus, equity, or perquisites .
Performance Compensation
- The DEF 14A disclosures list only aggregate cash compensation for officers and do not disclose any performance-based metrics, equity awards (RSUs/PSUs/options), vesting schedules, or payout formulas for Marion’s role .
- No clawback, ownership guidelines, or incentive plan metrics tied to Marion’s compensation are described in the proxy materials reviewed .
Equity Ownership & Alignment
- Beneficial ownership tables for GGN list trustees and certain executive officers (e.g., President/Treasurer, Secretary, Chief Compliance Officer) with share counts; Marion is not included in these executive officer ownership tables for 2023 or 2024, and thus her beneficial ownership is not disclosed in those sections .
- As context, the trustees and executive officers as a group held less than 1% of total common and preferred shares outstanding in both years, indicating limited insider ownership at the fund level .
Employment Terms
| Item | Detail | Citation |
|---|---|---|
| Year of Birth | 1954 | |
| Current Role | Vice President and Ombudsman (GGN) | |
| Service Start (Fund Complex) | Since 2005 | |
| GAMCO Title | Senior Vice President since 2020; Vice President since 2012 | |
| Contract/Severance/CoC | Not disclosed in DEF 14A; proxies provide role descriptions and compensation but no employment contract terms | |
| Section 16 Compliance Note | Fund states applicable insiders complied with Section 16(a) filing requirements for 2024/2023 |
Investment Implications
- Compensation alignment: Marion’s reported compensation consists of aggregate cash paid by the Fund without disclosed performance metrics or equity grants, suggesting low direct pay-for-performance linkage and minimal equity-driven incentives; this reduces the likelihood of equity-related selling pressure from vesting events .
- Ownership signal: Her beneficial ownership is not disclosed in the executive officer tables, and overall insider ownership at the fund is under 1%, indicating limited “skin-in-the-game” at the entity level—typical for registered investment company structures where advisers employ and compensate officers .
- Retention risk: Longstanding tenure (officer across the complex since 2005; senior roles at GAMCO since 2020) indicates institutional continuity and low near-term retention risk, with responsibilities centered on ombudsman/investor communications rather than portfolio decision-making .
- Trading signals: Absence of disclosed equity awards, options, or vesting schedules means little visibility into award-driven selling; no pledging, hedging, or related-party transactions are flagged in the reviewed proxies, reducing governance red flags for this executive based on available disclosures .