Alvotech Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Robert Wessman

Chief executive officer

US$1.5m

Total compensation

CEO salary percentage98.3%
CEO tenure1.4yrs
CEO ownershipn/a
Management average tenure1.4yrs
Board average tenure3yrs

Recent management updates

Recent updates

Bullish: Analysts Just Made A Huge Upgrade To Their Alvotech (NASDAQ:ALVO) Forecasts

May 28
Bullish: Analysts Just Made A Huge Upgrade To Their Alvotech (NASDAQ:ALVO) Forecasts

Alvotech: Consider Buying As Positive Q1 Earnings Release Likely

Apr 25

Alvotech (NASDAQ:ALVO) Shares May Have Slumped 28% But Getting In Cheap Is Still Unlikely

Apr 03
Alvotech (NASDAQ:ALVO) Shares May Have Slumped 28% But Getting In Cheap Is Still Unlikely

Alvotech (NASDAQ:ALVO) Just Reported Yearly Earnings: Have Analysts Changed Their Mind On The Stock?

Mar 24
Alvotech (NASDAQ:ALVO) Just Reported Yearly Earnings: Have Analysts Changed Their Mind On The Stock?

Analysts Just Shaved Their Alvotech (NASDAQ:ALVO) Forecasts Dramatically

Sep 03
Analysts Just Shaved Their Alvotech (NASDAQ:ALVO) Forecasts Dramatically

Positive Sentiment Still Eludes Alvotech (NASDAQ:ALVO) Following 27% Share Price Slump

May 05
Positive Sentiment Still Eludes Alvotech (NASDAQ:ALVO) Following 27% Share Price Slump

Shareholders Shouldn’t Be Too Comfortable With Alvotech's (NASDAQ:ALVO) Strong Earnings

Nov 23
Shareholders Shouldn’t Be Too Comfortable With Alvotech's (NASDAQ:ALVO) Strong Earnings

Fuji Pharma files for approval of biosimilar candidate in Japan

Oct 17

Alvotech and STADA launch Humira biosimilar in Switzerland

Sep 22

Alvotech GAAP EPS of -$1.02, revenue of $40.1M

Aug 31

Alvotech starts pharmacokinetic study for its biosimilar to Amgen's bone disease drugs

Jul 20

Icelandic biosimilars developer Alvotech initiated with a hold rating by Deutsche Bank

Jul 01

CEO Compensation Analysis

How has Robert Wessman's remuneration changed compared to Alvotech's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2024n/an/a

-US$494m

Dec 31 2023US$2mUS$1m

-US$552m

Sep 30 2023n/an/a

-US$596m

Jun 30 2023n/an/a

-US$416m

Mar 31 2023n/an/a

-US$713m

Dec 31 2022US$740kn/a

-US$514m

Compensation vs Market: Robert's total compensation ($USD1.52M) is below average for companies of similar size in the US market ($USD6.76M).

Compensation vs Earnings: Robert's compensation has increased whilst the company is unprofitable.


CEO

Robert Wessman (54 yo)

1.4yrs

Tenure

US$1,517,000

Compensation

Mr. Robert Wessman serves as Chief Executive Officer of Alvotech since January 1, 2023. He Founded Alvotech in 2013 and serves as its Executive Chairman and Member of the Board of Directors since January 2...


Leadership Team

NamePositionTenureCompensationOwnership
Robert Wessman
CEO, Founder & Executive Chairman1.4yrsUS$1.52mno data
Faysal Kalmoua
COO & Directorless than a yearno data0%
$ 0
Joel Morales
Chief Financial Officer4.3yrsno data0.035%
$ 1.4m
Giedrius Zunda
Chief Technical Officerno datano datano data
Joseph McClellan
Chief Scientific Officer4.7yrsno data0.055%
$ 2.2m
Tanya Zharov
General Counsel1.4yrsno data0%
$ 0
Jenny Steingrimsdottir
Vice President of People & Cultureless than a yearno datano data
Anil Okay
Chief Commercial Officer5.9yrsno datano data
Ming Li
Chief Strategy Officer4.4yrsno datano data
Christina Siniscalchi
Chief Quality Officerless than a yearno datano data

1.4yrs

Average Tenure

48yo

Average Age

Experienced Management: ALVO's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Robert Wessman
CEO, Founder & Executive Chairman5.4yrsUS$1.52mno data
Faysal Kalmoua
COO & Director4yrsno data0%
$ 0
Linda McGoldrick
Independent Non-Executive Director2yrsUS$81.00k0.0038%
$ 151.3k
Lisa Graver
Non-Executive Director2yrsUS$71.00k0.0038%
$ 151.3k
Tomas Ekman
Non-Executive Director5.4yrsno datano data
Arni Hardarson
Non-Executive Director2yrsno datano data
Richard Davies
Independent Non-Executive Deputy Chairman5.4yrsUS$156.00k0.37%
$ 14.9m
Ann Merchant
Independent Non-Executive Director2yrsUS$113.00k0.0038%
$ 151.3k

3.0yrs

Average Tenure

57yo

Average Age

Experienced Board: ALVO's board of directors are considered experienced (3 years average tenure).


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