Iveco Group Management

Management criteria checks 2/4

Iveco Group's CEO is Olof Persson, appointed in Jul 2024, has a tenure of less than a year. directly owns 0.012% of the company’s shares, worth €281.10K. The average tenure of the management team and the board of directors is 0.9 years and 2.8 years respectively.

Key information

Olof Persson

Chief executive officer

€149.9k

Total compensation

CEO salary percentage	n/a
CEO tenure	less than a year
CEO ownership	0.01%
Management average tenure	less than a year
Board average tenure	2.8yrs

Recent management updates

Recent updates

CEO

Olof Persson (60 yo)

less than a year

Tenure

€149,880

Compensation

Mr. Olof Persson served as Independent Non-Executive Director of Iveco Group N.V. since January 01, 2022 until July 1, 2024 and is its Group Chief Executive Officer and Executive Director since July 1, 202...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Suzanne Heywood	Chairperson	2.8yrs	€759.31k	0.032% € 791.2k
Olof Persson	Group CEO & Executive Director	less than a year	€149.88k	0.012% € 281.1k
Anna Tanganelli	Chief Financial & Information Technology Officer	less than a year	no data	no data
Marco Liccardo	Chief Technology & Digital Officer	no data	no data	no data
Federico Donati	Head of Investor Relations	no data	no data	no data
Gabriella Porcelli	Chief Legal & Compliance Officer and Head of Corporate Governance	2.8yrs	no data	no data
Francesco Polsinelli	Chief Communications Officer	no data	no data	no data
Veronica Quercia	Chief Human Resources Officer	less than a year	no data	no data
Luca Sra	President of Truck Business Unit	no data	no data	no data
Domenico Nucera	President of Bus Business Unit	no data	no data	no data
Sylvain Blaise	President of Powertrain Business Unit	3.1yrs	no data	no data
Claudio Catalano	President of Defence Vehicles & ASTRA Business Unit	no data	no data	no data

0.9yrs

Average Tenure

57yo

Average Age

Experienced Management: IVG's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Suzanne Heywood	Chairperson	2.8yrs	€759.31k	0.032% € 791.2k
Olof Persson	Group CEO & Executive Director	2.8yrs	€149.88k	0.012% € 281.1k
Lorenzo Simonelli	Senior Independent Non-Executive Director??	2.8yrs	€132.00k	0.013% € 326.4k
Linda Knoll	Independent Director	2.8yrs	€150.00k	0.011% € 272.1k
Essimari Kairisto	Independent Non-Executive Director	2.8yrs	€140.00k	0.0047% € 115.5k
Alessandro Nasi	Non-Executive Director	2.8yrs	€150.00k	0.026% € 643.3k
M. Erginbilgic	Independent Non-Executive Director	2.8yrs	€165.78k	0.0052% € 125.4k
Judith Curran	Independent Non-Executive Director	less than a year	no data	no data

2.8yrs

Average Tenure

59yo

Average Age

Experienced Board: IVG's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.

Iveco Group Management

Management criteria checks 2/4

Key information

Recent management updates

Iveco Group N.V. Announces Change of Chief Human Resources Office

CEO & Executive Director recently sold €465k worth of stock

CEO & Executive Director recently sold €2.6m worth of stock

CEO & Executive Director recently sold €6.8m worth of stock

Iveco Group N.V., Annual General Meeting, Apr 17, 2024

Iveco Group N.V. Announces Anna Tanganelli as Its New Chief Financial Officer

Recent updates

Third quarter 2024 earnings released: EPS: €0.39 (vs €0.32 in 3Q 2023)

Hedin Mobility Group AB completed the acquisition of Nordic retail commercial operations of Iveco Group from Iveco Group N.V. (BIT:IVG).

Hedin Mobility Group AB completed the acquisition of Nordic retail commercial operations of Iveco Group from Iveco Group N.V. (BIT:IVG).

New minor risk - Profit margin trend

Second quarter 2024 earnings released: EPS: €0.61 (vs €0.56 in 2Q 2023)

Iveco Group N.V. (BIT:IVG) commences an Equity Buyback Plan for 10,000,000 shares, representing 2.89% for €130 million, under the authorization approved on April 17, 2024.

Iveco Group N.V. (BIT:IVG) commences an Equity Buyback Plan for 10,000,000 shares, representing 2.89% for €130 million, under the authorization approved on April 17, 2024.

Iveco Group N.V. Announces Change of Chief Human Resources Office

New minor risk - Earnings quality

First quarter 2024 earnings released: EPS: €0.095 (vs €0.022 in 1Q 2023)

CEO & Executive Director recently sold €465k worth of stock

Now 24% undervalued

CEO & Executive Director recently sold €2.6m worth of stock

Mutares SE & Co. KGaA (XTRA:MUX) signed f a definitive agreement to acquire Magirus GmbH from Iveco Group N.V. (BIT:IVG).

CEO & Executive Director recently sold €6.8m worth of stock

Full year 2023 earnings released: EPS: €0.81 (vs €0.54 in FY 2022)

Iveco Group N.V., Annual General Meeting, Apr 17, 2024

Iveco Group N.V. Recommends Annual Cash Dividend for the Year 2023

New major risk - Share price stability

Iveco Group N.V. to Report Q2, 2024 Results on Jul 25, 2024

IVECO, Plus, dm-drogerie markt and DSV Launches Automated Trucking Pilot in Germany

Third quarter 2023 earnings released: EPS: €0.32 (vs €0.17 in 3Q 2022)

Iveco Group N.V. and Hyundai Motor Company Unveil A New Hydrogen City Bus at Busworld Trade Show in Brussels

Iveco Group N.V. Announces Anna Tanganelli as Its New Chief Financial Officer

Iveco in Talks to Sell Stake in Magirus

Second quarter 2023 earnings released: EPS: €0.56 (vs €0.11 in 2Q 2022)

Iveco Group N.V. Announces Transition of Francesco Tanzi

First quarter 2023 earnings released: EPS: €0.02 (vs €0.063 loss in 1Q 2022)

Iveco Group N.V. (BIT:IVG) entered into binding terms sheet to acquire remaining 50% stake in Nikola Iveco Europe Gmbh for approximately 214 million.

CEO & Executive Director recently sold €209k worth of stock

Full year 2022 earnings released: EPS: €0.54 (vs €0.19 in FY 2021)

Iveco Group N.V., Annual General Meeting, Apr 14, 2023

Iveco and Plus Start Public Road Testing of Their Highly Automated Truck in Germany

Iveco Group N.V. to Report Q3, 2023 Results on Nov 01, 2023

Iveco Group N.V. Announces the Appointment of Angela Qu as Chief Supply Chain Officer and Ángel Rodríguez Lagunilla as Chief Manufacturing Officer

Less than half of directors are independent

IVECO and Plus Successfully Complete Initial Phase of Autonomous Truck Pilot

Second quarter 2022 earnings released: EPS: €0.11 (vs €0.25 in 2Q 2021)

Iveco Group N.V.(BIT:IVG) dropped from FTSE All-World Index (USD)

First quarter 2022 earnings released: €0.062 loss per share (vs €0.20 profit in 1Q 2021)

Less than half of directors are independent

Less than half of directors are independent

Investor sentiment deteriorated over the past week

Now 25% undervalued

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Iveco Group N.V. to Report Fiscal Year 2021 Results on Feb 08, 2022

Now 21% undervalued

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age