Legrand Management

Management criteria checks 4/4

Legrand's CEO is Benoît Coquart, appointed in Feb 2018, has a tenure of 6.75 years. total yearly compensation is €3.68M, comprised of 24.5% salary and 75.5% bonuses, including company stock and options. directly owns 0.043% of the company’s shares, worth €10.87M. The average tenure of the management team and the board of directors is 5.8 years and 6 years respectively.

Key information

Benoît Coquart

Chief executive officer

€3.7m

Total compensation

CEO salary percentage	24.5%
CEO tenure	6.8yrs
CEO ownership	0.04%
Management average tenure	5.8yrs
Board average tenure	6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Benoît Coquart's remuneration changed compared to Legrand's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	€1b
Jun 30 2024	n/a	n/a	€1b
Mar 31 2024	n/a	n/a	€1b
Dec 31 2023	€4m	€900k	€1b
Sep 30 2023	n/a	n/a	€1b
Jun 30 2023	n/a	n/a	€1b
Mar 31 2023	n/a	n/a	€1b
Dec 31 2022	€3m	€900k	€1b
Sep 30 2022	n/a	n/a	€1b
Jun 30 2022	n/a	n/a	€971m
Mar 31 2022	n/a	n/a	€935m
Dec 31 2021	€4m	€900k	€905m
Sep 30 2021	n/a	n/a	€887m
Jun 30 2021	n/a	n/a	€877m
Mar 31 2021	n/a	n/a	€742m
Dec 31 2020	€2m	€700k	€681m
Sep 30 2020	n/a	n/a	€703m
Jun 30 2020	n/a	n/a	€705m
Mar 31 2020	n/a	n/a	€812m
Dec 31 2019	€3m	€700k	€835m
Sep 30 2019	n/a	n/a	€822m
Jun 30 2019	n/a	n/a	€797m
Mar 31 2019	n/a	n/a	€787m
Dec 31 2018	€2m	€627k	€772m

Compensation vs Market: Benoît's total compensation ($USD3.83M) is about average for companies of similar size in the Austrian market ($USD4.34M).

Compensation vs Earnings: Benoît's compensation has been consistent with company performance over the past year.

CEO

Benoît Coquart (51 yo)

6.8yrs

Tenure

€3,675,227

Compensation

Mr. Benoît Coquart has been the Chief Executive Officer at Legrand SA since February 08, 2018. Mr. Coquart is responsible for the general management of Legrand. Mr. Coquart served as an Executive Vice Pres...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Benoît Coquart	CEO & Director	6.8yrs	€3.68m	0.043% € 10.9m
Franck Lemery	Executive VP & CFO	5.8yrs	no data	no data
Antoine Burel	Deputy CEO & Executive VP of Group Operations	5.8yrs	no data	no data
Ronan Marc	Investor Relations Officer	no data	no data	no data
Bénédicte Bahier	Executive Vice President of Human Resources	6.8yrs	no data	no data
Frédéric Xerri	Executive Vice President of Europe	6.8yrs	no data	no data
Jean-Luc Cartet	Executive Vice President of Asia-Pacific	5.8yrs	no data	no data
Virginie Gatin	Executive Vice President of Corporate Social Responsibility	3.3yrs	no data	no data
Brian DiBella	President & CEO of Legrand North & Central America	no data	no data	no data
Doug Bielefeld	Treasurer	no data	no data	no data
Ravi Ramanathan	VP & GM of Starline Business	no data	no data	no data

5.8yrs

Average Tenure

56yo

Average Age

Experienced Management: LR's management team is seasoned and experienced (5.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Benoît Coquart	CEO & Director	4.5yrs	€3.68m	0.043% € 10.9m
Edward Gilhuly	Independent Director	6.5yrs	€64.00k	0.046% € 11.6m
Michel Landel	Lead Independent Director	5.5yrs	€116.00k	0.00061% € 154.8k
Olivier Bazil	Non-Executive Director	21.9yrs	€80.00k	0.77% € 195.3m
Patrick Koller	Independent Director	6.5yrs	€86.00k	0.00076% € 192.8k
Benot Valentin	Observer	20.8yrs	no data	no data
Isabelle Boccon-Gibod	Independent Director	8.5yrs	€87.00k	0.00044% € 111.6k
Jean-Marc Chery	Independent Director	3.5yrs	€55.00k	0.00029% € 73.6k
Angeles Morera	Independent Chairwoman of the Board	12.5yrs	€625.00k	0.0023% € 591.1k
Sophie Bourdais	Employee Representative Director	4yrs	€77.00k	no data
Valerie Chort	Independent Director	1.5yrs	no data	0.00019% € 48.2k
Florent Menegaux	Independent Director	2.5yrs	€37.92k	0.00031% € 78.6k

6.0yrs

Average Tenure

62yo

Average Age

Experienced Board: LR's board of directors are considered experienced (6 years average tenure).

Legrand Management

Management criteria checks 4/4

Key information

Recent management updates

Legrand SA Appoints Rekha Mehrotra Menonas an Independent Director

Legrand SA, Annual General Meeting, May 29, 2024

Legrand SA Approves the Appointment of Clare Scherrer as Independent Non-Executive Director and Member of Audit Committee

Recent updates

Third quarter 2024 earnings released: EPS: €0.98 (vs €1.08 in 3Q 2023)

Legrand SA Provides Earnings Guidance for the Full Year 2024

Legrand SA to Report Q1, 2025 Results on May 07, 2025

Legrand SA (ENXTPA:LR) acquired Upsistemas S A S.

Now 21% undervalued after recent price drop

First half 2024 earnings released: EPS: €2.21 (vs €2.45 in 1H 2023)

Legrand SA to Report Fiscal Year 2024 Results on Feb 13, 2025

Legrand SA (ENXTPA:LR) acquired Vass Electrical Industries Pty. Ltd./Davenham Switchgear Limited.

Legrand SA to Report Nine Months, 2024 Results on Nov 07, 2024

Legrand SA Appoints Rekha Mehrotra Menonas an Independent Director

Upcoming dividend of €2.09 per share

First quarter 2024 earnings released: EPS: €1.05 (vs €1.24 in 1Q 2023)

Legrand SA (ENXTPA:LR) agreed to acquire an unknown minority stake in UIOT Inc.

Legrand Launches Revolutionary Starline Remote Plug-In Actuator for its Track Busway Products

Full year 2023 earnings released: EPS: €4.33 (vs €3.75 in FY 2022)

Approved Networks Releases OSFP 800G SR8 Transceiver

Now 20% overvalued after recent price rise

Dividend increased to €2.09

Now 21% undervalued

Full year 2023 earnings released: EPS: €4.33 (vs €3.75 in FY 2022)

Legrand SA to Report First Half, 2024 Results on Jul 31, 2024

Third quarter 2023 earnings released: EPS: €1.08 (vs €0.99 in 3Q 2022)

Legrand SA to Report Q1, 2024 Results on May 03, 2024

Legrand Launches Latest Product, the 400G QSFP-DD ZR

An unknown buyer acquired Russian Operations from Legrand SA.

An unknown buyer acquired Russian Operations from Legrand SA.

Legrand SA Revises Earnings Guidance for the Full Year 2023

First half 2023 earnings released: EPS: €2.45 (vs €2.06 in 1H 2022)

Legrand SA, Annual General Meeting, May 29, 2024

Legrand SA Approves the Appointment of Clare Scherrer as Independent Non-Executive Director and Member of Audit Committee

Upcoming dividend of €1.90 per share at 2.2% yield

Legrand SA Proposes Dividend for the Year 2022, Payable on June 6, 2023

Legrand SA to Report Nine Months, 2023 Results on Nov 08, 2023

Full year 2022 earnings released: EPS: €3.75 (vs €3.39 in FY 2021)

Legrand SA (ENXTPA:LR) acquired Clamper Indústria e Comércio S.A.

Full year 2022 earnings released: EPS: €3.75 (vs €3.39 in FY 2021)

Legrand SA to Report First Half, 2023 Results on Jul 31, 2023

Third quarter 2022 earnings released: EPS: €0.99 (vs €0.81 in 3Q 2021)

Legrand SA to Report Q1, 2023 Results on May 04, 2023

Now 21% undervalued after recent price drop

Now 22% undervalued after recent price drop

Second quarter 2022 earnings released: EPS: €1.09 (vs €0.95 in 2Q 2021)

Legrand SA (ENXTPA:LR) acquired Voltadis.

Legrand SA to Report Fiscal Year 2022 Results on Feb 09, 2023

Now 20% undervalued after recent price drop

Legrand SA Approves Dividend for the Year 2021, Payable on June 1, 2022

Upcoming dividend of €1.65 per share

Now 22% undervalued after recent price drop

First quarter 2022 earnings released: EPS: €0.97 (vs €0.85 in 1Q 2021)

Legrand SA to Report Nine Months, 2022 Results on Nov 03, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Legrand SA (ENXTPA:LR) acquired Geiger.

Legrand SA to Report First Half, 2022 Results on Jul 29, 2022

Third quarter 2021 earnings released: EPS €0.81 (vs €0.78 in 3Q 2020)

Legrand Introduces the Infinium acclAIM Fiber Solution — with Direct Connectivity to Replace MTP/MPO Cassette-Based Solutions

Second quarter 2021 earnings released: EPS €0.95 (vs €0.44 in 2Q 2020)

Legrand Introduces The Ultra-Fast PLUS Power Delivery USB Outlet

Legrand SA Approves Dividend for the Year 2020, Payable on June 1, 2021

Upcoming dividend of €1.42 per share

First quarter 2021 earnings released: EPS €0.85 (vs €0.63 in 1Q 2020)

Full year 2020 earnings released: EPS €2.55 (vs €3.13 in FY 2019)

Revenue misses expectations

Legrand SA (ENXTPA:LR) acquired Compose B.V. and Champion ONE.

Legrand SA to Report First Half, 2021 Results on Jul 30, 2021

New 90-day high: €73.40

Third quarter 2020 earnings released: EPS €0.78

Revenue beats expectations

Legrand SA to Report Q1, 2021 Results on May 06, 2021

New 90-day low: €63.52

An undisclosed investor acquired 15.25% stake in Legrand S.A. (ENXTPA: LR) from Kohlberg Kravis Roberts & Co. (NYSE: KKR) and Wendel (ENXTPA: MF) for €1.2 billion.

New 90-day low: €64.46

New 90-day high - €71.34