Koninklijke Vopak Management

Management criteria checks 4/4

Koninklijke Vopak's CEO is Dick Richelle, appointed in Jan 2022, has a tenure of 2.25 years. total yearly compensation is €1.67M, comprised of 44.6% salary and 55.4% bonuses, including company stock and options. directly owns 0.018% of the company’s shares, worth €849.23K. The average tenure of the management team and the board of directors is 2.3 years and 6 years respectively.

Key information

Dick Richelle

Chief executive officer

€1.7m

Total compensation

CEO salary percentage	44.6%
CEO tenure	2.3yrs
CEO ownership	0.02%
Management average tenure	2.3yrs
Board average tenure	6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Dick Richelle's remuneration changed compared to Koninklijke Vopak's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	€2m	€742k	€456m
Sep 30 2023	n/a	n/a	€455m
Jun 30 2023	n/a	n/a	€392m
Mar 31 2023	n/a	n/a	-€140m
Dec 31 2022	€1m	€700k	-€168m

Compensation vs Market: Dick's total compensation ($USD1.78M) is about average for companies of similar size in the Austrian market ($USD2.42M).

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

CEO

Dick Richelle (54 yo)

2.3yrs

Tenure

€1,665,000

Compensation

Mr. D. J. M. Richelle, also known as Dick, served as President of North America Division at Vopak Internationaal B.V since 2009. Mr. Richelle served as President of Vopak Americas at Koninklijke Vopak N.V....

Leadership Team

Name	Position	Tenure	Compensation	Ownership
D. J. Richelle	CEO & Chairman of the Executive Board	2.3yrs	€1.67m	0.018% € 849.2k
Michiel E. Gilsing	CFO & Member of the Executive Board	2yrs	€1.22m	0.017% € 823.3k
Frits Eulderink	COO & Member of the Executive Board	14yrs	€1.52m	0.039% € 1.9m
Jan Schutrops	Global Director of Operations & Technology	no data	no data	no data
Fatjona Topciu	Head of Investor Relations	no data	no data	no data
Peter Smid	Global Director of Legal Affairs & Corporate Secretary	no data	no data	no data
Karen Beuk	Global Director of Communication	no data	no data	no data
Edwin Taal	Global Director of Human Resources	no data	no data	no data
Kees Van Seventer	President of LNG	no data	no data	no data
Patrick Van Voort	President of Vopak Europe & Africa	no data	no data	no data
Yan Chen	President of Vopak China & North Asia	no data	no data	no data
Chris Robblee	President of Vopak Americas	no data	no data	no data

2.3yrs

Average Tenure

55.5yo

Average Age

Experienced Management: VPK's management team is considered experienced (2.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Ben Noteboom	Independent Chairman of Supervisory Board	8yrs	€128.50k	0.0028% € 134.4k
Melchert Groot	Vice Chairman of Supervisory Board	9.3yrs	€93.00k	no data
Ben van der Veer	Independent Member of Supervisory Board	6yrs	€93.00k	no data
Richard Hookway	Independent Member of Supervisory Board	3yrs	€85.00k	no data
Lucrece J. Foufopoulos-De Ridder	Independent Member of Supervisory Board	6yrs	€93.00k	no data
Nicoletta Giadrossi	Independent Member of the Supervisory Board	5yrs	€99.00k	no data

6.0yrs

Average Tenure

63yo

Average Age

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

Koninklijke Vopak Management

Management criteria checks 4/4

Key information

Recent management updates

Frits Eulderink to Step Down as Member of the Executive Board of Royal Vopak

Koninklijke Vopak N.V., Annual General Meeting, Apr 24, 2024

Koninklijke Vopak N.V., Annual General Meeting, Apr 26, 2023

Royal Vopak N.V. Announces Zwitserloot to Step Down from the Supervisory Board on 21 April 2021

Recent updates

Upcoming dividend of €1.50 per share

Dividend increased to €1.50

Koninklijke Vopak N.V. to Report Fiscal Year 2024 Results on Feb 19, 2025

Dividend increased to €1.50

Koninklijke Vopak N.V. Proposes Dividend for the Year 2023

Frits Eulderink to Step Down as Member of the Executive Board of Royal Vopak

Third quarter 2023 earnings released: EPS: €0.97 (vs €0.64 in 3Q 2022)

Koninklijke Vopak N.V., Annual General Meeting, Apr 24, 2024

Koninklijke Vopak N.V. to Report First Half, 2024 Results on Jul 26, 2024

Infracapital reached an agreement to acquire three chemical terminals of Vopak in Rotterdam from Koninklijke Vopak N.V. (ENXTAM:VPK) for approximately €430 million.

Koninklijke Vopak N.V. to Report Q1, 2024 Results on Apr 24, 2024

Second quarter 2023 earnings released: EPS: €0.97 (vs €3.25 loss in 2Q 2022)

Now 22% undervalued

Koninklijke Vopak N.V. to Report Fiscal Year 2023 Results on Feb 14, 2024

Xtend acquired Performance Rotors Pte Ltd.

First quarter 2023 earnings released: EPS: €0.82 (vs €0.60 in 1Q 2022)

Upcoming dividend of €1.30 per share at 3.7% yield

Full year 2022 earnings released: €1.34 loss per share (vs €1.71 profit in FY 2021)

Koninklijke Vopak N.V. Proposes A Cash Dividend

Koninklijke Vopak N.V. (ENXTAM:VPK) agreed to acquire Gunvor Petroleum Antwerpen nv from Gunvor Group Ltd.

Third quarter 2022 earnings released: EPS: €0.64 (vs €0.57 in 3Q 2021)

Second quarter 2022 earnings released: €3.25 loss per share (vs €0.046 profit in 2Q 2021)

Koninklijke Vopak N.V., Annual General Meeting, Apr 26, 2023

Koninklijke Vopak N.V. to Report Q1, 2023 Results on Apr 26, 2023

Koninklijke Vopak N.V. to Report Q3, 2023 Results on Nov 03, 2023

Upcoming dividend of €1.25 per share

Investor sentiment deteriorated over the past week

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

Koninklijke Vopak N.V. Announces Dividend for Full Year 2021

Quantem Reportedly Tipped as Vopak Fuel Terminals Buyer

Third quarter 2021 earnings released: EPS €0.57 (vs €0.63 in 3Q 2020)

Second quarter 2021 earnings released: EPS €0.051 (vs €0.90 in 2Q 2020)

Independent Member of Supervisory Board has left the company

First quarter 2021 earnings released: EPS €0.58 (vs €0.65 in 1Q 2020)

Upcoming dividend of €1.20 per share

Revenue misses expectations

Full year 2020 earnings released: EPS €2.38 (vs €4.47 in FY 2019)

New 90-day low: €40.87

New 90-day low: €41.63

New 90-day low: €42.33

New 90-day low: €43.90

Global Energy and Power Infrastructure Fund, a fund of BlackRock, Inc. (NYSE:BLK) and Royal Vopak N.V. (ENXTAM:VPK) completed the acquisition of certain Gulf Coast marine and terminal operations and assets of Dow Inc. (NYSE:DOW).

New 90-day low: €43.96

Third quarter 2020 earnings released: EPS €0.63

Revenue misses expectations

New 90-day low: €45.46

Royal Vopak N.V. Announces Zwitserloot to Step Down from the Supervisory Board on 21 April 2021

NatWest Bank along with the management, agreed to acquire the 50% stake in Casper Shipping Limited from Royal Vopak.

Royal Vopak NV completed the sale of the Warehousing Activities in Antwerp and Rotterdam to the management of the warehousing activities.

Royal Vopak N.V. to Report Q1, 2021 Results on Apr 21, 2021

New 90-day high: €49.94

Global Energy and Power Infrastructure Fund, a fund of BlackRock, Inc. (NYSE:BLK) and Royal Vopak N.V. (ENXTAM:VPK) entered into a definitive agreement to acquire certain Gulf Coast marine and terminal operations and assets of Dow Inc. (NYSE:DOW) for $620 million.

New 90-day low - €46.05

New 90-day low - €46.35

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age