Acerinox Management

Management criteria checks 2/4

Acerinox's CEO is Bernardo Velazquez Herreros, appointed in Jul 2010, has a tenure of 14.33 years. directly owns 0.03% of the company’s shares, worth €683.99K. The average tenure of the management team and the board of directors is 8.3 years and 7.8 years respectively.

Key information

Bernardo Velazquez Herreros

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	14.3yrs
CEO ownership	0.03%
Management average tenure	8.3yrs
Board average tenure	7.8yrs

Recent management updates

Recent updates

CEO

Bernardo Velazquez Herreros (60 yo)

14.3yrs

Tenure

€1,121,000

Compensation

Mr. Bernardo Velazquez Herreros has been the Chief Executive Officer of Acerinox, S.A. since July 2010. Mr. Herreros served as Managing Director of Acerinox, S.A. from 2007 to July 2010. Mr. Velázquez Herr...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Bernardo Velazquez Herreros	CEO & Executive Director	14.3yrs	€1.12m	0.030% € 684.0k
Esther Camós	Chief Financial Officer	less than a year	no data	no data
Carlos Lora-Tamayo	Investor Relations	no data	no data	no data
Luis Gimeno Valledor	General Counsel & General Secretary	8.3yrs	no data	0.0095% € 215.6k
Rodrigo Garcia-Vega	Compliance Director	no data	no data	no data
Miguel Ferrandis Torres	Chief Corporate Officer	no data	no data	no data
Marisa Dafauce	Human Resources Director	no data	no data	no data
Carlos Ruiz	Director of Sustainability	no data	no data	no data
Cristobal Fuentes Tovar	Chief Executive Officer of North American Stainless	no data	no data	no data
Fernando Gutierrez	CEO of Acerinox Europa	no data	no data	no data
Johan Strydom	Chief Executive Officer of Columbus Stainless	no data	no data	no data
Mark Davis	Chief Executive Officer of Bahru Stainless	no data	no data	no data

8.3yrs

Average Tenure

Experienced Management: ACX's management team is seasoned and experienced (8.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Bernardo Velazquez Herreros	CEO & Executive Director	14.8yrs	€1.12m	0.030% € 684.0k
Santos Martinez-Conde Gutierrez-Barquin	External Proprietary Director	22.5yrs	€81.00k	0.0040% € 91.4k
George Donald Johnston	Lead Independent Director	10.1yrs	€91.00k	0% € 0
Pedro de Baranda Riva	External Independent Director	1.5yrs	no data	no data
Rosa Garcia Garcia Pineiro	External Independent Director	7.1yrs	€74.00k	no data
Tomás Hevia Armengol	External Proprietary Director	7.9yrs	no data	no data
Laura Gonzalez-Molero	External Independent Director	7.8yrs	no data	no data
Marta Martínez Alonso	External Independent Director	7.8yrs	no data	no data
Carlos Arias-Paz	Chairman of the Board	2.5yrs	no data	0.0045% € 101.7k
Leticia Herraiz	External Independent Director	4.8yrs	no data	no data
Francisco Javier Sanz	External Independent Director	4.8yrs	no data	no data

7.8yrs

Average Tenure

61yo

Average Age

Experienced Board: ACX's board of directors are considered experienced (7.8 years average tenure).

Acerinox Management

Management criteria checks 2/4

Key information

Recent management updates

Acerinox, S.A., Annual General Meeting, Apr 19, 2024

Insufficient new directors

Insufficient new directors

Recent updates

Third quarter 2024 earnings released: EPS: €0.19 (vs €0.28 in 3Q 2023)

Worldwide Stainless Sdn. Bhd, agreed to acquire Bahru Stainless, Sdn. Bhd. from Acerinox, S.A. (BME:ACX) for $95 million.

Second quarter 2024 earnings released: EPS: €0.25 (vs €0.59 in 2Q 2023)

Upcoming dividend of €0.25 per share

First quarter 2024 earnings released: EPS: €0.21 (vs €0.52 in 1Q 2023)

New minor risk - Share price stability

Acerinox, S.A., Annual General Meeting, Apr 19, 2024

New minor risk - Earnings quality

Full year 2023 earnings released: EPS: €0.92 (vs €2.16 in FY 2022)

Upcoming dividend of €0.25 per share at 5.9% yield

Acerinox, S.A. to Report Q1, 2024 Results on Apr 24, 2024

Third quarter 2023 earnings released: EPS: €0.28 (vs €0.51 in 3Q 2022)

Second quarter 2023 earnings released: EPS: €0.59 (vs €1.35 in 2Q 2022)

Upcoming dividend of €0.24 per share at 6.2% yield

Acerinox, S.A. (BME:ACX) announces an Equity Buyback for 213,000 shares, representing 0.08% for €2.56 million.

Full year 2022 earnings released: EPS: €2.16 (vs €2.12 in FY 2021)

Insufficient new directors

Insufficient new directors

Upcoming dividend of €0.24 per share

Acerinox, S.A. to Report Q3, 2023 Results on Nov 03, 2023

Third quarter 2022 earnings released: EPS: €0.51 (vs €0.63 in 3Q 2021)

Second quarter 2022 earnings released: EPS: €1.35 (vs €0.46 in 2Q 2021)

Investor sentiment deteriorated over the past week

Upcoming dividend of €0.41 per share

Acerinox and Aperam Reportedly Studying A Merger

Now 21% undervalued

Investor sentiment deteriorated over the past week

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

Acerinox, S.A. to Report Fiscal Year 2021 Results on Feb 28, 2022

Now 21% undervalued after recent price drop

Third quarter 2021 earnings released: EPS €0.63 (vs €0.10 in 3Q 2020)

Second quarter 2021 earnings released: EPS €0.46 (vs €0.16 loss in 2Q 2020)

Investor sentiment deteriorated over the past week

An unknown buyer acquired 7.9% stake of Acerinox, S.A. (BME:ACX) from Nippon Steel Corporation (TSE:5401).

Upcoming dividend of €0.41 per share

First quarter 2021 earnings released: EPS €0.29 (vs €0.10 in 1Q 2020)

Full year 2020 earnings released: EPS €0.18 (vs €0.22 loss in FY 2019)

Revenue beats expectations

New 90-day high: €9.91

New 90-day high: €9.28

Acerinox, S.A. to Report Q3, 2021 Results on Nov 03, 2021

Acerinox, S.A. to Report Fiscal Year 2020 Results on Feb 26, 2021

Upcoming Dividend of €0.32 Per Share

New 90-day high: €7.81

Third-quarter earnings released: Revenue beats expectations

Third quarter earnings released

New 90-day low: €6.69

New 90-day low - €6.82

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age