NoviqTech Management

Management criteria checks 1/4

NoviqTech's CEO is Freddy El Turk, appointed in Jun 2023, has a tenure of 1.42 years. total yearly compensation is A$273.84K, comprised of 51% salary and 49% bonuses, including company stock and options. directly owns 1.16% of the company’s shares, worth A$39.24K. The average tenure of the management team and the board of directors is 1.8 years and 1.5 years respectively.

Key information

Freddy El Turk

Chief executive officer

AU$273.8k

Total compensation

CEO salary percentage	51.0%
CEO tenure	1.4yrs
CEO ownership	1.2%
Management average tenure	1.8yrs
Board average tenure	1.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Freddy El Turk's remuneration changed compared to NoviqTech's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	-AU$2m
Mar 31 2024	n/a	n/a	-AU$3m
Dec 31 2023	AU$274k	AU$140k	-AU$3m

Compensation vs Market: Freddy's total compensation ($USD178.57K) is below average for companies of similar size in the Australian market ($USD301.61K).

Compensation vs Earnings: Insufficient data to compare Freddy's compensation with company performance.

CEO

Freddy El Turk

1.4yrs

Tenure

AU$273,844

Compensation

Mr. Fady El Turk, also known as Freddy, served as Non-Executive Director of NoviqTech Limited (formerly known as Tymlez Group Limited) from May 29, 2023 to June 29, 2023 and serves as its Chief Executive O...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Fady El Turk	CEO, Acting CTO & Director	1.4yrs	AU$273.84k	1.16% A$ 39.2k
Eoin Flynn	Head of Operations	no data	no data	no data
Nevlynn Janssen	Chief Marketing Officer	4.8yrs	no data	no data
Jonathan Hart	Company Secretary	1.8yrs	no data	no data

1.8yrs

Average Tenure

Experienced Management: NVQ's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Fady El Turk	CEO, Acting CTO & Director	1.5yrs	AU$273.84k	1.16% A$ 39.2k
Magnus Olofsson	Energy Advisory Board Member	4.4yrs	no data	no data
Cornelius Ryan	Strategic & Business Development Advisory Board Member for Energy	4.3yrs	no data	no data
Raffaele Marcellino	Non-Executive Chairman	1.5yrs	AU$43.95k	0.30% A$ 10.0k
Darren Scott	Independent Non-Executive Director	1.4yrs	AU$41.20k	0.74% A$ 25.0k

1.5yrs

Average Tenure

Experienced Board: NVQ's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.

NoviqTech Management

Management criteria checks 1/4

Key information

Recent management updates

Less than half of directors are independent

NoviqTech Limited, Annual General Meeting, May 31, 2024

Less than half of directors are independent

Tymlez Group Limited Announces Management Changes

Tymlez Group Limited Appoints Freddy El Turk as Chief Executive Officer

Insider recently sold AU$310k worth of stock

Recent updates

Less than half of directors are independent

NoviqTech Limited has filed a Follow-on Equity Offering in the amount of AUD 0.3 million.

New minor risk - Insider selling

NoviqTech Limited, Annual General Meeting, May 31, 2024

NoviqTech Limited has completed a Follow-on Equity Offering in the amount of AUD 0.7 million.

Less than half of directors are independent

First half 2023 earnings released: AU$0.002 loss per share (vs AU$0.002 loss in 1H 2022)

Tymlez Group Limited has completed a Follow-on Equity Offering in the amount of AUD 0.849 million.

Tymlez Group Limited Announces Management Changes

Tymlez Group Limited Appoints Freddy El Turk as Chief Executive Officer

Insider recently sold AU$310k worth of stock

Tymlez Group Limited Announces Board Changes

TYMLEZ Group Limited Announces Board Changes

TYMLEZ Group Limited Announces Executive Changes

Acting CEO & Executive Director recently sold AU$163k worth of stock

Tymlez Group Limited Announces Board Changes

Tymlez Group Limited Announces the Removal of Directors

Tymlez Group Limited Appoints Daniel O'Halloran as Group's Acting Chief Executive Officer

Tymlez Group Limited Announces Change of Company Secretary

Tymlez Group Limited has completed a Follow-on Equity Offering in the amount of AUD 0.05 million.

Tymlez Group Limited Announces CEO Changes

Less than half of directors are independent

First half 2022 earnings released: AU$0.002 loss per share (vs AU$0.004 loss in 1H 2021)

Tymlez Group Limited Announces Appointment of Daniel O'Halloran as Executive Chairman

Tymlez Group Limited Approves the Election of Eglantine Etiemble as Director

Tymlez Group Limited Announces Resignation of Luca Febbraio as Non-Executive Director

Eglantine Etiemble Joins the Tymlez Board

High number of new and inexperienced directors

Insider recently sold AU$552k worth of stock

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

Tymlez Group Limited Appoints Rhys George Evans as Non-Executive Director

Tymlez Group Limited Announces Resignation of Justyn Stedwell as Joint Company Secretary

Non-Executive Chairman Wayne Clay has left the company

First half 2021 earnings released: AU$0.004 loss per share (vs AU$0.01 loss in 1H 2020)

Tymlez Group Limited has completed a Follow-on Equity Offering in the amount of AUD 5.65116 million.

Full year 2020 earnings released: AU$0.016 loss per share (vs AU$0.051 loss in FY 2019)

Full year 2020 earnings released: AU$0.016 loss per share (vs AU$0.051 loss in FY 2019)

Tymlez Group Limited Announces Resignation of Reinier Van Der Drift as A Director

TYMLEZ Group Limited Appoints Tim Ebbeck as Non-Executive Director

Tymlez Group Limited Announces CEO Changes

Tymlez Group Limited announced that it expects to receive AUD 2.8 million in funding

First half earnings released

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure