Codan Management

Management criteria checks 2/4

Codan's CEO is Alf Ianniello, appointed in Jan 2022, has a tenure of 2.25 years. total yearly compensation is A$1.08M, comprised of 91.7% salary and 8.3% bonuses, including company stock and options. directly owns 0.023% of the company’s shares, worth A$449.88K. The average tenure of the management team and the board of directors is 1.6 years and 2.3 years respectively.

Key information

Alf Ianniello

Chief executive officer

AU$1.1m

Total compensation

CEO salary percentage	91.7%
CEO tenure	2.3yrs
CEO ownership	0.02%
Management average tenure	1.6yrs
Board average tenure	2.3yrs

Recent management updates

Recent updates

An Intrinsic Calculation For Codan Limited (ASX:CDA) Suggests It's 32% Undervalued

Apr 24

Capital Allocation Trends At Codan (ASX:CDA) Aren't Ideal

Mar 26

There's Reason For Concern Over Codan Limited's (ASX:CDA) Massive 27% Price Jump

Feb 22

Analysts Just Made A Major Revision To Their Codan Limited (ASX:CDA) Revenue Forecasts

Feb 21

Codan (ASX:CDA) Could Easily Take On More Debt

Feb 17

Is Codan Limited (ASX:CDA) Trading At A 45% Discount?

Jan 19

Does Codan (ASX:CDA) Deserve A Spot On Your Watchlist?

Dec 20

Investors Should Be Encouraged By Codan's (ASX:CDA) Returns On Capital

Dec 06

An Intrinsic Calculation For Codan Limited (ASX:CDA) Suggests It's 33% Undervalued

Oct 05

Codan's (ASX:CDA) Upcoming Dividend Will Be Larger Than Last Year's

Aug 21

Returns On Capital Are A Standout For Codan (ASX:CDA)

Aug 13

Calculating The Fair Value Of Codan Limited (ASX:CDA)

Jul 06

Is Now The Time To Put Codan (ASX:CDA) On Your Watchlist?

Jun 03

Is Codan Limited's (ASX:CDA) 1.2% Dividend Worth Your Time?

Apr 08

A Look At The Intrinsic Value Of Codan Limited (ASX:CDA)

Mar 24

Codan (ASX:CDA) Knows How To Allocate Capital Effectively

Mar 09

Analysts Just Published A Bright New Outlook For Codan Limited's (ASX:CDA)

Feb 22

Be Sure To Check Out Codan Limited (ASX:CDA) Before It Goes Ex-Dividend

Feb 21

CEO Compensation Analysis

How has Alf Ianniello's remuneration changed compared to Codan's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	AU$75m
Sep 30 2023	n/a	n/a	AU$71m
Jun 30 2023	AU$1m	AU$987k	AU$68m
Mar 31 2023	n/a	n/a	AU$75m
Dec 31 2022	n/a	n/a	AU$82m
Sep 30 2022	n/a	n/a	AU$91m
Jun 30 2022	AU$1m	AU$519k	AU$101m

Compensation vs Market: Alf's total compensation ($USD702.22K) is below average for companies of similar size in the Australian market ($USD1.44M).

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

CEO

Alf Ianniello (50 yo)

2.3yrs

Tenure

AU$1,075,804

Compensation

Mr. Alfonso Ianniello, also known as Alf, serves as Managing Director, Director and Chief Executive Officer at Codan Limited since January 4, 2022. He began as a defence systems engineer in 1995 with Briti...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Alfonso Ianniello	MD, CEO & Director	2.3yrs	AU$1.08m	0.023% A$ 449.9k
Michael Barton	CFO & Company Secretary	15.9yrs	AU$524.16k	0.11% A$ 2.2m
Scott French	Executive General Manager of Zetron	no data	AU$726.06k	0.021% A$ 420.3k
Kayi Li	Manager of Investor Relations	no data	no data	no data
Daniel Hutchinson	Executive General Manager of Strategy	less than a year	no data	no data
Marjolijn Woods	Chief Human Resource Officer	1.3yrs	no data	no data
Daniel Widera	Joint Company Secretary	1.6yrs	no data	no data

1.6yrs

Average Tenure

Experienced Management: CDA's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Alfonso Ianniello	MD, CEO & Director	2.3yrs	AU$1.08m	0.023% A$ 449.9k
Kathryn Gramp	Independent Non-Executive Director	8.4yrs	AU$115.89k	0.015% A$ 306.3k
Graeme Rodger Barclay	Independent Non-Executive Chairman	9.2yrs	AU$150.50k	0.068% A$ 1.4m
Heith MacKay-Cruise	Independent Non-Executive Director	1.1yrs	AU$35.41k	0.0083% A$ 164.0k
Sarah Adam-Gedge	Independent Non-Executive Director	1.2yrs	AU$44.27k	0.0044% A$ 87.5k

2.3yrs

Average Tenure

Experienced Board: CDA's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.

Codan Management

Management criteria checks 2/4

Key information

Recent management updates

Codan Limited, Annual General Meeting, Oct 25, 2023

Less than half of directors are independent

Codan Limited Announces Management Changes

Codan Limited Announces Management Changes

Insider recently bought AU$11m worth of stock

Independent Non-Executive Director recently bought AU$230k worth of stock

Recent updates

An Intrinsic Calculation For Codan Limited (ASX:CDA) Suggests It's 32% Undervalued

Now 20% undervalued

Capital Allocation Trends At Codan (ASX:CDA) Aren't Ideal

Now 21% undervalued

First half dividend of AU$0.10 announced

There's Reason For Concern Over Codan Limited's (ASX:CDA) Massive 27% Price Jump

First half 2024 earnings released: EPS: AU$0.21 (vs AU$0.17 in 1H 2023)

Price target increased by 20% to AU$10.58

Investor sentiment improves as stock rises 17%

Codan Limited to Report First Half, 2024 Results on Feb 21, 2024

Now 20% undervalued

A Look At The Fair Value Of Codan Limited (ASX:CDA)

Now 21% undervalued

Codan Limited, Annual General Meeting, Oct 25, 2023

Codan's (ASX:CDA) Shareholders Will Receive A Smaller Dividend Than Last Year

Full year 2023 earnings: Revenues exceed analyst expectations

Codan Limited Announces Ordinary Fully Paid Dividend for Six Months Ended June 30, 2023, Payable on September 20, 2023

Price target increased by 11% to AU$8.28

Codan Limited to Report Fiscal Year 2023 Results on Aug 17, 2023

Codan Limited (ASX:CDA) acquired Eagle NewCo Limited from NEC Software Solutions UK Limited for AUD 22 million.

Price target increased by 14% to AU$7.32

Codan (ASX:CDA) Has A Pretty Healthy Balance Sheet

Some Investors May Be Worried About Codan's (ASX:CDA) Returns On Capital

Less than half of directors are independent

Price target increased by 11% to AU$7.17

Codan Limited Announces Ordinary Fully Paid Dividend for Six Months Ended December 31, 2022, Payable on March 10, 2023

First half 2023 earnings: EPS misses analyst expectations

Price target increased by 7.8% to AU$6.50

Codan Limited Announces Management Changes

Codan Limited Announces Management Changes

Codan Limited to Report First Half, 2023 Results on Feb 16, 2023

Codan Limited Revises Earnings Guidance for the First Half Year Ended 31 December 2022

Investor sentiment improves as stock rises 19%

Insider recently bought AU$11m worth of stock

Now 21% undervalued after recent price drop

Price target decreased to AU$6.03

Independent Non-Executive Director recently bought AU$230k worth of stock

Time To Worry? Analysts Are Downgrading Their Codan Limited (ASX:CDA) Outlook

Codan Limited Announces Peter Leahy Intents to Retire as Director

Investor sentiment deteriorated over the past week

Consensus EPS estimates fall by 11%

Price target decreased to AU$8.29

Codan (ASX:CDA) Is Aiming To Keep Up Its Impressive Returns

Investor sentiment deteriorated over the past week

Is Codan (ASX:CDA) Using Too Much Debt?

Here's Why We Think Codan (ASX:CDA) Is Well Worth Watching

Codan Limited, Annual General Meeting, Oct 26, 2022

Codan Limited Appoints Daniel Widera as Joint Company Secretary, Effective 1 September 2022

Investor sentiment deteriorated over the past week

Should You Investigate Codan Limited (ASX:CDA) At AU$7.67?

Full year 2022 earnings: EPS in line with expectations, revenues disappoint

Codan Limited Announces Ordinary Distribution for the Period of Six Months Period Ended June 30, 2022, Payable on 7 September 2022

Peter Leahy Not Stand for Re- Election as Director of Codan

Is There An Opportunity With Codan Limited's (ASX:CDA) 50% Undervaluation?

Independent Non-Executive Director recently bought AU$108k worth of stock

Capital Investment Trends At Codan (ASX:CDA) Look Strong

These 4 Measures Indicate That Codan (ASX:CDA) Is Using Debt Safely

MD, CEO & Director recently bought AU$106k worth of stock

Investor sentiment improved over the past week

MD, CEO & Director recently bought AU$182k worth of stock

Price target decreased to AU$12.06

Here's Why We Think Codan (ASX:CDA) Is Well Worth Watching

Capital Investment Trends At Codan (ASX:CDA) Look Strong

Consensus revenue estimates fall by 11%

Analysts Just Made A Major Revision To Their Codan Limited (ASX:CDA) Revenue Forecasts

First half 2022 earnings: EPS and revenues miss analyst expectations

Codan Limited Announces Ordinary Fully Paid Dividend for Six Months Ended December 31, 2021, Payable on March 10, 2022

Codan (ASX:CDA) Could Easily Take On More Debt

Price target decreased to AU$14.29