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Picanol Management

Management criteria checks 2/4

Key information

Luc Tack

Chief executive officer

€3.0m

Total compensation

CEO salary percentage24.7%
CEO tenure13.7yrs
CEO ownership64.0%
Management average tenure12.8yrs
Board average tenure12.9yrs

Recent management updates

Should Shareholders Reconsider Picanol nv's (EBR:PIC) CEO Compensation Package?

May 10
Should Shareholders Reconsider Picanol nv's (EBR:PIC) CEO Compensation Package?

Recent updates

We Think Picanol (EBR:PIC) Can Manage Its Debt With Ease

Oct 12
We Think Picanol (EBR:PIC) Can Manage Its Debt With Ease

Picanol (EBR:PIC) May Have Issues Allocating Its Capital

Sep 20
Picanol (EBR:PIC) May Have Issues Allocating Its Capital

Picanol (EBR:PIC) Is Reinvesting At Lower Rates Of Return

Jun 18
Picanol (EBR:PIC) Is Reinvesting At Lower Rates Of Return

We Think That There Are Issues Underlying Picanol's (EBR:PIC) Earnings

Apr 14
We Think That There Are Issues Underlying Picanol's (EBR:PIC) Earnings

We Think Picanol (EBR:PIC) Can Manage Its Debt With Ease

Apr 12
We Think Picanol (EBR:PIC) Can Manage Its Debt With Ease

Picanol (EBR:PIC) Is Reinvesting At Lower Rates Of Return

Feb 20
Picanol (EBR:PIC) Is Reinvesting At Lower Rates Of Return

Some Investors May Be Worried About Picanol's (EBR:PIC) Returns On Capital

Nov 16
Some Investors May Be Worried About Picanol's (EBR:PIC) Returns On Capital

Is Picanol (EBR:PIC) A Risky Investment?

Sep 22
Is Picanol (EBR:PIC) A Risky Investment?

An Intrinsic Calculation For Picanol nv (EBR:PIC) Suggests It's 23% Undervalued

Sep 05
An Intrinsic Calculation For Picanol nv (EBR:PIC) Suggests It's 23% Undervalued

Capital Allocation Trends At Picanol (EBR:PIC) Aren't Ideal

Aug 18
Capital Allocation Trends At Picanol (EBR:PIC) Aren't Ideal

Should Shareholders Reconsider Picanol nv's (EBR:PIC) CEO Compensation Package?

May 10
Should Shareholders Reconsider Picanol nv's (EBR:PIC) CEO Compensation Package?

Calculating The Fair Value Of Picanol nv (EBR:PIC)

May 09
Calculating The Fair Value Of Picanol nv (EBR:PIC)

Picanol (EBR:PIC) Could Easily Take On More Debt

Apr 20
Picanol (EBR:PIC) Could Easily Take On More Debt

Picanol (EBR:PIC) Could Be Struggling To Allocate Capital

Mar 31
Picanol (EBR:PIC) Could Be Struggling To Allocate Capital

Picanol nv's (EBR:PIC) Stock Is Rallying But Financials Look Ambiguous: Will The Momentum Continue?

Feb 08
Picanol nv's (EBR:PIC) Stock Is Rallying But Financials Look Ambiguous: Will The Momentum Continue?

An Intrinsic Calculation For Picanol nv (EBR:PIC) Suggests It's 33% Undervalued

Jan 11
An Intrinsic Calculation For Picanol nv (EBR:PIC) Suggests It's 33% Undervalued

Would Shareholders Who Purchased Picanol's (EBR:PIC) Stock Three Years Be Happy With The Share price Today?

Dec 14
Would Shareholders Who Purchased Picanol's (EBR:PIC) Stock Three Years Be Happy With The Share price Today?

Is Picanol (EBR:PIC) A Risky Investment?

Nov 23
Is Picanol (EBR:PIC) A Risky Investment?

CEO Compensation Analysis

How has Luc Tack's remuneration changed compared to Picanol's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2022n/an/a

€137m

Mar 31 2022n/an/a

€149m

Dec 31 2021€3m€748k

€161m

Sep 30 2021n/an/a

€127m

Jun 30 2021n/an/a

€94m

Mar 31 2021n/an/a

€75m

Dec 31 2020€1m€748k

€55m

Sep 30 2020n/an/a

€57m

Jun 30 2020n/an/a

€58m

Mar 31 2020n/an/a

€50m

Dec 31 2019€2m€716k

€42m

Sep 30 2019n/an/a

€53m

Jun 30 2019n/an/a

€65m

Mar 31 2019n/an/a

€88m

Dec 31 2018€125k€100k

€111m

Sep 30 2018n/an/a

€111m

Jun 30 2018n/an/a

€111m

Mar 31 2018n/an/a

€106m

Dec 31 2017€125k€100k

€102m

Sep 30 2017n/an/a

€110m

Jun 30 2017n/an/a

€117m

Mar 31 2017n/an/a

€119m

Dec 31 2016€25k€25k

€120m

Compensation vs Market: Luc's total compensation ($USD3.24M) is above average for companies of similar size in the Belgian market ($USD816.93K).

Compensation vs Earnings: Luc's compensation has increased by more than 20% in the past year.


CEO

Luc Tack (61 yo)

13.7yrs

Tenure

€3,033,096

Compensation

Mr. Luc Tack has been Chief Executive Officer of Tessenderlo Group NV (formerly known as Tessenderlo Chemie NV) since December 18, 2013 and its Executive Director since November 13, 2013. Mr. Tack has been...


Leadership Team

NamePositionTenureCompensationOwnership
Stefaan Haspeslagh
Chairman & CFO12.9yrs€3.01mno data
Luc Tack
CEO & Executive Director13.7yrs€3.03m64.02%
€ 757.7m
Karen D'Hondt
Corporate Secretary12.8yrsno datano data
Geert Ostyn
SVP of Business Transformation & Strategic Alignment / Vice President Operations Weaving Machines3.9yrsno datano data

12.8yrs

Average Tenure

Experienced Management: PIC's management team is seasoned and experienced (12.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Stefaan Haspeslagh
Chairman & CFO12.9yrs€3.01mno data
Luc Tack
CEO & Executive Director13.7yrs€3.03m64.02%
€ 757.7m
Luc Van Nevel
Non-Executive Independent Director6.9yrs€29.50kno data
Jean Dejaeghere
Non-Executive Independent Director12.9yrs€29.50kno data
Patrick Steverlynck
Non-Executive Director13.3yrs€29.50kno data
Chantal De Vrieze
Non-Executive Independent Director5.9yrs€29.50kno data
Ann Vereecke
Non-Executive Independent Director4.1yrs€29.50kno data

12.9yrs

Average Tenure

64yo

Average Age

Experienced Board: PIC's board of directors are seasoned and experienced ( 12.9 years average tenure).


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