Merck KGaA Management
Management criteria checks 2/4
Merck KGaA's CEO is Belen Garijo Lopez, appointed in Jan 2015, has a tenure of 8.67 years. total yearly compensation is €10.53M, comprised of 14.2% salary and 85.8% bonuses, including company stock and options. directly owns 0.003% of the company’s shares, worth €2.05M. The average tenure of the management team and the board of directors is 8.7 years and 4.4 years respectively.
Key information
Belen Garijo Lopez
Chief executive officer
€10.5m
Total compensation
| CEO salary percentage | 14.2% |
| CEO tenure | 8.7yrs |
| CEO ownership | 0.003% |
| Management average tenure | 8.7yrs |
| Board average tenure | 4.4yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2023 | n/a | n/a | €3b |
| Mar 31 2023 | n/a | n/a | €3b |
| Dec 31 2022 | €11m | €2m | €3b |
| Sep 30 2022 | n/a | n/a | €3b |
| Jun 30 2022 | n/a | n/a | €3b |
| Mar 31 2022 | n/a | n/a | €3b |
| Dec 31 2021 | €9m | €1m | €3b |
| Sep 30 2021 | n/a | n/a | €3b |
| Jun 30 2021 | n/a | n/a | €3b |
| Mar 31 2021 | n/a | n/a | €2b |
| Dec 31 2020 | €7m | €1m | €2b |
| Sep 30 2020 | n/a | n/a | €2b |
| Jun 30 2020 | n/a | n/a | €1b |
| Mar 31 2020 | n/a | n/a | €2b |
| Dec 31 2019 | €6m | €1m | €1b |
| Sep 30 2019 | n/a | n/a | €1b |
| Jun 30 2019 | n/a | n/a | €1b |
| Mar 31 2019 | n/a | n/a | €938m |
| Dec 31 2018 | €7m | €1m | €1b |
| Sep 30 2018 | n/a | n/a | €2b |
| Jun 30 2018 | n/a | n/a | €2b |
| Mar 31 2018 | n/a | n/a | €2b |
| Dec 31 2017 | €6m | €1m | €3b |
| Sep 30 2017 | n/a | n/a | €2b |
| Jun 30 2017 | n/a | n/a | €2b |
| Mar 31 2017 | n/a | n/a | €2b |
| Dec 31 2016 | €6m | €1m | €2b |
Compensation vs Market: Belen's total compensation ($USD11.22M) is above average for companies of similar size in the BG market ($USD4.12M).
Compensation vs Earnings: Belen's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Belen Garijo Lopez (63 yo)
8.7yrs
Tenure
€10,529,000
Compensation
Ms. Belen Garijo Lopez, M.D., serves as Chair of Executive Board and Chief Executive Officer at MERCK Kommanditgesellschaft auf Aktien since May 1, 2021 and served as Vice Chairman of the Executive Board a...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chair of Executive Board & CEO | 8.7yrs | €10.53m | 0.0029% € 2.1m | |
| CFO & Member of Executive Board | less than a year | €80.00k | no data | |
| CEO of Electronics & Member of the Executive Board | 12.4yrs | €8.33m | 0.0024% € 1.7m | |
| CEO of Healthcare Business & Member of Executive Board | 2.7yrs | €5.20m | no data | |
| CEO of Life Science Sector & Member of Executive Board | 2.4yrs | €4.06m | no data | |
| Head of Investor Relations | 10.7yrs | no data | no data | |
| Group General Counsel and Head of Group Legal & Compliance | 9.4yrs | no data | no data | |
| Chief Compliance Officer | 4.2yrs | no data | no data | |
| Head of the Global HR Business Partner Organization | 8.7yrs | no data | no data | |
| Head of Corporate & Government Relations - Europe | 14.3yrs | no data | no data | |
| Head of Life Science Controlling | no data | no data | no data | |
| Head of the Display Materials Business Unit for Performance Materials | 6.4yrs | no data | no data |
8.7yrs
Average Tenure
56yo
Average Age
Experienced Management: MRK's management team is seasoned and experienced (8.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Chairman of Supervisory Board | 14.2yrs | €112.00k | no data | |
| Independent Member of Supervisory Board | 4.4yrs | €59.50k | no data | |
| Independent Member of Supervisory Board | 9.3yrs | €50.00k | no data | |
| Independent Member of Supervisory Board | 9.3yrs | €50.00k | no data | |
| Independent Member of Supervisory Board | 9.3yrs | €50.00k | no data | |
| Member of Supervisory Board | 3.3yrs | €50.00k | no data | |
| Vice Chair of Supervisory Board | 4.4yrs | €88.50k | no data | |
| Independent Member of Supervisory Board | 4.4yrs | €50.00k | no data | |
| Independent Member of Supervisory Board | 4.4yrs | €50.00k | no data | |
| Independent Member of Supervisory Board | 4.4yrs | €50.00k | no data | |
| Independent Member of Supervisory Board | 4.4yrs | €50.00k | no data | |
| Independent Member of Supervisory Board | 4.4yrs | €65.00k | no data |
4.4yrs
Average Tenure
61yo
Average Age
Experienced Board: MRK's board of directors are considered experienced (4.4 years average tenure).