Carlsberg Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Jacob Aarup-Andersen

Chief executive officer

kr.53.1m

Total compensation

CEO salary percentage	8.3%
CEO tenure	less than a year
CEO ownership	n/a
Management average tenure	4.3yrs
Board average tenure	5.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jacob Aarup-Andersen's remuneration changed compared to Carlsberg's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	kr.53m	kr.4m	kr.7b

Compensation vs Market: Jacob's total compensation ($USD7.62M) is about average for companies of similar size in the Swiss market ($USD7.02M).

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

CEO

Jacob Aarup-Andersen (46 yo)

less than a year

Tenure

kr.53,100,000

Compensation

Mr. Jacob Aarup-Andersen serves as Group Chief Executive Officer, Member of Executive Board and Member of Supervisory Board at Carlsberg Breweries A/S since September 01, 2023. He serves as an Independent...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Jacob Aarup-Andersen	Chief Executive Officer	less than a year	kr.53.10m	no data
Ulrica Fearn	CFO & Member of Executive Board	1.3yrs	kr.22.30m	no data
Sarah Haywood	Chief Information Officer	no data	no data	no data
Peter Kondrup	Vice President of Investor Relations	15.3yrs	no data	no data
Joris Huijsmans	Executive VP & Chief Human Resources Officer	3.3yrs	no data	no data
Lars Lehmann	Executive Vice President of Central & Eastern Europe	4.9yrs	no data	no data
Graham Fewkes	Executive Vice President of Western Europe	8.3yrs	no data	no data
Søren Brinck	Executive VP of Group Strategy & Digital and Acting Executive VP of Group Commercial	4.3yrs	no data	no data
Joao Abecasis	Executive Vice President - Asia	5.3yrs	no data	no data
Victor Shevtsov	Executive Vice President of Supply Chain	3.3yrs	no data	no data
Cecilia Lundgren	CFO of Western Europe and DE&I Council Chair	no data	no data	no data
Dejan Beko	Managing Director of Greece	no data	no data	no data

4.3yrs

Average Tenure

50.5yo

Average Age

Experienced Management: CARLB's management team is considered experienced (4.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Richard George Burrows	Non-Executive Non Independent Member of the Supervisory Board	15.3yrs	kr.1.07m	0.0015% DKK 268.8k
Lilian Biner	Non-Executive Independent Member of the Supervisory Board	5.1yrs	kr.1.16m	0.00026% DKK 45.4k
Majken Schultz	Non-Executive Non-Independent Deputy Chairman of Supervisory Board	5.1yrs	kr.1.04m	0.00011% DKK 19.2k
Eva Decker	Employee Representative Member of Supervisory Board	10.3yrs	kr.440.00k	0.000050% DKK 8.7k
Punita Lal	Non-Executive Independent Member of Supervisory Board	2.1yrs	kr.630.00k	no data
Henrik Poulsen	Non-Executive Independent Chairman of the Supervisory Board	3.1yrs	kr.2.05m	0.0023% DKK 401.5k
Magdi Batato	Non-Executive Independent Member of Supervisory Board	6.1yrs	kr.770.00k	0.00038% DKK 66.3k
Esko Aro	Non-Executive Independent Member of Supervisory Board	2.1yrs	kr.480.00k	no data
Soren-Peter Olesen	Non-Executive Non-Independent Member of Supervisory Board	12.1yrs	kr.610.00k	0.00064% DKK 111.7k
Erik Lund	Employee Representative Member of Supervisory Board	8.5yrs	kr.460.00k	0.000040% DKK 7.0k
Tenna Thorsted	Employee Representative Member of Supervisory Board	2.1yrs	kr.350.00k	0.000020% DKK 3.5k
Olayide Oladokun	Employee Representative Member of Supervisory Board	2.1yrs	kr.460.00k	no data

5.1yrs

Average Tenure

60yo

Average Age

Experienced Board: CARLB's board of directors are considered experienced (5.1 years average tenure).

Carlsberg Management

Management criteria checks 3/4

Key information

Recent management updates

Carlsberg A/S Appoints Bob Kunze-Concewitz as Members of the Supervisory Board

Carlsberg A/S, Annual General Meeting, Mar 11, 2024

Carlsberg A/S Announces Supervisory Board Changes

Carlsberg A/S Announces Not Stand for Re-Election of Carl Bache as Director

Carlsberg Group Appoints Ulrica Fearn as Member of the Executive Board, Effective 1 January 2023

Carlsberg Announces the Resignation of Heine Dalsgaard as CFO, Effective 31 December 2022

Recent updates

Carlsberg A/S Appoints Bob Kunze-Concewitz as Members of the Supervisory Board

Carlsberg A/S Approves Distribution of the Profit for the Year 2023

Upcoming dividend of kr.27.00 per share

Dividend of kr.27.00 announced

Full year 2023 earnings released

Carlsberg A/S, Annual General Meeting, Mar 11, 2024

First half 2023 earnings released: EPS: kr.28.49 (vs kr.23.71 in 1H 2022)

An unknown buyer signed an agreement to acquire Russian business from Carlsberg A/S.

Carlsberg A/S Announces Supervisory Board Changes

Upcoming dividend of kr.27.00 per share at 2.7% yield

Carlsberg A/S Announces Not Stand for Re-Election of Carl Bache as Director

Carlsberg A/S Proposes Dividend for 2022

Full year 2022 earnings released

Carlsberg A/S Provides Earnings Guidance for the Year 2022

Carlsberg A/S to Report First Half, 2023 Results on Aug 16, 2023

Carlsberg Group Appoints Ulrica Fearn as Member of the Executive Board, Effective 1 January 2023

First half 2022 earnings released: EPS: kr.23.71 (vs kr.18.75 in 1H 2021)

Carlsberg A/S Upgrades Financial Guidance for the Year 2022

Carlsberg Announces the Resignation of Heine Dalsgaard as CFO, Effective 31 December 2022

Carlsberg, Nirma, Oaktree Capital and Cerberus in Race for Hindusthan National Glass

Carlsberg Reportedly in Talks to Sell Russian Unit to Chernogolovka

Upcoming dividend of kr.24.00 per share

Carlsberg A/S Provides Earnings Guidance for the Fiscal Year 2022

Carlsberg A/S Approves Dividend for the Full Year 2021

Full year 2021 earnings: Revenues in line with analyst expectations

Investor sentiment improved over the past week

First half 2021 earnings released: EPS kr.20.92 (vs kr.19.42 in 1H 2020)

Investor sentiment improved over the past week

Carlsberg A/S Provides Earnings Guidance for the Full Year 2021

Independent Member of Supervisory Board has left the company

Carlsberg A/S Approves Dividend for the Full Year 2020

Carlsberg A/S Elects Henrik Poulsen as Deputy Chair

Executive Vice President of Western Europe Jacek Pastuszka has left the company

Full year 2020 earnings released

Revenue misses expectations

Joris Huijsmans Joins Carlsberg Group as New Chief Human Resources Officer

Carlsberg A/S to Report Fiscal Year 2020 Results on Feb 05, 2021

Carlsberg A/S (CPSE:CARL B) entered into an agreement to acquire Wernesgrüner Brauerei GmbH from Bitburger Braugruppe GmbH.

Carlsberg A/S to Report Q3, 2020 Results on Oct 28, 2020

Carlsberg A/S Provides Updated on Earnings Guidance for the Year 2020

Earnings released

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age