Lear Management

Management criteria checks 2/4

Lear's CEO is Ray Scott, appointed in Mar 2018, has a tenure of 6.67 years. total yearly compensation is $18.89M, comprised of 6.9% salary and 93.1% bonuses, including company stock and options. directly owns 0.025% of the company’s shares, worth €1.23M. The average tenure of the management team and the board of directors is 5.2 years and 7.7 years respectively.

Key information

Ray Scott

Chief executive officer

US$18.9m

Total compensation

CEO salary percentage	6.9%
CEO tenure	6.7yrs
CEO ownership	0.03%
Management average tenure	5.2yrs
Board average tenure	7.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Ray Scott's remuneration changed compared to Lear's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 28 2024	n/a	n/a	US$546m
Jun 29 2024	n/a	n/a	US$543m
Mar 30 2024	n/a	n/a	US$539m
Dec 31 2023	US$19m	US$1m	US$573m
Sep 30 2023	n/a	n/a	US$563m
Jul 01 2023	n/a	n/a	US$522m
Apr 01 2023	n/a	n/a	US$422m
Dec 31 2022	US$15m	US$1m	US$328m
Oct 01 2022	n/a	n/a	US$232m
Jul 02 2022	n/a	n/a	US$113m
Apr 02 2022	n/a	n/a	US$220m
Dec 31 2021	US$13m	US$1m	US$374m
Oct 02 2021	n/a	n/a	US$554m
Jul 03 2021	n/a	n/a	US$755m
Apr 03 2021	n/a	n/a	US$286m
Dec 31 2020	US$15m	US$1m	US$159m
Oct 03 2020	n/a	n/a	US$109m
Jul 04 2020	n/a	n/a	US$155m
Apr 04 2020	n/a	n/a	US$630m
Dec 31 2019	US$14m	US$1m	US$790m
Sep 28 2019	n/a	n/a	US$856m
Jun 29 2019	n/a	n/a	US$886m
Mar 30 2019	n/a	n/a	US$1b
Dec 31 2018	US$10m	US$1m	US$1b
Sep 29 2018	n/a	n/a	US$1b
Jun 30 2018	n/a	n/a	US$1b
Mar 31 2018	n/a	n/a	US$1b
Dec 31 2017	US$5m	US$855k	US$1b

Compensation vs Market: Ray's total compensation ($USD18.89M) is above average for companies of similar size in the German market ($USD3.50M).

Compensation vs Earnings: Ray's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Ray Scott (59 yo)

6.7yrs

Tenure

US$18,891,372

Compensation

Mr. Raymond E. Scott Jr., also known as Ray, serves as President, Chief Executive Officer and Director at Lear Corporation since May 1, 2018 and had been its Interim President of E-Systems since January 28...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Raymond Scott	President	6.7yrs	US$18.89m	0.025% € 1.2m
Jason Cardew	Senior VP & CFO	5yrs	US$6.56m	0.032% € 1.6m
Harry Kemp	Senior VP	5.3yrs	US$4.10m	0.021% € 1.0m
Frank Orsini	Executive VP & President of Seating	13.1yrs	US$6.53m	0.029% € 1.4m
Carl Esposito	Senior Vice President of IDEA	5.2yrs	US$4.29m	0.046% € 2.3m
Amy Doyle	VP & Chief Accounting Officer	7.5yrs	no data	0.0030% € 148.7k
Marianne Vidershain	VP, Treasurer & Head of Investor Relations	3.8yrs	no data	0.0012% € 57.7k
Katya Pruett	Vice President of Global Marketing & Communications	1.8yrs	no data	no data
Rashida Thomas	Chief Diversity Officer & Director of Talent Management	6.5yrs	no data	no data
Alicia Davis	Senior VP & Chief Strategy Officer	3.5yrs	no data	0.012% € 595.5k
Nicholas Roelli	Senior VP & President of E-Systems	less than a year	no data	0.00050% € 24.5k

5.2yrs

Average Tenure

53yo

Average Age

Experienced Management: LE6N's management team is seasoned and experienced (5.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Raymond Scott	President	6.7yrs	US$18.89m	0.025% € 1.2m
Jonathan Foster	Independent Director	15yrs	US$309.95k	0.023% € 1.1m
Kathleen Ligocki	Independent Director	12.2yrs	US$309.95k	0.0066% € 321.5k
Gregory Smith	Independent Non-Executive Chairman	15yrs	US$489.91k	0.026% € 1.3m
Conrad Mallett	Independent Director	22.3yrs	US$304.95k	no data
Roger Krone	Independent Director	4yrs	US$289.95k	0.0011% € 52.4k
Mei-Wei Cheng	Independent Director	5.8yrs	US$289.95k	0.0026% € 128.2k
Bradley Halverson	Independent Director	4.4yrs	US$289.95k	0.0092% € 448.2k
Mary Jepsen	Independent Director	8.7yrs	US$289.95k	0.018% € 872.9k
Patricia Lewis	Independent Director	4yrs	US$289.95k	0.0077% € 377.2k

7.7yrs

Average Tenure

65.5yo

Average Age

Experienced Board: LE6N's board of directors are considered experienced (7.7 years average tenure).

Lear Management

Management criteria checks 2/4

Key information

Recent management updates

Lear Corporation Appoints Rod Lache to Board of Directors

Lear Corporation Announces Two Key Leadership Changes

Lear Corporation, Annual General Meeting, May 16, 2024

Insufficient new directors

Executive VP & President of Seating recently sold €1.8m worth of stock

President recently sold €2.2m worth of stock

Recent updates

Lear Corporation Updates Earnings Guidance for the Full Year 2024

Third quarter 2024 earnings released: EPS: US$2.41 (vs US$2.26 in 3Q 2023)

Lear Corporation(NYSE:LEA) dropped from FTSE All-World Index (USD)

Second quarter dividend of US$0.77 announced

Lear Corporation Declares Quarterly Cash Dividend, Payable on September 23, 2024

Lear Corporation Appoints Rod Lache to Board of Directors

Second quarter 2024 earnings released: EPS: US$3.04 (vs US$2.85 in 2Q 2023)

Lear Corporation Provides Earnings Guidance for the Full Year 2024

Lear Corporation (NYSE:LEA) completed the acquisition of WIP Industrial Automation.

New minor risk - Insider selling

Lear Corporation Announces Two Key Leadership Changes

First quarter dividend of US$0.77 announced

Lear Corporation Declares A Quarterly Cash Dividend, Payable on June 25, 2024

First quarter 2024 earnings released: EPS: US$1.90 (vs US$2.42 in 1Q 2023)

Lear Corporation Reaffirms Earnings Guidance for the Full Year 2024

Lear Corporation, Annual General Meeting, May 16, 2024

Now 21% undervalued

Lear Corporation to Report Q1, 2024 Results on Apr 30, 2024

Upcoming dividend of US$0.77 per share

Fourth quarter dividend of US$0.77 announced

Lear Corporation Declares a Quarterly Cash Dividend, Payable on March 27, 2024

Full year 2023 earnings released: EPS: US$9.69 (vs US$5.49 in FY 2022)

Lear Corporation Provides Earnings Guidance for the Full Year 2024

Now 21% undervalued after recent price drop

Lear Corporation to Report Q4, 2023 Results on Feb 06, 2024

Insufficient new directors

Upcoming dividend of US$0.77 per share at 2.3% yield

Lear Corporation Declares Quarterly Cash Dividend, Payable on December 26, 2023

Lear Corporation Provides Earnings Guidance for the Year 2023

Third quarter 2023 earnings released: EPS: US$2.26 (vs US$1.55 in 3Q 2022)

Upcoming dividend of US$0.77 per share at 2.2% yield

Lear Corporation Declares Quarterly Cash Dividend, Payable on September 19, 2023

Executive VP & President of Seating recently sold €1.8m worth of stock

Second quarter 2023 earnings released: EPS: US$2.84 (vs US$1.14 in 2Q 2022)

Lear Corporation to Report Q2, 2023 Results on Aug 01, 2023

Lear Increases Earnings Guidance for the Full Year 2023

President recently sold €2.2m worth of stock

Upcoming dividend of US$0.77 per share at 2.5% yield

Lear Corporation Declares Quarterly Cash Dividend on its Common Stock, Payable on June 28, 2023

First quarter 2023 earnings released: EPS: US$2.41 (vs US$0.82 in 1Q 2022)

Now 20% undervalued after recent price drop

Now 21% undervalued

Insider recently sold €1.1m worth of stock

Upcoming dividend of US$0.77 per share at 2.2% yield

Senior VP & Chief Strategy Officer recently sold €190k worth of stock

Lear Corporation Declares Quarterly Cash Dividend, Payable on March 29, 2023

Now 21% undervalued after recent price drop

Full year 2022 earnings released: EPS: US$5.47 (vs US$6.22 in FY 2021)

Lear Corporation Provides Earnings Guidance for the Full Year of 2023

President recently sold €66k worth of stock

Upcoming dividend of US$0.77 per share

Lear Corporation (NYSE:LEA) acquired Intouch Automation, Inc.

Senior VP & CFO recently sold €141k worth of stock

Lear Corporation Declares Quarterly Cash Dividend, Payable on December 27, 2022

Insider recently sold €172k worth of stock

Third quarter 2022 earnings released: EPS: US$1.55 (vs US$0.44 loss in 3Q 2021)

Lear Corporation Provides Earnings Guidance for the Full Year of 2022

Lear Corporation Launches Renewknit Sueded Material

Lear Corporation Announces Management Changes

Lear Corporation to Report Q3, 2022 Results on Nov 01, 2022

Upcoming dividend of US$0.77 per share

Lear Corporation Declares Quarterly Cash Dividend, Payable on September 20, 2022

Second quarter 2022 earnings released: EPS: US$1.14 (vs US$2.91 in 2Q 2021)

Lear Corporation Provides Sales Guidance for the Year 2022

Upcoming dividend of US$0.77 per share

President recently sold €490k worth of stock

Lear Corporation (NYSE:LEA) entered into a definitive agreement to acquire I.G.Bauerhin GmbH for €140 million.

Lear Corporation Declares Quarterly Cash Dividend, Payable on June 29, 2022

Lear Corporation Provides Earnings Guidance for the Year 2022