Vestjysk Bank Management
Management criteria checks 3/4
Vestjysk Bank's CEO is Jan Madsen, appointed in Nov 2014, has a tenure of 9.42 years. directly owns 0.01% of the company’s shares, worth €75.79K. The average tenure of the management team and the board of directors is 9.4 years and 3.3 years respectively.
Key information
Jan Madsen
Chief executive officer
n/a
Total compensation
| CEO salary percentage | n/a |
| CEO tenure | 9.4yrs |
| CEO ownership | 0.01% |
| Management average tenure | 9.4yrs |
| Board average tenure | 3.3yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | n/a | n/a | kr.1b |
| Sep 30 2023 | n/a | n/a | kr.934m |
| Jun 30 2023 | n/a | n/a | kr.833m |
| Mar 31 2023 | n/a | n/a | kr.652m |
| Dec 31 2022 | n/a | n/a | kr.543m |
| Sep 30 2022 | n/a | n/a | kr.482m |
| Jun 30 2022 | n/a | n/a | kr.520m |
| Mar 31 2022 | n/a | n/a | kr.611m |
| Dec 31 2021 | n/a | n/a | kr.1b |
| Sep 30 2021 | n/a | n/a | kr.937m |
| Jun 30 2021 | n/a | n/a | kr.884m |
| Mar 31 2021 | n/a | n/a | kr.794m |
| Dec 31 2020 | kr.4m | kr.4m | kr.303m |
| Sep 30 2020 | n/a | n/a | kr.331m |
| Jun 30 2020 | n/a | n/a | kr.457m |
| Mar 31 2020 | n/a | n/a | kr.463m |
| Dec 31 2019 | kr.4m | kr.4m | kr.478m |
| Sep 30 2019 | n/a | n/a | kr.527m |
| Jun 30 2019 | n/a | n/a | kr.340m |
| Mar 31 2019 | n/a | n/a | kr.297m |
| Dec 31 2018 | kr.4m | kr.4m | kr.296m |
| Sep 30 2018 | n/a | n/a | kr.179m |
| Jun 30 2018 | n/a | n/a | kr.175m |
| Mar 31 2018 | n/a | n/a | kr.179m |
| Dec 31 2017 | kr.3m | kr.3m | kr.163m |
Compensation vs Market: Insufficient data to establish whether Jan's total compensation is reasonable compared to companies of similar size in the German market.
Compensation vs Earnings: Jan's compensation has been consistent with company performance over the past year.
CEO
Jan Madsen (63 yo)
9.4yrs
Tenure
kr.3,855,000
Compensation
Mr. Jan Ulso Madsen has been Chief Executive Officer of Vestjysk Bank A/S since February 1, 2015 and as its Member of Executive Board since November 28, 2014. Mr. Madsen served as Country Manager of Danmar...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Member of Executive Board | 9.4yrs | kr.3.86m | 0.010% DKK 75.8k | |
| MD & Member of Executive Board | 11.6yrs | kr.3.06m | 0.0073% DKK 55.1k | |
| Deputy CEO & Member of Executive Board | less than a year | no data | no data | |
| Chief Audit Executive | no data | no data | no data |
9.4yrs
Average Tenure
60yo
Average Age
Experienced Management: 24V's management team is seasoned and experienced (9.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Chairman of the Board | 5yrs | kr.638.00k | 0.012% DKK 91.7k | |
| Vice Chairman of the Board | 2.1yrs | no data | 0.0022% DKK 16.5k | |
| Independent Director | 11.1yrs | kr.300.00k | 0.010% DKK 76.4k | |
| Employee Elected Director | no data | kr.225.00k | 0.0015% DKK 11.2k | |
| Independent Director | 3.3yrs | no data | 0.0061% DKK 45.7k | |
| Independent Director | 6yrs | kr.200.00k | 0.016% DKK 118.9k | |
| Employee Elected Director | no data | kr.210.00k | 0.0016% DKK 12.0k | |
| Independent Director | 3.3yrs | no data | 0.0024% DKK 18.1k | |
| Independent Director | 3.3yrs | no data | 0.0016% DKK 12.4k | |
| Employee Elected Director | no data | no data | 0.0037% DKK 27.5k | |
| Employee Elected Director | less than a year | no data | no data | |
| Director | less than a year | no data | no data |
3.3yrs
Average Tenure
58yo
Average Age
Experienced Board: 24V's board of directors are considered experienced (3.3 years average tenure).