Camden National Management
Management criteria checks 2/4
Camden National's CEO is Simon Griffiths, appointed in Jan 2024, has a tenure of less than a year. total yearly compensation is $1.50M, comprised of 4.2% salary and 95.8% bonuses, including company stock and options. directly owns 0.12% of the company’s shares, worth €838.46K. The average tenure of the management team and the board of directors is 1.3 years and 7.2 years respectively.
Key information
Simon Griffiths
Chief executive officer
US$1.5m
Total compensation
| CEO salary percentage | 4.2% |
| CEO tenure | less than a year |
| CEO ownership | 0.1% |
| Management average tenure | 1.3yrs |
| Board average tenure | 7.2yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$47m |
| Jun 30 2024 | n/a | n/a | US$44m |
| Mar 31 2024 | n/a | n/a | US$44m |
| Dec 31 2023 | US$1m | US$63k | US$43m |
Compensation vs Market: Simon's total compensation ($USD1.50M) is about average for companies of similar size in the German market ($USD1.44M).
Compensation vs Earnings: Insufficient data to compare Simon's compensation with company performance.
CEO
Simon Griffiths (51 yo)
less than a year
Tenure
US$1,497,100
Compensation
Mr. Simon R. Griffiths serves as CEO, President & Director at Camden National Bank and Camden National Corporation since January 01, 2024. He was Executive Vice President and Chief Operating Officer of Cam...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | less than a year | US$1.50m | 0.12% € 838.5k | |
| Executive VP & CFO | 2.8yrs | US$539.92k | 0.099% € 668.4k | |
| Executive VP of Technology & Support Services and CTO | 4.7yrs | US$599.81k | 0.12% € 773.9k | |
| Executive Vice President of Retail & Mortgage Banking | 7.2yrs | US$582.81k | 0.17% € 1.1m | |
| Secretary & Independent Director | no data | US$86.51k | 0.089% € 597.9k | |
| Executive VP and Chief Experience & Marketing Officer | 7.5yrs | no data | 0.17% € 1.2m | |
| Executive VP & Chief Human Resources Officer | less than a year | no data | 0.014% € 97.4k | |
| Executive VP & Chief Credit Officer | no data | US$594.88k | 0.42% € 2.8m | |
| Senior Vice President of Employee Relations and Engagement Manager | no data | no data | no data | |
| Chief Credit Officer & Executive VP | less than a year | no data | 0.14% € 915.7k | |
| Executive VP & Chief Risk Officer | 1.3yrs | no data | 0.061% € 408.5k | |
| Executive Vice President of Commercial Banking | less than a year | no data | 0.036% € 245.0k |
1.3yrs
Average Tenure
53yo
Average Age
Experienced Management: 3LR's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | less than a year | US$1.50m | 0.12% € 838.5k | |
| Secretary & Independent Director | 7.8yrs | US$86.51k | 0.089% € 597.9k | |
| Independent Director | 6.6yrs | US$105.07k | 0.066% € 442.1k | |
| Independent Director | 16.8yrs | US$89.83k | 0.062% € 419.3k | |
| Independent Director | 10.6yrs | US$91.08k | 0.080% € 538.5k | |
| Independent Director | 1.9yrs | US$75.67k | 0.069% € 466.7k | |
| Independent Chairman of the Board | 9.8yrs | US$170.90k | 0.088% € 590.6k | |
| Independent Director | 9.1yrs | US$96.73k | 0.64% € 4.3m | |
| Independent Director | 6.3yrs | US$93.86k | 0.086% € 580.9k | |
| Independent Director | 1.9yrs | US$74.28k | 0.034% € 228.5k |
7.2yrs
Average Tenure
60yo
Average Age
Experienced Board: 3LR's board of directors are considered experienced (7.2 years average tenure).