Camden National Management
Management criteria checks 2/4
Camden National's CEO is Simon Griffiths, appointed in Jan 2024, has a tenure of 1.08 years. total yearly compensation is $1.50M, comprised of 4.2% salary and 95.8% bonuses, including company stock and options. directly owns 0.11% of the company’s shares, worth €786.95K. The average tenure of the management team and the board of directors is 1.6 years and 6.8 years respectively.
Key information
Simon Griffiths
Chief executive officer
US$1.5m
Total compensation
| CEO salary percentage | 4.2% |
| CEO tenure | 1.1yrs |
| CEO ownership | 0.1% |
| Management average tenure | 1.6yrs |
| Board average tenure | 6.8yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2024 | n/a | n/a | US$53m |
| 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 ($USD1.40M).
Compensation vs Earnings: Insufficient data to compare Simon's compensation with company performance.
CEO
Simon Griffiths (50 yo)
1.1yrs
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 | 1.1yrs | US$1.50m | 0.11% € 787.0k | |
| Executive VP & CFO | 3.1yrs | US$539.92k | 0.086% € 638.7k | |
| Executive VP of Technology & Support Services and CTO | 4.9yrs | US$599.81k | 0.099% € 739.4k | |
| Executive Vice President of Retail & Mortgage Banking | 7.4yrs | US$582.81k | 0.14% € 1.1m | |
| Secretary & Independent Director | no data | US$86.51k | 0.079% € 584.5k | |
| Executive VP and Chief Experience & Marketing Officer | 7.8yrs | no data | 0.15% € 1.1m | |
| Executive VP & Chief Human Resources Officer | less than a year | no data | 0.013% € 93.1k | |
| Executive VP & Chief Credit Officer | no data | US$594.88k | no data | |
| Senior Vice President of Employee Relations and Engagement Manager | no data | no data | no data | |
| Chief Credit Officer & Executive VP | 1.2yrs | no data | 0.12% € 874.9k | |
| Executive VP & Chief Risk Officer | 1.6yrs | no data | 0.052% € 390.3k | |
| Executive Vice President of Commercial Banking | less than a year | no data | 0.031% € 234.1k |
1.6yrs
Average Tenure
53yo
Average Age
Experienced Management: 3LR's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 1.1yrs | US$1.50m | 0.11% € 787.0k | |
| Secretary & Independent Director | 8.1yrs | US$86.51k | 0.079% € 584.5k | |
| Independent Director | 6.8yrs | US$105.07k | 0.057% € 422.5k | |
| Independent Director | 17yrs | US$89.83k | 0.054% € 400.7k | |
| Independent Director | 10.8yrs | US$91.08k | 0.069% € 514.5k | |
| Independent Director | 2.2yrs | US$75.67k | 0.060% € 446.0k | |
| Independent Chairman of the Board | 10.1yrs | US$170.90k | 0.077% € 573.1k | |
| Independent Director | 9.3yrs | US$96.73k | 0.56% € 4.2m | |
| Director | less than a year | no data | 0.0030% € 22.5k | |
| Independent Director | 6.6yrs | US$93.86k | 0.077% € 574.6k | |
| Independent Director | 2.2yrs | US$74.28k | 0.031% € 232.2k |
6.8yrs
Average Tenure
59yo
Average Age
Experienced Board: 3LR's board of directors are considered experienced (6.8 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/06 20:21 |
| End of Day Share Price | 2025/02/05 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Camden National Corporation is covered by 6 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jacob Civiello | Janney Montgomery Scott LLC |
| Damon DelMonte | Keefe, Bruyette, & Woods |
| Matthew Breese | Piper Sandler Companies |