AS LHV Group Management
Management criteria checks 4/4
AS LHV Group's CEO is Madis Toomsalu, appointed in Dec 2016, has a tenure of 7.92 years. total yearly compensation is €576.00K, comprised of 33.3% salary and 66.7% bonuses, including company stock and options. directly owns 0.38% of the company’s shares, worth €4.02M. The average tenure of the management team and the board of directors is 2 years and 14.8 years respectively.
Key information
Madis Toomsalu
Chief executive officer
€576.0k
Total compensation
| CEO salary percentage | 33.3% |
| CEO tenure | 7.9yrs |
| CEO ownership | 0.4% |
| Management average tenure | 2yrs |
| Board average tenure | 14.8yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | €146m |
| Jun 30 2024 | n/a | n/a | €150m |
| Mar 31 2024 | n/a | n/a | €147m |
| Dec 31 2023 | €576k | €192k | €140m |
| Sep 30 2023 | n/a | n/a | €131m |
| Jun 30 2023 | n/a | n/a | €102m |
| Mar 31 2023 | n/a | n/a | €81m |
| Dec 31 2022 | €501k | €189k | €60m |
| Sep 30 2022 | n/a | n/a | €55m |
| Jun 30 2022 | n/a | n/a | €60m |
| Mar 31 2022 | n/a | n/a | €59m |
| Dec 31 2021 | €444k | €156k | €58m |
| Sep 30 2021 | n/a | n/a | €57m |
| Jun 30 2021 | n/a | n/a | €51m |
| Mar 31 2021 | n/a | n/a | €42m |
| Dec 31 2020 | €344k | €144k | €38m |
| Sep 30 2020 | n/a | n/a | €26m |
| Jun 30 2020 | n/a | n/a | €23m |
| Mar 31 2020 | n/a | n/a | €27m |
| Dec 31 2019 | €288k | €144k | €25m |
| Sep 30 2019 | n/a | n/a | €25m |
| Jun 30 2019 | n/a | n/a | €24m |
| Mar 31 2019 | n/a | n/a | €23m |
| Dec 31 2018 | €236k | €136k | €22m |
| Sep 30 2018 | n/a | n/a | €20m |
| Jun 30 2018 | n/a | n/a | €19m |
| Mar 31 2018 | n/a | n/a | €17m |
| Dec 31 2017 | €181k | €101k | €18m |
Compensation vs Market: Madis's total compensation ($USD603.46K) is below average for companies of similar size in the German market ($USD1.44M).
Compensation vs Earnings: Madis's compensation has been consistent with company performance over the past year.
CEO
Madis Toomsalu
7.9yrs
Tenure
€576,000
Compensation
Mr. Madis Toomsalu has been Chairman of Management Board at AS LHV Group since November 01, 2022. He serves as Non-Executive Director at Bank North Limited. He serves as Chairman of the Board at LHV UK Lim...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, Group MD & Chairman of Management Board | 7.9yrs | €576.00k | 0.38% € 4.0m | |
| CFO & Member of Management Board | 2yrs | €468.00k | 0.19% € 2.0m | |
| Member of Management Board | 2yrs | €468.00k | 0.34% € 3.6m | |
| Chief Risk Officer & Member of Management Board | no data | no data | no data | |
| Communication Manager | no data | no data | no data | |
| Head of Business Banking Department | 5.1yrs | no data | no data | |
| Head of Internal Audit | no data | no data | no data |
2.0yrs
Average Tenure
Experienced Management: ASU0's management team is considered experienced (2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Supervisory Board Chairman | 10.5yrs | €14.50k | 7.85% € 83.0m | |
| Member of Supervisory Board | 20.2yrs | €13.00k | 10.86% € 114.8m | |
| Member of Supervisory Board | 18.8yrs | €9.50k | no data | |
| Member of Supervisory Board | 10.5yrs | €14.50k | no data | |
| Member of Supervisory Board | 14.8yrs | €14.50k | no data | |
| Member of Supervisory Board | 16.8yrs | €12.50k | no data | |
| Member of Supervisory Board | less than a year | no data | no data |
14.8yrs
Average Tenure
58yo
Average Age
Experienced Board: ASU0's board of directors are seasoned and experienced ( 14.8 years average tenure).