Sydbank Management

Management criteria checks 4/4

Sydbank's CEO is Karen Frøsig, appointed in Jan 2010, has a tenure of 14.25 years. total yearly compensation is DKK8.33M, comprised of 96.8% salary and 3.2% bonuses, including company stock and options. directly owns 0.017% of the company’s shares, worth €430.83K. The average tenure of the management team and the board of directors is 6.3 years and 6.1 years respectively.

Key information

Karen Frøsig

Chief executive officer

kr.8.3m

Total compensation

CEO salary percentage	96.8%
CEO tenure	14.3yrs
CEO ownership	0.02%
Management average tenure	6.3yrs
Board average tenure	6.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Karen Frøsig's remuneration changed compared to Sydbank's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	kr.3b
Sep 30 2023	n/a	n/a	kr.3b
Jun 30 2023	n/a	n/a	kr.3b
Mar 31 2023	n/a	n/a	kr.2b
Dec 31 2022	kr.8m	kr.8m	kr.2b
Sep 30 2022	n/a	n/a	kr.2b
Jun 30 2022	n/a	n/a	kr.1b
Mar 31 2022	n/a	n/a	kr.2b
Dec 31 2021	kr.8m	kr.8m	kr.1b
Sep 30 2021	n/a	n/a	kr.1b
Jun 30 2021	n/a	n/a	kr.1b
Mar 31 2021	n/a	n/a	kr.990m
Dec 31 2020	kr.7m	kr.7m	kr.760m
Sep 30 2020	n/a	n/a	kr.766m
Jun 30 2020	n/a	n/a	kr.785m
Mar 31 2020	n/a	n/a	kr.701m
Dec 31 2019	kr.7m	kr.7m	kr.853m
Sep 30 2019	n/a	n/a	kr.834m
Jun 30 2019	n/a	n/a	kr.866m
Mar 31 2019	n/a	n/a	kr.925m
Dec 31 2018	kr.7m	kr.7m	kr.1b
Sep 30 2018	n/a	n/a	kr.1b
Jun 30 2018	n/a	n/a	kr.1b
Mar 31 2018	n/a	n/a	kr.2b
Dec 31 2017	kr.7m	kr.6m	kr.2b

Compensation vs Market: Karen's total compensation ($USD1.19M) is below average for companies of similar size in the German market ($USD2.56M).

Compensation vs Earnings: Karen's compensation has been consistent with company performance over the past year.

CEO

Karen Frøsig (65 yo)

14.3yrs

Tenure

kr.8,326,171

Compensation

Ms. Karen Frøsig serves as Chief Executive Officer at Sydbank A/S since 2010. Ms. Frøsig served as President of Sydbank A/S since June 1, 2010 until October 2019 and also served as Managing Director. She s...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Karen Frøsig	Chief Executive Officer	14.3yrs	kr.8.33m	0.017% DKK 430.8k
Jørn Møller	Deputy Group Chief Executive	no data	kr.4.56m	0.015% DKK 379.0k
Louise Degn-Hansen	Head of Communication	6.3yrs	no data	no data
Else Guldager	Head of Human Resources	no data	no data	no data
Steen Sandager	Head of Retail Clients & Private Banking	no data	no data	no data
Kim Nielsen	Head of Sydbank In Germany	no data	no data	no data
Tina Lyngsø	Group Executive Vice President of Vejle Region	no data	no data	no data
Jacob Graven	Vice President	no data	no data	no data
Jesper Wimmer	Group Executive Vice President of Næstved Regio	no data	no data	no data
Claus Juhl	Vice President and Head of Fixed Income Research	no data	no data	no data
Stig Westergaard	Deputy Group Chief Executive	less than a year	no data	0.011% DKK 271.7k
Bjørn Clausen	Head of Risk	no data	no data	no data

6.3yrs

Average Tenure

56.5yo

Average Age

Experienced Management: TM2's management team is seasoned and experienced (6.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Soren Holm	Independent Director	4.3yrs	kr.604.25k	0.0056% DKK 141.7k
Hanni Kasprzak	Member of Advisory Board	no data	no data	no data
Henrik Hoffmann	Independent Director	4.3yrs	kr.511.98k	0.0014% DKK 35.5k
Jarl Oxlund	Employee Representative Director	10.1yrs	kr.460.66k	0.0033% DKK 85.0k
Janne Moltke-Leth	Independent Director	8.1yrs	kr.568.35k	0.00047% DKK 12.0k
Lars Mikkelgaard-Jensen	Independent Chairman	9.1yrs	kr.1.31m	0.011% DKK 283.2k
Carsten Andersen	Employee Representative Director	6.1yrs	kr.476.09k	0.0018% DKK 45.7k
Jorn Sorensen	Employee Representative Director	6.1yrs	kr.428.22k	0.0053% DKK 135.4k
Susanne Schou	Independent Director	6.1yrs	kr.552.93k	0.00078% DKK 19.9k
Gitte Poulsen	Independent Director	4.5yrs	kr.535.91k	0.0098% DKK 251.6k
Jon Stefansson	Independent Director	4.5yrs	kr.535.91k	0.00072% DKK 18.4k
Ellen Norby	Independent Vice-Chairman	1.1yrs	no data	0.00042% DKK 10.7k

6.1yrs

Average Tenure

57.5yo

Average Age

Experienced Board: TM2's board of directors are considered experienced (6.1 years average tenure).

Sydbank Management

Management criteria checks 4/4

Key information

Recent management updates

Sydbank A/S Announces Management Changes

Sydbank Announces Executive Changes

Sydbank A/S Announces Retirement of Karen Frøsig, CEO

Insufficient new directors

Sydbank A/S Announces Executive Changes

Sydbank Announces Staff Elected to its Board of Directors

Recent updates

Sydbank A/S (CPSE:SYDB) acquired unknown additional minority stake in Fynske Bank A/S (CPSE:FYNBK).

Sydbank A/S to Distribute Dividend for the Year 2023

Upcoming dividend of kr.30.56 per share

Dividend of kr.30.56 announced

Investor sentiment improves as stock rises 15%

Full year 2023 earnings released: EPS: kr.58.80 (vs kr.32.35 in FY 2022)

Sydbank A/S Provides Earnings Guidance for 2024

Sydbank A/S to Revises Earnings Expectations Upwards as for 2023

Sydbank A/S Announces Management Changes

Third quarter 2023 earnings released: EPS: kr.16.10 (vs kr.7.45 in 3Q 2022)

Sydbank A/S Provides Earnings Guidance for the Year 2023

Sydbank Announces Executive Changes

Sydbank A/S Announces Retirement of Karen Frøsig, CEO

Sydbank A/S Revises Earnings Guidance for the Year 2023

Sydbank A/S to Report Nine Months, 2024 Results on Oct 30, 2024

Sydbank A/S Provides Earnings Outlook for the Year 2023

New major risk - Revenue and earnings growth

Second quarter 2023 earnings released: EPS: kr.13.25 (vs kr.5.09 in 2Q 2022)

Sydbank A/S (CPSE:SYDB) commences an Equity Buyback Plan for 10% of its issued share capital, under the authorization approved on March 23, 2023.

Sydbank A/S Revises Earnings Guidance for the Year 2023

First quarter 2023 earnings released: EPS: kr.12.80 (vs kr.7.35 in 1Q 2022)

Full year 2022 earnings released: EPS: kr.32.20 (vs kr.23.18 in FY 2021)

Insufficient new directors

Sydbank A/S Provides Earnings Guidance for the Year 2023

Sydbank A/S Revises Earnings Guidance for the Year 2022

Sydbank A/S Revises Earnings Guidance for the Year 2022

Sydbank A/S Announces Executive Changes

Third quarter 2022 earnings released: EPS: kr.7.40 (vs kr.5.99 in 3Q 2021)

Sydbank A/S Provides Earnings Guidance for the Year 2022

Sydbank A/S Revises Earnings Guidance for the Year 2022

Sydbank A/S to Report Nine Months, 2023 Results on Nov 01, 2023

Second quarter 2022 earnings released: EPS: kr.5.08 (vs kr.5.77 in 2Q 2021)

Sydbank A/S to Report Fiscal Year 2022 Results on Mar 01, 2023

Sydbank A/S Provides Earnings Guidance for the Full Year of 2022

First quarter 2022 earnings released: EPS: kr.7.62 (vs kr.4.67 in 1Q 2021)

Sydbank A/S Revises Upwards Its Expectations for Profit for the Year for 2022

Upcoming dividend of kr.12.00 per share

Now 24% undervalued after recent price drop

Sydbank Announces Staff Elected to its Board of Directors

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Sydbank A/S Provides Impairment Charges Guidance for the Year 2022

Sydbank A/S Provides Earnings Guidance for the Year 2022

Sydbank A/S Provides Earnings Guidance for 2022

Third quarter 2021 earnings released: EPS kr.6.00 (vs kr.4.08 in 3Q 2020)

Upcoming dividend of kr.5.70 per share

Second quarter 2021 earnings released: EPS kr.5.68 (vs kr.4.44 in 2Q 2020)

Sydbank A/S Provides Earnings Guidance for Full Year 2021

First quarter 2021 earnings released: EPS kr.4.67 (vs kr.0.73 in 1Q 2020)

Sydbank Announces Impairment Charges for the First Quarter of 2021; Provides Impairment Charges Guidance for the Full Year of 2021

Upcoming Dividend of kr.4.00 Per Share

Revenue beats expectations

Full year 2020 earnings released: EPS kr.12.80 (vs kr.14.12 in FY 2019)

Opendo A/S acquired Alm.Brand Leasing A/S from Sydbank A/S (CPSE:SYDB).

Sydbank A/S (CPSE:SYDB) agreed to acquire 10.4% stake in Opendo A/S.

New 90-day high: €19.04

New 90-day high: €17.70

New 90-day high: €16.61

Third quarter earnings released

Third-quarter earnings released: Revenue beats expectations

Alm. Brand A/S Forms Strategic Partnership with Sydbank A/S

Sydbank A/S (CPSE:SYDB) agreed to acquire Alm. Brand A/S (CPSE:ALMB) for DKK 1.8 billion.

New 90-day low: €13.06

Sydbank A/S to Report Nine Months, 2021 Results on Oct 27, 2021

Earnings released

New 90-day low - €15.13

CEO Compensation Analysis

CEO

Tenure

Compensation