Verbrec Management
Management criteria checks 3/4
Verbrec's CEO is Mark Read, appointed in Mar 2023, has a tenure of 1.67 years. total yearly compensation is A$609.32K, comprised of 75.5% salary and 24.5% bonuses, including company stock and options. directly owns 0.32% of the company’s shares, worth €83.93K. The average tenure of the management team and the board of directors is 1.7 years and 5.1 years respectively.
Key information
Mark Read
Chief executive officer
AU$609.3k
Total compensation
| CEO salary percentage | 75.5% |
| CEO tenure | 1.7yrs |
| CEO ownership | 0.3% |
| Management average tenure | 1.7yrs |
| Board average tenure | 5.1yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2024 | AU$609k | AU$460k | AU$5m |
| Mar 31 2024 | n/a | n/a | AU$1m |
| Dec 31 2023 | n/a | n/a | -AU$5m |
| Sep 30 2023 | n/a | n/a | -AU$7m |
| Jun 30 2023 | AU$180k | AU$135k | -AU$6m |
Compensation vs Market: Mark's total compensation ($USD395.97K) is about average for companies of similar size in the German market ($USD474.67K).
Compensation vs Earnings: Mark's compensation has been consistent with company performance over the past year.
CEO
Mark Read
1.7yrs
Tenure
AU$609,324
Compensation
Mr. Mark Read serves as Chief Executive Officer at Verbrec Limited since March 13, 2023 and also serves as its Chief Operating Officer. He has experience across publicly listed and privately held engineeri...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & COO | 1.7yrs | AU$609.32k | 0.32% € 83.9k | |
| Chief Financial Officer | 1.3yrs | AU$376.69k | 0.058% € 15.1k | |
| Contracts & Procurement Manager and Company Secretary | 2.4yrs | AU$253.71k | 0.27% € 71.8k | |
| General Manager of Asset Management | no data | no data | no data |
1.7yrs
Average Tenure
Experienced Management: 47L's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Non-Executive Director | 5.1yrs | AU$75.00k | 0.30% € 78.4k | |
| Independent Non-Executive Chairman | 5.1yrs | AU$120.00k | 0.52% € 136.0k | |
| Non-Executive Director | 5.4yrs | AU$195.00k | 25.09% € 6.6m |
5.1yrs
Average Tenure
Experienced Board: 47L's board of directors are considered experienced (5.1 years average tenure).