Great Lakes Dredge & Dock Management
Management criteria checks 3/4
Great Lakes Dredge & Dock's CEO is Lasse Petterson, appointed in May 2017, has a tenure of 7.67 years. total yearly compensation is $3.22M, comprised of 24.4% salary and 75.6% bonuses, including company stock and options. directly owns 0.99% of the company’s shares, worth €7.66M. The average tenure of the management team and the board of directors is 3.6 years and 6.7 years respectively.
Key information
Lasse Petterson
Chief executive officer
US$3.2m
Total compensation
| CEO salary percentage | 24.4% |
| CEO tenure | 7.7yrs |
| CEO ownership | 1.0% |
| Management average tenure | 3.6yrs |
| Board average tenure | 6.7yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$59m |
| Jun 30 2024 | n/a | n/a | US$44m |
| Mar 31 2024 | n/a | n/a | US$38m |
| Dec 31 2023 | US$3m | US$785k | US$14m |
| Sep 30 2023 | n/a | n/a | -US$39m |
| Jun 30 2023 | n/a | n/a | -US$43m |
| Mar 31 2023 | n/a | n/a | -US$48m |
| Dec 31 2022 | US$4m | US$785k | -US$34m |
| Sep 30 2022 | n/a | n/a | US$22m |
| Jun 30 2022 | n/a | n/a | US$46m |
| Mar 31 2022 | n/a | n/a | US$52m |
| Dec 31 2021 | US$3m | US$755k | US$49m |
| Sep 30 2021 | n/a | n/a | US$35m |
| Jun 30 2021 | n/a | n/a | US$34m |
| Mar 31 2021 | n/a | n/a | US$41m |
| Dec 31 2020 | US$3m | US$725k | US$66m |
| Sep 30 2020 | n/a | n/a | US$70m |
| Jun 30 2020 | n/a | n/a | US$67m |
| Mar 31 2020 | n/a | n/a | US$69m |
| Dec 31 2019 | US$4m | US$700k | US$56m |
| Sep 30 2019 | n/a | n/a | US$46m |
| Jun 30 2019 | n/a | n/a | US$49m |
| Mar 31 2019 | n/a | n/a | US$39m |
| Dec 31 2018 | US$3m | US$700k | US$11m |
Compensation vs Market: Lasse's total compensation ($USD3.22M) is above average for companies of similar size in the German market ($USD1.38M).
Compensation vs Earnings: Lasse's compensation has been consistent with company performance over the past year.
CEO
Lasse Petterson (68 yo)
7.7yrs
Tenure
US$3,217,764
Compensation
Mr. Lasse J. Petterson has been the Chief Executive Officer of Great Lakes Dredge & Dock Corporation since May 2, 2017 and has been its President since March 2020. Mr. Petterson served as the President and...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 7.7yrs | US$3.22m | 0.99% € 7.7m | |
| Senior VP & Chief Financial Officer | 3.3yrs | US$1.55m | 0.098% € 764.1k | |
| Senior Vice President of Project Acquisition & Operations | 2.5yrs | US$794.99k | 0.074% € 573.0k | |
| Senior VP | 4.1yrs | US$851.89k | 0.025% € 194.3k | |
| Senior Vice President of Offshore Wind | 4yrs | US$847.84k | 0.054% € 421.4k | |
| Senior Vice President of Project Services & Fleet Engineering | 3.3yrs | US$794.99k | 0.043% € 331.7k | |
| VP & Chief Accounting Officer | 1.4yrs | no data | 0.0017% € 13.0k | |
| VP and CTO of Technology & Innovation | 2yrs | no data | no data | |
| Director of Investor Relations | no data | no data | no data | |
| Senior Vice President of Fleet Engineering | 19yrs | no data | no data | |
| Senior Vice President of Market Development | 4.8yrs | US$536.20k | 0.053% € 408.2k | |
| Senior Vice President of East Coast Region | no data | no data | no data |
3.6yrs
Average Tenure
58yo
Average Age
Experienced Management: 5GL's management team is considered experienced (3.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 8.1yrs | US$3.22m | 0.99% € 7.7m | |
| Independent Director | 8yrs | US$176.74k | 0.13% € 997.6k | |
| Independent Chairman | 8yrs | US$271.50k | 0.13% € 994.9k | |
| Independent Director | 6.7yrs | US$168.40k | 0.10% € 813.8k | |
| Independent Director | 3.5yrs | US$165.89k | 0.051% € 393.0k | |
| Independent Director | 6.7yrs | US$189.00k | 0.038% € 293.1k | |
| Independent Director | no data | no data | no data |
6.7yrs
Average Tenure
68yo
Average Age
Experienced Board: 5GL's board of directors are considered experienced (6.7 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/20 19:51 |
| End of Day Share Price | 2025/01/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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 |
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| Ownership | 10 years |
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| 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 here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Great Lakes Dredge & Dock Corporation is covered by 10 analysts. 3 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 |
|---|---|
| Andrew Kaplowitz | Barclays |
| John Kasprzak | BB&T Capital Markets |
| Jonathan Tanwanteng | CJS Securities, Inc. |