Cargotec Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Casimir Lindholm

Chief executive officer

€710.8k

Total compensation

CEO salary percentage	73.1%
CEO tenure	less than a year
CEO ownership	0.003%
Management average tenure	6.5yrs
Board average tenure	5.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Casimir Lindholm's remuneration changed compared to Cargotec's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	€711k	€520k	€347m
Sep 30 2023	n/a	n/a	€220m
Jun 30 2023	n/a	n/a	€142m
Mar 31 2023	n/a	n/a	€75m
Dec 31 2022	€61k	n/a	€24m
Sep 30 2022	n/a	n/a	€83m
Jun 30 2022	n/a	n/a	€273m
Mar 31 2022	n/a	n/a	€258m
Dec 31 2021	€57k	n/a	€247m

Compensation vs Market: Casimir's total compensation ($USD760.40K) is below average for companies of similar size in the German market ($USD2.57M).

Compensation vs Earnings: Casimir's compensation has increased by more than 20% in the past year.

CEO

Casimir Lindholm (52 yo)

less than a year

Tenure

€710,817

Compensation

Mr. Casimir Lindholm, M.Sc. (Econ.), MBA, serves as President & Chief Executive Officer of Cargotec Corporation since April 01, 2023 and serves as its Interim President of Kalmar since August 16, 2023. He...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Casimir Lindholm	President & CEO	less than a year	€710.82k	0.0032% € 131.0k
Mikko Puolakka	Executive VP & CFO	7.9yrs	no data	0.083% € 3.3m
Aki Vesikallio	Vice President of Investor Relations	no data	no data	no data
Camilla Orko	Vice President of Ethics & Compliance	5yrs	no data	no data
Outi Aaltonen	Senior VP	11yrs	no data	0.026% € 1.0m
Mikko Pelkonen	Senior Vice President of Human Resources	10.7yrs	no data	0.11% € 4.4m
Stephen Foster	Senior Vice President of Finance	no data	no data	no data
Mikael Laine	Senior Vice President of Strategy	10yrs	no data	0.053% € 2.1m
Scott Phillips	President of Hiab	5yrs	no data	0.094% € 3.8m
Soili Mäkinen	Senior Vice President of Sustainable Business Development	1.3yrs	no data	0.039% € 1.6m
Heidi Gustafsson	Executive Assistant to the CFO & Senior VP of Corporate Communications	no data	no data	no data
Pekka Reijonen	Vice President of Treasury	no data	no data	no data

6.5yrs

Average Tenure

57yo

Average Age

Experienced Management: C1C's management team is seasoned and experienced (6.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Johanna Lamminen	Independent Director	7.1yrs	€74.20k	0.0035% € 140.7k
Ritva Sotamaa	Independent Director	1.1yrs	no data	0.0019% € 76.2k
Jaakko-Veikko Eskola	Independent Chairman of the Board	3.1yrs	€118.34k	0.0063% € 253.1k
Olli Herlin	Vice Chair	18.8yrs	€92.49k	0.29% € 11.7m
Tapio Kolunsarka	Independent Director	1.1yrs	€59.45k	0.00054% € 21.8k
Kaisa Olkkonen	Independent Director	8.1yrs	€75.20k	0.0039% € 158.8k
Teresa Kemppi-Vasama	Independent Director	7.1yrs	€79.20k	0.0035% € 140.7k
Raija-Leena Hankonen-Nybom	Independent Director	1.1yrs	€68.75k	0.0014% € 54.4k

5.1yrs

Average Tenure

59yo

Average Age

Experienced Board: C1C's board of directors are considered experienced (5.1 years average tenure).

Cargotec Management

Management criteria checks 3/4

Key information

Recent management updates

Cargotec Corporation Announces Changes in Leadership Team

Cargotec Corporation, Annual General Meeting, May 30, 2024

Changes Appoints Sami Niiranen as President of Kalmar

Cargotec Corporation Management Changes

President of Kalmar recently sold €541k worth of stock

President & CEO recently bought €84k worth of stock

Recent updates

Now 20% undervalued

Now 20% undervalued

Cargotec Corporation Proposes Dividend for the Financial Period Ended 31 December 2023, Payable on 10 June 2024

Now 21% undervalued

Full year 2023 earnings released: EPS: €5.38 (vs €0.37 in FY 2022)

Cargotec Corporation Announces Changes in Leadership Team

Full year 2023 earnings released: EPS: €5.42 (vs €0.37 in FY 2022)

Cargotec Corporation Proposes Dividend

Cargotec Corporation, Annual General Meeting, May 30, 2024

Changes Appoints Sami Niiranen as President of Kalmar

Cargotec Corporation Provides Earnings Guidance for 2023

Third quarter 2023 earnings released

Cargotec Corporation to Report Nine Months, 2023 Results on Oct 26, 2023

Cargotec Corporation Management Changes

Cargotec Corporation Provides Earnings Guidance for 2023

Now 24% undervalued after recent price drop

Second quarter 2023 earnings released: EPS: €1.67 (vs €0.64 in 2Q 2022)

Now 20% undervalued

Cargotec Corporation to Report Q2, 2023 Results on Aug 23, 2023

President of Kalmar recently sold €541k worth of stock

President & CEO recently bought €84k worth of stock

First quarter 2023 earnings released

Now 22% undervalued after recent price drop

Now 23% undervalued

Upcoming dividend of €1.35 per share at 3.1% yield

Cargotec Corporation to Report Fiscal Year 2022 Final Results on Feb 23, 2023

Cargotec Corporation Announces Board Changes

Full year 2022 earnings released: EPS: €0.37 (vs €3.83 in FY 2021)

Cargotec Corporation Provides Earnings Guidance for the Year 2023

Cargotec Corporation CEO Mika Vehviläinen to Retire in 2023

Third quarter 2022 earnings released: EPS: €0.45 (vs €3.40 in 3Q 2021)

Cargotec Provides Earnings Guidance for 2022

Cargotec Corporation to Report Nine Months, 2023 Results on Oct 26, 2023

Cargotec Corporation Provides Earnings Guidance for the Full Year of 2022

Cargotec Corporation to Report Q2, 2022 Results on Jul 27, 2022

Cargotec Corporation to Report Q2, 2021 Results on Aug 19, 2022

Cargotec Corporation to Report First Half, 2022 Results on Jul 20, 2022

Cargotec Corporation Announces Executive Changes

First quarter 2022 earnings released: EPS: €0.33 (vs €0.15 in 1Q 2021)

Cargotec Corporation Announces Board Changes

Cargotec Reportedly Plans to Exit Kalmar’s Heavy Port Cranes Business

Investor sentiment deteriorated over the past week

Upcoming dividend of €1.08 per share

Investor sentiment deteriorated over the past week

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

Cargotec Corporation Proposes Dividend, Payable on 28 March 2022

Third quarter 2021 earnings released: EPS €3.40 (vs €0.41 in 3Q 2020)

Second quarter 2021 earnings released

Accel-KKR LLC completed the acquisition of Navis, LLC from Cargotec Corporation (HLSE:CGCBV).

First quarter 2021 earnings released

Cargotec Corporation Reiterates Earnings Guidance for the Full Year 2021

Cargotec Corporation Reiterates Earnings Guidance for the Year 2021

Independent Director has left the company

Upcoming Dividend of €1.08 Per Share

New 90-day high: €44.46

Full year 2020 earnings released: EPS €0.13 (vs €1.39 in FY 2019)

Revenue misses expectations

Kalmar Receives an Order for 10 Eco-Efficient Hybrid Straddle Carriers

Full year 2020 earnings released: EPS €0.13 (vs €1.39 in FY 2019)

Revenue misses expectations

Cargotec Corporation, Annual General Meeting, Mar 23, 2021

New 90-day high: €41.68

New 90-day high: €34.38

Third quarter earnings released

Third-quarter earnings released: Revenue beats expectations

New 90-day high: €28.82

New 90-day high - €27.96

New 90-day high - €25.38

CEO Compensation Analysis