ITM Power Management
Management criteria checks 2/4
ITM Power's CEO is Dennis Schulz, appointed in Dec 2022, has a tenure of 1.92 years. total yearly compensation is £1.01M, comprised of 42.7% salary and 57.3% bonuses, including company stock and options. directly owns 0.071% of the company’s shares, worth €186.94K. The average tenure of the management team and the board of directors is 5.4 years and 5.2 years respectively.
Key information
Dennis Schulz
Chief executive officer
UK£1.0m
Total compensation
| CEO salary percentage | 42.7% |
| CEO tenure | 1.9yrs |
| CEO ownership | 0.07% |
| Management average tenure | 5.4yrs |
| Board average tenure | 5.2yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Apr 30 2024 | UK£1m | UK£432k | -UK£27m |
| Jan 31 2024 | n/a | n/a | -UK£45m |
| Oct 31 2023 | n/a | n/a | -UK£63m |
| Jul 31 2023 | n/a | n/a | -UK£82m |
| Apr 30 2023 | UK£872k | UK£212k | -UK£101m |
Compensation vs Market: Dennis's total compensation ($USD1.28M) is above average for companies of similar size in the German market ($USD782.05K).
Compensation vs Earnings: Dennis's compensation has increased whilst the company is unprofitable.
CEO
Dennis Schulz (42 yo)
1.9yrs
Tenure
UK£1,012,641
Compensation
Mr. Dennis Schulz serves as Chief Executive Officer for ITM Power Plc since December 1, 2022 and also serves as its Director since December 01, 2022. Mr. Schulz joined ITM Power as Chief Executive Officer...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 1.9yrs | UK£1.01m | 0.071% € 186.9k | |
| CFO & Executive Director | 9.8yrs | UK£472.53k | 0.13% € 338.8k | |
| CTO & Executive Director | no data | UK£549.03k | 0.22% € 575.9k | |
| Operations Director | 3.8yrs | no data | no data | |
| Head of Investor Relations | no data | no data | no data | |
| General Counsel & Company Secretary | no data | no data | no data | |
| Head of Marketing & Press | 3.2yrs | no data | no data | |
| Head of Human Resources | no data | no data | no data | |
| Managing Director of ITM Motive | 11.1yrs | no data | no data | |
| Managing Director of ITM Power GmbH Germany | 7.8yrs | no data | no data | |
| Managing Director of ITM Pty Ltd | 6.9yrs | no data | no data | |
| Head of Grant Partnership Funding | 3.2yrs | no data | no data |
5.4yrs
Average Tenure
43yo
Average Age
Experienced Management: IJ8's management team is seasoned and experienced (5.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 1.9yrs | UK£1.01m | 0.071% € 186.9k | |
| CFO & Executive Director | 6.5yrs | UK£472.53k | 0.13% € 338.8k | |
| CTO & Executive Director | 15yrs | UK£549.03k | 0.22% € 575.9k | |
| Independent Non-Executive Chairman | 10.4yrs | UK£150.00k | 0.058% € 152.5k | |
| Independent Non-Executive Director | 5yrs | no data | no data | |
| Independent Non-Executive Director | 2.3yrs | UK£56.83k | 0.0027% € 7.2k | |
| Senior Independent Non-Executive Director | 5.2yrs | UK£71.00k | 0.028% € 73.8k |
5.2yrs
Average Tenure
58yo
Average Age
Experienced Board: IJ8's board of directors are considered experienced (5.2 years average tenure).