QinetiQ Group Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Steve Wadey

Chief executive officer

UK£2.2m

Total compensation

CEO salary percentage	30.7%
CEO tenure	9yrs
CEO ownership	0.1%
Management average tenure	1.8yrs
Board average tenure	3.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Steve Wadey's remuneration changed compared to QinetiQ Group's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2023	n/a	n/a	UK£108m
Jun 30 2023	n/a	n/a	UK£131m
Mar 31 2023	UK£2m	UK£664k	UK£154m
Dec 31 2022	n/a	n/a	UK£165m
Sep 30 2022	n/a	n/a	UK£178m
Jun 30 2022	n/a	n/a	UK£134m
Mar 31 2022	UK£2m	UK£639k	UK£90m
Dec 31 2021	n/a	n/a	UK£80m
Sep 30 2021	n/a	n/a	UK£70m
Jun 30 2021	n/a	n/a	UK£96m
Mar 31 2021	UK£3m	UK£512k	UK£122m
Dec 31 2020	n/a	n/a	UK£120m
Sep 30 2020	n/a	n/a	UK£118m
Jun 30 2020	n/a	n/a	UK£112m
Mar 31 2020	UK£2m	UK£610k	UK£106m
Dec 31 2019	n/a	n/a	UK£116m
Sep 30 2019	n/a	n/a	UK£126m
Jun 30 2019	n/a	n/a	UK£120m
Mar 31 2019	UK£2m	UK£596k	UK£114m
Dec 31 2018	n/a	n/a	UK£119m
Sep 30 2018	n/a	n/a	UK£124m
Jun 30 2018	n/a	n/a	UK£131m
Mar 31 2018	UK£2m	UK£582k	UK£138m

Compensation vs Market: Steve's total compensation ($USD2.70M) is about average for companies of similar size in the German market ($USD2.57M).

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

CEO

Steve Wadey (54 yo)

9yrs

Tenure

UK£2,162,000

Compensation

Mr. Steve Wadey serves as Group CEO & Executive Director at QinetiQ Group plc since October 2021. He served as Chief Executive Officer of QinetiQ Group plc since April 27, 2015 until October 2021 and is re...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Steve Wadey	Group CEO & Executive Director	9yrs	UK£2.16m	0.12% £ 2.6m
Carol Borg	Executive Officer	no data	UK£1.39m	no data
Heather Cashin	Interim CFO & Group Financial Controller	no data	no data	no data
Mike Sewart	Chief Technology & Operating Officer	no data	no data	no data
John Haworth	Group Head of Investor Relations	no data	no data	no data
James Field	Group Director Legal & Company Secretary	1.8yrs	no data	no data
Amanda Nelson	Chief People Officer	2.3yrs	no data	no data
Neville Salkeld	Chief Strategy Officer	no data	no data	no data
Vicky Weise	Chief Enterprise Services Officer	no data	no data	no data
James Willis	Chief Executive of UK Intelligence	no data	no data	no data
Stephen Iwicki	Executive VP of C5ISR Business - QinetiQ US	1.9yrs	no data	no data
Sam Lewis	Chief Growth Officer	no data	no data	no data

1.8yrs

Average Tenure

Experienced Management: QY6's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Steve Wadey	Group CEO & Executive Director	9yrs	UK£2.16m	0.12% £ 2.6m
Neil Johnson	Non-Executive Group Chair	5yrs	UK£266.00k	0.018% £ 400.1k
Steven Mogford	Senior Independent Non-Executive Director	1.7yrs	UK£41.00k	no data
Susan Jane Searle	Independent Non-Executive Director	10.1yrs	UK£71.00k	0.0085% £ 193.3k
Ross McEwan	Independent Non-Executive Director	less than a year	no data	no data
Shonaid Christina Jemmett-Page	Independent Non-Executive Director	3.9yrs	UK£71.00k	0.0012% £ 28.0k
Dina Knight	Independent Non-Executive Director	less than a year	no data	no data
Gordon Messenger	Independent Non-executive Director	3.5yrs	UK£71.00k	no data

3.7yrs

Average Tenure

62yo

Average Age

Experienced Board: QY6's board of directors are considered experienced (3.7 years average tenure).

QinetiQ Group Management

Management criteria checks 3/4

Key information

Recent management updates

QinetiQ Group plc Announces Chief Financial Officer Changes

Qinetiq Group plc Announces Resignation of Lawrence (Larry) Prior III, Non-Executive Director

QinetiQ Group plc Announces Board Appointments, Effective from March 1, 2024

QinetiQ Group plc, Annual General Meeting, Jul 18, 2024

Group CEO & Executive Director recently sold €1.2m worth of stock

QinetiQ Group plc, Annual General Meeting, Jul 20, 2023

Recent updates

QinetiQ Group plc Announces Chief Financial Officer Changes

QinetiQ Reports First Successful Flights of New Design Rattler Supersonic Target

Qinetiq Group plc Announces Resignation of Lawrence (Larry) Prior III, Non-Executive Director

New major risk - Share price stability

QinetiQ Group plc Announces Board Appointments, Effective from March 1, 2024

Upcoming dividend of UK£0.026 per share at 2.5% yield

QinetiQ Group plc, Annual General Meeting, Jul 18, 2024

First half 2024 earnings released: EPS: UK£0.11 (vs UK£0.19 in 1H 2023)

QinetiQ Group plc Provides Revenue Guidance for the Fiscal Year 2024 and Provides Long Term Guidance

Group CEO & Executive Director recently sold €1.2m worth of stock

Upcoming dividend of UK£0.053 per share at 2.2% yield

QinetiQ Group plc, Annual General Meeting, Jul 20, 2023

Full year 2023 earnings released: EPS: UK£0.27 (vs UK£0.16 in FY 2022)

Investor sentiment improves as stock rises 16%

Now 23% undervalued after recent price drop

Now 21% undervalued after recent price drop

QinetiQ Group plc Appoints Gary Stewart as CEO for Australia Sector, Effective 01 May 2023

Now 22% undervalued after recent price drop

Now 20% undervalued after recent price drop

Upcoming dividend of UK£0.024 per share

Now 20% undervalued

QinetiQ Group plc to Report Fiscal Year 2023 Results on May 25, 2023

QinetiQ Group plc Announces Lynn Brubaker Retires as Non-Executive Director, Effective 31 December 2022

High number of new directors

First half 2023 earnings released: EPS: UK£0.20 (vs UK£0.042 in 1H 2022)

Qinetiq Group plc Provides Earnings Guidance for the Fiscal Year 2023

Redwire Corporation (NYSE:RDW) completed the acquisition of QinetiQ Space N.V. from QinetiQ Group plc (LSE:QQ.).

QinetiQ Group plc Provides Earnings Guidance for the Fiscal Year 2023

Redwire Corporation (NYSE:RDW) entered into a definitive agreement to acquire Qinetiq Space NV from QinetiQ Group plc (LSE:QQ.) for €32 million.

QinetiQ Group plc (LSE:QQ.) reached an agreement to acquire Air Affairs (Australia) Pty Ltd for a cash consideration of AUD53 million.

QinetiQ Group plc to Report First Half, 2023 Results on Nov 10, 2022

High number of new directors

Now 23% undervalued

Upcoming dividend of UK£0.05 per share

QinetiQ Group plc, Annual General Meeting, Jul 21, 2022

Investor sentiment improved over the past week

Full year 2022 earnings released: EPS: UK£0.16 (vs UK£0.22 in FY 2021)

Qinetiq Group plc Proposes Final Dividend for the Year Ended 31 March 2022, Payable on 25 August 2022

Qinetiq Group plc Appoints Steve Mogford as an Independent Non-Executive Director, Effective from August 1, 2022

High number of new directors

Investor sentiment improved over the past week

Upcoming dividend of UK£0.023 per share

Group CFO & Corporate Governance and Director David Smith has left the company

Independent Chairman of the Board recently bought €156k worth of stock

First half 2022 earnings released: EPS UK£0.042 (vs UK£0.13 in 1H 2021)

High number of new directors

Upcoming dividend of UK£0.047 per share

Full year 2021 earnings released: EPS UK£0.22 (vs UK£0.19 in FY 2020)

QinetiQ Group plc Proposes Dividend for the Fiscal Year 2021

Full year 2021 earnings released: EPS UK£0.22 (vs UK£0.19 in FY 2020)

Independent Non-Executive Director has left the company

QinetiQ Group plc Provides Earnings Guidance for the Full Year Ended 31 March 2021

New 90-day high: €3.82

New 90-day high: €3.67

QinetiQ Group plc Wins £127 Million Typhoon Contract Through EDP

Luna Innovations Incorporated (NasdaqCM:LUNA) acquired OptaSense Holdings Ltd. from QinetiQ Group plc (LSE:QQ.) for £29 million.

First half 2021 earnings released: EPS UK£0.13

Revenue beats expectations

New 90-day low: €2.69

QinetiQ Group plc (LSE:QQ.) acquired Newman & Spurr Consultancy Limited for £14 million.

New 90-day low: €2.80

QinetiQ Group plc Announces Directorate Change

New 90-day low - €3.10

QinetiQ Group plc (LSE:QQ.) acquired Naimuri Limited for £25 million.

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team