SGL Carbon Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Torsten Derr

Chief executive officer

€1.6m

Total compensation

CEO salary percentage	41.4%
CEO tenure	3.8yrs
CEO ownership	0.2%
Management average tenure	no data
Board average tenure	7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Torsten Derr's remuneration changed compared to SGL Carbon's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	€2m	€650k	€41m
Sep 30 2023	n/a	n/a	€62m
Jun 30 2023	n/a	n/a	€68m
Mar 31 2023	n/a	n/a	€119m
Dec 31 2022	€2m	€650k	€125m
Sep 30 2022	n/a	n/a	€102m
Jun 30 2022	n/a	n/a	€105m
Mar 31 2022	n/a	n/a	€91m
Dec 31 2021	€1m	€650k	€75m
Sep 30 2021	n/a	n/a	-€86m
Jun 30 2021	n/a	n/a	-€101m
Mar 31 2021	n/a	n/a	-€122m
Dec 31 2020	€2m	€379k	-€133m

Compensation vs Market: Torsten's total compensation ($USD1.68M) is above average for companies of similar size in the German market ($USD1.28M).

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

CEO

Torsten Derr (53 yo)

3.8yrs

Tenure

€1,571,924

Compensation

Dr. Torsten Derr has been Managing Director of Saltigo GmbH since April 1, 2016 and serves as its Chief Executive Officer. He serves as Director of Brembo SGL Carbon Ceramic Brakes S.p.A. He serves as Chie...

Board Members

Name	Position	Tenure	Compensation	Ownership
Ingeborg Neumann	Independent Member of the Supervisory Board	5.9yrs	€69.40k	no data
Edwin Eichler	Independent Member of Supervisory Board	14.3yrs	€52.40k	no data
Frank Richter	Chairman of the Supervisory Board	less than a year	€94.00k	no data
Georg Johannes Denoke	Independent Deputy Chairman of the Supervisory Board	9yrs	€95.40k	no data
Markus Stettberger	Deputy Chairman of Supervisory Board	11yrs	€88.50k	0.00082% € 6.7k
Dieter Züllighofen	Member of Supervisory Board	8yrs	€61.40k	0.00095% € 7.8k
Kathrin Bamberger	Member of Supervisory Board	less than a year	€40.70k	no data
Axel Hemleb	Member of Supervisory Board	less than a year	€48.50k	no data

7.0yrs

Average Tenure

57.5yo

Average Age

Experienced Board: SGL's board of directors are considered experienced (7 years average tenure).

SGL Carbon Management

Management criteria checks 2/4

Key information

Recent management updates

SGL Carbon SE Announces Resignation of Susanne Klatten as Chairwoman of the Supervisory Board of the company

SGL Carbon SE, Annual General Meeting, May 09, 2023

SGL Carbon SE Announces Executive Changes

Recent updates

Full year 2023 earnings: EPS and revenues miss analyst expectations

Third quarter 2023 earnings released: EPS: €0.12 (vs €0.18 in 3Q 2022)

New minor risk - Earnings quality

Second quarter 2023 earnings released: €0.20 loss per share (vs €0.21 profit in 2Q 2022)

Price target decreased by 12% to €10.54

Price target increased by 8.7% to €11.04

SGL Carbon SE Provides Earnings Guidance for the Year 2023

First quarter 2023 earnings: Revenues exceed analyst expectations

Price target increased by 14% to €10.16

Price target increased by 7.8% to €9.42

Investor sentiment improves as stock rises 17%

Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

SGL Carbon SE Announces Resignation of Susanne Klatten as Chairwoman of the Supervisory Board of the company

SGL Carbon SE to Report Q3, 2023 Results on Nov 02, 2023

SGL Carbon SE to Report Q1, 2023 Results on May 05, 2023

Price target increased to €7.94

Third quarter 2022 earnings: EPS misses analyst expectations

Investor sentiment improved over the past week

Now 22% undervalued after recent price drop

Investor sentiment improved over the past week

SGL Carbon Se Provides Sales Guidance for the Fiscal Year 2022

Price target decreased to €7.45

Second quarter 2022 earnings: EPS exceeds analyst expectations

SGL Carbon SE, Annual General Meeting, May 09, 2023

Price target increased to €7.40

Investor sentiment improved over the past week

SGL Carbon SE Raises Earnings Guidance for the Year 2022

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Now 21% undervalued after recent price drop

Price target decreased to €7.63

Third quarter 2021 earnings released: EPS €0.20 (vs €0.08 in 3Q 2020)

Price target increased to €7.94

Second quarter 2021 earnings released: EPS €0.096 (vs €0.069 loss in 2Q 2020)

Price target increased to €5.76

SGL Carbon SE Provides Earnings Guidance for the Half Year of 2021

Price target increased to €5.16

First quarter 2021 earnings released: EPS €0.05 (vs €0.04 loss in 1Q 2020)

Price target increased to €3.35

Full year 2020 earnings released

New 90-day high: €7.30

New 90-day high: €6.44

Price target lowered to €2.94

New 90-day high: €4.23

SGL Carbon SE to Report First Half, 2021 Results on Aug 12, 2021

New 90-day high: €3.60

Third quarter 2020 earnings released: EPS €0.08

Revenue beats expectations, earnings disappoint

Price target lowered to €3.98

SGL Carbon SE to Report Fiscal Year 2020 Results on Mar 25, 2021

SGL Carbon SE Announces Executive Changes

New 90-day low: €2.85

New 90-day low: €2.96

Earnings released

New 90-day high - €3.76

CEO Compensation Analysis

CEO

Tenure

Compensation

Board Members

Average Tenure

Average Age