Volution Group Management

Management criteria checks 3/4

Volution Group's CEO is Ronnie George, appointed in May 2014, has a tenure of 9.92 years. total yearly compensation is £2.35M, comprised of 20.2% salary and 79.8% bonuses, including company stock and options. directly owns 1.56% of the company’s shares, worth €15.27M. The average tenure of the management team and the board of directors is 4.7 years and 4.7 years respectively.

Key information

Ronnie George

Chief executive officer

UK£2.3m

Total compensation

CEO salary percentage	20.2%
CEO tenure	9.9yrs
CEO ownership	1.6%
Management average tenure	4.7yrs
Board average tenure	4.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Ronnie George's remuneration changed compared to Volution Group's earnings?
Date	Total Compensation	Salary	Company Earnings
Jan 31 2024	n/a	n/a	UK£42m
Oct 31 2023	n/a	n/a	UK£40m
Jul 31 2023	UK£2m	UK£474k	UK£37m
Apr 30 2023	n/a	n/a	UK£37m
Jan 31 2023	n/a	n/a	UK£36m
Oct 31 2022	n/a	n/a	UK£36m
Jul 31 2022	UK£2m	UK£440k	UK£36m
Apr 30 2022	n/a	n/a	UK£31m
Jan 31 2022	n/a	n/a	UK£27m
Oct 31 2021	n/a	n/a	UK£24m
Jul 31 2021	UK£2m	UK£419k	UK£21m
Apr 30 2021	n/a	n/a	UK£16m
Jan 31 2021	n/a	n/a	UK£11m
Oct 31 2020	n/a	n/a	UK£10m
Jul 31 2020	UK£606k	UK£391k	UK£10m
Apr 30 2020	n/a	n/a	UK£15m
Jan 31 2020	n/a	n/a	UK£20m
Oct 31 2019	n/a	n/a	UK£19m
Jul 31 2019	UK£910k	UK£409k	UK£18m
Apr 30 2019	n/a	n/a	UK£16m
Jan 31 2019	n/a	n/a	UK£13m
Oct 31 2018	n/a	n/a	UK£13m
Jul 31 2018	UK£946k	UK£397k	UK£13m
Apr 30 2018	n/a	n/a	UK£14m
Jan 31 2018	n/a	n/a	UK£15m
Oct 31 2017	n/a	n/a	UK£14m
Jul 31 2017	UK£1m	UK£389k	UK£14m

Compensation vs Market: Ronnie's total compensation ($USD2.93M) is above average for companies of similar size in the German market ($USD1.29M).

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

CEO

Ronnie George (54 yo)

9.9yrs

Tenure

UK£2,346,000

Compensation

Mr. Ronnie George has been the Chief Executive Officer of Volution Group plc since May 15, 2014 and serves as its Director since May 15, 2014. Mr. George served as the Chief Executive Officer of the then h...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Ronnie George	CEO & Executive Director	9.9yrs	UK£2.35m	1.56% £ 15.3m
Andrew O'Brien	CFO & Executive Director	4.7yrs	UK£1.46m	0.019% £ 187.2k
Michelle Dettman	Group Head of HR	no data	no data	no data
Andreas Lofstrand	Managing Director of Nordics	no data	no data	no data
Fiona Smith	Company Secretary	2.2yrs	no data	no data

4.7yrs

Average Tenure

Experienced Management: VO1's management team is considered experienced (4.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Ronnie George	CEO & Executive Director	9.9yrs	UK£2.35m	1.56% £ 15.3m
Andrew O'Brien	CFO & Executive Director	4.7yrs	UK£1.46m	0.019% £ 187.2k
Nigel Lingwood	Independent Non-Executive Chairman	4yrs	UK£73.00k	0.0025% £ 24.7k
Claire Tiney	Independent Non-Executive Director	7.7yrs	UK£63.00k	0.0014% £ 14.2k
Jonathan Davis	Independent Non-Executive Director	less than a year	UK£7.00k	0.0025% £ 24.7k
Amanda Mellor	Senior Independent Non-Executive Director	6.1yrs	UK£63.00k	no data
Margaret Amos	Independent Non-Executive Director	2.1yrs	UK£53.00k	no data

4.7yrs

Average Tenure

57yo

Average Age

Experienced Board: VO1's board of directors are considered experienced (4.7 years average tenure).

Volution Group Management

Management criteria checks 3/4

Key information

Recent management updates

Volution Group plc, Annual General Meeting, Dec 13, 2023

Volution Group plc Announces Board Changes, Effective 23 June 2023

Insufficient new directors

Volution Group plc, Annual General Meeting, Dec 14, 2022

Volution Group plc, Annual General Meeting, Dec 09, 2021

Recent updates

Upcoming dividend of UK£0.028 per share

First half dividend of UK£0.028 announced

First half 2024 earnings released: EPS: UK£0.11 (vs UK£0.086 in 1H 2023)

New minor risk - Financial position

Volution Group plc Declares Interim Dividend for the Six Months Ended January 31, 2024, Payable on 7 May 2024

Volution Group plc to Report Q2, 2024 Results on Mar 15, 2024

Now 21% overvalued after recent price rise

Upcoming dividend of UK£0.055 per share at 2.0% yield

Volution Group plc Recommends Final Dividend for the Year Ended 31 July 2023, Payable on 19 December 2023

Full year 2023 earnings released: EPS: UK£0.19 (vs UK£0.18 in FY 2022)

Volution Group plc, Annual General Meeting, Dec 13, 2023

Volution Group plc to Report Fiscal Year 2023 Results on Oct 05, 2023

Volution Group plc (LSE:FAN) acquired I-Vent d.o.o. from Milan Kuster.

Investor sentiment deteriorates as stock falls 16%

Volution Group plc Announces Board Changes, Effective 23 June 2023

Volution Group plc (LSE:FAN) agreed to acquire Proven Systems Ltd.

Insufficient new directors

Upcoming dividend of UK£0.025 per share at 1.7% yield

Investor sentiment improves as stock rises 22%

First half 2023 earnings released: EPS: UK£0.086 (vs UK£0.082 in 1H 2022)

Volution Group plc to Report Q2, 2023 Results on Mar 09, 2023

Upcoming dividend of UK£0.05 per share

Now 21% undervalued after recent price drop

Full year 2022 earnings released: EPS: UK£0.18 (vs UK£0.10 in FY 2021)

Volution Group plc, Annual General Meeting, Dec 14, 2022

Investor sentiment deteriorated over the past week

Now 21% undervalued

Investor sentiment improved over the past week

Volution Group plc Provides Earnings Guidance for the Year Ending July 31, 2022

Volution Group plc to Report Fiscal Year 2022 Results on Oct 06, 2022

Volution Group plc Provides Earnings Guidance for the Full Year 2022

Volution Group plc Provides Earnings Guidance for the Full Year 2022

Now 20% undervalued after recent price drop

Upcoming dividend of UK£0.023 per share

First half 2022 earnings: Revenues and EPS in line with analyst expectations

Volution Group plc to Report First Half, 2022 Results on Mar 10, 2022

Upcoming dividend of UK£0.044 per share

Full year 2021 earnings released: EPS UK£0.10 (vs UK£0.049 in FY 2020)

Volution Group plc (LSE:FAN) completed the acquisition of Energy Recovery Industries Corp. S.r.L.

Volution Group plc (LSE:FAN) signed an agreement to acquire Energy Recovery Industries.

Volution Group plc Provides Revenue Guidance for the Financial Year Ending 31 July 2021

Upcoming Dividend of UK£0.019 Per Share

Investor sentiment improved over the past week

New 90-day high: €4.18

First half 2021 earnings released: EPS UK£0.052 (vs UK£0.047 in 1H 2020)

Volution Group plc to Report First Half, 2021 Results on Mar 11, 2021

New 90-day high: €3.70

Investor sentiment improved over the past week

Volution Group plc (LSE:FAN) has signed an agreement to acquire Nordiska Klimatfabriken AB for SEK 40 million.

New 90-day high: €3.20

Volution Group plc, Annual General Meeting, Dec 09, 2021

Investor sentiment improved over the past week

New 90-day high: €2.75

New 90-day high: €2.62

Full year earnings released - EPS €0.049

Annual earnings released: Revenue misses expectations

Market bids up stock over the past week

New 90-day high: €2.08

Full year earnings released - EPS €0.049

Annual earnings released: Revenue misses expectations

New 90-day low: €1.70

Volution Group Ordinary Shares to Be Deleted from Other OTC

New 90-day low - €1.73

Volution Group plc to Report Fiscal Year 2020 Results on Oct 08, 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure