Vestas Wind Systems Management
Management criteria checks 2/4
Vestas Wind Systems' CEO is Henrik Andersen, appointed in Aug 2019, has a tenure of 5.17 years. total yearly compensation is €8.52M, comprised of 20.7% salary and 79.3% bonuses, including company stock and options. directly owns 0.022% of the company’s shares, worth €3.93M. The average tenure of the management team and the board of directors is 4.4 years and 4.5 years respectively.
Key information
Henrik Andersen
Chief executive officer
€8.5m
Total compensation
CEO salary percentage | 20.7% |
CEO tenure | 5.2yrs |
CEO ownership | 0.02% |
Management average tenure | 4.4yrs |
Board average tenure | 4.5yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
Date | Total Compensation | Salary | Company Earnings |
---|---|---|---|
Jun 30 2024 | n/a | n/a | -€49m |
Mar 31 2024 | n/a | n/a | -€6m |
Dec 31 2023 | €9m | €2m | €77m |
Sep 30 2023 | n/a | n/a | -€612m |
Jun 30 2023 | n/a | n/a | -€788m |
Mar 31 2023 | n/a | n/a | -€792m |
Dec 31 2022 | €5m | €2m | -€2b |
Sep 30 2022 | n/a | n/a | -€1b |
Jun 30 2022 | n/a | n/a | -€764m |
Mar 31 2022 | n/a | n/a | -€563m |
Dec 31 2021 | €4m | €2m | €134m |
Sep 30 2021 | n/a | n/a | €692m |
Jun 30 2021 | n/a | n/a | €861m |
Mar 31 2021 | n/a | n/a | €772m |
Dec 31 2020 | n/a | n/a | €765m |
Sep 30 2020 | n/a | n/a | €485m |
Jun 30 2020 | n/a | n/a | €507m |
Mar 31 2020 | n/a | n/a | €604m |
Dec 31 2019 | n/a | n/a | €704m |
Sep 30 2019 | n/a | n/a | €640m |
Jun 30 2019 | n/a | n/a | €513m |
Mar 31 2019 | n/a | n/a | €607m |
Dec 31 2018 | €147k | n/a | €684m |
Compensation vs Market: Henrik's total compensation ($USD9.26M) is above average for companies of similar size in the German market ($USD5.04M).
Compensation vs Earnings: Henrik's compensation has increased whilst the company is unprofitable.
CEO
Henrik Andersen (57 yo)
5.2yrs
Tenure
€8,519,892
Compensation
Mr. Henrik Andersen serves as Director of Saxo Bank A/S and Saxo Bank (Switzerland) Ltd. since 2022. He has been Group President and Chief Executive Officer of Vestas Wind Systems A/S since August 1, 2019....
Leadership Team
Name | Position | Tenure | Compensation | Ownership |
---|---|---|---|---|
Group President & CEO | 5.2yrs | €8.52m | 0.022% € 3.9m | |
Executive VP & CFO | 2.6yrs | €2.42m | no data | |
Executive VP & CTO | 4.4yrs | no data | no data | |
VP & Head of Investor Relations | no data | no data | no data | |
Vice President of Communications | no data | no data | no data | |
Group Senior Vice President of Marketing | no data | no data | no data | |
Executive VP of Sales & Chief Sales Officer | 3.3yrs | no data | no data | |
Executive Vice President of People & Culture | less than a year | no data | no data | |
Chief Scientific Advisor | 4.4yrs | no data | no data | |
Senior VP & Country Head | 10.5yrs | no data | no data | |
Executive VP of Service & Chief Service Officer | no data | no data | no data | |
Senior VP and Head of Global Offshore Service & Construction | no data | no data | no data |
4.4yrs
Average Tenure
55yo
Average Age
Experienced Management: VWSB's management team is considered experienced (4.4 years average tenure).
Board Members
Name | Position | Tenure | Compensation | Ownership |
---|---|---|---|---|
Independent Deputy Chair of the Board | 4.5yrs | €239.17k | 0.00081% € 141.9k | |
Independent Director | 2.5yrs | €131.08k | 0.000070% € 12.3k | |
Employee Representative Director | 18.9yrs | €61.09k | no data | |
Chairman of the Board | 4.5yrs | €323.53k | 0.0040% € 702.6k | |
Independent Director | 5.5yrs | €132.95k | 0.0017% € 299.6k | |
Independent Director | 5.5yrs | €97.02k | 0.00027% € 47.3k | |
Employee Representative Director | 16.5yrs | €61.09k | no data | |
Director | less than a year | no data | no data | |
Employee Representative Director | 2.4yrs | €61.09k | no data | |
Employee Representatives Director | less than a year | no data | no data |
4.5yrs
Average Tenure
56yo
Average Age
Experienced Board: VWSB's board of directors are considered experienced (4.5 years average tenure).