Mitie Group Management

Management criteria checks 2/4

Mitie Group's CEO is Phil Bentley, appointed in Dec 2016, has a tenure of 7.42 years. total yearly compensation is £5.85M, comprised of 15.4% salary and 84.6% bonuses, including company stock and options. directly owns 1.06% of the company’s shares, worth €18.10M. The average tenure of the management team and the board of directors is 5.8 years and 6.2 years respectively.

Key information

Phil Bentley

Chief executive officer

UK£5.9m

Total compensation

CEO salary percentage	15.4%
CEO tenure	7.4yrs
CEO ownership	1.1%
Management average tenure	5.8yrs
Board average tenure	6.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Phil Bentley's remuneration changed compared to Mitie Group's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2023	n/a	n/a	UK£99m
Jun 30 2023	n/a	n/a	UK£95m
Mar 31 2023	UK£6m	UK£900k	UK£91m
Dec 31 2022	n/a	n/a	UK£61m
Sep 30 2022	n/a	n/a	UK£30m
Jun 30 2022	n/a	n/a	UK£31m
Mar 31 2022	UK£4m	UK£900k	UK£31m
Dec 31 2021	n/a	n/a	UK£28m
Sep 30 2021	n/a	n/a	UK£25m
Jun 30 2021	n/a	n/a	UK£6m
Mar 31 2021	UK£3m	UK£788k	-UK£14m
Dec 31 2020	n/a	n/a	UK£6m
Sep 30 2020	n/a	n/a	UK£26m
Jun 30 2020	n/a	n/a	UK£33m
Mar 31 2020	UK£2m	UK£900k	UK£41m
Dec 31 2019	n/a	n/a	UK£33m
Sep 30 2019	n/a	n/a	UK£25m
Jun 30 2019	n/a	n/a	UK£24m
Mar 31 2019	UK£2m	UK£900k	UK£23m
Dec 31 2018	n/a	n/a	UK£250k
Sep 30 2018	n/a	n/a	-UK£22m
Jun 30 2018	n/a	n/a	-UK£20m
Mar 31 2018	UK£1m	UK£900k	-UK£18m

Compensation vs Market: Phil's total compensation ($USD7.31M) is above average for companies of similar size in the German market ($USD1.61M).

Compensation vs Earnings: Phil's compensation has increased by more than 20% in the past year.

CEO

Phil Bentley (64 yo)

7.4yrs

Tenure

UK£5,851,399

Compensation

Mr. Phillip Bentley, also known as Phil, has been the Chief Executive Officer of Mitie Group plc since December 12, 2016. Mr. Bentley served as the Chief Executive Officer and Executive Director of Cable &...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Phil Bentley	CEO & Executive Director	7.4yrs	UK£5.85m	1.06% £ 18.1m
Simon Kirkpatrick	CFO & Executive Director	3.1yrs	UK£1.37m	0.047% £ 799.0k
Cijo Joseph	Chief Technology & Information Officer	no data	no data	no data
Fiona Lawrence	Group IR Director	no data	no data	no data
Peter Dickinson	Chief Legal Officer	7.2yrs	no data	no data
Jasmine Hudson	Chief People Officer	4.3yrs	no data	no data
Alison Saunders	Managing Director	no data	no data	no data
Jason Towse	Managing Director of Business Services	no data	no data	no data
Tim Howell	Managing Director of Landscapes Business	11.3yrs	no data	no data
Simon Venn	Managing Director of Technical Services & Chief Government Officer	no data	no data	no data
Dan Guest	MD of Business Performance	no data	no data	no data
Danny Spencer	Managing Director of Care & Custody	2.7yrs	no data	no data

5.8yrs

Average Tenure

Experienced Management: MZ4's management team is seasoned and experienced (5.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Phil Bentley	CEO & Executive Director	7.5yrs	UK£5.85m	1.06% £ 18.1m
Simon Kirkpatrick	CFO & Executive Director	3.1yrs	UK£1.37m	0.047% £ 799.0k
Roger Yates	Senior Independent Director	6.2yrs	UK£61.00k	0.013% £ 219.1k
Derek Mapp	Non-Executive Chairman	7yrs	UK£225.00k	0.053% £ 906.6k
Penelope James	Independent Non-Executive Director	less than a year	no data	no data
Jennifer Duvalier	Independent Non-Executive Director	6.8yrs	UK£67.00k	0.0076% £ 131.0k
Mary Reilly	Independent Non-Executive Director	6.7yrs	UK£62.00k	0.0095% £ 162.9k
Chetan Patel	Independent Non-Executive Director	2.1yrs	UK£52.00k	0.0033% £ 56.4k
Salma Shah	Independent Non-Executive Director	2.1yrs	UK£54.00k	0.0014% £ 23.7k

6.2yrs

Average Tenure

54yo

Average Age

Experienced Board: MZ4's board of directors are considered experienced (6.2 years average tenure).

Mitie Group Management

Management criteria checks 2/4

Key information

Recent management updates

Mitie Group plc Appoints Penny James as Non-Executive Director

CEO & Executive Director recently bought €300k worth of stock

Mitie Group plc, Annual General Meeting, Jul 26, 2022

Mitie Group plc Announces Executive Changes

CEO & Executive Director recently bought €121k worth of stock

Mitie Group plc Announces Resignation of Nivedita Krishnamurthy Bhagat, Independent Non-Executive Director

Recent updates

Mitie Group plc (LSE:MTO) commences an Equity Buyback Plan for 135,558,827 shares, representing 9.93% of its issued share capital, under the authorization approved on July 25, 2023.

Mitie Group plc Appoints Penny James as Non-Executive Director

Mitie Group plc Reiterates Earnings Guidance for 2024

Mitie Group plc to Report Fiscal Year 2024 Results on Jun 06, 2024

Upcoming dividend of UK£0.01 per share at 3.2% yield

First half 2024 earnings released: EPS: UK£0.033 (vs UK£0.026 in 1H 2023)

Mitie Group plc Declares an Interim Dividend for the Year Ending 31 March 2024, Payable on 31 January 2024

Mitie Group plc (LSE:MTO) acquired Gbe Converge Group Ltd for £27 million.

Mitie Group plc (LSE:MTO) acquired Gbe Converge Group Ltd for £27 million.

Mitie Group plc Provides Group Revenue Guidance for the First Half of 2024

Mitie Group plc (LSE:MTO) acquired Biservicus Sistemas De Seguridad Sa for €3.3 million.

Mitie Group plc (LSE:MTO) acquired J C A Engineering Ltd for £31.5 million.

CEO & Executive Director recently bought €300k worth of stock

Upcoming dividend of UK£0.022 per share at 3.0% yield

New minor risk - Earnings quality

Mitie Group plc Recommends Final Dividend for the Year Ended March 31, 2023, Payable on 4 August 2023

Full year 2023 earnings released: EPS: UK£0.068 (vs UK£0.022 in FY 2022)

Mitie Group plc Provides Earnings Guidance for the Fiscal Year 2023

Mitie Group plc to Report Fiscal Year 2023 Results on Jun 08, 2023

Now 20% undervalued

First half 2023 earnings released: EPS: UK£0.026 (vs UK£0.027 in 1H 2022)

Mitie Group plc Provides Earnings Guidance for the Full Year 2023

Mitie Group plc to Report First Half, 2023 Results on Nov 17, 2022

Mitie Group plc, Annual General Meeting, Jul 26, 2022

Upcoming dividend of UK£0.014 per share

Mitie Group plc (LSE:MTO) announces an Equity Buyback for 142,556,256 shares, representing 10% of its issued share capital.

Full year 2022 earnings released

Mitie Group plc Recommends Final Dividend for the Year Ended March 31, 2022, Payable on 5 August 2022

Mitie Group plc (LSE:MTO) acquired 8point8 Support Limited / 8point8 Training Limited / Vantage Solutions Limited for £10 million.

Mitie Group plc Announces Executive Changes

CEO & Executive Director recently bought €121k worth of stock

Mitie Group plc Announces Resignation of Nivedita Krishnamurthy Bhagat, Independent Non-Executive Director

Mitie Group plc Provides Earnings Guidance for the Year 2022

First half 2022 earnings released: EPS UK£0.027 (vs UK£0.004 loss in 1H 2021)

Swiss Post Solutions Limited agreed to acquire Document Management Business from Mitie Group plc for £40 million.

Mitie Group plc (LSE:MTO) acquired Dael Ventures Limited from Mak Holding Limited for £15 million.

Executive Officer Andrew Peeler has left the company

Mitie Group plc has completed a Follow-on Equity Offering in the amount of £69.565217 million.

Full year 2021 earnings released: UK£0.009 loss per share (vs UK£0.11 profit in FY 2020)

Mitie Group plc Appoints Simon Kirkpatrick as Group CFO with Effect from 1 April 2021

Mitie Group plc Accepts Resignation of Alan Lovell as Non-Executive Director

Non-Executive Director has left the company

New 90-day high: €0.67

New 90-day high: €0.55

Mitie Group plc Appoints Alan Lovell as Non-Executive Director, Effective January 1, 2021

Mitie Group plc, Annual General Meeting, Nov 23, 2020

Mitie Will Not Be Providing Guidance for the Year Ending 31 March 2021

New 90-day low: €0.28

Mitie Group plc (LSE:MTO) entered into a sale and purchase agreement to acquire Interserve Facilities Management Ltd. from How Group Ltd. for approximately £410 million.

Mitie Group plc Do Not Provide Guidance for the Year Ending 31 March 2021

New 90-day low - €0.32

Mitie Group plc has completed a Follow-on Equity Offering in the amount of £201.267443 million.

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age