Pandora Management

Management criteria checks 4/4

Pandora's CEO is Alexander Lacik, appointed in Apr 2019, has a tenure of 5.08 years. total yearly compensation is DKK38.40M, comprised of 29.7% salary and 70.3% bonuses, including company stock and options. directly owns 0.32% of the company’s shares, worth €36.84M. The average tenure of the management team and the board of directors is 5.1 years and 4.2 years respectively.

Key information

Alexander Lacik

Chief executive officer

kr.38.4m

Total compensation

CEO salary percentage	29.7%
CEO tenure	5.1yrs
CEO ownership	0.3%
Management average tenure	5.1yrs
Board average tenure	4.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Alexander Lacik's remuneration changed compared to Pandora's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	kr.38m	kr.11m	kr.5b
Sep 30 2023	n/a	n/a	kr.5b
Jun 30 2023	n/a	n/a	kr.5b
Mar 31 2023	n/a	n/a	kr.5b
Dec 31 2022	kr.38m	kr.11m	kr.5b
Sep 30 2022	n/a	n/a	kr.5b
Jun 30 2022	n/a	n/a	kr.4b
Mar 31 2022	n/a	n/a	kr.5b
Dec 31 2021	kr.34m	kr.10m	kr.4b
Sep 30 2021	n/a	n/a	kr.4b
Jun 30 2021	n/a	n/a	kr.4b
Mar 31 2021	n/a	n/a	kr.3b
Dec 31 2020	kr.28m	kr.9m	kr.2b
Sep 30 2020	n/a	n/a	kr.2b
Jun 30 2020	n/a	n/a	kr.1b
Mar 31 2020	n/a	n/a	kr.2b
Dec 31 2019	kr.30m	kr.6m	kr.3b

Compensation vs Market: Alexander's total compensation ($USD5.49M) is about average for companies of similar size in the German market ($USD5.58M).

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

CEO

Alexander Lacik (58 yo)

5.1yrs

Tenure

kr.38,400,000

Compensation

Mr. Alexander Lacik has been President, Chief Executive Officer at Pandora A/S since April 23, 2019 and served as its Member of Management Board. He served as Independent Director at Swedish Match AB (publ...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Alexander Lacik	President & CEO	5.1yrs	kr.38.40m	0.32% DKK 36.8m
Anders Boyer-Søgaard	Executive VP & CFO	6.3yrs	kr.20.70m	0.20% DKK 23.4m
Per Enevoldsen	Founder & Co-Owner	no data	no data	no data
Massimo Basei	Chief of Retail Operations	1.3yrs	no data	no data
David Walmsley	Chief Digital & Technology Officer	no data	no data	no data
Bilal Aziz	VP of Investor Relations & Treasury	no data	no data	no data
Johan Melchior	Vice President of Media Relations & Public Affairs	no data	no data	no data
Mary Gasco-Buisson	Chief Marketing Officer	2.3yrs	no data	no data
Byron Clayton	Chief Human Resources Officer	1.3yrs	no data	no data
Stephen Fairchild	Chief Product Officer	no data	no data	no data
Jeremy Schwartz	Advisor	5.1yrs	kr.21.70m	no data
Geena Tok	Managing Director of China	5.7yrs	no data	no data

5.1yrs

Average Tenure

58yo

Average Age

Experienced Management: 3P7's management team is seasoned and experienced (5.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Povl Christian Frigast	Deputy Chairman	13.8yrs	kr.1.30m	no data
Lilian Biner	Independent Director	1.2yrs	kr.1.20m	0.00045% DKK 52.4k
Peter Ruzicka	Independent Chairman of the Board	4.4yrs	kr.3.10m	0.034% DKK 4.0m
Birgitta Goransson	Independent Director	8.2yrs	kr.1.30m	no data
Jan Zijderveld	Independent Director	3.2yrs	kr.1.00m	no data
Marianne Kirkegaard	Independent Director	4.2yrs	kr.900.00k	no data
Catherine Spindler	Independent Director	4.2yrs	kr.1.00m	no data

4.2yrs

Average Tenure

59yo

Average Age

Experienced Board: 3P7's board of directors are considered experienced (4.2 years average tenure).

Pandora Management

Management criteria checks 4/4

Key information

Recent management updates

Insufficient new directors

President & CEO recently sold €5.0m worth of stock

Pandora A/S Announces Resignation of Heine Dalsgaard from the Board of Directors

Heine Dalsgaard Not to Stand for Re-Election from the Board of Pandora A/S

High number of new directors

High number of new directors

Recent updates

Insufficient new directors

Pandora A/S Approves Dividend for the Year 2023

Upcoming dividend of kr.18.00 per share

President & CEO recently sold €5.0m worth of stock

Dividend of kr.18.00 announced

Full year 2023 earnings released: EPS: kr.55.50 (vs kr.54.22 in FY 2022)

Pandora A/S Provides Earnings Guidance for the Year 2024

Third quarter 2023 earnings released: EPS: kr.6.30 (vs kr.7.80 in 3Q 2022)

Pandora A/S Revises Earnings Guidance for the Year 2023

Pandora A/S to Report Q2, 2024 Results on Aug 13, 2024

Investor sentiment improves as stock rises 15%

New minor risk - Share price stability

Pandora, Reveals Expansion of Pandora Lab-Grown Diamonds with Three New Collections

Pandora A/S Revises Earnings Guidance for the Year 2023

Pandora A/S to Report Fiscal Year 2023 Results on Feb 07, 2024

Second quarter 2023 earnings released: EPS: kr.8.90 (vs kr.9.90 in 2Q 2022)

Now 20% undervalued after recent price drop

Now 21% undervalued

Pandora A/S Announces Resignation of Heine Dalsgaard from the Board of Directors

Full year 2022 earnings released: EPS: kr.54.20 (vs kr.42.12 in FY 2021)

Pandora A/S (CPSE:PNDORA) announces an Equity Buyback for DKK 2,400 million worth of its shares.

Pandora A/S Proposes Dividend for the Year 2022

Heine Dalsgaard Not to Stand for Re-Election from the Board of Pandora A/S

High number of new directors

Pandora A/S to Report Q3, 2023 Results on Nov 08, 2023

Pandora A/S Announces Earnings Guidance for the Full Year of 2022

Pandora A/S (CPSE:PNDORA) agreed to acquire 34 franchise stores in Portugal from VisAo Do Tempo Ii - DistribuiCAo, S.A.

Investor sentiment deteriorated over the past week

First quarter 2022 earnings released: EPS: kr.10.50 (vs kr.6.30 in 1Q 2021)

High number of new directors

Investor sentiment deteriorated over the past week

Upcoming dividend of kr.16.00 per share

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Pandora A/S Revises Earnings Guidance for the Year 2023

Pandora Proposes Dividend

Inaugural dividend of kr.5.00 per share

Third quarter 2021 earnings released: EPS kr.6.40 (vs kr.3.60 in 3Q 2020)

Pandora A/S Provides Earnings Guidance for the Year 2023

Pandora A/S Announces Special Dividend

Inaugural dividend of kr.5.00 per share

Second quarter 2021 earnings released: EPS kr.10.00 (vs kr.2.10 loss in 2Q 2020)

Pandora A/S (CPSE:PNDORA) announces an Equity Buyback for DKK 500 million worth of its shares.

Pandora A/S Will Distribute A Special Dividend, Effective May 12, 2021

First quarter 2021 earnings released: EPS kr.6.30 (vs kr.0.30 loss in 1Q 2020)

Pandora A/S Upgrades Financial Guidance for 2021

Pandora A/S Announces New Board Appointments

New 90-day high: €89.90

Pandora A/S Provides Earnings Guidance for the Fourth Quarter and Full Year of 2020

New 90-day high: €81.82

Pandora A/S to Report Q3, 2021 Results on Nov 03, 2021

Pandora Updates Earnings Guidance for the Year 2020

Pandora Releases Star Wars™-Inspired Collection

Pandora Provides Earnings Guidance for the Year 2020

Pandora Suspend Financial Guidance for 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age