Sonae SGPS Management

Management criteria checks 4/4

Sonae SGPS' CEO is Maria Claudia de Azevedo, appointed in Apr 2019, has a tenure of 5.08 years. total yearly compensation is €1.60M, comprised of 32.1% salary and 67.9% bonuses, including company stock and options. directly owns 0.053% of the company’s shares, worth €963.98K. The average tenure of the management team and the board of directors is 7.8 years and 9.1 years respectively.

Key information

Maria Claudia de Azevedo

Chief executive officer

€1.6m

Total compensation

CEO salary percentage	32.1%
CEO tenure	5.1yrs
CEO ownership	0.05%
Management average tenure	7.8yrs
Board average tenure	9.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Maria Claudia de Azevedo's remuneration changed compared to Sonae SGPS's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	€370m
Sep 30 2023	n/a	n/a	€211m
Jun 30 2023	n/a	n/a	€237m
Mar 31 2023	n/a	n/a	€267m
Dec 31 2022	€2m	€515k	€290m
Sep 30 2022	n/a	n/a	€282m
Jun 30 2022	n/a	n/a	€294m
Mar 31 2022	n/a	n/a	€277m
Dec 31 2021	€2m	€506k	€233m
Sep 30 2021	n/a	n/a	€194m
Jun 30 2021	n/a	n/a	€207m
Mar 31 2021	n/a	n/a	€127m
Dec 31 2020	€1m	€494k	€67m
Sep 30 2020	n/a	n/a	€77m
Jun 30 2020	n/a	n/a	€40m
Mar 31 2020	n/a	n/a	€81m
Dec 31 2019	€870k	€284k	€153m

Compensation vs Market: Maria Claudia's total compensation ($USD1.73M) is about average for companies of similar size in the German market ($USD1.63M).

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

CEO

Maria Claudia de Azevedo (53 yo)

5.1yrs

Tenure

€1,603,200

Compensation

Ms. Maria Claudia Teixeira de Azevedo is Chair of the Board of Musti Group Oyj from April 12, 2024. Ms. de Azevedo serves as the Chief Executive Officer of Software & Technology and Onine & Media at Sonaec...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Maria Claudia de Azevedo	CEO & Executive Director	5.1yrs	€1.60m	0.053% € 964.0k
Joao Pedro da Silva Torres Dolores	CFO & Executive Director	5.1yrs	€945.40k	0.0082% € 149.9k
Ricardo da Rocha	Head of Investor Relations	no data	no data	no data
Célia da Conceição Azevedo das Sá Miranda	Head of General Counsel & Corporate Governance and Company Secretary	1.3yrs	no data	no data
Joao Nonell Amaral	Chief Development Officer & Head of Human Resources and Director	no data	no data	no data
Luis Miguel Mesquita Moutinho	CEO of Sonae MC	14.3yrs	no data	no data
Fernando María Guedes Antunes de Oliveira	CEO of Sonae Sierra	no data	no data	no data
Miguel Freitas	Chief Executive Officer of Worten	9.3yrs	no data	no data
Miguel Nuno Almeida	Chief Executive Officer of NOS	10.6yrs	no data	no data
David Graham Bain	Board & Corporate Governance Officer	no data	no data	no data
Eduardo Piedade	Chief Executive Officer of BrightPixel Sonoe	6.3yrs	no data	no data
Luis Reis	CEO of Universo Sonoe & Zeitreel Sonoe	11.3yrs	no data	no data

7.8yrs

Average Tenure

54yo

Average Age

Experienced Management: YSON's management team is seasoned and experienced (7.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Maria Claudia de Azevedo	CEO & Executive Director	5yrs	€1.60m	0.053% € 964.0k
Joao Pedro da Silva Torres Dolores	CFO & Executive Director	5yrs	€945.40k	0.0082% € 149.9k
Joao Nonell Amaral	Chief Development Officer & Head of Human Resources and Director	less than a year	no data	no data
Luis Miguel Mesquita Moutinho	CEO of Sonae MC	no data	no data	no data
José Manuel Tromdade Adelino	Lead Non-Executive Director	17.3yrs	€71.20k	no data
Angelo Gabriel dos Santos Pauperio	Non-Executive Director	24.3yrs	€141.60k	0.19% € 3.5m
Duarte Paulo de Azevedo	Non-Executive Chairman	24.3yrs	€320.50k	0.068% € 1.2m
Marcelo de Lima	Independent Non-Executive Director	9.1yrs	€52.70k	no data
José Manuel Fortunato	Director	no data	no data	no data
Maria José Martins da Fonseca	Chair of Statutory Audit Board	9.1yrs	no data	no data
Maria Clemares Sempere	Independent Non-Executive Director	5.1yrs	€53.20k	no data
Álvaro José do Nascimento	Director	no data	no data	no data

9.1yrs

Average Tenure

58yo

Average Age

Experienced Board: YSON's board of directors are considered experienced (9.1 years average tenure).

Sonae SGPS Management

Management criteria checks 4/4

Key information

Recent management updates

Sonae, SGPS, S.A., Annual General Meeting, Apr 28, 2023

Recent updates

Dividend increased to €0.056

Full year 2023 earnings released

Sonae, SGPS, S.A. (ENXTLS:SON), Jeffrey David, Johan Dettel and David Rönnberg completed the acquisition of 80.58% stake in Musti Group Oyj (HLSE : MUSTI).

Sonae, SGPS, S.A. (ENXTLS:SON), Jeffrey David, Johan Dettel and David Rönnberg completed the acquisition of a remaining 95.8% stake in Musti Group Oyj.

Sonae, SGPS, S.A. to Report First Half, 2024 Results on Jul 30, 2024

Sonae, SGPS, S.A. (ENXTLS:SON), Jeffrey David, Johan Dettel and David Rönnberg entered into an agreement for tender offer to acquire remaining 95.8% stake in Musti Group Oyj (HLSE : MUSTI) for approximately €870 million.

Third quarter 2023 earnings released

New minor risk - Earnings quality

Second quarter 2023 earnings released

Now 22% undervalued after recent price drop

First quarter 2023 earnings released: EPS: €0.014 (vs €0.023 in 1Q 2022)

Full year 2022 earnings released

Sonae, SGPS, S.A., Annual General Meeting, Apr 28, 2023

Sonae, SGPS, S.A. to Report Fiscal Year 2022 Results on Mar 16, 2023

Sonae, SGPS, S.A. to Report Nine Months, 2022 Results on Nov 09, 2022

Second quarter 2022 earnings released

First quarter 2022 earnings released: EPS: €0.022 (vs €0.001 in 1Q 2021)

Upcoming dividend of €0.051 per share

Full year 2021 earnings released: EPS: €0.12 (vs €0.035 in FY 2020)

Ardonagh Global Partners agreed to acquire MDS Group from IPLF Holding S.A. and Sonae, SGPS, S.A. (ENXTLS:SON).

Third quarter 2021 earnings: EPS in line with analyst expectations despite revenue beat

Camoens Investments S. á r. l completed the acquisition of 25% stake in SONAE MC, SGPS, S.A. from Sonae, SGPS, S.A. (ENXTLS:SON).

Sonae, SGPS Maia Reg Shares to be Deleted from Other OTC

First quarter 2021 earnings released

Full year 2020 earnings released: EPS €0.037 (vs €0.08 in FY 2019)

Full year 2020 earnings released

New 90-day high: €0.73

Sonae, SGPS, S.A. (ENXTLS:SON) acquired 10% stake in Sonae Sierra, S.G.P.S., S.A. from Grosvenor Group Limited.

Sonae, SGPS, S.A. to Report Fiscal Year 2020 Results on Mar 18, 2021

New 90-day high: €0.73

New 90-day high: €0.71

Revenue beats expectations

New 90-day low: €0.49

New 90-day low: €0.55

First half earnings released

New 90-day low: €0.58

Earnings released

New 90-day low - €0.60

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age