SSP Group Management
Management criteria checks 3/4
SSP Group's CEO is Patrick Coveney, appointed in Mar 2022, has a tenure of 2.75 years. total yearly compensation is £1.65M, comprised of 48.7% salary and 51.3% bonuses, including company stock and options. directly owns 0.12% of the company’s shares, worth €2.02M. The average tenure of the management team and the board of directors is 2.3 years and 4.3 years respectively.
Key information
Patrick Coveney
Chief executive officer
UK£1.6m
Total compensation
| CEO salary percentage | 48.7% |
| CEO tenure | 2.8yrs |
| CEO ownership | 0.1% |
| Management average tenure | 2.3yrs |
| Board average tenure | 4.3yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | UK£2m | UK£802k | UK£27m |
| Jun 30 2024 | n/a | n/a | UK£18m |
| Mar 31 2024 | n/a | n/a | UK£8m |
| Dec 31 2023 | n/a | n/a | UK£8m |
| Sep 30 2023 | UK£2m | UK£784k | UK£8m |
| Jun 30 2023 | n/a | n/a | UK£10m |
| Mar 31 2023 | n/a | n/a | UK£12m |
| Dec 31 2022 | n/a | n/a | UK£1m |
| Sep 30 2022 | UK£2m | UK£390k | -UK£10m |
Compensation vs Market: Patrick's total compensation ($USD2.07M) is above average for companies of similar size in the German market ($USD1.52M).
Compensation vs Earnings: Patrick's compensation has been consistent with company performance over the past year.
CEO
Patrick Coveney (54 yo)
2.8yrs
Tenure
UK£1,646,000
Compensation
Mr. Patrick Francis Coveney, B.Comm, M.Phil, D.Phil, serves as Non-Executive Director at Olam Food Ingredients Spain S.L. He has been Group Chief Executive Officer and Director at SSP Group plc since March...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group CEO & Director | 2.8yrs | UK£1.65m | 0.12% € 2.0m | |
| Deputy CEO | 20.9yrs | UK£1.03m | 0.22% € 3.7m | |
| Co-Owner | no data | no data | no data | |
| Co-Owner | no data | no data | no data | |
| Co-Owner | no data | no data | no data | |
| Chief Operationg officer | less than a year | no data | no data | |
| Chief Digital & Technology Officer | less than a year | no data | no data | |
| Group General Counsel & Company Secretary | 1.8yrs | no data | no data | |
| Chief People Officer | less than a year | no data | no data | |
| Chief Procurement Officer | no data | no data | no data | |
| Chief Business Development & Strategy Officer and CEO India and EEME | 12.8yrs | no data | no data | |
| Chief Executive Officer of SSP North America | 10.4yrs | no data | no data |
2.3yrs
Average Tenure
59yo
Average Age
Experienced Management: 83S2's management team is considered experienced (2.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group CEO & Director | 2.8yrs | UK£1.65m | 0.12% € 2.0m | |
| Deputy CEO | 10.5yrs | UK£1.03m | 0.22% € 3.7m | |
| Independent Non-Executive Director | 4.3yrs | UK£66.00k | 0.0052% € 88.2k | |
| Independent Non-Executive Director | 2.9yrs | UK£55.00k | 0.0024% € 41.6k | |
| Independent Chairman of the Board | 5.1yrs | UK£286.00k | 0.030% € 511.4k | |
| Independent Non-Executive Director | 4.2yrs | UK£65.00k | 0.0038% € 64.1k | |
| Senior Independent Non-Executive Director | 6.2yrs | UK£75.00k | 0.0039% € 66.3k | |
| Independent Non-Executive Director | 2.9yrs | UK£56.00k | 0.0029% € 50.1k |
4.3yrs
Average Tenure
60yo
Average Age
Experienced Board: 83S2's board of directors are considered experienced (4.3 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 12:16 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/09/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
SSP Group plc is covered by 34 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| James Rowland Clark | Barclays |
| Patrick Coffey | Barclays |
| Stuart Gordon | Berenberg |