Euronext Management

Management criteria checks 3/4

Euronext's CEO is Stéphane Boujnah, appointed in Nov 2015, has a tenure of 8.5 years. total yearly compensation is €4.35M, comprised of 23.6% salary and 76.4% bonuses, including company stock and options. directly owns 0.073% of the company’s shares, worth €6.47M. The average tenure of the management team and the board of directors is 4.4 years and 3.8 years respectively.

Key information

Stéphane Boujnah

Chief executive officer

€4.3m

Total compensation

CEO salary percentage	23.6%
CEO tenure	8.5yrs
CEO ownership	0.07%
Management average tenure	4.4yrs
Board average tenure	3.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Stéphane Boujnah's remuneration changed compared to Euronext's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	€4m	€1m	€514m
Sep 30 2023	n/a	n/a	€482m
Jun 30 2023	n/a	n/a	€392m
Mar 31 2023	n/a	n/a	€391m
Dec 31 2022	€4m	€880k	€438m
Sep 30 2022	n/a	n/a	€451m
Jun 30 2022	n/a	n/a	€491m
Mar 31 2022	n/a	n/a	€459m
Dec 31 2021	€4m	€879k	€413m
Sep 30 2021	n/a	n/a	€368m
Jun 30 2021	n/a	n/a	€322m
Mar 31 2021	n/a	n/a	€318m
Dec 31 2020	€3m	€885k	€315m
Sep 30 2020	n/a	n/a	€297m
Jun 30 2020	n/a	n/a	€291m
Mar 31 2020	n/a	n/a	€262m
Dec 31 2019	€3m	€857k	€222m
Sep 30 2019	n/a	n/a	€223m
Jun 30 2019	n/a	n/a	€210m
Mar 31 2019	n/a	n/a	€212m
Dec 31 2018	€2m	€776k	€216m
Sep 30 2018	n/a	n/a	€270m
Jun 30 2018	n/a	n/a	€259m
Mar 31 2018	n/a	n/a	€255m
Dec 31 2017	€2m	€776k	€241m

Compensation vs Market: Stéphane's total compensation ($USD4.68M) is above average for companies of similar size in the German market ($USD3.35M).

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

CEO

Stéphane Boujnah (58 yo)

8.5yrs

Tenure

€4,345,000

Compensation

Mr. Stéphane Boujnah has been the Chairman of Managing Board and Group Chief Executive Officer of Euronext N.V. since November 04, 2015. Mr. Boujnah serves as Non-Executive Chairman of Irish Stock Exchange...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Stéphane Boujnah	Chairman of the Managing Board & Group CEO	8.5yrs	€4.35m	0.073% € 6.5m
Isabel Ucha	CEO of Euronext Lisbon & Member of Managing Board	5.3yrs	€577.00k	0.0025% € 225.1k
Daryl Byrne	CEO of Euronext Dublin	5.6yrs	€822.00k	0% € 0
Simone Huis in ‘t Veld	CEO of Euronext Amsterdam & Member of Managing Board	4.6yrs	€821.00k	0.0018% € 161.3k
Øivind Amundsen	Member of Managing Board and CEO & President of Oslo Børs	4.3yrs	€641.00k	no data
Delphine de d'Amarzit	CEO of Euronext Paris & Member of the Managing Board	3yrs	€841.00k	no data
Fabrizio Testa	CEO of Borsa Italiana	2.5yrs	€1.08m	no data
Manuel Bento	COO & Member of the Managing Board	1.9yrs	€762.00k	0.014% € 1.2m
Benoit Van den Hove	CEO of Euronext Brussels & Member of the Managing Board	less than a year	€223.00k	0.0037% € 327.1k
Giorgio Modica	Chief Financial Officer	8yrs	no data	no data
Simon Gallagher	CEO of Euronext London	1.3yrs	no data	no data
Alain Courbebaisse	Chief Information & Technology Officer	6.9yrs	no data	no data

4.4yrs

Average Tenure

51.5yo

Average Age

Experienced Management: ENXB's management team is considered experienced (4.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Manuel da Silva	Independent Member of Supervisory Board	11.4yrs	€96.00k	no data
Piero Novelli	Independent Chairman of the Supervisory Board	3yrs	€249.00k	no data
Padraic O'Connor	Independent Member of the Supervisory Board	5.9yrs	€96.00k	no data
Dick Sluimers	Independent Vice Chairman of the Supervisory Board	7.8yrs	€179.00k	no data
Morten Thorsrud	Independent Member of Supervisory Board	4.5yrs	€114.00k	no data
Rika Coppens	Independent Member of the Supervisory Board	2.7yrs	€121.00k	no data
Diana Chan	Non-Independent Member of the Supervisory Board	2.7yrs	€114.00k	no data
Nathalie Rachou	Independent Member of Supervisory Board	4.5yrs	€104.00k	no data
Alessandra Ferone	Non-Independent Member of the Supervisory Board	2.7yrs	€96.00k	no data
Olivier Sichel	Non-Independent Member of the Supervisory Board	2.7yrs	€78.00k	no data

3.8yrs

Average Tenure

62yo

Average Age

Experienced Board: ENXB's board of directors are considered experienced (3.8 years average tenure).

Euronext Management

Management criteria checks 3/4

Key information

Recent management updates

CEO of Euronext Dublin recently sold €94k worth of stock

Euronext N.V. Approves Appointment of Manuel Bento and Benoît van den Hove as Members of the Managing Board

Euronext N.V. Approves Appointment of Benoît Van Den Hove as a Member of the Managing Board

Insider recently sold €52k worth of stock

CEO of Euronext Dublin recently sold €145k worth of stock

Insider recently sold €135k worth of stock

Recent updates

Full year 2023 earnings released: EPS: €4.84 (vs €4.11 in FY 2022)

Full year 2023 earnings released

Now 21% undervalued

Now 20% undervalued

Third quarter 2023 earnings released

Euronext N.V. to Report Q2, 2024 Results on Jul 25, 2024

EquiLend Holdings Reportedly Explores a Sale After Collusion Settlement

Now 22% undervalued after recent price drop

New minor risk - Financial position

Second quarter 2023 earnings released

LCH Group Holdings Limited agreed to acquire 11.1% stake in LCH SA from for €111 million.

CEO of Euronext Dublin recently sold €94k worth of stock

Euronext N.V. Approves Appointment of Manuel Bento and Benoît van den Hove as Members of the Managing Board

Euronext N.V. Approves Appointment of Benoît Van Den Hove as a Member of the Managing Board

First quarter 2023 earnings released: EPS: €0.90 (vs €1.35 in 1Q 2022)

Now 20% undervalued after recent price drop

Now 20% undervalued after recent price drop

Full year 2022 earnings released: EPS: €4.11 (vs €4.30 in FY 2021)

Now 21% undervalued after recent price drop

Full year 2022 earnings released: EPS: €4.10 (vs €4.30 in FY 2021)

Insider recently sold €52k worth of stock

Third quarter 2022 earnings released: EPS: €0.71 (vs €1.25 in 3Q 2021)

Euronext N.V. to Report Fiscal Year 2022 Results on Feb 09, 2023

CEO of Euronext Dublin recently sold €145k worth of stock

Insider recently sold €135k worth of stock

Second quarter 2022 earnings released: EPS: €1.12 (vs €0.86 in 2Q 2021)

First quarter 2022 earnings released: EPS: €1.35 (vs €1.41 in 1Q 2021)

Euronext N.V. Announce Announces Executive Changes

Full year 2021 earnings released: EPS: €4.30 (vs €4.53 in FY 2020)

Fe Fundinfo Limited acquired Funds360.

Euronext Proposes Dividend of 2021

Full year 2021 earnings: Revenues in line with analyst expectations

Now 23% undervalued after recent price drop

Third quarter 2021 earnings released

Second quarter 2021 earnings released

Infront ASA (OB:INFRO) acquired Oslo Market Solutions As from Euronext N.V. (ENXTPA:ENX).

Euronext Proposes Dividend for 2021, Payable on 19 May 2021

First quarter 2021 earnings released: EPS €1.41 (vs €1.38 in 1Q 2020)

Euronext N.V. (ENXTPA:ENX) completed the acquisition of London Stock Exchange Group Holdings Italia Spa from London Stock Exchange Group Holdings (Italy) Limited for €4.4 billion.

Full year 2020 earnings released: EPS €4.53 (vs €3.19 in FY 2019)

Euronext N.V. (ENXTPA:ENX) acquired remaining 40% stake in iBabs B.V. from the founders at an enterprise value of €53.2 million.

Euronext N.V. Appoints Piero Novelli as Chairman

Full year 2020 earnings released: EPS €4.53 (vs €3.19 in FY 2019)

Revenue beats expectations

New 90-day high: €96.80

Euronext N.V. Announces Management Changes

New 90-day low: €85.50

Euronext N.V. to Report Q3, 2021 Results on Nov 04, 2021

New 90-day low: €86.00

Revenue beats expectations

New 90-day low: €89.70

Euronext N.V. (ENXTPA:ENX) entered into a non-binding offer to acquire Borsa Italiana S.p.A. from London Stock Exchange Group plc (LSE:LSE) and others.

New 90-day high: €102

Euronext N.V. (ENXTPA:ENX) made an offer to acquire 30% stake in VP Securities A/S.

New 90-day high - €102

New 90-day high - €98.00

Euronext N.V. (ENXTPA:ENX) completed the acquisition of 30% stake in VP Securities A/S.

Cboe Global Markets, Inc. (BATS:CBOE) completed the acquisition of European Central Counterparty N.V. from ABN AMRO Clearing Bank N.V., Nasdaq, Inc. (NasdaqGS:NDAQ), The Depository Trust & Clearing Corporationon, Euronext N.V. (ENXTPA:ENX) and CBOE Europe Limited.

New 90-day high - €91.90

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age