Wendel Management

Management criteria checks 3/4

Wendel's CEO is Laurent Mignon, appointed in Dec 2022, has a tenure of 1.33 years. total yearly compensation is €5.33M, comprised of 24.4% salary and 75.6% bonuses, including company stock and options. directly owns 0.014% of the company’s shares, worth €566.01K. The average tenure of the management team and the board of directors is 4.3 years and 6.9 years respectively.

Key information

Laurent Mignon

Chief executive officer

€5.3m

Total compensation

CEO salary percentage	24.4%
CEO tenure	1.3yrs
CEO ownership	0.01%
Management average tenure	4.3yrs
Board average tenure	6.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Laurent Mignon's remuneration changed compared to Wendel's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	€5m	€1m	€58m
Sep 30 2023	n/a	n/a	€133m
Jun 30 2023	n/a	n/a	€262m
Mar 31 2023	n/a	n/a	€167m
Dec 31 2022	€5m	€103k	€17m

Compensation vs Market: Laurent's total compensation ($USD5.70M) is above average for companies of similar size in the German market ($USD2.56M).

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

CEO

Laurent Mignon (60 yo)

1.3yrs

Tenure

€5,325,262

Compensation

Mr. Laurent Mignon serves as Independent Director of LVMH Moët Hennessy - Louis Vuitton, Société Européenne since April 20, 2023. He serves as Chairman at Bureau Veritas SA from June 22, 2023 and served as...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Laurent Mignon	Group CEO & Chairman of the Executive Board	1.3yrs	€5.33m	0.014% € 566.0k
Harper Mates	MD & Employee Representative Member of Supervisory Board	no data	no data	0.0052% € 212.3k
David Darmon	Deputy CEO & Member of Executive Board	4.6yrs	€3.16m	0.14% € 5.8m
Sophie Parise	Employee Representative Member of Supervisory Board & Tax Manager	no data	no data	0.012% € 474.6k
Adam Reinmann	MD & CEO of Wendel North America	no data	no data	no data
Xavier Lemonnier	Managing Director	no data	no data	no data
Benoit Drillaud	Chief Financial Officer	less than a year	no data	no data
Alexina Portal	Director of Human & Operational Resources	4.1yrs	no data	no data
Olivier Allot	Director of Financial Communication & Data Intelligence and Investor Relations	17.3yrs	no data	no data
Caroline Bertin Delacour	General Counsel	12.8yrs	no data	no data
Christine Anglade-Pirzadeh	Director of Communications & Sustainable Development and Advisor to the Executive Board	12.5yrs	no data	no data
Cyril Marie	Executive Vice-President Strategy and Corporate Development	less than a year	no data	no data

4.3yrs

Average Tenure

50yo

Average Age

Experienced Management: WIS's management team is considered experienced (4.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Harper Mates	MD & Employee Representative Member of Supervisory Board	3.3yrs	no data	0.0052% € 212.3k
Sophie Parise	Employee Representative Member of Supervisory Board & Tax Manager	5.6yrs	no data	0.012% € 474.6k
Nicolas Ver Hulst	Chairman of the Supervisory Board	6.9yrs	€360.00k	0.0021% € 85.7k
Franca Benetton	Independent Member of Supervisory Board	5.9yrs	€70.00k	0.0011% € 47.1k
Francois de Mitry	Member of Supervisory Board	18.9yrs	€75.42k	0.0069% € 284.0k
Olivier Legrain	Chairman of Materis Paints	no data	no data	no data
Thomas de Villeneuve	Member of Supervisory Board	3.8yrs	€80.00k	0.0011% € 47.1k
William Torchiana	Independent Member of the Supervisory Board	1.8yrs	€98.23k	0.0046% € 189.4k
Gervais Gilles Pellissier	Independent Vice-Chairman & Lead Member of the Supervisory Board	8.8yrs	€145.00k	0.0011% € 47.1k
Humbert de Wendel	Member of Supervisory Board	12.9yrs	€80.00k	0.52% € 21.3m
Benedicte Coste	Member of Supervisory Board	10.9yrs	€80.00k	0.0024% € 100.4k
Priscilla de Moustier	Member of Supervisory Board	10.9yrs	€110.00k	0.33% € 13.6m

6.9yrs

Average Tenure

64.5yo

Average Age

Experienced Board: WIS's board of directors are considered experienced (6.9 years average tenure).

Wendel Management

Management criteria checks 3/4

Key information

Recent management updates

Wendel, Annual General Meeting, May 16, 2024

Wendel Appoints Cyril Marie as Executive Vice-President Strategy and Corporate Development with Effect from July 25, 2023

Wendel Promotes Benoît Drillaud to Chief Financial Officer

Wendel Announces Board Promotions

Wendel Appoints Laurent Mignon as Member of the Executive Board, January 1 2023

Wendel Announces Executive Changes

Recent updates

Full year 2023 earnings released

Now 20% undervalued

One Rock Capital Partners, LLC completed the acquisition of Constantia Flexibles Group GmbH from Wendel (ENXTPA:MF), Maxburg Capital Partners GmbH and others.

Now 21% undervalued after recent price drop

Wendel Provides Revenue Guidance for the Year 2023

Wendel in Exclusive Talks to Acquire Controlling Stake in IK Partners

Now 20% undervalued after recent price drop

New major risk - Revenue and earnings growth

First half 2023 earnings released: EPS: €2.05 (vs €2.54 loss in 1H 2022)

One Rock Capital Partners, LLC entered into an agreement to acquire Constantia Flexibles Group GmbH from Wendel (ENXTPA:MF) and others for €1.1 billion.

Wendel, Annual General Meeting, May 16, 2024

Wendel (ENXTPA:MF) along with management completed the acquisition of Scalian SAS from Cobepa S.A.

Wendel Appoints Cyril Marie as Executive Vice-President Strategy and Corporate Development with Effect from July 25, 2023

Upcoming dividend of €3.20 per share at 3.2% yield

Wendel Promotes Benoît Drillaud to Chief Financial Officer

Full year 2022 earnings released: EPS: €1.64 (vs €23.07 in FY 2021)

Wendel (ENXTPA:MF) entered into a definitive agreement to acquire an unknown minority stake in TaDaweb S.A. for €15 million.

Wendel Announces Board Promotions

Wendel Appoints Laurent Mignon as Member of the Executive Board, January 1 2023

Wendel to Report Fiscal Year 2022 Results on Mar 17, 2023

First half 2022 earnings released

Generali Vie S.A. entered into binding agreement to acquire Headquarter building on Taitbout from Wendel.

Generali Vie S.A. entered into binding agreement to acquire Headquarter building on Taitbout from Wendel.

Wendel Announces Executive Changes

Upcoming dividend of €3.00 per share

Wendel Appoints Sébastien Metzger as General Counsel M&A and Finance

Colibri Group and Wendel (ENXTPA:MF) entered into an Equity Purchase Agreement to acquire Financial Services Segment of Adtalem Global Education Inc. (NYSE:ATGE) for $1 billion.

First half 2021 earnings released: EPS €2.97 (vs €2.66 loss in 1H 2020)

Upcoming dividend of €2.90 per share

Full year 2020 earnings released: €3.72 loss per share (vs €4.59 loss in FY 2019)

Wendel Proposes Dividend for the Year 2020, Payable on July 5, 2021

New 90-day high: €102

Wendel Announces Promotion of Harper Mates to Managing Director

New 90-day high: €99.05

New 90-day high: €96.65

New 90-day high: €90.85

Wendel Announces Board Changes

A South African consortium of investors and management agreed to acquire unknown minority stake in Tsebo Outsourcing Group Proprietary Limited from Wendel (ENXTPA:MF).

An undisclosed investor acquired 15.25% stake in Legrand S.A. (ENXTPA: LR) from Kohlberg Kravis Roberts & Co. (NYSE: KKR) and Wendel (ENXTPA: MF) for €1.2 billion.

New 90-day low: €77.70

An investor group controlled by Warburg Pincus completed the acquisition of approximately 6% ownership interest in Allied Universal from Wendel (ENXTPA:MF) for approximately $200 million.

Wendel to Report First Half, 2021 Results on Jul 29, 2021

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age