World Kinect Management

Management criteria checks 2/4

World Kinect's CEO is Mike Kasbar, appointed in Jul 2002, has a tenure of 21.75 years. total yearly compensation is $15.27M, comprised of 6.4% salary and 93.6% bonuses, including company stock and options. directly owns 1.54% of the company’s shares, worth €21.34M. The average tenure of the management team and the board of directors is 3.1 years and 17.8 years respectively.

Key information

Mike Kasbar

Chief executive officer

US$15.3m

Total compensation

CEO salary percentage	6.4%
CEO tenure	21.8yrs
CEO ownership	1.5%
Management average tenure	3.1yrs
Board average tenure	17.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mike Kasbar's remuneration changed compared to World Kinect's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$58m
Dec 31 2023	n/a	n/a	US$53m
Sep 30 2023	n/a	n/a	US$109m
Jun 30 2023	n/a	n/a	US$116m
Mar 31 2023	n/a	n/a	US$111m
Dec 31 2022	US$15m	US$979k	US$114m
Sep 30 2022	n/a	n/a	US$109m
Jun 30 2022	n/a	n/a	US$88m
Mar 31 2022	n/a	n/a	US$81m
Dec 31 2021	US$5m	US$900k	US$74m
Sep 30 2021	n/a	n/a	US$55m
Jun 30 2021	n/a	n/a	US$115m
Mar 31 2021	n/a	n/a	US$87m
Dec 31 2020	US$7m	US$900k	US$110m
Sep 30 2020	n/a	n/a	US$170m
Jun 30 2020	n/a	n/a	US$136m
Mar 31 2020	n/a	n/a	US$183m
Dec 31 2019	US$7m	US$900k	US$179m
Sep 30 2019	n/a	n/a	US$152m
Jun 30 2019	n/a	n/a	US$142m
Mar 31 2019	n/a	n/a	US$134m
Dec 31 2018	US$5m	US$900k	US$128m
Sep 30 2018	n/a	n/a	-US$95m
Jun 30 2018	n/a	n/a	-US$172m
Mar 31 2018	n/a	n/a	-US$170m
Dec 31 2017	US$6m	US$900k	-US$170m

Compensation vs Market: Mike's total compensation ($USD15.27M) is above average for companies of similar size in the German market ($USD1.61M).

Compensation vs Earnings: Mike's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Mike Kasbar (66 yo)

21.8yrs

Tenure

US$15,272,338

Compensation

Mr. Michael J. Kasbar, also known as Mike, has been the Chief Executive Officer of World Kinect Corporation (formerly known as World Fuel Services Corporation) since January 1, 2012 and July 2002 respectiv...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Michael Kasbar	Chairman	21.8yrs	US$15.27m	1.54% $ 21.3m
Ira Birns	Executive VP & CFO	17yrs	US$5.46m	0.24% $ 3.3m
John Rau	Executive Vice President of Global Aviation	8.1yrs	US$4.94m	0.15% $ 2.0m
Jose-Miguel Tejada	Senior VP & Chief Accounting Officer	2.7yrs	no data	0.049% $ 671.7k
Josh McLean	Chief Information Officer	1.1yrs	no data	no data
Elsa Ballard	Vice President of Investor Relations	no data	no data	no data
Fernando Casadevall	Chief Human Resources Officer	3.5yrs	no data	no data
Robert Lake	Executive Vice President	no data	no data	no data
Wade DeClaris	Chief Commercial Officer	no data	no data	no data
Amy Quintana Avalos	Senior VP	1.3yrs	no data	no data
Jeffrey Weissman	Senior VP & Chief Commercial Counsel	2.7yrs	no data	no data
Glenn Klevitz	VP & Treasurer	no data	no data	no data

3.1yrs

Average Tenure

59yo

Average Age

Experienced Management: WFK's management team is considered experienced (3.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Michael Kasbar	Chairman	28.8yrs	US$15.27m	1.54% $ 21.3m
Paul Stebbins	Independent Chairman Emeritus	28.8yrs	US$264.37k	0.25% $ 3.4m
Stephen Roddenberry	Lead Independent Director	17.8yrs	US$349.36k	0.20% $ 2.8m
Richard Kassar	Independent Director	21.7yrs	US$304.36k	0.13% $ 1.8m
Kanwaljit Bakshi	Independent Director	21.7yrs	US$364.37k	0.088% $ 1.2m
Jill Smart	Independent Director	2.6yrs	US$279.36k	0.018% $ 249.9k
John Manley	Independent Director	13.5yrs	US$347.49k	0.097% $ 1.3m
Jorge Benitez	Independent Director	9.3yrs	US$369.37k	0.066% $ 917.2k
Sharda Cherwoo	Independent Director	4.2yrs	US$299.36k	0.034% $ 474.1k

17.8yrs

Average Tenure

66yo

Average Age

Experienced Board: WFK's board of directors are seasoned and experienced ( 17.8 years average tenure).

World Kinect Management

Management criteria checks 2/4

Key information

Recent management updates

Independent Chairman Emeritus recently sold €1.4m worth of stock

Insufficient new directors

World Fuel Services Corporation Announces Jeffrey P. Smith Intends to Retire and Resigns as Executive Vice President and Chief Operating Officer

World Fuel Services Corporation, Annual General Meeting, May 17, 2022

World Fuel Services Corporation, Annual General Meeting, May 17, 2022

Insufficient new directors

Recent updates

First quarter 2024 earnings released: EPS: US$0.46 (vs US$0.37 in 1Q 2023)

World Kinect Corporation to Report Q1, 2024 Results on Apr 25, 2024

Upcoming dividend of US$0.17 per share

World Kinect Corporation Increases Regular Quarterly Cash Dividend, Payable on April 16, 2024

Independent Chairman Emeritus recently sold €1.4m worth of stock

Full year 2023 earnings released: EPS: US$0.86 (vs US$1.83 in FY 2022)

World Kinect Corporation to Report Q4, 2023 Results on Feb 22, 2024

World Kinect Corporation Declares Regular Quarterly Cash Dividend, Payable on January 16, 2024

Third quarter 2023 earnings released: EPS: US$0.58 (vs US$0.69 in 3Q 2022)

World Kinect Corporation to Report Q3, 2023 Results on Oct 26, 2023

World Kinect Corporation Declares Quarterly Cash Dividend, Payable on October 16, 2023

Second quarter 2023 earnings released: EPS: US$0.48 (vs US$0.39 in 2Q 2022)

World Kinect Corporation to Report Q2, 2023 Results on Jul 27, 2023

World Kinect Corporation Declares Regular Quarterly Cash Dividend, Payable on July 10, 2023

First quarter 2023 earnings released: EPS: US$0.37 (vs US$0.41 in 1Q 2022)

Upcoming dividend of US$0.14 per share at 2.2% yield

Insufficient new directors

Full year 2022 earnings released: EPS: US$1.83 (vs US$1.17 in FY 2021)

World Fuel Services Corporation to Report Q4, 2022 Results on Feb 23, 2023

World Fuel Services Corporation Declares Quarterly Cash Dividend, Payable on January 6, 2023

World Fuel Services Corporation Announces Jeffrey P. Smith Intends to Retire and Resigns as Executive Vice President and Chief Operating Officer

Third quarter 2022 earnings released: EPS: US$0.69 (vs US$0.34 in 3Q 2021)

World Fuel Services Corporation to Report Q3, 2022 Results on Oct 27, 2022

World Fuel Services Corporation Increases Quarterly Dividend, Payable on October 7, 2022

Investor sentiment improved over the past week

Second quarter 2022 earnings released: EPS: US$0.39 (vs US$0.28 in 2Q 2021)

World Fuel Services Corporation to Report Q2, 2022 Results on Jul 28, 2022

World Fuel Services Corporation Expands Customer Access to Sustainable Aviation Fuel

Investor sentiment deteriorated over the past week

Upcoming dividend of US$0.12 per share

World Fuel Services Corporation Declares Regular Quarterly Cash Dividend, Payable on July 1, 2022

First quarter 2022 earnings released: EPS: US$0.41 (vs US$0.30 in 1Q 2021)

World Fuel Services Corporation to Report Q1, 2022 Results on Apr 28, 2022

World Fuel Services Corporation, Annual General Meeting, May 17, 2022

World Fuel Services Corporation, Annual General Meeting, May 17, 2022

Upcoming dividend of US$0.12 per share

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

World Fuel Services Corporation to Report Q4, 2021 Results on Feb 24, 2022

Third quarter 2021 earnings released: EPS US$0.34 (vs US$1.29 in 3Q 2020)

Insufficient new directors

Independent Director recently sold €189k worth of stock

Executive Vice President of Global Land recently sold €139k worth of stock

Second quarter 2021 earnings released: EPS US$0.28 (vs US$0.16 loss in 2Q 2020)

Executive Vice President of Global Land recently sold €130k worth of stock

Upcoming dividend of US$0.12 per share

World Fuel Services Corporation Announces Quarterly Dividend, Payable on July 1, 2021

Independent Director recently sold €428k worth of stock

First quarter 2021 earnings released: EPS US$0.30 (vs US$0.64 in 1Q 2020)

Upcoming Dividend of US$0.12 Per Share

World Fuel Services Corporation Announces Quarterly Cash Dividend, Payable on April 9, 2021

New 90-day high: €30.00

Full year 2020 earnings released: EPS US$1.72 (vs US$2.71 in FY 2019)

Revenue misses expectations

World Fuel Services Corporation to Report Q4, 2020 Results on Feb 25, 2021

New 90-day high: €29.00

Independent Chairman Emeritus recently sold €1.4m worth of stock

New 90-day high: €27.00

Independent Chairman Emeritus recently sold €632k worth of stock

Independent Chairman Emeritus recently sold €596k worth of stock

Market bids up stock over the past week

New 90-day low: €16.40

Third quarter earnings released

Third-quarter earnings released: Revenue misses expectations

World Fuel Services Corporation to Report Q3, 2020 Results on Oct 29, 2020

Corsair Capital LLC completed the acquisition of Multi Service Technology Solutions Inc. from World Fuel Services Corporation (NYSE:INT) for approximately $380 million.

New 90-day low: €18.50

Independent Chairman Emeritus recently sold €458.2k worth of stock

World Fuel Services Corporation to Report Q2, 2020 Results on Jul 30, 2020

CEO Compensation Analysis