AAK AB (publ.) Management

Management criteria checks 4/4

AAK AB (publ.)'s CEO is Johan Westman, appointed in May 2018, has a tenure of 6.5 years. total yearly compensation is SEK27.61M, comprised of 39.5% salary and 60.5% bonuses, including company stock and options. directly owns 0.021% of the company’s shares, worth €1.32M. The average tenure of the management team and the board of directors is 4.6 years and 4.1 years respectively.

Key information

Johan Westman

Chief executive officer

SEK 27.6m

Total compensation

CEO salary percentage	39.5%
CEO tenure	6.5yrs
CEO ownership	0.02%
Management average tenure	4.6yrs
Board average tenure	4.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Johan Westman's remuneration changed compared to AAK AB (publ.)'s earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	SEK 3b
Jun 30 2024	n/a	n/a	SEK 3b
Mar 31 2024	n/a	n/a	SEK 3b
Dec 31 2023	SEK 28m	SEK 11m	SEK 3b
Sep 30 2023	n/a	n/a	SEK 3b
Jun 30 2023	n/a	n/a	SEK 2b
Mar 31 2023	n/a	n/a	SEK 2b
Dec 31 2022	SEK 29m	SEK 11m	SEK 2b
Sep 30 2022	n/a	n/a	SEK 2b
Jun 30 2022	n/a	n/a	SEK 2b
Mar 31 2022	n/a	n/a	SEK 2b
Dec 31 2021	SEK 22m	SEK 9m	SEK 1b
Sep 30 2021	n/a	n/a	SEK 1b
Jun 30 2021	n/a	n/a	SEK 1b
Mar 31 2021	n/a	n/a	SEK 2b
Dec 31 2020	SEK 15m	SEK 9m	SEK 2b
Sep 30 2020	n/a	n/a	SEK 2b
Jun 30 2020	n/a	n/a	SEK 1b
Mar 31 2020	n/a	n/a	SEK 2b
Dec 31 2019	SEK 19m	SEK 8m	SEK 1b
Sep 30 2019	n/a	n/a	SEK 1b
Jun 30 2019	n/a	n/a	SEK 1b
Mar 31 2019	n/a	n/a	SEK 1b
Dec 31 2018	SEK 14m	SEK 6m	SEK 1b

Compensation vs Market: Johan's total compensation ($USD2.50M) is below average for companies of similar size in the German market ($USD3.61M).

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

CEO

Johan Westman (51 yo)

6.5yrs

Tenure

SEK 27,611,156

Compensation

Mr. Johan Westman has been the President and Chief Executive Officer of AAK AB (publ.) since May 2, 2018. He is Independent Director of Thule Group AB (publ) from April 26, 2022. Mr. Westman joined AAK AB...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Johan Westman	President & CEO	6.5yrs	SEK 27.61m	0.021% € 1.3m
Tomas Bergendahl	VP & CFO	3.5yrs	no data	no data
David Smith	President of Global Operations & VP	no data	no data	no data
Carl Ahlgren	Head of IR	no data	no data	no data
Octavio de Leon	President of AAK Americas & VP	no data	no data	0.092% € 5.9m
Tim Stephenson	President of Global Sourcing	no data	no data	no data
Sten Estrup	President of AAK AMEA & Global People and VP	4.6yrs	no data	no data
Susanne Jaspers	President of AAK Europe & Strategic Accounts and VP	2.7yrs	no data	0.00058% € 36.9k
Mikael Ekdahl	Secretary of the Board	6.5yrs	SEK 900.00k	no data
Niall Sands	President of Commercial Development	no data	no data	no data
Patrik Winquist	Group Controller	no data	no data	no data

4.6yrs

Average Tenure

56yo

Average Age

Experienced Management: 6AA0's management team is considered experienced (4.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Fabienne Saadane-Oaks	Independent Director	1.5yrs	SEK 440.00k	no data
Nils-Johan Andersson	Director	1.5yrs	SEK 690.00k	0.00062% € 39.5k
Patrik Andersson	Independent Chairman	5.5yrs	SEK 988.50k	0.0014% € 91.1k
Marta Andreen	Director	11.5yrs	SEK 615.00k	no data
Ian Roberts	Independent Director	1.5yrs	SEK 440.00k	no data
Annica Edvardsson	Deputy Director	7.5yrs	no data	no data
Lena Nilsson	Employee Representative Director	6.8yrs	no data	no data
Mikael Myhre	Deputy Director	no data	no data	no data
David Alfredsson	Employee Representative Director	2.8yrs	no data	no data

4.1yrs

Average Tenure

61yo

Average Age

Experienced Board: 6AA0's board of directors are considered experienced (4.1 years average tenure).

AAK AB (publ.) Management

Management criteria checks 4/4

Key information

Recent management updates

Less than half of directors are independent

AAK AB (publ.) Appoints Patrik Andersson as Chairman

AAK's Chairman of the Board, Georg Brunstam, has passed away

Less than half of directors are independent

Less than half of directors are independent

AAK AB (publ.), Annual General Meeting, May 04, 2023

Recent updates

Third quarter 2024 earnings released: EPS: kr3.35 (vs kr3.10 in 3Q 2023)

Second quarter 2024 earnings released: EPS: kr3.11 (vs kr2.37 in 2Q 2023)

Less than half of directors are independent

AAK AB (publ.) Approves Dividend, Payable on May 16, 2024

Upcoming dividend of kr3.70 per share

Now 23% overvalued after recent price rise

First quarter 2024 earnings released: EPS: kr3.59 (vs kr2.55 in 1Q 2023)

Full year 2023 earnings released: EPS: kr11.35 (vs kr6.84 in FY 2022)

Dividend of kr3.70 announced

Now 20% undervalued

Full year 2023 earnings released: EPS: kr11.35 (vs kr6.84 in FY 2022)

AAK AB (publ.) to Report Fiscal Year 2023 Results on Apr 12, 2024

Third quarter 2023 earnings released: EPS: kr3.10 (vs kr2.35 in 3Q 2022)

AAK AB (publ.) Appoints Patrik Andersson as Chairman

AAK's Chairman of the Board, Georg Brunstam, has passed away

AAK AB (publ.) to Report Q3, 2024 Results on Oct 24, 2024

AAK AB (publ.) to Report Q1, 2024 Results on Apr 25, 2024

Second quarter 2023 earnings released: EPS: kr2.36 (vs kr0.60 in 2Q 2022)

Less than half of directors are independent

AAK AB (publ.) Approves Dividend, Payable on May 11, 2023

First quarter 2023 earnings released: EPS: kr2.55 (vs kr1.90 in 1Q 2022)

Upcoming dividend of kr2.75 per share at 1.3% yield

Full year 2022 earnings released

Full year 2022 earnings released: EPS: kr6.84 (vs kr5.59 in FY 2021)

AAK AB (publ.) Proposes Dividend of for the Financial Year 2022

AAK AB (publ.) to Report Q4, 2023 Results on Feb 07, 2024

AAK AB (publ.) (OM:AAK) agreed to acquire Arani Agro Oil Industries Limited.

Less than half of directors are independent

Third quarter 2022 earnings released: EPS: kr2.36 (vs kr1.79 in 3Q 2021)

AAK AB (publ.), Annual General Meeting, May 04, 2023

Yevgeny Manoshkin acquired remaining 75% stake in NPO Margaron, OOO from AAK AB (publ.) (OM:AAK).

Second quarter 2022 earnings released: EPS: kr0.60 (vs kr0.39 in 2Q 2021)

AAK AB (publ.) to Report Q4, 2022 Results on Feb 02, 2023

Less than half of directors are independent

AAK AB (Publ.) Announces Board Appointments

Aak AB (Publ.) Proposes Dividend for the Financial Year 2021, Payable on May 25, 2022

AAK AB (publ.) Temporarily Halts Deliveries To and Sales In Russia

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

AAK AB (Publ.) Proposes Dividend for Financial Year 2021

Third quarter 2021 earnings released: EPS kr1.80 (vs kr1.69 in 3Q 2020)

Second quarter 2021 earnings released: EPS kr0.39 (vs kr1.27 in 2Q 2020)

Independent Director has left the company

AAK AB (publ.) Declares Dividend, Payable on May 17, 2021

Director of Financial Control & Tax has left the company

Upcoming dividend of kr2.30 per share

CTO & VP recently sold €347k worth of stock

Full year 2020 earnings released

Aak AB (Publ.) Implements Satellite Monitoring Globally to Support Zero Deforestation

New 90-day high: €17.61

AAK AB (publ.) Appoints Gabriella Grotte as Head of Investor Relations and Corporate Communications

VP, CFO and Head of Corporate Communications, Mergers & Acquisitions & IT has left the company

Full year 2020 earnings released: EPS kr6.14 (vs kr5.86 in FY 2019)

Revenue beats expectations

AAK AB (publ.) Appoints Tomas Bergendahl as New Chief Financial Officer

New 90-day low: €16.07

AAK AB (publ.) to Report Q1, 2021 Results on Apr 23, 2021

AAK Joins the MISTA Innovation Platform to Further Strengthen Its Capabilities for Plant-Based Foods

New 90-day high: €17.98

Third-quarter earnings released: Revenue beats expectations

Third quarter earnings released

New 90-day high: €17.38

AAK AB (publ.) to Report Q3, 2020 Results on Oct 22, 2020

New 90-day high - €16.65

AAK AB (publ.) to Report Q4, 2020 Results on Jan 28, 2021

AAK AB (publ.) (OM:AAK) completed the acquisition of 75% stake in NPO Margaron LLC.

CEO Compensation Analysis

CEO

Tenure

Compensation