Elopak Management
Management criteria checks 2/4
Elopak's CEO is Thomas Kormendi, appointed in Apr 2018, has a tenure of 6.67 years. total yearly compensation is €1.02M, comprised of 43.1% salary and 56.9% bonuses, including company stock and options. directly owns 0.15% of the company’s shares, worth €1.46M. The average tenure of the management team and the board of directors is 5.4 years and 1.5 years respectively.
Key information
Thomas Kormendi
Chief executive officer
€1.0m
Total compensation
| CEO salary percentage | 43.1% |
| CEO tenure | 6.7yrs |
| CEO ownership | 0.1% |
| Management average tenure | 5.4yrs |
| Board average tenure | 1.5yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | €66m |
| Jun 30 2024 | n/a | n/a | €71m |
| Mar 31 2024 | n/a | n/a | €74m |
| Dec 31 2023 | €1m | €441k | €68m |
| Sep 30 2023 | n/a | n/a | €66m |
| Jun 30 2023 | n/a | n/a | €60m |
| Mar 31 2023 | n/a | n/a | €52m |
| Dec 31 2022 | €787k | €495k | €34m |
| Sep 30 2022 | n/a | n/a | €23m |
| Jun 30 2022 | n/a | n/a | €19m |
| Mar 31 2022 | n/a | n/a | €17m |
| Dec 31 2021 | n/a | n/a | €30m |
| Sep 30 2021 | n/a | n/a | €36m |
| Jun 30 2021 | n/a | n/a | €40m |
| Mar 31 2021 | n/a | n/a | €43m |
| Dec 31 2020 | €594k | €434k | €48m |
Compensation vs Market: Thomas's total compensation ($USD1.07M) is about average for companies of similar size in the German market ($USD1.46M).
Compensation vs Earnings: Thomas's compensation has increased by more than 20% in the past year.
CEO
Thomas Kormendi (61 yo)
6.7yrs
Tenure
€1,024,864
Compensation
Mr. Thomas Ralph Kormendi is an Independent Director at Nordic Paper Holding AB (publ) since May 24, 2023. He serves as Chief Executive Officer of Elopak ASA since April 03, 2018 and has been its President...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President & CEO | 6.7yrs | €1.02m | 0.15% € 1.5m | |
| Chief Financial Officer | 5.9yrs | €526.71k | 0.076% € 753.5k | |
| Chief Technical Officer | 6.9yrs | €500.33k | 0.029% € 290.8k | |
| Chief Human Resources Officer | 4.9yrs | €507.42k | 0.013% € 131.0k | |
| Executive Vice President of Region Europe North & CIS | 17.9yrs | €930.12k | 0.076% € 757.1k | |
| Executive Vice President of Region Europe South & New Markets | 5.6yrs | €470.83k | 0.030% € 295.0k | |
| Executive Vice President of North America | 5.3yrs | €933.69k | 0.036% € 353.3k | |
| Senior Food Microbiologist & Employee Representative Director | no data | €13.03k | 0.00040% € 4.0k | |
| Executive Vice President of Equipment & Service | 2.8yrs | €434.66k | 0.012% € 118.8k | |
| Head of Treasury & Investor Relations | no data | no data | no data | |
| Chief Marketing & Communications Officer | less than a year | no data | no data | |
| Executive Vice President for Packaging & Procurement | less than a year | no data | no data |
5.4yrs
Average Tenure
Experienced Management: 9J7's management team is seasoned and experienced (5.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Senior Food Microbiologist & Employee Representative Director | 3.6yrs | €13.03k | 0.00040% € 4.0k | |
| Independent Chairperson | 1.6yrs | €44.65k | 0.021% € 207.1k | |
| Independent Director | 3.7yrs | €48.00k | no data | |
| Director | less than a year | no data | no data | |
| Director | less than a year | no data | no data | |
| Independent Director | 7.9yrs | €40.00k | 0.0066% € 66.0k | |
| Employee Representative Director | 1.3yrs | €5.39k | no data | |
| Board Observer | less than a year | no data | no data |
1.5yrs
Average Tenure
62yo
Average Age
Experienced Board: 9J7's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 16:58 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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 |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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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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
Elopak ASA is covered by 6 analysts. 4 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 |
|---|---|
| Justin Jordan | BNP Paribas Exane |
| Charlie Muir-Sands | BNP Paribas Exane |
| Niclas Gehin | DNB Markets |